Accounting Manager

We are hiring an Accounting Manager!

IMCO Carbide Tool Inc. (IMCO) is a small to mid-sized American manufacturing company founded in 1977 that researches, designs, and manufactures high-performance cutting tools for varying applications in a variety of industries (i.e. manufacturing, aerospace, medical, automotive, etc.). IMCO Carbide Tool Inc. is a member of IMC Companies, a Berkshire Hathaway subsidiary. This relationship allowed us to renovate and expand into a state-of-the-art manufacturing facility. IMCO continues to show great strength and stability in the carbide cutting tool industry. We are focused on becoming the largest endmill manufacturer in the United States through intentional but controlled growth. We hope you will consider becoming part of our dynamic team of employees that are responsible for where we are today and our future tomorrows!

Schedule: Monday - Friday, 8:00a - 5:00p Starting Wage: Salary commensurate with experience

Benefits: IMCO boasts a robust benefits package that includes a medical plan option with 100% paid premium for any tier of coverage, company paid Life insurance and Long-Term Disability insurance, as well as voluntary dental plan options with a $1,750 benefit limit, vision through VSP, and supplemental benefits including Identity Theft protection. IMCO provides access to a 401k Plan that offers up to a 6% match on contributions.

The Position: The Accounting Manager will report to the CFO and currently has three (3) direct reports. This is an exempt position. The Accounting Manager is responsible for overseeing and managing all general accounting functions, including accounts payable and receivable, general ledger, treasury operations, budgeting, costing, and tax support. This position ensures compliance with accounting standards, supports strategic decision-making, and leads continuous improvement efforts within the department. The role also includes staff management, audit preparation, and detailed financial reporting and analysis. Essential duties and responsibilities of this position include (but are not limited to):

Financial Reporting & Monthly Close

• Lead the monthly financial close process, ensuring accurate recording of all financial transactions in compliance with GAAP and company policies.


• Oversee intercompany reconciliations and communication, accruals (e.g., commissions, bonuses), fixed asset depreciation, and costing classifications.


• Conduct revenue and expense variance analysis and review balance sheet reconciliations.


• Generate financial reports and presentations using Excel, Power BI, and PowerPoint.


• Complete monthly IMPACK schedules and submit CAPEX and headcount reports to corporate.

Daily Accounting Operations

• Ensure completion of daily functions: cash reconciliation, A/R cash application, collections, payment approvals and processing.


• Oversee support tasks such as front desk coverage and resolution of positive pay issues.

Treasury & Credit Card Management

• Monitor corporate credit limits, reset account access, and maintain employee account permissions.


• Ensure appropriate coding, documentation, and requisitions for credit card transactions.


• Facilitate ACH uploads and initiate domestic/international wire transfers.

Accounts Payable & Receivable Oversight

• Manage A/P and A/R activities to ensure timely payments and collections and accurate account maintenance.


• Oversee payment of monthly commissions to independent sales representatives.

Budgeting & Costing

• Coordinate and collect data for the annual budgeting process.


• Analyze and update budget-to-actual flux bridges for financial planning.


• Lead the annual costing process and monthly standard cost reviews.

Inventory

• Coordinate the annual WIP inventory and monthly SA inventory report review.


• Investigate cycle count discrepancies in collaboration with the accounting analyst.

Analysis

• Write and manage data queries using GAL/GMF structures to analyze inventory, sales, and expense data.


• Present findings using Excel or Power BI and lead ongoing ad hoc analysis and reporting.

Audit & Compliance

• Coordinate quarterly and annual financial audits; respond to document requests and other inquiries from both internal and external audit teams.


• Support external tax accountants with federal and state tax preparation and worksheet submissions.

IMPACK & GAL System Administration

• Monitor the IMPACK portal for data requests and upload timely, accurate responses.


• Maintain the GAL system including the chart of accounts (expenses, I/C Sales, A/R) and costing relationships.

Departmental Leadership

• Mentor team members, facilitate training, and support employee development.


• Foster a productive team culture, develop strong internal relationships and provide continuous feedback via individual meetings and performance reviews.


• Assess current processes and implement continuous improvements aligned with department and company goals.

Other duties and ad hoc projects, as assigned by CFO.

Requirements / Competencies

• Bachelor's Degree in Accounting (or equivalent work experience in Accounting)


• 5+ years of progressive accounting experience, with time spent in a supervisory role


• 3+ years of experience in manufacturing


• Experience with costing in a manufacturing environment


• Thorough knowledge of US GAAP


• Excellent verbal and written communication abilities across all levels of the organization


• Advanced Microsoft Excel and Power BI skills. Experience with ERP systems


• Effective time management skills and the ability to balance multiple priorities and demands

Physical Requirements and Working Conditions:

This position requires the ability to perform the essential job functions consistently, safely, and successfully in accordance with the ADA, FMLA and other federal, state and local standards, including meeting qualitative and/or quantitative productivity standards. This position requires regular, punctual attendance also consistent with the ADA, FMLA and other federal, state, and local standards. Other requirements are:

• Must be able to lift and carry up to 20 lbs (not on a regular basis).


• Must be able to talk, listen and communicate clearly and effectively in person and on phone/video calls.


• Must have flexibility of hands / fingers for grasping, typing, and data entry.

• Ability to sit for periods of time and ambulate safely in a manufacturing environment.

The Accounting Manager will work in a variety of settings, including an office area with noise from telephones and other office equipment; a warehouse area which may have moderate noise levels; and a production area with moderate noise levels and potential contact with natural oils, synthetic oils, and various grinding dusts. All areas have climate control.

IMCO Carbide Tool Inc. prohibits discrimination and harassment of any type and provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.

Applicants should note that upon offer and acceptance of a position, IMCO Carbide Tool Inc. performs a background check and a drug test as part of the onboarding process for all positions within the company. Positions requiring a degree or experience in lieu will also have education and employment verifications performed.