Stanley Black & Decker

Sr. Accountant

Posted on: 19 Jan 2021

Towson, MD

Job Description

Job Description
Stanley Black & Decker (SBD) is one of the world's largest, fastest-growing, and most dynamic companies. We are unique in that we have a rich and storied history dating back to 1843, but that hasn't stopped us from evolving into a vibrant, diverse, global growth company. We have been globally recognized as one of the most innovative, sustainable, and rewarding companies in the world. Stanley Black and Deckers 2019 Revenue was 14B and our Global Tools & Storage division is responsible for $10B of SBD annual revenue. Global Tools and Storage is currently seeking a candidate for a Senior Accountant position in Towson, MD.

This position is responsible for managing controllership and commercial accounting activities for the Global Tools & Storage Division of Stanley Black & Decker.

Major Responsibilities:

* Facilitate monthly closeout by calculating and recording monthly journal entries surrounding P&L expense lines including items such as promotional programs offered to customers (i.e. Retail Sales Adjustments), Buybacks, Service Level Penalties, Other Sales Promotions, Top Line Pricing Adjustments, Markdowns, , Rebate, Co-Op Advertising, Cost of Sales Promotion,
* Review customer contracts and other business arrangements and determine appropriate accounting in conjunction with North America Retail Controller.
* Complete monthly balance sheet reconciliations and roll-forwards. Track ending balances within accrual balance sheet accounts
* Validate and resolve customer deductions for pricing, markdowns, rebates, coop, and Service Level Penalties.
* Complete analysis to compare actual Retail Sales Adjustment deductions from customers to forecast performance of promos.
* Work with Sales, Marketing, Commercial Finance and customers to resolve disputes
* Complete quarterly balance sheet reserve analysis for key reserves, ensuring accruals updated for Quarter End reporting.
* Assist in calculating and communicating quarterly, semi-annual and annual rebate and co-op payments as necessary.
* Finance transformation/process improvement projects coordinate with various teams to work on special projects to improve business processes and improve internal controls with a focus on automation of manual work
* Other financial support as necessary.

Experience/Qualifications:

* Bachelors Degree in Accounting or Finance required CPA or MBA is a plus
* Strong understanding or U.S. GAAP
* Minimum of 3 5 years experience in auditing, accounting, controllership and/or other financial roles
* Strong knowledge of MS Excel ability to handle large files with pivot tables, vlookup, sumif, etc.
* Ability to discuss matters effectively with non-financial associates at all levels of management
* Must demonstrate personal drive and willingness to accept responsibility
* Strong organizational, analytical and decision-making skills attention to details
* Ability to work independently
* Continuous improvement minded; experience with big data applications (e.g. Alteryx) highly preferred
* Results oriented
* Respect for people and ability to work and communicate with all levels in the organization

Core Success Skills:

* Willingness to embrace SBD Leadership Qualities
* Controllership mindset
* Proactive not reactive
* Acts as an involved business partner to Controller and other functional teams
* Demonstrates effective teamwork

Job Specific Competencies:

* Excellent communicator
* Excellent interpersonal skills
* Able to interact with all functions and levels of employees
* Highly motivated
* Ability to work in a fast paced, deadline driven environment

Stanley Black & Decker

New Britain, CT

Stanley Black & Decker, Inc. engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.

This segment sells its products through retailers, distributors, and a direct sales force to professional end users, distributors, retail consumers, and industrial customers in various industries. The company’s Industrial segment provides engineered fastening products and systems to customers in the automotive, manufacturing, electronics, construction, aerospace industries, and others; sells and rents custom pipe handling, joint welding, and coating equipment for use in the construction of large and small diameter pipelines, as well as provides pipeline inspection services; and sells hydraulic tools and accessories.

This segment also serves oil and natural gas pipeline industry and other industrial customers. Its Security segment designs, supplies, and installs commercial electronic security systems and provides electronic security services; offers healthcare solutions, which include asset tracking, infant protection, pediatric protection, patient protection, wander management, fall management, and emergency call products; and sells automatic doors to commercial customers. This segment serves consumers, retailers, educational, financial, and healthcare institutions, as well as commercial, governmental, and industrial customers. The company was formerly known as The Stanley Works and changed its name to Stanley Black & Decker, Inc. in March 2010. Stanley Black & Decker, Inc. was founded in 1843 and is headquartered in New Britain, Connecticut.