Job Details
The Senior Accountant - Compliance and Audit will play a pivotal role in overseeing various compliance activities, including financial audits, sales tax audits, international audits (Canada & UK), corporate insurance renewals, HTSUS Duty and Section 301 Tariff compliance, bank audits, and month-end close activities. Reporting directly to the Controller, this position requires a detail-oriented individual with a strong understanding of accounting principles, compliance standards, and audit procedures.
Responsibilities:
Financial Audits:
- Lead and coordinate annual financial audits, ensuring compliance with Generally Accepted Accounting Principles (GAAP) and regulatory requirements.
- Prepare audit schedules, liaise with external auditors, and facilitate the timely completion of audit procedures.
- Analyze audit findings and implement recommendations to enhance internal controls and mitigate risks.
Sales Tax Audits:
- Manage sales tax compliance efforts, including the preparation and submission of sales tax returns and responses to tax authorities' inquiries.
- Conduct periodic reviews of sales tax processes and documentation to ensure accuracy and compliance with applicable laws and regulations.
- Coordinate sales tax audits, providing necessary documentation and support to tax authorities as required.
International Audits (Canada & UK):
- Oversee international compliance activities, including audits conducted in Canada and the UK, ensuring adherence to local regulatory requirements.
- Collaborate with international counterparts and external advisors to address audit findings and implement corrective actions.
- Stay informed about changes in international tax laws and regulations, assessing their impact on the company's operations and implementing necessary adjustments.
Corporate Insurance Renewals:
- Manage the renewal process for corporate insurance policies, including property, liability, and employee benefits insurance.
- Review insurance coverage to ensure adequate protection against risks and compliance with contractual obligations.
- Negotiate terms and premiums with insurance providers to optimize coverage and minimize costs.
Bank Audits:
- Coordinate bank audits and examinations, providing requested documentation and support to auditors.
- Reconcile bank accounts and investigate discrepancies, ensuring the accuracy and integrity of financial records.
- Review banking processes and procedures to identify opportunities for improvement and strengthen internal controls.
HTSUS Duty and Section 301 Tariff Compliance:
- Ensure compliance with the Harmonized Tariff Schedule of the United States (HTSUS) and Section 301 Tariffs.
- Monitor and manage the classification of goods, ensuring accurate tariff assessments and duty payments.
- Stay updated on changes in tariff regulations and assess their impact on the company s import activities.
- Prepare and submit necessary documentation for tariff and duty compliance, and coordinate with customs brokers and regulatory agencies as needed.
Month-End Close Activities:
- Assist in the month-end close process, ensuring all financial transactions are accurately recorded and reconciled.
- Prepare and post journal entries, ensuring proper documentation and adherence to accounting standards.
- Assist in financial analysis and review to identify variances, trends, and opportunities for improvement.
Qualifications:
- Bachelor's degree in Accounting, Finance, or related field; CPA certification preferred.
- Minimum of 4 years of experience in accounting or finance roles, with a focus on compliance, audit, and internal controls.
- Comprehensive knowledge of GAAP, tax regulations, international accounting standards and HTSUS and Section 301 Tariff regulations.
- Experience with financial audits, sales tax audits, international audits (Canada & UK), corporate insurance renewals, and bank audits.
- Strong analytical skills and attention to detail, with the ability to identify risks and implement effective controls.
- Excellent communication and interpersonal skills, with the ability to collaborate across departments and interact with external stakeholders.
- Proficiency in accounting software and Microsoft Excel