Apply on Employer Site

Advance Auto Parts · 5 hours ago

Accounting Analyst - Capital/Lease

Raleigh, NC

Full-time

Onsite

Entry, Mid Level

1+ years exp

Advance Auto Parts is seeking an Accounting Analyst to apply accounting principles to analyze financial information and assist in the preparation of financial reports. The role involves reconciling transactions, calculating incentives, and ensuring accurate inventory reporting.

AutomotiveRetail

Responsibilities

Provide analysis for Accounting management and business unit teams to determine financial liabilities and prepare appropriate accruals

Perform analytical reviews and interpretation of financial data and provide understandable explanations to non-financial business partners

Produce reports for other departments within the Store Support Center and Minneapolis Office

Prepare journal entries and assigned account reconciliations on a period basis according to established schedule. Follow up with appropriate individuals for any needed corrections and prepares journal entries accordingly

Prepare short term vendor incentive income calculations, analyses and period end journal entries to ensure the general ledger accurately reflects income recognition and vendor receivables

Assist in the preparation of detailed annual plans based on current year incentives, purchase trends and annual agreements

Review purchase projections to ensure accurate revenue recognition, compare future projections to historical purchase volumes as well as current year-to-date activity, and inquire with the Merchandising Team of any variables unknown to Accounting

Monitor vendor purchases to determine status of reaching volume thresholds as required in contracts

Reconcile vendor’s reported purchases with Advance queried net purchases to ensure maximum income recognition and determine if reserves may be necessary

Prepare and maintain schedules and supporting documentation needed for management, internal and external reporting, internal and external auditors, and SOX requirements

Report Outside Sales weekly activity each Monday morning

Collect vendor allowances within 30 days of the due dates

Project future period earnings based on allowances in contracts and established revenue recognition methods

Assist in quarterly reviews/year-end audits with internal, external and recovery auditors

Qualification

Advanced Microsoft ExcelAnalytical skillsAccounting principlesPeopleSoftAS/400Data analysisFinancial reportingCPA certificateInterpersonal skillsOrganizational skillsConflict solvingNegotiation skillsTeam playerCommunication skillsPresentation skills

Required

Advanced Microsoft Word, Excel, Access, AS/400 and PeopleSoft skills

Strong analytical, organizational, conflict solving and negotiation skills

Extraordinary interpersonal skills to work in conjunction with other departments, vendors and internal and external customers

Must be a team player who also works well independently

Must be able to analyze data, draw conclusions, interpret results, and make recommendations with respect to incentive calculations

Must be able to read, analyze, interpret and comprehend common scientific and technical journals, financial reports, and legal documents

Must be able to communicate effectively in both an oral and written manner to common inquiries or complaints from customers, regulatory agencies or members of the business community

Must be able to effectively present information in one-on-one and small group situations to top management, external department heads, customers, clients and other employees

Bachelor's degree from four-year College or university; one to three years related experience and/or training; or equivalent combination of education and experience