Accounting Manager

Magnetic Component Engineering (“MCE”), a subsidiary of Dexter Magnetic Technologies (“Dexter”), manufactures permanent magnets and magnetic assemblies made to demanding customer specification in the aerospace / defense, semiconductor equipment, medical, and industrial end markets. MCE is based in Torrance, CA and operates one 48,000 square foot facility with 85 employees.

For more information on Magnetic Component Engineering, please visit: https://www.mceproducts.com/

Position Summary:

Magnetic Component Engineering is seeking a hands-on Accounting Manager who will manage daily accounting operations, perform financial closing, prepare financial statements, and analyze company performance, operating out of our Torrance, CA facility.

The Accounting Manager will supervise, monitor, and evaluate day-to-day accounting activities, and ensure that monthly/quarterly/annual financial books are closed in accordance with GAAP, IFRS and company expectations. In addition, the Accounting Manager will work with controllers and senior accountants to develop accounting procedures and internal controls and implement new technologies to increase efficiencies across the organization. This role also involves supervising and training accounting staff and partnering with other departments to ensure efficient operations.

Their primary duties and responsibilities include:

• Manage day-to-day accounting matters and monthly close of the assigned business unit.
• Prepare and review monthly closing journal entries, accruals and account reconciliations and bank reconciliations. Maintain and reconcile Inter-company accounts.
• Manage company asset list and depreciation schedule. Maintain and update the fixed asset system and ensure capital purchases are recorded and maintained in accordance with company policy.
• Manage financial aspects inventory, in partnership with operations, to ensure E&O is maintained and accurate, partnering with other members of finance team to apply policies and procedures and identify issues
• Record consolidation/elimination entries and prepare consolidated financial statements and analytics.
• Assist Controller to oversee treasury and AP functions. Approve invoices for payment (AP invoice payment selections). Manage new vendor onboarding process.
• Assist Controller to develop and implement procedures and internal controls to increase efficiency of the overall accounting department and accuracy of the financial closing process.
• Coordinates training programs for new staff and identifies training needs for current staff.
• Oversees the production of periodic financial reports; ensures that the reported results comply with generally accepted accounting principles or financial reporting standards.
• Support the Controller with external auditors and provide the requested information for the annual external audit (including R&D tax credit review). Prepare year-end tax package, prepare all surveys requested from corporate and various governmental bureaus.
• Provides reports supporting financial analysis.
• File sales and use tax returns. Prepare local, State and Federal filings as needed.
• Work with Controller on other accounting projects as they arise.
• Other duties as assigned.

• Must be able to work extended hours and weekends as needed.
• Other duties as assigned.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions:

Skills and Experience:

• Bachelor's Degree in Accounting, Finance Economics, or related field is required.
• 5-7 years of accounting experience required, ideally in a manufacturing environment.
• CPA preferred.
• Advanced Microsoft Excel skills.
• Must be detail oriented and organized.
• Excellent verbal and written communication skills.
• Ability to think creatively, highly driven, and self-motivated.
• Strong analytical problem-solving and organizational skills.
• Demonstrated ability to roll up sleeves and work with team members in a hands-on management capacity.
• Ability to work independently and as part of a team.
• Proven experience managing multiple projects simultaneously and autonomously.

Salary Range: $135,000-$145,000 + bonus

We offer a comprehensive benefits package, including Medical/Rx, Dental, Vision, Flexible Spending Accounts, Basic Life/AD&D (includes coverage for dependents 100% Company paid), Short-Term Disability, Long-Term Disability (100% Company paid), Supplemental Life/AD&D, 401(k) with Company match, tuition assistance after 1 year, paid time off, and 11 paid holidays.