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Accounting Specialist - CAS

Company: Cherry Bekaert
Location: Olympia
Posted on: May 28, 2023

Job Description:

The Client Accounting Services (CAS) Accounting Specialist (Sr Assoc) position is responsible for managing the transactional accounting operations of the firm on behalf of each Outsourced Accounting client. The Accounting Specialist (Sr Assoc) is responsible for all areas relating to timely and accurate processing of client month end close, bank recs, Accounts Payable and Accounts Receivable transactions for firm clients. This includes the entry of vendor bills received by the client, as well as the download/data entry and accurate coding of client bank and credit card transactions for expenses. In addition, the Accounts Payable Specialist responsibilities are for ensuring that W-9 forms are received from new vendors prior to initial payments being issued, and that these forms are updated annually to maintain current and accurate information. The Accounts Receivable Specialist responsibilities include supporting our Hospitality/Restaurant/Franchise/Retail clients in the areas of customer (franchise) invoicing, recording of deposits (POS), and supporting our clients with customer collections.

  • Prepare, process, and/or code accounts payable and accounts receivable activities on a daily basis, ensuring payment within terms, includes miscellaneous invoices and debit and credit memos.

  • Reconciliation or auditing daily cash and revenue of Food and Beverage Sales

  • Reconciliation and recording of revenues from various Point of Sales Systems

  • Downloading/entry of revenues from 3 rd party applications (delivery services) or banks

  • Checking the accuracy of figures and calculations, as well as verification of cash or credit card deposits pertaining to business transactions recorded by restaurants.

  • Reconciling and reporting Daily Sales Report (DSR)

  • Reconcile funding activity at company and store levels to verify proper third party payments

  • Manage purchase order processing and invoice coding to the general ledger and ensure appropriate approval routing

  • Investigate and release exception/blocked invoices

  • Review all invoices for appropriate documentation and approval prior to payment

  • Respond to all vendor inquiries

  • Reconcile vendor statements, research and correct discrepancies

  • Prioritize invoices according to discount potential and payment terms

  • Identify key business trends through benchmarking, KPI tracking and analysis

  • Data entry and compose journal entries

  • Perform bank and credit card account reconciliations

  • Research and resolution of reconciling items

  • Assist with month-end closing duties; serve as backup to Controller during month-end close

  • Maintain fixed asset ledgers, depreciation, and reconciliation

  • Post actual payroll and reverse accrued payroll on a weekly basis for all business units

  • Special projects on request.

  • Prepare monthly sales report by restaurant and calculate KPIs - Prime Cost Percentage, Direct Costs,

  • Regularly maintain and reconcile journal entries

  • Assist in development and implementation of processes and data integrity tools

  • Prepare, review, analyze, and distribute reports and data as required, identifying areas for improvement

  • Run reports for analytical research through navigation of general ledger systems

  • Contribute to the implementation, maintenance and adherence to internal controls and accounting procedures ensuring compliance with GAAP

  • Assist in the month, quarter, and year-end closing process

  • Overall day-to-day management of financial reporting accuracy and on-time processing of client information

  • Bank and other balance sheet account reconciliations

  • Payroll reconciliations

  • Review and approval of account classifications

  • Review of G/L for any missing transactions and overall accuracy

  • Management of weekly "Open Items" and "To-Be-Coded" lists, supervised/reviewed by the Controller

  • Supervision and management of A/R, A/P and Payroll staff

  • Routing of Sales Tax and other reports for preparation within the firm

  • Onboarding clients into several different systems & processes & delivery procedures

    Skills & Abilities

    • 3-5 years of work experience, preferable in the Restaurant/Franchise/Hospitality Industry

    • Prior business experience and ability to apply that experience to a wide range of client situations

    • Advanced skills in specific industry verticals, such as Family Office, Private Equity, Not-for-Profit, Hospitality/Retail, Healthcare/Life Sciences, REITs, etc.

    • Expertise in using either Sage Intacct and Bill.com required

    • Knowledge of CrunchTime, Xenial, Aloha, Toast or other POS Systems is a plus

    • Project management skills

    • Strong problem-solving skills, basic accounting principles knowledge, documentation skills, research and resolution skills and data analysis

    • Prior bookkeeping experience required that involved processing of Accounts Payable, Accounts Receivable and Payroll

      Required Education And/or Experience:

      • Bachelor's degree required

      • Active CPA

      • Sage Intacct Certified

      • Bill.com Certified a plus

      • Experience in private/public accounting working with clients with $1 million to $50 million in annual revenue. Some experience working with clients with revenues over $50 million preferred.

        What you can expect from us:

        • Our shared values that foster inclusion and belonging including uncompromising integrity, collaboration, trust, and mutual respect

        • The opportunity to innovate and do work that motivates and engages you

        • A collaborative environment focused on enabling you to further your career growth and continuous professional development

        • Competitive compensation and a total rewards package that focuses on all aspects of your wellbeing

        • Flexibility to do impactful work and the time to enjoy your life outside of work

        • Opportunities to connect and learn from professionals from different backgrounds and with different cultures

          About Cherry Bekaert
          Cherry Bekaert, ranked among the largest assurance, tax and advisory firms in the U.S., serves clients across industries in all 50 U.S. states and internationally. "Cherry Bekaert" is the brand name under which Cherry Bekaert LLP and Cherry Bekaert Advisory LLC, independently owned entities, provide professional services in an alternative practice structure in accordance with applicable professional standards. Cherry Bekaert LLP is a licensed CPA firm that provides attest services, and Cherry Bekaert Advisory LLC and its subsidiary entities provide business advisory and non-attest services spanning the areas of transaction advisory, risk and accounting advisory, digital solutions, cybersecurity, tax, benefits consulting, and wealth management. For more details, visit cbh.com/disclosure .
          Cherry Bekaert cares about our people. We offer competitive compensation packages based on performance that recognize the value our people bring to our clients and our Firm. The salary range for this position is $75,000 to $139,200. In addition, we offer a comprehensive, high-quality benefits program (https://careers.cbh.com/wp-content/uploads/sites/2/2021/02/Benefits-Snapshot_February-2021.pdf) which includes annual bonus, medical, dental, and vision care; disability and life insurance; generous Paid Time Off; retirement plans; Paid Care Leave; and other programs that are dedicated to enhancing your personal and work life and providing you and your family with a measure of financial protection.
          Cherry Bekaert provides equal employment opportunities to applicants and employees without regard to race, color, religion, age, sex, sexual orientation, gender identity/expression, national origin, protected veteran status, disability status, or any other legally protected basis, in accordance with applicable law.
          Candidates must demonstrate eligibility to work in the United States. Cherry Bekaert will not provide work sponsorship for this position.
          Cherry Bekaert LLP and Cherry Bekaert Advisory LLC are members of Allinial Global, an accountancy and business advisory global association. Visit us at cbh.com/careers and follow us on LinkedIn (https://www.linkedin.com/company/cherrybekaert/) , Glassdoor (https://www.glassdoor.com/Overview/Working-at-Cherry-Bekaert-EI_IE31120.11,25.htm) , Instagram (https://www.instagram.com/cherrybekaert) , Twitter (https://twitter.com/cherrybekaert) and Facebook (https://www.facebook.com/CherryBekaertCB) .
          - 2023 Cherry Bekaert. All Rights Reserved.

          • #LI-VS1

          • #LI-Remote

Keywords: Cherry Bekaert, Olympia , Accounting Specialist - CAS, Accounting, Auditing , Olympia, Washington

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