Manager of Operational Accounting

UFP Technologies, Inc.
paid time off, paid holidays, 401(k)
United States, Massachusetts, Newburyport
100 Hale Street (Show on map)
Sep 25, 2024
About UFP Technologies : UFP Technologies is a designer and custom manufacturer of comprehensive solutions for medical devices, sterile packaging, and other highly engineered custom products. UFP is an important link in the medical device supply chain and a valued outsource partner to most of the top medical device manufacturers in the world. The Company's single-use and single-patient devices and components are used in a wide range of medical devices and packaging for minimally invasive surgery, infection prevention, wound care, wearables, orthopedic soft goods, and orthopedic implants. UFP Technologies, Inc. offers a competitive benefits package, including but not limited to: Medical, Dental, Vision, Life, Disability Insurance 401K with a matching contribution Paid time off, Paid holidays, Employee discounts and much more! Location: This position will be on-site full-time in Newburyport, MA. The position holder will need to be within commuting distance (within 45 min). Manager of Operational Accounting Summary: The Manager of Operational Accounting is responsible for ensuring that the following operational accounting areas (Inventory/Costing; Accounts Payable and Accounts Receivable) maintain all required accounting principles, practices, and procedures for a publicly traded manufacturing company with multiple reporting entities in order to ensure accurate and timely financial statements. This position supervises the accounts payable and accounts receivable departments and is responsible for managing the team so that work is properly allocated and completed in a timely and accurate manner. This position is also responsible for inventory accounting and will have significant input on implementing automated accounting solutions. Manager of Operational Accounting Duties and Responsibilities: At the corporate organizational level, plans and directs accounting activities within the finance department by performing the following duties personally or through assigned staff: Manages day-to-day activities of the accounts payable and accounts receivable departments to ensure that each function is performed in a timely, accurate, and well controlled manner. Provides adequate backup to maintain each department's critical deadlines during planned and unplanned absences. Manages the company-wide credit, collection and cash application process to ensure that company policies and procedures are followed, and proper internal controls are maintained. Manages the company-wide inventory accounting process, including supporting plant locations with inventory / costing issues, and advising on proper procedures. Supports all aspects of monthly, quarterly, and year-end closings, including detailed account reconciliations for assigned functions. Analyzes balance sheet accounts for assigned functions on a monthly basis, ensuring their overall integrity and accuracy. Assists the controller in the management of quarter-end and year-end audits performed by a 3rd party public accounting firm, ensuring favorable and timely completions. Assists the controller with the management of the Company's commercial insurance programs. Supports other financial and related tax, bank, and insurance audits. Assists with preparation of external audit materials and external financial reporting. Supports the preparation of all periodic tax and statutory filings including but not limited to sales and use taxes, property and excise taxes, franchise, and annual reports, 1099 filings, etc. Monitors and analyzes department work to develop more efficient procedures and use of resources for continuous improvement in meeting critical deadlines accurately and timely. Assists in the development, implementation, and training of new / automated systems. Provides on-demand financial analysis to support decision making; explain monthly, quarterly, and annual financial variances, particularly in the Inventory / COGS areas. Performs all other duties as assigned or needed. Manager of Operational Accounting Qualification Requirements: Bachelor's degree in Accounting, and a minimum of 10 years of directly related experience in positions demonstrating progressive responsibility. Minimum of 5 years of experience managing personnel required. Manufacturing industry and inventory / cost accounting experience required. Strong Excel skills required. Epicor ERP systems experience a plus. Must be self-starter that can function independently with little direct supervision. Must possess strong interpersonal communication skills, both verbal and written, as well as a level-headed demeanor. Ability and willingness to work extended hours as necessary, especially during the month-end closing process. This is an on-site position. To apply for this job please create a profile with us through our online application system. Click the "Apply" box in the upper right-hand corner to start the application process. Or, if you already have a social media account with LinkedIn, Google, or Facebook you can use your log in credentials to apply. *UFP Technologies, Inc. is an Equal Opportunity/Affirmative Action employer Minorities/Women/Veterans/Disabled.* #UFP #NBPT #CORP #IND