Eaton Corporation Financial Analyst in Coamo, Puerto Rico
Primary Function: State the primary function or overall purpose of your position.
- This position will be responsible to perform payroll functions for hourly and salary employees and will provide support in the cost accounting / inventory areas. Also, will analyze monthly financial transactions and booking information according to EATON Financial Policy requirements.
Essential Functions: List of the essential functions, which must be performed in order to, fulfills the purpose of your position as described above.
Payroll & benefits accruals and analysis (Sick, Health, Worker’s Compensation, Xmas bonus, etc.) - Balance Sheet Review Reconciliation
Labor reclassifications (cost of quality journal entries)
Inter-company cross charges & deposits journal entries
Health and other benefits analysis
Service accruals and analysis
GL26 Batch Error Correction
RSD Schedules in Encore (ME04A, YE02, YE01).
Print and file GL's, Journal Entries, Financial Statements and Journal Status
Service Tax monthly reconciliation and payment processing including analysis of payment register to identify service providers.
AP On Holds Report Analysis and follow up.
Process Garnishments payments and communicate by phone with US & PR agencies for follow up.
Process Debit Memos to the Financial Services Center.
Process/send direct deposit forms.
Mail deposits to lock box.
Process/Send Manual Checks.
Prepare Quarterly Filings.
Process and validate Hourly & Salary payroll.
Send invoices to Financial Service Center and follow up for proper payment applications.
Submit Check Requests for services
Preparation of Overtime and Meal Penalty Report
Special year end payrolls processing and validation.
Prepare and analyze State Insurance Fund (annual workers compensation)
Provide requirements to comply with internal SOX audit as well as external audits.
Benefits analysis withholding versus employee applicable benefits.
Intercompany payable / receivable reconciliations, analysis and follow up with counterpart.
21020 monthly account reconciliation
Cost accounting / Inventory back up
Develop Product Costing for new products
Back up L’Orders System - Review / Approval / JE’s
Profit Plan process - report preparation, operational / financial review and variance analysis for payroll and benefits accounts
Month-end closing process – Financial review and variance analysis.
Ensures compliance with all Financial Policies
Promote an atmosphere of continuous improvement.
Education: Bachelor Degree in Accounting.
Experience: Minimum three (3) years of accounting and inventory experience.
Communication Skills (English and Spanish)
Confidentiality is a must have
Major or Unusual Problems: Briefly describe a few of the most complex problems encountered in achieving your position’s primary function.
Not receiving the hourly / salary payroll information on time
AS400 communication problems
Oracle issues / Mapics receipts.
Inter-company differences with counterpart.
On time payment processing by the FSC requiring extreme follow ups.
Deviation to standard AP invoices on hold and payment processing requiring analytical thinking and root cause analysis.
Eaton is a power management company with 2016 sales of $19.7 billion. We provide energy-efficient solutions that help our customers effectively manage electrical, hydraulic and mechanical power more efficiently, safely and sustainably. Eaton is dedicated to improving the quality of life and the environment through the use of power management technologies and services. Eaton has approximately 95,000 employees and sells products to customers in more than 175 countries. For more information, visit Eaton.com.
At Eaton we see things differently. We see opportunities to innovate, go above and beyond, and we work hard because what we do reflects who we are. If you see things differently – if you’re determined, motivated and focused on improving the world around you – then it’s time to see where a career at Eaton can take you. For more information visit www. Eaton.com/careers.
Region: North America – US/Puerto Rico
Organization: EPG CPD ICD Industrial Controls Division
Job Level: Individual Contributor
Is remote work (i.e. working from home or another Eaton facility) allowed for this position?: No
Does this position offer relocation?: No
Travel: Yes, 10 % of the Time