GLOVIS America, Inc.
Senior Analyst - TP Accounting
GLOVIS America, Inc., Irvine, California, United States, 92713
Hyundai 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 The Senior Analyst - TP Accounting position is responsible for maintaining accurate accounting of Revenue and Cost of Transportation Business, analyzing financial activities and profitability, and reporting the findings to management. Responsibilities
Month End Closing and Reporting for HMA TP Revenue and Cost Calculate Earned Revenue in compliance with US GAAP and IFRS Calculate monthly revenue accrual for TP Business, confirming Revenue contract rates and ITMS shipment data of Earned Revenue for the closing period Investigate any unbilled Revenue and track AR aging Calculate Vendor Cost either by validating Vendor Contracts in ITMS or approved Special Moves rates awarded by Operations Accrue Unbilled Cost, Based on Matching Principle Investigate any unbilled Cost and track AP aging Variance Analysis and Profitability Analysis for HMA TP Standard Accounts Responsible for Post-Closing analysis and Non-Standard Month End Closing 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 Present GM Monthly Results to Supervisor or Manager and explain variances HMA Monthly Reports and Projects Complete HMA MOU 2025 Report after closing Track Incremental Cost and Recovery Complete reports related to HMA aging, tax, etc Set up weekly meetings with Operation's team to get updates on aging, similarly with Vehicle Logistics team Initiate and follow through on all HMA Billing Enhancement or Accrual Process Changes Additional Responsibilities
Daily Invoice Review, Routine Verification, and Red Folder Perform daily review of AR and AP invoices that are parked in SAP. After invoice review, send invoices to Edoc for posting. For any AR or AP invoice errors, submit invoice for Rejection. Follow up immediately with Operations for invoice resubmission Perform routine verification of standard vendor rates and standard billing rates for its accuracy compared to contracts Review Operation Department's annual Business Plan In-depth analysis of comparing the Business Plan to the actuals for the current year and the year prior and confirming all assumptions made by Operations to plan for any significant modifications in the business Red Folder Analysis or Contract Review and Profitability analysis Understating the specific changes that are going to be made with our customers or vendors contracts, 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 providing financial concerns Follow up with Third Party Auditor Ensure all the financial activities meet the internal guideline Prepare all the backup to provide the test results with auditors Maintain all converted worksheets for auditors Other duties as assigned 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 Skills
Excellent written and verbal communication skills Required Intermediate to advanced Microsoft Excel Required Knowledge of Revenue and Cost Matching Required Knowledge of Account Reconciliation Required Knowledge of Accrual Based Accounting Required Knowledge of PowerBI, Access, Work, PowerPoint, and other database systems Preferred Education & Experience
Bachelor's Degree Required 3 - 5 Years of Experience in Finance, Accounting, Cost Accounting, Economics, Business, Logistics Required 4 - 7 Years of Experience in Finance, Accounting, Cost Accounting, Economics, Business 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 Stand/walk Carry/lift up to 15 pounds Working and Environmental Conditions
Typical office environment with low-level noise exposure This position will be located in the Irvine, CA office Communication with employees and field partners will be primarily conducted via phone and email Equal Employment Opportunity Statement 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. Glovis America is an Equal Opportunity Employer and welcomes applications from diverse candidates. #J-18808-Ljbffr
Month End Closing and Reporting for HMA TP Revenue and Cost Calculate Earned Revenue in compliance with US GAAP and IFRS Calculate monthly revenue accrual for TP Business, confirming Revenue contract rates and ITMS shipment data of Earned Revenue for the closing period Investigate any unbilled Revenue and track AR aging Calculate Vendor Cost either by validating Vendor Contracts in ITMS or approved Special Moves rates awarded by Operations Accrue Unbilled Cost, Based on Matching Principle Investigate any unbilled Cost and track AP aging Variance Analysis and Profitability Analysis for HMA TP Standard Accounts Responsible for Post-Closing analysis and Non-Standard Month End Closing 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 Present GM Monthly Results to Supervisor or Manager and explain variances HMA Monthly Reports and Projects Complete HMA MOU 2025 Report after closing Track Incremental Cost and Recovery Complete reports related to HMA aging, tax, etc Set up weekly meetings with Operation's team to get updates on aging, similarly with Vehicle Logistics team Initiate and follow through on all HMA Billing Enhancement or Accrual Process Changes Additional Responsibilities
Daily Invoice Review, Routine Verification, and Red Folder Perform daily review of AR and AP invoices that are parked in SAP. After invoice review, send invoices to Edoc for posting. For any AR or AP invoice errors, submit invoice for Rejection. Follow up immediately with Operations for invoice resubmission Perform routine verification of standard vendor rates and standard billing rates for its accuracy compared to contracts Review Operation Department's annual Business Plan In-depth analysis of comparing the Business Plan to the actuals for the current year and the year prior and confirming all assumptions made by Operations to plan for any significant modifications in the business Red Folder Analysis or Contract Review and Profitability analysis Understating the specific changes that are going to be made with our customers or vendors contracts, 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 providing financial concerns Follow up with Third Party Auditor Ensure all the financial activities meet the internal guideline Prepare all the backup to provide the test results with auditors Maintain all converted worksheets for auditors Other duties as assigned 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 Skills
Excellent written and verbal communication skills Required Intermediate to advanced Microsoft Excel Required Knowledge of Revenue and Cost Matching Required Knowledge of Account Reconciliation Required Knowledge of Accrual Based Accounting Required Knowledge of PowerBI, Access, Work, PowerPoint, and other database systems Preferred Education & Experience
Bachelor's Degree Required 3 - 5 Years of Experience in Finance, Accounting, Cost Accounting, Economics, Business, Logistics Required 4 - 7 Years of Experience in Finance, Accounting, Cost Accounting, Economics, Business 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 Stand/walk Carry/lift up to 15 pounds Working and Environmental Conditions
Typical office environment with low-level noise exposure This position will be located in the Irvine, CA office Communication with employees and field partners will be primarily conducted via phone and email Equal Employment Opportunity Statement 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. Glovis America is an Equal Opportunity Employer and welcomes applications from diverse candidates. #J-18808-Ljbffr