Sr. Accountant

Driving better future mobility

VS (Vehicle component Solutions) Company (https://www.lg.com/global/mobility) of LG Electronics focuses on commercializing environmentally responsible automotive components and core solutions based on LG’s proprietary technologies. A leading provider of core components for global car manufacturers, VS Company is supporting the emerging trend of the vehicle industry.

As the Sr. Accountant, you will:

∙ Perform monthly, quarterly, and annual corporate financial reporting, including monthly account reconciliations and financial statement analysis.
∙ Conduct research and analysis on R&D expense and reimbursement to support business unit profitability management through coordination with HQ, divisional headquarters, and North American subsidiaries.
∙ Maintain regular communication with global stakeholders for preparation and reporting of global notes and cash flow statements.
∙ Manage the Global Financial Validation System and oversee entity-level KPI risk controls related to manufacturing cost and financial statements.
∙ Conduct ad-hoc process analyses and implement improvements to resolve system logic errors, correct data discrepancies, and refine accounting treatments.
∙ Perform cost accounting for product sales and manage the manufacturing closing process.
∙ Prepare and monitor monthly accrual journal entries.
∙ Interpret and apply relevant accounting policies and accounting principles in accordance with applicable standards.
∙ Prepare and review general ledger (GL) reconciliations related to invoices, including inventory roll-forward preparation and monitoring of monthly inventory transactions.
∙ Conduct semi-annual physical inventory counts and fixed asset verifications, and manage related records.
∙ Calculate and update historical rates for accounts receivable allowance, inventory aging, allowance for returns, sales warranty provisions, and inventory valuation.
∙ Support LGEIAP and US GAAP audit preparation, including related analyses and documentation.
∙ Perform the financial month-end closing process and manage accrual expenses.
∙ Review and reconcile intercompany transactions with affiliates.
∙ Manage credit functions by reviewing and updating new and existing customer files for large or complex accounts.
∙ Release customer orders based on approved credit availability.
∙ Analyze financial statements in conjunction with credit risk assessments.
∙ Assess and determine the overall creditworthiness of customers.
∙ Implement and maintain credit-related policies and procedures as appropriate.
∙ Approve credit limit increases on a timely basis based on sales forecasts and accounts receivable collection plans.
∙ Conduct monthly, weekly, and quarterly credit limit simulations in coordination with necessary stakeholders.
∙ Collaborate with necessary Teams to support credit approval for OEM customers.
∙ Other job duties as assigned.

-Bachelor’s degree in Accounting, Finance, Economics, Statistics, or a related field, with at least five years of relevant accounting experience; OR associate degree in a related field, with at least seven years of relevant accounting experience.
-Proficiency in Microsoft Office applications (Excel (advanced), PowerPoint, Outlook), ERP systems, and accounting software.
-Prior experience working with global stakeholders, external auditors, and cross-functional teams, as well as conducting  month-end and year-end closing, accruals, intercompany reconciliations, and providing audit support.
-Strong understanding of GAAP (Generally Accepted Accounting Principles) and regulatory compliance requirements.
-Demonstrated experience in financial reporting, cost accounting, manufacturing closing processes, and credit management, including credit analysis, risk assessment, and customer credit limit approvals.
-Hands-on experience with ERP systems, financial validations, and process improvement initiatives.
-Ability to work early/late hours as necessary.
-Travel Requirements: Up to 5% annual travel, including out-of-state and/or international travel
-Physical Activities: Lifting/carrying weight up to 5 pounds (e.g. move or carry objects or merchandise during the inventory counting)

Preferred:
-CPA, CMA, or equivalent professional certification is highly desirable
-2+ years of credit management experience