Manager, Accounting

Date: Jun 29, 2024

Location: Urbana, IL, US, 61802

Company: FlightSafety International


FRASCA, a FlightSafety International company, designs and manufactures simulation technology and components that increase pilot safety. Based in Illinois, FRASCA consistently delivers exceptional quality products for flight academies, universities, and military organizations worldwide. FRASCA produces a range of high-fidelity, competitively priced fixed wing and rotary simulation equipment designed to prepare every pilot for real-world mission scenarios. Over 3000 FRASCA simulators have been delivered worldwide. 

Purpose of Position

The Manager, Accounting is responsible for coordinating and managing the Frasca accounting function comprised of General Ledger, Accounts Payable and Accounts Receivable staff, managing their workload and continuously assessing and prioritizing invoice processing requirements to ensure invoices are paid to vendors or paid by customers timely and accurately. The position is responsible for ensuring that key internal controls are in place, and that processes are compliant with internal and external rules and regulations. The Manager, Accounting is also responsible for working with the Controller to identify, develop and implement best practices and maintain key relationships with stakeholders.

Tasks and Responsibilities

  • Oversee day to day processing within the Frasca accounting team to ensure optimal operational performance is maintained.  
  • Monitor and coach individuals to ensure the highest level of quality; Ensure accountability within the team, mentor and continue to grow the talent. 
  • Oversee all monthly close procedures for financial statements including monthly recording and reporting of all accounting activities. 
  • Review and approve various entries and monthly schedules and spreadsheets for account reconciliations. 
  • Provide support schedules for monthly analysis and financial reporting.
  • Consult on new or changing business transactions to ensure proper accounting treatment in accordance with US GAAP.
  • Manage internal and external audit requests, working closely with staff to provide adequate supporting details, documentation, and execution of action items to address findings.
  • Define the division financial statements and reporting package along with the Controller, so that the information integrates into the corporate consolidation.
  • Review and post vendor invoices and payments and customer invoices and cash receipts.
  • Support the identification of areas where metrics should be adjusted or new metrics should be included, to further assess and understand AP and AR performance.
  • Contribute to business process enhancement initiatives.

Minimum Education

  • Bachelor’s degree in Accounting or Finance or equivalent experience

Minimum Experience

  • 6+ years of accounting experience and in-depth knowledge of accounting principles.

Knowledge, Skills, Abilities

  • Strong knowledge in U.S Generally Accepted Accounting Principles and Sarbanes-Oxley Compliance
  • Proficient experience utilizing Microsoft products (Excel, Word, PowerPoint).  
  • Experience with Visual or similar ERP system
  • Knowledge of job cost accounting concepts preferred
  • Action and results oriented - sets goals and achieve those goals
  • Possess initiative, confidence, and drive to achieve results without explicit direction or detailed instructions
  • Ability to interact with various levels of leadership in a professional manner
  • Proven attention to details, pride, and ownership in work.  
  • Good supervisory, communication, negotiation, analytical, project management, and problem-solving skills.

Physical Demands and Work Environment

The physical demands and work environment described here are representative of those that must be met and/or encountered by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

FlightSafety is an Equal Opportunity Employer/Vet/Disabled. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or disability.

Nearest Major Market: Champaign
Nearest Secondary Market: Urbana