Staff Accountant

About the role

Keystone Powdered Metal Company, a Sumitomo Electric Group company, is looking for a full-time Staff Accountant who will be working in our St. Marys, PA location. This person will report to the Accounting Manager. Keystone Powdered Metal Company is a world leader in the Powdered Metal Industry; since 1927 it has pioneered many advancements in technology and products in the PM industry and is part of Sumitomo Electric’s Industrial Materials segment, which has thirteen P/M companies in nine countries. Keystone operates plants in St. Marys and Lewis Run, Pennsylvania, and Cherryville, North Carolina. Sumitomo Electric Industries, Ltd. is a global technology leader with over 280,000 employees at around 400 group companies in 40 countries, active in automotive, infocommunications, electronics, environment & energy, and industrial materials.

Responsibilities

• Fixed Asset Accounting: manage and oversee the accounting of fixed assets, ensuring accurate tracking, reporting, and compliance with accounting standards.
• Fixed Asset Tracking and Record-Keeping: maintain accurate records of all fixed assets.
• Depreciation calculation: calculate and record depreciation for fixed assets that are in line with accounting standards and company policies.
• Asset Capitalization and Disposals: ensure proper capitalization of new assets and follow accounting policies regarding capitalizing versus expensing; record asset disposals, sales, and write-offs, ensuring appropriate gain or loss recognition.
• Tax Compliance: prepare asset register to assist in preparation of tax filings.
• CIP: track and manage the costs associated with CIP projects, maintain accurate recording of expenditures, capitalize costs when projects are completed and confirm costs are properly classified.
• Month-End Close: calculate and post monthly recurring and miscellaneous journal entries; update and analyze account analyses to ensure accuracy and consistency.
• Budgeting & Forecasting: assist in the preparation of the annual budget.
• Tax Preparation Support: assist in annual preparation of NC property valuation used in assessing property tax due.
• Project Tracking: maintain the accounting for tooling projects (X‑Projects), including the recognition and deferral of tooling sales and expenses.
• Physical Inventory: assist in the planning, organizing and carrying out physical inventories of raw material, work in process, finished goods and selected supplies for all locations.
• Reporting: prepare and analyze daily and weekly reports as assigned.

Qualifications

• Bachelor degree in business administration, preferably with a concentration in accounting.
• Knowledge of GAAP, especially in fixed assets.

Skills

• Knowledge of Accounting Software.
• Skilled in MS Office Suite, particularly Excel.

Schedule

Full-time position.