FBG Services Payroll Accountant

Organization Overview

FBG Services, LLC (FBGS), is a shared services company owned by Flagg Bicycle Group, LLC, that contributes to the operational performance of the operating businesses within the holding company.

Position Overview

The FBG Services Payroll Accountant supports the holding company and its operating businesses by executing centralized payroll processes, as well as defined general accounting, tax, and compliance activities.

The FBG Services Payroll Accountant reports to the FBG Services Accounting Manager, and works with leadership from operating businesses (Accounting, Human Resources, etc.).

Primary Duties and Responsibilities

Payroll Processing, Contractor Reporting

• Completion of biweekly payroll activities for all businesses (5)
• Manage child support and garnishment requests
• Complete payroll tax setup, updates, and filings, partnering with UKG
• Coordinate notices with UKG (or HRIS contributors), ensuring timely resolution
• Assist with tax workpapers and preparation of 1099 forms, W2s, etc.

Financial Accounting

• Preparing financial statements, journal entries, and account reconciliations
• Completing and supporting month-end and year-end close activities ensuring timely close according to Close Calendar
• Assist the Accounting Manager with preparation of budgets and cashflow
• Preparation of intercompany, solar, and management fee billings
• Preparation of healthcare insurance billings, annual true up, and per member fee calculation
• Execution of fixed asset reporting and tracking for companies
• Identify clean-up of billings amongst the affiliate entities and make recommendations

Tax and Compliance

• Coordination of sales, excise, and GST tax filings with 3rd party vendors and preparation internally when needed
• Assist with the 401k audit and non-discrimination testing as needed
• Preparation and filing of annual foreign bank account reports and beneficial owner paperwork to FINCEN
• Own timely filing of periodic Secretary of State and other corporation reports and surveys

Other Contributions

• Support monthly, quarterly, and annual consolidated financial reporting activities
• Assist the Accounting Manager with the preparation and storage of accounting policies
• Assist with future Flagg Bicycle Group Acquisitions
• Facilitate business valuations with 3rd party vendor
• Assist Accounting Manager with insurance or workers comp audits as needed
• Support with tax audits as needed
• Perform other duties and responsibilities as required, assigned, or requested

Role Requirements

• Ability to work from the Bloomington, Minnesota office at least two days per week
• Associate’s or Bachelor’s degree in Accounting
• Two years of experience in payroll, accounting, and/or financial reporting
• Strong proficiency in Microsoft Excel
• Experience and proficiency in financial reporting applications. Preferred applications include Vena, Prophix
• Demonstrated discretion and sound judgment in handling confidential corporate, shareholder, employee, trust, and family financial information

Preferred Qualifications

• Experience in a privately held holding company, family-owned enterprise, family office, or shared-services organization
• Experience using ERPs in the execution of accounting activities. Preferred applications include QuickBooks, Sage, NetSuite
• Experience with modern payroll/HR tools. Preferred applications include UKG/Kronos, ADP

Success Indicators

• Self-starter, driven, and able to work independently
• Adaptability and resilience in an environment that leans into change
• Comfort communicating to and/or engaging with stakeholders at all levels of the organization, as well as shareholders

We welcome talent from all backgrounds and encourage employees to bring their authentic selves to work. We do not discriminate based on race, color, religion, national origin, sex (including pregnancy and related conditions), sexual orientation, gender identity or expression, age, veteran status, disability, genetic information, political views or activity, or any other protected characteristic.