Senior Financial Analyst

Job Details

Job Location

Irvine Headquarters - Irvine, CA

Position Type

Full Time

Education Level

4 Year Degree

Travel Percentage

None

Job Shift

1st

Job Category

Accounting

Description

About Hyundai GLOVIS America Inc.

GLOVIS America, Inc. is a third-party logistics provider headquartered in Irvine, CA. Since our inception in 2002, we are committed to delivering our customers products via truck, rail, or ocean vessel throughout the U.S., Canada, and Mexico. Glovis America makes every effort to exceed standards by providing quality service to our customers and vendors of the automotive, freight forwarding, parts distribution, used car, and fuel industries. We cater logistics strategies and processes to our customers' needs by utilizing the latest information systems and advanced technologies.

Summary

This position is responsible for maintaining accurate accounting of Revenue and Cost of Port Processing Business, analyzing financial activities and profitability, and reporting the findings to management.

Responsibilities

• Month End Closing and Reporting
  • Calculate Earned Revenue in compliance with US GAAP and IFRS
  • Calculate monthly revenue accrual for Transportation Business, confirming Revenue contract Rates and ITMS shipment Data of Earned Revenue for the closing period
  • Identify and accrue any other unbilled revenue by analyzing ITMS Transportation Cost and Manual Invoices. Investigate unbilled revenue and provide explanation for aging
  • Prepare monthly Non-Standard accruals for Lucid Shipments
  • Track Incremental Cost, Standard Deviations, Backup Carrier, Rail to Truck Shipment, etc.
  • Variance Analysis and Profitability Analysis
  • Responsible for Post-closing analysis and assigned TP Financial Index Reports
  • Must acquire understanding of TP Business and work collaboratively with VL Team to provide meaningful analysis of P&L, Sales-mix, Shipment deviations, etc of TP Business
  • Will analyze variances by: Actual vs. Business Plan, Month to Month Analysis, Month vs. YTD analysis
  • Monitor the current business trends and provide forecast analysis upon request
  • Update Monthly Power BI Reports as needed
• Routine Verification, Red Folder, and Business Plan
  • Perform routine verification of standard vendor rates and standard billing rates for its accuracy compared to contracts
  • Perform routine verification of document postings in SAP (manual & ITMS)
  • Review Operation Department's annual Business Plan. This would require an in-depth analysis of

    comparing the Business Plan to the Actuals for the current year and the year prior. Confirming all

    assumptions made by Operations to plan for any significant modifications in the business.

  • Red Folder Scenario Analysis or Contract review and Feasibility analysis. Responsible for understating the specific changes that are going to be made with our Customer or Vendors, whether it is a rate increase/decrease, establishing a new rate opening/closing a port, changing transportation routes, modifying the way in which the vehicles are processed or delivered, etc. and advising Controller and Operations of Financial concerns or findings
• Follow up with Third Party Auditor
  • Ensure all the financial activities meet the internal guideline
  • Prepare all the backup to prove the test results with Auditors
  • Maintain all converted worksheets for Auditors

Compensation Range

• $58,000 - $63,000 Per Year (Subject to Compensation Study Upon Candidate Selection)

Benefits of working at Hyundai GLOVIS America Inc.

• Medical Insurance
• Vision Insurance
• Dental Insurance
• Health Care & Dependent Care Flexible Spending Accounts (FSA)
• Basic Life and AD&D as well as Short-Term & Long-Term Disability
• Paid Vacation, Holidays, and Sick leave
• Pet Insurance
• Hospital and Critical Illness Insurance
• Wellness Program and Gym Reimbursement*
• 401(k) with Generous Matching
• Referral Bonuses*
• Auto Allowance*
• Quarterly Employee Lunches, Summer Refreshments, and Monthly Team Building Activities*
• Discretionary Bonuses*
• Tuition Reimbursement*

*Benefits may vary by location. All benefits pursuant to Company policy.

Qualifications

Skills

• Excellent written and verbal communication skills Required
• Knowledge of Accrual Based Accounting Required
• Knowledge of Account Reconciliation Required
• Knowledge of Revenue and Cost Matching Required
• Intermediate to Advanced Microsoft Excel skills Required
• Knowledge of database systems - Power BI, Access, Work, Powerpoint

Education & Experience

• Bachelor's Degree in Accounting, Finance, or relevant field Required
• 3- 5years of Accounting, Finance, Economics, Business, or Logisticsexperience Required
• 4-7 years of Accounting, Business, Logistics Experience Preferred

Physical Requirements

• Ability to sit in front of a desk and/or in front of the computer for long periods
• Repetitive use of hand/grasping product, writing, and typing
• Lift up to 20lbs
• Carry up to 20lbs
• Stand/walk

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this job.

Working and Environmental Conditions

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.

• Typical office environment with low-level noise exposure
• This position is located in our Irvine, CA office
• Communication with employees and field partners will be primarily conducted via phone and email

The above statements are intended to describe the general nature of work performed by employees assigned to this position. They are not intended to be a complete list of all job duties performed by persons in the position. Glovis America reserves the right to revise or amend duties at any time as the needs of the company and requirements of the job change.