Sr. Accountant

About the role

Driving better future mobility VS (Vehicle component Solutions) Company ( https://www.lg.com/global/mobility ) of LG Electronics focuses on commercializing environmentally responsible automotive components and core solutions based on LG's proprietary technologies. A leading provider of core components for global car manufacturers, VS Company is supporting the emerging trend of the vehicle industry. As the Sr. Accountant , you will : - Perform monthly, quarterly, and annual corporate financial reporting, including monthly account reconciliations and financial statement analysis. - Conduct research and analysis on R&D expense and reimbursement to support business unit profitability management through coordination with HQ, divisional headquarters, and North American subsidiaries. - Maintain regular communication with global stakeholders for preparation and reporting of global notes and cash flow statements. - Manage the Global Financial Validation System and oversee entity-level KPI risk controls related to manufacturing cost and financial statements. - Conduct ad-hoc process analyses and implement improvements to resolve system logic errors, correct data discrepancies, and refine accounting treatments. - Perform cost accounting for product sales and manage the manufacturing closing process. - Prepare and monitor monthly accrual journal entries. - Interpret and apply relevant accounting policies and accounting principles in accordance with applicable standards. - Prepare and review general ledger (GL) reconciliations related to invoices, including inventory roll-forward preparation and monitoring of monthly inventory transactions. - Conduct semi-annual physical inventory counts and fixed asset verifications, and manage related records. - Calculate and update historical rates for accounts receivable allowance, inventory aging, allowance for returns, sales warranty provisions, and inventory valuation. - Support LGEIAP and US GAAP audit preparation, including related analyses and documentation. - Perform the financial month-end closing process and manage accrual expenses. - Review and reconcile intercompany transactions with affiliates. - Manage credit functions by reviewing and updating new and existing customer files for large or complex accounts. - Release customer orders based on approved credit availability. - Analyze financial statements in conjunction with credit risk assessments. - Assess and determine the overall creditworthiness of customers. - Implement and maintain credit-related policies and procedures as appropriate. - Approve credit limit increases on a timely basis based on sales forecasts and accounts receivable collection plans. - Conduct monthly, weekly, and quarterly credit limit simulations in coordination with necessary stakeholders. - Collaborate with necessary Teams to support credit approval for OEM customers. - Other job duties as assigned.

Requirements

• -Bachelor's degree in Accounting, Finance, Economics, Statistics, or a related field, with at least five years of relevant accounting experience; OR associate degree in a related field, with at least seven years of relevant accounting experience.
• -Proficiency in Microsoft Office applications (Excel (advanced), PowerPoint, Outlook), ERP systems, and accounting software.
• -Prior experience working with global stakeholders, external auditors, and cross-functional teams, as well as conducting month-end and year-end closing, accruals, intercompany reconciliations, and providing audit support.
• -Strong understanding of GAAP (Generally Accepted Accounting Principles) and regulatory compliance requirements.
• -Demonstrated experience in financial reporting, cost accounting, manufacturing closing processes, and credit management, including credit analysis, risk assessment, and customer credit limit approvals.
• -Hands-on experience with ERP systems, financial validations, and process improvement initiatives.
• -Ability to work early/late hours

Benefits

Additional Information

Step into the innovative world of LG Electronics. As a global leader in technology, LG Electronics is dedicated to creating innovative solutions for a better life. Our brand promise, 'Life's Good', embodies our commitment to ensuring a happier life for all. We have a rich history spanning over six decades and a global presence in over 290 locations. Our diverse portfolio includes Home Appliance Solutions, Media Entertainment Solutions, Vehicle Solutions, and Eco Solutions. Our management philosophy, "Jeong-do Management," embodies our commitment to high ethical standards and transparent operations. Grounded in the principles of 'Customer-Value Creation' and 'People-Oriented Management', these values shape our corporate culture, fostering creativity, diversity, and integrity. At LG, we believe in the power of collective wisdom through an inclusive work environment. Join us and become a part of a company that is shaping the future of technology. At LG, we strive to make Life Good for Everyone.

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