Senior Accountant - Rebates

Reposted 8 Days Ago
Be an Early Applicant
Northbrook, IL, USA
Hybrid
74K-90K Annually
Senior level
Automotive • Professional Services • Software • Consulting • Energy • Chemical • Renewable Energy
Our mission is to make the world a safer, more secure and sustainable place.
The Role
Responsible for rebate and revenue accounting including recording and reconciling monthly rebate accruals, reviewing customer contracts for rebate compliance, preparing analyses and reconciliations, supporting audits, and advising on accounting policies. Maintain knowledge of ASC 606 revenue recognition and rebate accounting, develop process improvements, and communicate findings to management and external parties.
Summary Generated by Built In
JOB DESCRIPTION
As a Senior Accountant - Rebates under general supervision, you will perform general accounting work with an emphasis on rebate and revenue accounting areas. Analyze accounts and reports as well as, statistical reports, or external audit support. Reconcile general ledger accounts. Assist in the development and implementation of department policies, procedures, and programs in assigned areas. Advise management and employees in areas of expertise.
This is a full-time, hybrid (3 days in office) position located at Northbrook, IL.
RESPONSIBILITIES
  • Performs general accounting work requiring originality and ingenuity with some latitude for un-reviewed decisions, in assigned areas - specifically the rebates process area.
  • Recording and reconciling monthly rebate accruals.
  • Reviewing customer contracts to validate rebates are calculated in accordance with contractual terms.
  • Applies fundamental accounting concepts and practices in assigned areas.
  • Communicates with management and employees regarding issues in accounting and recommends solutions. Explains and interprets department policies, procedures, and practices. Assists customers and other constituents.
  • Assists in the development of new or revised policies, procedures, and programs by performing research and analysis. Develops recommendations concerning procedures and program features.
  • Communicates with outside agencies or organizations, to obtain or exchange information.
  • Develops and maintains working knowledge of advanced concepts in assigned areas, specifically Revenue Recognition under ASC 606 and Accounting for Rebates.
  • Develops an awareness of how decisions made in assigned areas impact work in other functional areas.
  • Stays abreast of current trends, and practices in area of specialization.
  • Read and follow the Underwriters Laboratories Code of Conduct, and follow all physical and digital security practices
  • Performs other duties as directed.

QUALIFICATIONS
  • University Degree in Accounting, Finance or a related discipline plus generally four years of directly related accounting experience.
  • CPA required (or actively pursuing)
  • Detailed knowledge of accounting theories and practices.
    Total Rewards: We understand compensation is an important factor as you consider the next step in your career. The estimated salary range for this position is $74,400- $90,000 and is based on multiple factors, including job-related knowledge/skills, experience, geographical location, as well as other factors. This position is eligible for annual bonus compensation with a target payout of 10% of the base salary. This position also provides health benefits such as medical, dental and vision; wellness benefits such as mental and financial health; and retirement savings (401K) commensurate with the standard rewards offered in each individual location or country. We also provide full-time employees with paid time off including vacation (15 days), holiday and personal days (totaling 12 days), and sick time off (72 hours).

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ABOUT US
A global leader in applied safety science, UL Solutions (NYSE: ULS) transforms safety, security and sustainability challenges into opportunities for customers in more than 110 countries. UL Solutions delivers testing, inspection and certification services, together with software products and advisory offerings, that support our customers' product innovation and business growth. The UL Mark serves as a recognized symbol of trust in our customers' products and reflects an unwavering commitment to advancing our safety mission. We help our customers innovate, launch new products and services, navigate global markets and complex supply chains, and grow sustainably and responsibly into the future. Our science is your advantage.
ABOUT THE TEAM
At the core of our expanding organization is our Finance team. We're a growing group of professionals, based around the world, who share ideas, work together and innovate to drive strategic growth and ensure financial integrity. Whether you're an expert in taxes, treasury, accounting, financial planning and analysis or corporate strategy and development, we're always looking for ambitious finance professionals who want to make an impact at a publicly traded company that's leading the way in safety science. Join our team, be part of our global community and drive the success of our mission-driven organization.

Skills Required

  • University degree in Accounting, Finance, or related discipline
  • Approximately four years of directly related accounting experience
  • Detailed knowledge of accounting theories and practices
  • Working knowledge of Revenue Recognition (ASC 606) and Accounting for Rebates
  • CPA

What the Team is Saying

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UL Solutions Compensation & Benefits Highlights

  • Strong & Reliable Incentives All employees are eligible for a broad-based annual incentive bonus, and formal plan language references an All Employee Incentive Plan. This companywide structure is consistently presented as a core element of total rewards.
  • Retirement Support U.S. materials describe a meaningful 401(k) match complemented by an additional company contribution after the first year of service. Employer-verified listings also point to protections like disability and life insurance that bolster long-term financial security.
  • Healthcare Strength Health plans offer multiple options (PPO and HDHPs) with the employer covering a substantial share of premiums. Complementary features such as dental, vision, HSA/FSA options, and periodic company contributions to accounts are also noted.

UL Solutions Insights

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The Company
HQ: Chicago, IL
15,000 Employees
Year Founded: 1894

What We Do

A global leader in applied safety science, UL Solutions transforms safety, security and sustainability challenges into opportunities for customers in more than 100 countries. UL Solutions delivers testing, inspection and certification services, together with software products and advisory offerings, that support our customers’ product innovation and business growth. The UL Certification Marks serve as a recognized symbol of trust in our customers’ products and reflect an unwavering commitment to advancing our safety mission. We help our customers innovate, launch new products and services, navigate global markets and complex supply chains, and grow sustainably and responsibly into the future. Our science is your advantage.

Why Work With Us

Science is in our DNA; we are endlessly curious and passionate about seeking and speaking the truth. We take delight in knowing that our work makes a meaningful contribution to society, and we are proud that our culture is centered on integrity, collaboration, inclusion and excellence.

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UL Solutions Offices

Hybrid Workspace

Employees engage in a combination of remote and on-site work.

Depending on the role we offer hybrid or remote opportunities.

Typical time on-site: Flexible
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