Banking Accountant

Job Title: Automotive Banking & Floorplan Accountant

Department: Accounting

Job Description:

We are seeking an organized and detail-oriented Automotive Banking Accountant to join our accounting team. This role will be responsible for various accounting and financial operations relating to store banking, corporate banking, vendor statement reconciliation, sales and use tax filing, 8300 form filing, deal postings, aged deal monitoring, and daily reporting. CDK DMS experience preferred.

Responsibilities:

Store Banking:

• Ensure accurate receipting of credit card, cash & check deposits.
• Accurately post all banking to the appropriate account.
• Assist with monthly bank reconciliations. 

Corporate Banking:

• Track and receipt all bank ACH (Contracts in transit, reserves, bonus voucher, etc.)
• Receipt all other bank credits/debits (Credit card payment, credit card fees, bank fees, etc.)
• Process merchant credit card chargebacks and scan corporate checks to bank.
• Assist with monthly bank reconciliations.

Vendor Statement Reconciliation:

·                     Reconcile monthly vendor statements

·                     Work with internal parts and service counterpersons to resolve billing issues

·                     Communicate with vendor 

Sales & Use Tax Filings:

·                     Prepare and file monthly sales and use taxes.

8300 Form Filings:

·                     Track transactions needing Form 8300 filings

·                     File 8300 forms online

Deal Posting:

• Verify that funding is consistent with the deal.
• Accurately post all components of a deal to the appropriate account.

Aged Deal Monitoring:

• Maintain a record of the original deal date even through resigns.
• Assess penalties and notify managers.

Daily Reporting:

• Track deal resigns, cancellations, and penalties.
• Apply aged unit count.
• Provide footnotes about gross or unit count, including previously paid commission deals and house deals.

Preferred Qualifications:

• A degree in accounting or a related field is preferred but not required.
• Experience with dealership software like CDK or Reynolds is advantageous.
• Familiarity with ALLY Financial Floorplan is a plus.

This role requires an individual who is adept at multi-tasking, with strong analytical skills, and the ability to work independently as well as part of a team. If you have a keen eye for detail and a passion for numbers, we would like to hear from you.