Fund Accounting Associate Jobs in Minnesota (NOW HIRING)

Why Valmont

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Valmont impacts millions of people around the world every day, yet they might not realize the many ways. Our technology is helping feed the growing population, supplying the world with more reliable energy and access to renewables, enhancing connectivity in remote and urban locations to create a sustainable future and so much more. Simply put, Valmont is advancing agricultural productivity and reimagining vital infrastructure to make life better.

Join a Fortune 1000 company that respects hard work, honors diversity and invests in our employees as we focus on creating the world of tomorrow, today. We are the modern workforce. Are you ready to move the world forward? Apply now.

A Brief Summary of This Position:

This position is accountable for the analysis and reporting of site financial data including sales, cost of sales, margin analysis, inventory valuation and reconciliation, manufacturing performance, manufacturing variances, income statements, balance sheets, operational variances, capital expenditures, forecast/planning and special projects. The individual is expected to prepare and analyze the site's annual financial plan, as well as develop, review and maintain control procedures regarding financial and operational controls of the business unit and prepare/review monthly general ledger account reconciliations.

Essential Functions:

• This position reports to the North America Controllership Director with dotted-line responsibilities to the Plant Manager

• The position supports two small plants, generally with revenue of $75M or less

• The site controller manages one direct report, the site accounting associate

• Prepare monthly/quarterly/annual financial statements, business activity reports, financial position forecasts, annual budgets, and/or reports required by regulatory agencies

• Establishes rigorous and disciplined accounting and internal controls. The incumbent is responsible and accountable for:

  • Ensuring financial statements (income statement, balance sheet, cash flows) are compliant with US GAAP and accurate without exception

  • Adherence to all Valmont financial policies

  • Accurate inventory valuation including periodic cycle counts and valuation in compliance with FIFO, accurate standard costs, accounting for standard cost variances, and inventory reserves compliant with Valmont policy

  • Accurate and timely customer invoicing

  • Revenue recognition in accordance with US GAAP

  • Receivables valuation including maintenance of subledgers, reconciling items and reserves in compliance with policy

  • Warranty accruals, reflective of known and/or expected failures and costs to remediate

  • Expense accruals

  • Payables, accrued liabilities and debt balances

  • Balance sheet reconciliations, including maintaining records of the supporting detail and business activities that validate the balance sheet amount

  • SOX controls. Includes ensuring all controls have an owner and are self-tested.

  • Ensure all journal entries are properly supported and documented

• Collaborate closely with the site operations finance/controllers to build out reporting for daily, weekly, and monthly needs related to various operational measurements.

• Manages working capital

  • Works with operations to manage inventory, ensuring material is ordered when needed and supported by documented sales orders, contract or forecasts

  • Works with the business to ensure working capital is sufficient to fund best-in-class business as well as cognizant of need for cash flow

• Assist in preparing, implementing, and monitoring the Annual Operating Plan and various financial reports/statistics to ensure adherence to short and long-range financial goals. Monitor performance to plan throughout the year and communicate variances to Plant Manager and site operational staff

• Administer policies and procedures supporting the Plant Manager and operational staff to ensure maximum productivity and throughput, reduce operating cost, support Lean activities and ensure the safest possible plant operations

• Oversees monthly Accounting close activities in accordance with established procedures to ensure timely completion and accurate information

• Monitor facility's profitability, margins, inventory transactions while identifying problems and potential problems and offer solutions to resolve issues

• Perform statistical analysis to determine trends, estimates, and significant changes to site performance and present findings

• Able to effectively communicate with employees, outside vendors and agencies

• Maintain current knowledge of organizational policies and procedures, federal and state policies and directives, and monitor compliance with Generally Accepted Accounting Principles

• Conduct or coordinate audits of company accounts and financial transactions to ensure compliance with state and federal requirements and statutes

• Enforce Accountability - Hold yourself and others accountable for maintaining an ethical and competent work environment through example setting, reporting, and resolution of any ineffective control or unethical conduct

• Provide direction and assistance to other organizational units regarding accounting and budgeting policies and procedures, and efficient control and utilization of financial resources

• This role requires up to 10% travel domestically, including overnight stays

Other Important Details about the Role:

Required Qualifications of Every Candidate:

• Preferred Bachelor's degree in Accounting, Finance or equivalent with 7+ years of experience, or associates degree with 9+ years, or 11+ years of experience.

• Proficiency in MS Office (Word, Excel, PowerPoint, Outlook)

• Strong analytical, thinking and reasoning skills

• Detail and goal oriented

• Strong initiative and ability to make decisions, take action and solve problems

• Leadership abilities to influence others to perform their jobs effectively and to be responsible for making decisions

• Sound judgement skills

• Ability to work in a matrix environment

• Responsible - ability to hold oneself accountable or answerable for one's conduct

Highly Qualified Candidates Will Also Possess These Qualifications:

• Bachelor's degree in Accounting

• CPA

• 4+ years of experience in a manufacturing environment

• Working knowledge of Accounting software and manufacturing ERP (SAGE, IFS)

Benefits

Valmont offers employees and their families a comprehensive Total Wellbeing benefit package to ensure their individual and family's overall wellness needs are met. Some offerings are dependent upon the role, work schedule, or location and can include the following:

• Healthcare (medical, prescription drugs, dental and vision)

• 401k retirement plan with company match

• Paid time off

• Employer paid life insurance

• Employer paid short-term and long-term disability including maternity leave

• Work Life Support

• Tuition Reimbursement up to $5,250 per year

• Voluntary programs like tobacco cessation, Type 2 diabetes reversal, one-on-one health coaching, mortgage services and more

Valmont does not discriminate against any employee or applicant in employment opportunities or practices on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetic information, veteran status, disability or any other characteristic protected by law.  Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

If you have a disability and require any assistance in filling out the application for employment email EEOCompliance@Valmont.com.