Accounting Manager Job at Basic Resources, Inc., New York, NY

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  • Basic Resources, Inc.
  • New York, NY

Job Description

The Accounting Manager is responsible for overseeing the financial reporting, cash management, external reporting, and tax compliance for the three entities within the division. This role ensures the accuracy and integrity of financial data, supports business operations through timely reporting, and ensures compliance with all regulatory requirements. They will lead and develop a team of two senior accountants, ensuring efficiency in day-to-day financial operations while continuously improving accounting processes and internal controls. This role will support our underwear, loungewear, and intimates businesses involving industry leading brands and retailers, and it is a great opportunity for career growth

Responsibilities:

Daily Accounting Operations:

  • Oversee the accounts payable (AP) process, ensuring invoices are properly coded, verified for accuracy, and paid on time to maintain strong vendor relationships.
  • Monitor daily cash flow to ensure sufficient liquidity for operations.
  • Ensure bank transactions are recorded and reconciled accurately.
  • Coordinate with the accounts receivable (AR) team to ensure customer payments are applied and recorded correctly.
  • Maintain proper documentation and compliance with internal controls for all accounting processes.

Month-End Close & Financial Reporting:

  • Lead the month-end close process, including preparation and review of bank reconciliations, expense accruals and allowance, prepaid expenses, inventory valuation, payroll and benefits, rent and fixed assets intercompany transactions, royalties and financial income.
  • Prepare and review monthly financial statements (Income Statement, Balance Sheet, Cash Flow) and provide analysis for senior management.
  • Ensure compliance with external reporting requirements for third parties.

Year-End Close & Compliance:

  • Lead the year-end close process, ensuring all accounts are reconciled and prepared for external audits.
  • Serve as the key liaison for external auditors, preparing necessary schedules, documentation, and providing financial analysis.
  • Oversee tax-related filings, including sales tax, property tax, and corporate tax, in coordination with external advisors.
  • Prepares year-end financial reports for stakeholders.

Team Management & Development:

  • Supervise, mentor, and develop two senior accountants, fostering a high-performance culture.
  • Allocate workload effectively and establish priorities to meet reporting deadlines.
  • Conduct regular performance reviews, provide constructive feedback, and support professional development.
  • Promote a continuous learning environment, ensuring the team develops skills that align with the company’s growth strategy.

Process Improvement & Internal Controls:

  • Assess and enhance accounting policies, procedures, and systems to improve efficiency and accuracy.
  • Ensure compliance with GAAP and regulatory requirements.
  • Implement and monitor internal controls to safeguard company assets and mitigate financial risk.

Qualifications:

  • Bachelor’s degree in Accounting, Finance, or a related field (CPA or CMA preferred).
  • 5+ years of progressive accounting experience, ideally in a CPA firm and /or wholesale, manufacturing, or consumer goods environment.
  • Strong knowledge of GAAP, tax regulations, and internal controls.
  • Experience in financial statement preparation, month-end close, and external audits.
  • Prior experience managing or mentoring a team is a plus.
  • Proficiency in accounting software (SAP, or similar ERP systems).
  • Strong Excel skills (pivot tables, VLOOKUP).
  • Experience with financial reporting tools and business intelligence platforms is a plus.
  • Strong analytical and problem-solving skills, with attention to detail and accuracy.
  • Excellent organizational and time management skills, able to manage multiple priorities and deadlines.
  • Effective communication and interpersonal skills, with the ability to collaborate across departments.
  • Proven ability to lead and develop a team, fostering a culture of accountability and continuous improvement.
  • A proactive and adaptable mindset, with a continuous improvement approach.

Annual salary starting at $100,000

The disclosed salary range is commensurate with experience and does not reflect the total compensation package. Our associates have access to other valuable benefits that our Human Resources team is happy to share with candidates during the interview process.

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