This position is responsible for maintaining accurate accounting of Revenue and Cost of Transportation Business, analyzing financial activities and profitability, and reporting the findings to management. Account Reconciliation: - Reconcile Fuel-surcharge Accounts containing Truck and Rail Vendor FSC Cost.
- Reviewing ITMS Operating System with SAP to confirm the amounts are correctly reported. When identifying discrepancies notify Operations by email for further review and correction.
- Reconcile Claim Accounts, Cost Incurred and Cost Recovered. Reviewing Claims Operating System with SAP to confirm the amounts are correctly reported. When identifying discrepancies notify Operations by email for further review and correction.
Month End Closing and Reporting: - Calculate monthly revenue accrual for Transportation Business, confirming Revenue contract Rates and ITMS shipment Data of Earned Revenue for the closing period.
- Identify and accrue any other unbilled revenue by analyzing ITMS Transportation Cost and Manual Invoices. Investigate unbilled revenue and provide explanation for aging.
Routine Verification, Red Folder, and Business Plan: - Perform routine verification of standard vendor rates and standard billing rates for its accuracy compared to contracts.
- Perform routine verification of document postings in SAP (manual & ITMS).
- Review Operation Departments annual Business Plan. This would require an in-depth analysis of comparing the Business Plan to the Actuals for the current year and the year prior. Confirming all assumptions made by Operations to plan for any significant modifications in the business.
- Red Folder Scenario Analysis or Contract review and Feasibility analysis. Responsible for understating the specific changes that are going to be made with our Customer or Vendors, whether it is a rate increase/decrease, establishing a new rate opening/closing a port, changing transportation routes, modifying the way in which the vehicles are processed or delivered, etc. and advising Controller and Operations of Financial concerns or findings
Follow up with Third Party Auditor. - Ensure all the financial activities meet the internal guideline
- Prepare all the backup to prove the test results with Auditors
- Maintain all converted worksheets for Auditors.
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