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Sr. Accountant, Global Processes and Financial Reporting.

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Date: Dec 13, 2018

Location: LAKE FOREST, IL, US, 600455202

Company: Grainger

Grainger is a broad line, business-to-business distributor of maintenance, repair and operating (MRO) supplies and other related products and services. More than 3.2 million businesses and institutions worldwide rely on Grainger for products such as safety gloves, ladders, motors and janitorial supplies, along with services like inventory management and technical support. These customers represent a broad collection of industries including commercial, government, healthcare and manufacturing. They place orders online, on mobile devices, through sales representatives, over the phone and at local branches. Approximately 5,000 suppliers provide Grainger with more than 1.6 million products stocked in Grainger’s distribution centers and branches worldwide.

 

 

Primary Function
As a member of Grainger’s Global Controllership team, the Senior Accountant, Global Processes and Financial Reporting reports to the Manager of Financial Reporting.  The role is primarily responsible for driving best practices in global accounting and financial reporting processes, including,  but not limited to, financial reporting and company-wide inter and intracompany processes, analysis, and overall management.

 

Principal Duties & Responsibilities
 

INTRA/INTER COMPANY PROCESS MANAGEMENT

  • Maintain Grainger’s global intra/inter company policy and monitor company-wide compliance.
  • Actively work with business unit intercompany liaisons (world-wide) to ensure strict application of global intra/inter company policy requirements, including internal control and documentation requirements to ensure prudent accounting for global intercompany transactions: billings, settlements, eliminations, payment/applications, others.
  • Regularly monitor world-wide intercompany charges for completeness and integrity of the process.
  • Facilitate issue resolution and drive adjustments and correction entries as needed.
  • Prepare and distribute intercompany reporting to business partners monthly.
  • Investigate and resolve reconciling inter-company differences and serve as lead arbitrator for business unit intercompany disputes and resolutions.
  • Work closely with business partners and provide support and respond to requests and accounting-related inquires for intercompany processes.
  • Support account reconciliations across the enterprise to streamline processes, achieve productivity, and improve group-wide controls over intra/inter-company processes.
  • Develop and maintain documentation and training materials on intercompany accounting procedures and systems and provide training when needed.
  • Develop and distribute communications/updates impacting intra/inter-company processes.

 

GLOBAL PROCESS / SYSTEM INITIATIVES

  • Proactively highlight opportunities for process improvements, automation and standardization across business units.
  • Serve as the key contributor in the implementation of Blackline across the enterprise and help with enhancement features to existing systems, SAP and BPC.
  • Actively participate in the design and implementation of Blackline Intercompany Hub module to automate currently manual processes. 
  • Develop and maintain documentation and training materials on global controllership systems (i.e. Blackline, BPC, Workiva) and provide user training when needed.
  • Proactively highlight opportunities for process improvements, automation and standardization across business units.

 

FINANCIAL REPORTING RESPONSIBILITES

  • Assist in the preparation of financial statements and external reporting to the SEC, census and other government reporting.
  • Support the quarterly reviews and annual financial audit by external auditors.
  • Provide support in process documentation, internal controls testing in support of Grainger’s SOX compliance and special projects, as needed.
  • Provide support to other team members in the review and validation of reports and ad hoc reporting and analysis requests within the Global Controllership team.
  • Participate in the review, interpretation and analysis of key performance indicators, economic data and other management reports to assist management in evaluating business performance.
  • Identify and develop new reports and analytics for management needs and analysis.
  • Provide support to other team members in the review and validation of reports and ad hoc reporting and analysis requests.
  • Participate in special projects and ad hoc requests, as necessary.

 

Preferred Education & Experience

  • Bachelor’s degree in accounting or finance, CPA a plus.  
  • Public accounting or related large public company experience.
  • Knowledge of US GAAP and financial statements required, prior SEC reporting experience a plus.
  • Demonstrated technical abilities and ability to research and interpret accounting guidance.
  • Experience with foreign currency translation, intercompany transactions and consolidations, a plus.
  • Demonstrated analytical and problem solving skills.
  • Experience in project management, including continuous improvement efforts related to financial processes, systems and tools to optimize productivity and internal controls.
  • Strong sense of accuracy, attention to detail and organization.
  • Self-starter, able to multi-task and independently execute projects cross-functionally.
  • Able to work within deadline orientated environment, especially during the monthly and quarterly process is critical.
  • Clear, concise and effective  communication, both verbal and written.
  • Demonstrated ability to develop partnerships and work with others to accomplish objectives and results.
  • Advanced knowledge of Microsoft Office, particularly Excel required.
  • Proficiency in computer applications such as SAP, BPC, Blackline and Workiva is a distinct plus.

 

Work Environment

  • Located in Lake Forest, Illinois
  • Office environment
  • May require travel for special projects or training

 

Impact

  • This position is expected to work with all global accounting functions, business units’ accounting teams, Finance, Enterprise Systems, outside consultants and external auditors.
  • Achieve results by improving accounting and reporting processes across the enterprise.
  • The position contributes to efficient closing and reporting processes across the enterprise and the accuracy of the Company’s Financial Statements.

 

Working Relationships
External partners:

  • External Big 4 auditors
  • Securities & Exchange Commission
  • Government census agencies
  • Accounting professionals and external consultants, as appropriate

Internal partners:

  • The role requires extensive interaction with individuals at various levels across the organization, including senior leadership
  • Works across business units and various functions (Finance, Accounting, Investors Relations, Corporate FP&A, Treasury, Tax)

 

 

Grainger is an Equal Opportunity / Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, gender identity, sexual orientation, disability, or protected veteran status.

 


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