Senior Accountant (Accruals, PO Management, Payroll)

Company: MaxCyte Inc
Location: Rockville
Posted on: September 20, 2024

Job Description:

Description: Job Summary:The Senior Accountant is responsible for developing and providing accurate information for financial reporting. This position plays a key role in the month-end close process and is responsible for financial analysis, reporting, reconciliations, and journal entries. The senior accountant will also manage global payroll operations and processes, ensuring accurate and timely processing of payroll for our global workforce along with ensuring compliance. In addition, will support the accounting close process with timely documentation and streamlined processes. This individual will work under general supervision on various accounting projects and assist with quarterly and annual financial auditor requests and reporting. The Senior Accountant is knowledgeable regarding US GAAP and preparation of documents in a SOX compliant environment. Job Responsibilities:Accrued Expenses, Purchase Orders (POs), and Accounting Operations (70%):Manage and reconcile accrued expenses, ensuring accurate recording and timely paymentCollaborate with cross-functional teams to validate accruals and maintain compliance with accounting standards Maintains accrual and prepaid accounting ledgers, prepares journal entries and reviews monthly activity in the general ledger Interacts with department budget holders and vendors to track, monitor, and review month-end accruals; records and prepares required journal entries and supporting documentation Oversee the PO process, including creation, approval, and trackingEnsure proper coding, matching, and timely recording of PO-related transactionsReviews vendors bill postings for correct general ledger and department coding and accuracyManage all PO's for the Finance and Accounting team as well as supporting various other departments PO's Assist in external reporting and audit preparationsHandle recurring and manual journal entries, account reconciliations, and analysis.Reviews monthly activity in the general ledgerReviews and reconciles various balance sheet accounts, investigates variances, and prepares journal entries and supporting documentationPrepares detailed analytics to support account balances on the balance sheet and income statement Participates in developing policies and processes that will streamline accounting and financial reporting and ensure that processes and procedures are appropriately documented and executed in a SOX environmentActively participates in implementation of accounting process automation including implementation of NetSuite modules and other software toolsCollaborate with project managers and stakeholders to track project costs, analyze variances, and ensure accurate project accountingImplement and maintain internal controls in accordance with SOX requirementsParticipate in audits and provide necessary documentationMaintains internal controls for key processes to ensure compliance with SOX 404 regulations and procedures Payroll (30%):Researches and resolves payroll discrepanciesMonitors and ensures compliance with payroll-related taxes and withholdingsManages timely reporting of equity transactions for each payroll cycleDevelops and implements payroll policies and proceduresAnalyzes payroll data and provides accurate and timely monthly, quarterly, and year-end reports for circulation to managementEnsures timely filing of all payroll-related taxes and researches open issues and/or variancesCaptures payroll related accrualsOversees payroll audits and performs necessary correctionsParticipates in month end close processes by preparing payroll and benefit reconciliations and related journal entries to ensure all information is captured accuratelyEnsures accurate and timely processing of payrolls, in accordance with all applicable laws and regulations Reconcile payroll accounts and address discrepancies promptlyComplies with all applicable policies regarding health, safety, and the environmentRequirements:BS in Accounting or equivalent field/degree5+ years of progressive accounting experience including overseeing payroll processingExperience in a public and/or biotech company is a plusStrong analytical skills and attention to detailProficient using various relevant software applications, including MS Office with advanced skills in Excel and accounting software [i.e., NetSuite]Solid track record working with general ledger accounts, reconciliations, variance reporting and analysisAbility to work independently and proactively under general guidanceProactively identifies and communicates issues and appropriate solutionsStrong communication skills (verbal, written and interpersonal); ability to interact with all levels of employees and external vendors successfully and constructivelyAble to appropriately manage confidential or sensitive information and utilize strong business judgmentPosition is eligible for Bonus and EquityNote: To the extent permissible under applicable law, candidates will be required to show proof of being fully vaccinated against COVID-19 upon commencing employment. Reasonable accommodations will be considered on a case-by-case basis for exemptions to this requirement in accordance with applicable law. Compensation details: 105000-122000 Yearly SalaryPIc4e744e7cd55-25660-34740765

Keywords: MaxCyte Inc, Rockville , Senior Accountant (Accruals, PO Management, Payroll), Executive , Rockville, Maryland