Operational Accounting Manager

About Us:

Krayden Inc. is a leading, technical distributor that partners with the industry’s premier suppliers to deliver engineered solutions, customized support, and best in class responsiveness to our customers. Products that perform: We supply specialty engineered solutions from premier suppliers, that enable our customers to push the envelope of innovation. Knowledge that serves: We provide technical knowledge & best-in class customized support to engineers & buyers of CM’s/OEM’s. Service that delivers: We have created a global distribution network to assist customers deliver on their desired outcomes.

Job Summary:

Supervises, leads, and directs Accounts Receivable, Billing, Accounts Payable, and Cash Management activities for Krayden, Inc. and BDS and Billing for NCL.

Job Responsibilities:

Accounts Receivable and Billing

• Supervise and coordinate activities of the Accounts Receivable team engaged in calculating, posting, and verifying duties to obtain and record financial data used for maintaining accounting and statistical records.
• Manage manufacturer rebate programs.
• Compile composite reports from individual reports of subordinates required by management or government agencies.
• Oversee credit/terms approvals and negotiations.
• Supervise and participate in preparing and auditing materials requiring analyses of supporting documents and ensures that all entities are entered into the system properly.
• Review customer credit applications and perform credit references.
• Identify and resolve problems and inconsistencies, determining appropriate corrective actions.
• Oversee cash applications.
• Manage cash collections and determine adequate allowances for credit losses.
• Review A/R Dashboard in Power BI for completeness, accuracy, and effectiveness of collection activities.
• Reconcile Accounts Receivable to the general ledger.
• Periodically, review and update policies and procedures impacting the Order-to-Cash processes, collaborating with the Operations teams as needed.

Accounts Payable

• Lead and direct voucher processing.
• Review general ledger coding for propriety and consistency.
• Determine which accounts to include in regular payment runs.
• Reconcile Accounts Payable to the general ledger.
• Periodically, review and update policies and procedures impacting the Procure-to-Pay processes, collaborating with the Operations teams as needed.

Cash Management

• Participate in the weekly 13-week cash flow forecasting process.
• Manage company’s corporate credit cards.
• Monitor company’s cash balances and lead intercompany cash transfers.

Month-End Close

• Prepare the PTO accrual for Krayden, Inc., BDS, NCL, and Krayden, Canada.
• Prepare the monthly payroll entries pulling the needed data from Dayforce.
• Prepare the final Accounts Receivable and Accounts Payable entries and/or transactions for the period.
• Prepare the HRA and FSA entries.
• Prepare the Stock-based Compensation entries.
• Save down bank statements.

Others

• Initiate expense reimbursements for all employees and approve expense reports for C-level personnel.
• Oversee Sales and Use taxes processing using Avalara.
• Responsible for assisting with the external audit as requested.
• Responsible for assisting with the Company’s ERP implementation to NetSuite, including, but not limited to, reviewing design documents, providing process flows and other related documentation, performing end-to-end testing and user-acceptance testing, and leading change management initiatives for functional responsibilities reporting into this Accounting Manager role.
• Communicate and coordinate accounting policies, practices, and procedures with department and company managers and officials, vendors, reporting agencies, clients, customers, and the public.
• Assist in determining work procedures, preparing work schedules and expedites workflow in the area.
• Issue written and oral instructions.
• Assign duties and examine work for exactness, neatness, and conformance to policies and procedures, including AS/ISO and all other pertinent Accounting policies and requirements.
• Study and standardize procedures to improve efficiency of subordinates.
• Maintain harmony among workers and resolve grievances.
• Carry out supervisory responsibilities in accordance with the organization's policies and applicable laws and regulatory requirements.
• Supervise employees reporting into Accounting Manager role, including, but not limited to, training and developing the team and planning and assigning workstreams.
• Assist in interviewing, hiring, and training employees.
• Responsible for appraising performance, addressing complaints, and resolving problems.
• Perform other duties, special projects, and ad hoc reporting as requested.

Qualifications:

• Bachelor’s degree in Accounting, Finance, or related field required; equivalent combination of education and relevant experience will be considered.
• Experience preparing journal entries, account reconciliations, and month-end close activities.
• Demonstrated ability to lead, train, and develop accounting staff. (Preferred)
• NetSuite experience is helpful. (Preferred)
• Proven track record of optimizing Days Payable Outstanding (DPO) in a fiscally responsible manner. (Required)
• Excellent written and verbal communication skills; able to coordinate effectively across departments.
• Successful history of improving cash collections in alignment with company standards. (Required)
• Skilled in aligning Days Sales Outstanding (DSO) and Days Payable Outstanding (DPO) to support operational and financial goals. (Required)
• Experience in a manufacturing or distribution environment. (Preferred)
• Change management experience, particularly during ERP implementations, is a strong plus.

Benefits:

Krayden offers a competitive employee-focused benefits package which includes Medical, Dental, Vision Care & Life insurance, Flexible Spending Accounts (FSA), HRA's, 401(K) Retirement Plan & much more.

Equal Opportunity Statement: Krayden Inc. is proud to be an Equal Opportunity Employer.