Independent Electric Supply, Inc. (IES) opened in 1976 with ten employees to serve electrical contractors working in the high-tech aerospace industry. Today, IES operates 16 electrical supply branches in the Northern California area, San Francisco Bay area, Central Valley, Central Coast and 7 locations throughout Arizona.  IES focuses on traditional electrical supply with dedicated specialists in lighting, switchgear, wire management, tool & safety, renewable energy and enhance logistics solutions to meet specific customer needs.  Employing more than 550 people and managing over 1 million square feet of warehouse space, IES is one of the most prominent electrical distributors in the markets we serve.

In August 2011, IES was acquired by Sonepar USA, joining a family of leading electrical and industrial distributors across the United States. 

THE TEAM

Simply put, we work and win as a team. The Finance team is small (we are a core group of 3), dynamic, and integrated. You will report to the Head of Finance for Independent Electric, however we operate with very little rank in the room. We are an experienced group of professionals with backgrounds spanning several Fortune 500 companies, tech companies, and start-ups. We believe in working smart vs working hard, empowering each other, candor, care, and continuous improvement. We are focused, we prioritize, and we value real results more than noise.

THE FUNCTION

Life in Finance at Independent Electric is exciting! We are at the strategic hub of a successful, competitive, collegial logistics company dominant in the markets it serves. Finance serves a critical role; we optimize the business through operational partnership, insight, analytics, and modeling, and we ensure compliance with internal and external controls. Our scope spans Accounting, FP&A, Strategic Planning, Process Improvement, and Data Management. Needless to say we are integrated into the business and work horizontally and vertically across the organization.

THE JOB

This role will initially be focused on the compliance / accounting environment, working closely with the Shared Services Accounting team to close our books and maintain data integrity. As you gain familiarity with the role, you will have the opportunity to grow along the Financial Planning track, taking increasing ownership over modeling, operational finance, and planning and analysis.

The position will be based out of San Leandro full-time, with minimal travel requirements. The team allows work from home 1-2 days per week.

Initial Key Functions would include:

Financial Close Support

• Manage month-end close

  • Manage annual and monthly close calendar & checklist
  • Review and approval journal entries (Sales & Earnings, accruals)
  • Maintain allocation models, forward rates, and approve entries
  • Perform account reconciliations
  • Perform variance explanations to Plan in support of FP&A
  • Manage metric reporting and variances (DSO, DPO, DIO)
  • Perform forensic analysis of working capital drivers (Inventory, AP, AR)
  • Approve fixed asset schedule and depreciation forecast
  • Manage corporate financial reporting

• Financial Operations

• Manage Processes: Overhead Accounts Payable, vendor requests

• Manage Governance: Accounting structure, nomenclature, standards

• Compliance: Cash receipt audit & IRS 8300 compliance

• Business Support: Business license management, census reporting

Required Skills

• Exceptional computing skills (Microsoft Office [Excel!], ERP systems)
• Experience with Accounting Governance (Controls, documentation)
• Growth mindset
• Team mindset
• Professional agility and flexibility
• Fluent English

Required Experience

• Bachelor's degree from four-year college or university
• Two to four years of related experience and/or training

• Exceptional computing skills (Microsoft Office [Excel!], ERP systems)
• Experience with Accounting Governance (Controls, documentation)
• Growth mindset
• Team mindset
• Professional agility and flexibility
• Fluent English