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Power Transmission Distributors Association is...

comprised of companies that distribute and manufacture the components that keep your world running smoothly.

Careers in Industrial Distribution: Finance/Accounting

View an organizational chart for these positions.


Chief Financial Officer

Average Salary:  $91,650*
  • Directs and coordinates company's financial affairs according to financial principles and government regulations. Establishes major economic objectives and policies for the company.
  • Directs and prepares financial analyses of operations for guidance of management. Reports and recommends to top management or Board of Directors in regard to policies and programs. Plans and directs new operational procedures to obtain optimum efficiency and reduced costs.
  • Establishes extensive line of credit. Directs receipt, disbursement, and expenditures of money or capital assets. Approves and signs documents effecting monetary transactions. Directs the activities concerned with safekeeping, control, and accounting for assets and securities.
  • Directs preparation of budgets and financial forecasts. Analyzes division or department budget requests to identify areas in which reductions can be made, and allocates operating budget. Directs the preparation of reports that outline company’s financial position in areas of income, expenses, and earnings based on past, present and future operations.
  • Directs preparation of directives to division or department administrator outlining policy, program, or operating changes to be implemented.
  • Promotes organization in financial markets to assure sources of capital.
 

Controller/Treasurer

Average Salary:  $75,000*
  • Working closely with Executive Leadership, develops, implements and achieves the strategic and operational plans of the company.  Helps develop the financial goals of the company.
  • Directs all accounting functions to ensure month-end closing deadlines are met and financial statements are accurately stated.  Manages the accounting function to ensure proper preparation of journal entries and provide analytical review of financial statements.  Provides oversight of the financial closing process and final review of monthly packages.
  • Manages and controls the Sarbanes-Oxley compliance program for the organization.  Regularly reviews and updates documented business processes.  Conducts quarterly audits of processes and identified controls for accuracy and compliance.  Certifies compliance with all identified controls; serves as company’s designated liaison to internal and external auditors. 
  • Manages and directs the company payroll function and the leased assets program, including both fleet and facilities management. 
  • Provides accurate, consistent and timely financial information and reports to support all locations.  Reviews procedures and processes to ensure consistency and accuracy of information.
  • Determines performance expectations, evaluates performance and provides development opportunities for assigned staff.
 

Accounting Manager

Salary Range:  $76,475 - $98,773**
Learn more about the skills sets for this position.
 
  • Manages the General Accounting and Budget functions of the Accounting Department ensuring staff works as a team.  Determines performance expectations, evaluates performance, and provides coaching and opportunities for training and development.
  • Oversees/performs month-end and quarter-end closing activities and provides ongoing customer service, support, and open communication with various offices across the organization.
  • Oversees/monitors all processes to ensure that they are handled according to generally accepted accounting principles.  Maintains accountability for completion of all projects.
  • Oversees and monitors sales tax and property tax filings; ensures that projects and audits are completed accurately and in a timely manner.  Assesses and recommends accounting controls; reconciles discrepancies; prepares reports; resolves procedural problems.
 

Internal Auditor

Salary Range:  $46,598 - $57,192**
Learn more about the skills sets for this position.
 
  • Performs control review and control testing on critical processes.  Issues status reports on compliance and related issues.  Implements new controls and tests where appropriate.  Recommends changes to controls where appropriate.
  • Maintains Sarbanes-Oxley (SOX) process narrative documentation to ensure it is updated and accurate.  Coordinates SOX work with internal and external auditors. 
  • Ensures that audits are completed accurately and in a timely manner.  Maintains a calendar to ensure quarterly testing requirements are met.  Provides consistent, timely and accurate support to all locations.
  • Provides ongoing customer service, support and open communication with regional and branch offices.  Communicates information to all levels of management and corporate, regional and local employees.
 

Collections Supervisor

Salary Range:  $44,217 - $59,633**
Learn more about the skills sets for this position.
 
  • Supervises Collection Specialists.  Ensures that productivity and quality standards are achieved.  Ensures that staff works as a team.  Leads by example, communicates information and provides training.  Determines performance expectations, evaluates performance and provides coaching and opportunities for development. 
  • Coordinates invoice collection and resolution of problems with major customers and with Regional, District, and Branch Managers when required.  Recommends solutions to prevent problems from reoccurring. 
  • Achieves targeted collections Goals and Objectives.  Contributes to the success of achieving the Corporate, Regional and Branch Daily
  • Sales Outstanding (DSO) goals.  Contributes to the reduction of Past Due delinquency percentages.  Achieves targeted DSO and Past Due delinquency objectives.
  • Implements all Collection Policies and Procedures; provides regular management reports.  Provides a high level of service to internal and external customers.
 

Accounts Payable Clerk

Salary Range:  $31,262 - $39,331**
Learn more about the skills sets for this position.
 
  • Consults with branches and answers branch and vendor questions on accounts payable in a timely and accurate manner.
  • Quickly and accurately resolves discrepancies and past due invoices.
  • Performs keying functions necessary to receive inventory on direct ship invoices; audits previous day’s keying for accuracy.
  • Provides a high level of service to all customers.
 

Accounts Receivable Clerk

Salary Range:  $31,184 - $39,718**
Learn more about the skills sets for this position.
 
  • Keys customer payment information, Accounts Receivable adjustments and credit card transaction information into the system in a timely and accurate manner.
  • Corresponds with customers, credit departments and branches regarding discrepancies.  Answers questions and provides accurate and timely information.
  • Receives mail from lock box and directs information to appropriate branches; prepares deposit slips for checks received and posts cash timely and accurately.  Balances daily cash receipts, journals and completes cash deposit spreadsheets.
  • Files correspondence and maintains updated files. Researches and resolves problems and maintains accurate documentation.  Provides a high level of service to all customers.

 

*Salary information obtained from 2014 Cross-Industry Compensation Report, Vol. 1, published by the Power Transmission Distributors Association using the average salaries as reported by PTDA members.
**Salary information obtained from www.salary.com, 07.29.2014 using the first and third quartiles as lowest and highest ends of the range.
All salary ranges vary by individual company.