What are the responsibilities and job description for the Senior Accountant position at Maxima Apparel?
Senior Accountant
Location: Westbury, New York, United States (On-site)
The Senior Accountant will play a critical role in managing and executing key accounting functions to ensure accurate financial reporting and compliance within a fast-growing apparel company. This position will focus on cash flow management, payment processing, cost accounting, and margin analysis, while supporting internal controls and partnering closely with cross-functional teams.
Key Responsibilities
Cash Flow & Treasury Management
- Manage daily cash flow operations, including forecasting and monitoring liquidity needs.
- Oversee payment processing to ensure accuracy, timeliness, and compliance with company policies.
- Maintain and reconcile bank accounts, providing visibility to support business operations and financial planning.
General Ledger & Financial Reporting
- Maintain the integrity of the general ledger, ensuring accurate classification and posting of all financial transactions.
- Prepare, review, and post journal entries (accruals, prepaids, intercompany transactions, and reclasses).
- Perform detailed monthly balance sheet reconciliations (bank accounts, inventory, AP, AR, and other key accounts).
- Reconcile sub-ledgers (inventory, AP, AR) to the general ledger and investigate discrepancies.
- Monitor and reconcile intercompany balances; ensure proper eliminations in consolidated financials.
- Analyze trial balances, investigate unusual transactions, and ensure compliance with GAAP.
- Prepare monthly, quarterly, and annual financial statements.
- Support month-end and year-end closing processes.
Systems & Process Improvement
- Assist in designing and maintaining the chart of accounts to support reporting and scalability.
- Support ERP system implementations or upgrades, including mapping GL accounts for new product categories, warehouses, or sales channels.
- Coordinate monthly close tasks with extended international accounting teams.
- Prepare audit schedules and provide documentation for external audits.
Payroll & Cross-Functional Support
- Partner with HR to coordinate payroll processing and ensure accurate department coding for financial reporting.
- Collaborate with cross-functional teams to align financial processes with operational needs.
Qualifications
- Bachelor’s Degree in Accounting or Finance (required).
- CPA designation (preferred).
- 3–5 years of accounting experience, with emphasis on cash flow and treasury management; apparel, retail, or consumer goods industry experience preferred.
- Strong understanding of GAAP.
- Experience with ERP systems.
- Advanced proficiency in Microsoft Excel (Pivot Tables, VLOOKUP, IF statements).
- Detail-oriented with strong analytical, organizational, and communication skills.
- Ability to thrive in a fast-paced, deadline-driven environment.
- Experience with wholesale, DTC, and marketplace (Amazon, Shopify, etc.) accounting flows.