Senior Accountant
We are currently looking for a Senior Accountant in NYC.
Client: IT Solutions
Working Location: New York (Onsite)
Employment Type: Full-time, Exempt
Salary: $70-90K DOE
Job Responsibilities
Daily Operation and Supervision of Subordinates
Manages daily operation with instructing staff accountants to prepare A/P, A/R and G/L data entries.
Authorizes corporate check issuance, ACH, and wire.
Performs fund transfers for the payroll funding and other payments.
Preparing payroll data and making arrangement with the payroll company with respect to the payroll processing.
Funding for and maintaining 401K program, including updating employee payroll data and preparation of forms and returns in compliance with IRS requirement.
Sales Tax filing
Monitoring all expenses in comparison with the monthly budget.
Instructing the subordinates to monitor the asset addition and deletions monthly.
Resolving disputes with vendors in order to keep the company’s credit in good condition.
Responds inquires related to tax compliance (sales tax or other tax) to department of Sales & Marketing and management with CPA.
Monthly Closing and Reporting
Closes AR with processing customer invoices
Closes a book monthly with General Ledgers to record payrolls, depreciation, amortization and other monthly adjustments with subordinates under your supervision.
Finalizes the Trial Balance. Prepares and reports several financial reports, monthly financial statement (BS, PL, CS) to management.
Participates in monthly meeting and reports to managements for financial information and monthly activities and events affecting the financial condition of the company.
Quarterly Closing
Prepares and presents the quarterly financial data and materials to headquarters in Japan for consolidated Financial Statement.
Adjusts entries to finalize quarterly trial balances.
Participates in meeting with auditors to internal auditor regarding quarterly activities and events affecting the financial condition of the company if need.
Quarterly Report and Annual Report to CFO and Vice President, Corporate Planning & Operation
Verifies the quarterly transactions with accounting department of Japan Headquarters and closes a book.
Reports the final quarterly and annual trial balances and backup data for the key accounting items to Japan Headquarters in accordance with its instructions.
Reports the quarterly and annual profit and loss results.
Verifies the annual transactions with accounting department of Japan Headquarters and closes a book.
Responsible for Federal, Local and Municipal Tax Related assignments, including but not limited to:
Preparation of various tax returns and forms such as 1099, 1042, commercial rent tax returns and sales & use tax returns
Initiating discussions with external tax accountants to determine the estimated tax amount of the Federal and local corporate taxes
Instructing external tax accountants to prepare the annual tax returns and reviewing and filing the same
Having external tax accountants finish the annual tax returns to be approved by the General Manager for the filing with U.S. tax authorities
Transfer Pricing Related
Prepares data and financial results for Transfer Pricing related matters to CPA and Headquarters in Japan.
With CPA, completes Transfer Pricing Documentation for income tax purpose.
Business Planning & Budgeting
Participates in business plan and prepares annual budget.
Cash Management
Monitors the company’s cash balance, forecasts the cash balance position in short term & long term, and reports to management.
Handling issue with the banks.
Audit Preparation and Presentation to Auditors, if required.
Prepares and handles the auditors in relation to the annual financial data
Requirements and Skills
5+ years of accounting or similar experience preferred
Japanese language skills preferred, but not required
Prior experience with accounting software(s) (specifically MS Dynamics Solomon) is a plus