Accounting Manager

Position Summary

At Parker Aerospace, we develop technologies and innovative solutions that enable reliable, efficient and increasingly sustainable flight for the lifecycle of the aircraft, including aftermarket support. Our passionate people with deep engineering expertise, together with our breadth of differentiated technologies, ensure that we make the extraordinary happen and continue to shape the future of aviation in partnership with our customers.

As a member of our team, you are instrumental in fulfilling our mission: 'Enabling Engineering Breakthroughs that Lead to a Better Tomorrow.' Pursuing a career at Parker presents unlimited opportunities for both professional and personal development. Working with some of the most brilliant minds in the industry, your contributions will be pivotal in developing innovative technologies and products, significantly contributing to Parker's goal of addressing the world's most pressing engineering challenges. At Parker, our team members belong, matter and make a difference

The vision of Gas Turbine Fuel Systems Division is to be the global leader in the design, development, manufacture, and service of engine fuel, lubrication, and thermal management systems and components for aerospace/defense and industrial applications. By leveraging our expertise in analysis, atomization, combustion, fluid metering, and control - coupled with enterprise excellence - we will exceed customer expectations and achieve our business objectives.

Position Summary:

This position involves the continuous development and improvement of central accounting, the purchasing card and freight programs, and the worldwide treasury management and General Ledger reconciliation system. This position requires a high level of responsibility in regard to various Parker systems and programs. Responsible for the supervision of two or more exempt professional employees and two or more nonexempt employees. The position requires frequent contact and interface with managers and supervisors at all levels of the organization from a variety of group divisions and staff functions.

Essential Functions:

• Directs and organizes a variety of departmental activities and programs working with staff and employees.
• Manages the coordination and audit/review the monthly closing process for Division 93/Staff ledger (1700 accounts/ 550+ jvs)
• Handle all of the accounting and allocations related to the multi-million dollar global insurance programs. Work with Risk Management to account for various insurance policies while properly allocating and accounting for expenses to operating units.
• Managing and oversee various reserves related to product and general liability. Requires regular review and maintenance of the product liability database while preparing and completing triangle analysis to forecast and reconcile for IBNR and loss development related to industrial product liability claims.
• Responsible to manage and oversee the multi-million dollar North American freight payment program; includes divisional support, review of distribution of freight expense to ledger, working with third party freight audit and payment company as well as Corporate Logistics.
• Supporting and working with Risk Management concerning workers comp programs (insured and self-insured). Requires regular review and analysis of multiple balance sheet accounts to ensure compliance and maintain accounting controls.
• Manage and oversee the accounting and auditing of Parker catalog service charges and allocations, Monthly allocation entries are coordinated and submitted and a review of various ledger accounts and allocation methodology is required.
• Work with the budget & planning department and various corporate department managers to complete the annual corporate and staff department allocation methodology and process.
• Audit and review of various balance sheet account reconciliations and analysis.
• Perform role of leader/coordinator in the acquisition integration process for domestic Parker related to financial systems and programs. Responsibilities include preparation and tracking of scorecard data and integration survey and report.
• Coordinator of electronic application (NetApps) process for various card programs, with focus on lean process, reducing paper while maintaining controls.
• Manager of Central Accounting site on POL with responsibilities that include acquisition integration site, Central Accounting site updates of various financial detail and information.
• Perform lead role in the updating and maintenance of financial information on Risk Management site on POL, including product liability and workers comp detail.
• Manage and oversee monthly scanning and electronic invoicing of foreign inter-company transaction detail.
• Manage and oversee the multi-million dollar Corporate Purchasing Card and Special Purchase Account program. Work directly with GE and the cardholders to ensure all charges are correct. Also ensure that the program is expanding and saving Parker more money each year. At July, 2008 the program has 4000+ cardholders.
• Manage and oversee the 1099 process for the card programs. Work with eComply to ensure that all 1099's, W9's, and B-Notices are sent to the vendors and the proper actions are taken with the IRS.
• Manage and oversee Central A/R functions including the interdivisional purchases and the entire customer credit card program. Deal directly with Visa/Mastercard, American Express, and Keybank to ensure fees are correct and all divisions receive the proper credits at month end. Also setup all new acquisitions and customers up with KeyBank Via-warp software to process credit card transactions.
• Manage and oversee PH Store receivable. Ensure that distributor receives their check and that an A/R invoice is updated on the CARMS system for collection purposes.
• Manage and oversee all the banking transactions including Bank of America, National City, Keybank, etc.
• Perform semi-annual Cost of Finance calculation for upper-management. Use POL tool to gather information from each division for their cost of finance and summarize it by division, region, and group. Use the reports to benchmark against Hackett.
• Perform RONA Asset calculation each year. Gather information from various balance sheet accounts and calculate allocations to be given to each division.
• Oversee the completion of the Division 93 and 99 yearly tax forms. Work with the Corporate Tax Department to ensure we are gathering the correct information and filing items with them correctly (contributions, royalties, inventory, etc)
• Manage and oversee that all Iron Mountain charges for Parker are in fact correct and being charged to the correct departments at month end.
• Manage and oversee that TMR (The Mail Room) is correctly handling all of Parker's orders and charging us correctly on monthly basis. Work directly with TMR to ensure that the Catalog transition is smooth and is handled correctly.
• U.S. Manager of Accounting for the Global Treasury project and system.
• Perform continuous analysis for Global GL Reconciliation project. Work with divisions, groups, and Internal Audit to ensure that everything is in place for us to go live.
• Assist Central Accounting Manager with VAT. Gather information from divisions and Corporate for vendor to review and decide whether or not we should receive money back.

Qualifications:

• BSBA or BBA in Accounting.
• Minimum 10 years experience in accounting.
• Thorough knowledge of all aspects of general accounting.
• Excellent written and verbal communication skills.
• Excellent with Microsoft applications (Excel, Access, Word, Visual Basic, PowerPoint)
• Experience with general ledger account reconciliation, review and critical analysis.
• Ability to handle many tasks at a given time and work effectively with others in a team environment.
• Self-motivated, creative thinker, and change agent.
• Completed TCC and various other Parker management training courses (Improving Performance through Coaching, Conducting Crucial Conversations, Coaching for Talent Development.)
• Member of NAPCP (National Association of Purchasing Card Professionals)

Additional Comments:

The essential functions have been provided as example of the type of work performed by employees assigned to this job classification. The company reserves the right to modify the work assignments and/or to make reasonable accommodations so that qualified employees can perform the essential functions. The job description is not intended to be an inclusive list of duties and responsibilities. It is intended to describe the general nature of the position.

Benefit & Retirement Plans

Parker offers competitive benefit programs, including:

• Comprehensive coverage for medical, prescription drugs, dental, vision, voluntary optional life, accident insurance, hospital indemnity insurance and critical illness insurance with competitive premium cost.

• 401(k) Plan with company matching contributions at 100% of the first 5% of pay

• Company provided defined-contribution retirement plan with annual contribution equal to 3% of pay

• Career development and tuition reimbursement

• Other benefits including paid parental leave, short and long-term disability programs, adoption assistance, a Care.com membership and financial planning assistance are provided at no cost to you.

• Supplemental benefit programs including identity protection, legal protection, and pet wellness are available at competitive rates.

• Paid Time Off and 13 Company-Paid Holidays.

Drug-Free Workplace
In accordance with Parker's policies and applicable state laws, Parker provides for a drug-free workplace. Therefore, all applicants seeking employment with Parker will be subject to drug testing as a condition of employment.

This position is subject to meeting U.S. export compliance and/or U.S Government contracting citizenship eligibility requirements.

Equal Employment Opportunity

Parker is an Equal Opportunity and Affirmative Action Employer. Parker is committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job related reasons regardless of race, ethnicity, color, religion, sex, sexual orientation, age, national origin, disability, gender identity, genetic information, veteran status, or any other status protected by law. However, U.S. Citizenship, Permanent Residency or other appropriate status is required for certain positions, in accord with U.S. import & export regulations.

("Minority / Female / Disability / Veteran / VEVRAA Federal Contractor")

If you would like more information about Equal Employment Opportunity as an applicant under the law, please go to Employees & Job Applicants | U.S. Equal Employment Opportunity Commission