Senior Accountant
Company: Tenneco
Location: Northville
Posted on: April 17, 2024
Job Description:
Tenneco is one of the world's leading designer, manufacturers
and marketers of automotive products for original equipment and
aftermarket customers, with approximately 78.000 team members
working at more than 300 sites worldwide. Through our four business
groups, Motorparts, Ride Performance, Clean Air and Powertrain,
Tenneco is driving advancements in global mobility by delivering
technology solutions for diversified global markets, including
light vehicle, commercial truck, off-highway, industrial,
motorsport and the aftermarket.
This position is responsible for performing professional accounting
activities which may include posting, summarizing, reconciling,
auditing, ledger maintenance, and statement and/or report
preparation.The position may be based in Northville, MIand reports
directly to the Finance Directorof the company.
Essential Duties and Responsibilities
- Responsible for the timely and accurate filing of quarterly and
annual reports in compliance with the Company's debt agreements
(akin to SEC Reporting) and US GAAP regulations including the
preparation of the Company's quarterly and annual financial
statements.
- Preparation of quarterly and annual financial statements along
with all accompanying footnotes and seek opportunities to
standardize and automate processes to gain efficiencies, including
preparing, distributing, and reviewing any financial reporting
packages necessary to achieve complete and accurate financial
reporting
- Ensure that financial statements adhere to GAAP and credit
agreement requirements, in addition to meeting all the related
required disclosures
- Prepare GAAP and related checklists quarterly/annually
- Assist in preparation of financial statement schedules for use
as footnote support, including, but not limited to, noncontrolling
interest rollforwards, equity method investment rollforwards,
inventory, property, plant and equipment, goodwill and intangibles,
etc.
- Preparation of SAP journal entries for accounts such as, US
property and casualty reserves, workers compensation, incentive
compensation, pension and other postemployment benefits,
restructuring activities, and US medical
- Conducts accounting technical research and writes technical
position memos/white papers for accounting and disclosure
matters
- Assist with the implementation of new accounting pronouncements
and related procedures
- Assist with the annual external audit and serve as a liaison
between the Company and external auditors to resolve accounting and
reporting issues
- Assist with the internal audits and SOX control validation
processes to resolve accounting and reporting issues
- Perform analytical reviews of monthly, quarterly and annual
financial statements
- Provides U.S. GAAP support to the Divisional and Corporate
Finance leaders
- Participate in the coordination with external specialists (i.e.
valuation specialists, actuaries, etc.) on critical accounting
estimates and related assumptions, along with control documentation
over the review of inputs to financial models.
- Review reports from external specialist and documentation of
review procedures over data for internal controls
documentation
- Update process documents and narratives for internal controls
documentation
- Maintenance of the internal control documentation and related
testing for the financial reporting cycle and other cycles within
area of responsibility (such as goodwill and indefinite-lived
intangible assets, noncontrolling interests, equity method
investments, incentive compensation, pension and OPEB, insurance
reserves, etc.)
- Assist with the implementation of new accounting policies and
procedures
- Draft disclosures related to newly implemented accounting
pronouncements
- Assist in reviewing and tying out information for investor
decks and presentations, along with comfort letter and related
refinancing activities
- Provide input on accounting process improvements and automation
of current processes to gain efficiencies
- Provide accurate and timely dissemination of financial
reports
- Process post-close top-side journal entries on behalf of
business units
- Coordinate pushdown of top-side entries to business units
general ledger in subsequent month
- Coordinate with the consolidation system administrator group to
make changes to system structure, including new entities, accounts
or segment rollups to facilitate more efficient close process and
ensure adherence to US GAAP financial reporting requirements and
external reporting requirements of the Company's credit
agreements
- Interface with internal auditors as needed
- Support ad-hoc projects as required
- Ad hoc projects related to providing accounting guidance to
Business Units on transactions being considered or contemplated
Minimum Requirements
Education: Bachelor's or Master's degree in Accounting required;
CPA certification preferred; Master's degree in Accounting, Finance
or MBA preferred
Experience: 4 - 6 years of work experience in public accounting
and/or industry with progressive increase in responsibility
Skills
- Big 4 Public Accounting Firm experience (3 years minimum)
working with multinational publicly traded companies, preferably in
the automotive manufacturing (OEM supplier) or aftermarket
industry
- Strong technical accounting background in US GAAP
- Strong analytical and trouble-shooting skills
- Team-oriented and able to perform tasks where time management
is key
- Significant capability, drive and initiative to create and
manage own work agenda
- A high degree of computer literacy, experience with ERP systems
(e.g. SAP) required and consolidation systems experience preferred
(e.g. Hyperion or One Stream)
- Sound planning and organizational skills, with an emphasis on
continual process improvement, benchmarking and best practices
An Equal Opportunity Employer. All qualified applicants will
receive consideration for employment without regard to race, color,
religion, sex, sexual orientation, gender identity, national
origin, or protected veteran status and will not be discriminated
against on the basis of disability.
Keywords: Tenneco, Detroit , Senior Accountant, Accounting, Auditing , Northville, Michigan
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