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Accounting Ledger Analyst

at Lamex Foods Inc.

cutchtoldus

- Minneapolis, Minnesota

- 8/3/20
Job/Career Demand
4.0
Positive Impact
4.0
Satisfaction
3.5
Advancement/Growth
4.5
Creativity
3.5
Work-Life Balance
3.5
Compensation & Benefits
4.5
Work Environment
4.0
Years of experience
4.0
Recommended Education
Bachelor's Degree

Describe the path you took to become a accounting ledger analyst

I graduated from The University of St. Thomas with a business entrepreneurship degree. From there, I took a job at Wells Fargo Global Funds Services, where I worked as a back-office stock trader for a couple of different companies out east. From there, I took a staff accounting role with Lamex Foods and have been with the company for 4 years. In the past couple of years, my role has changed dramatically and has not been a traditional transition that you would see with most accounting departments. I was able to prove myself early in my staff accounting role and was quickly promoted to a Ledger Analyst within my first year with the company. My role in my current position has also changed from when I was first promoted and most likely will continue to change as the world changes around us.

What's a day in the life of a accounting ledger analyst?

My day to day tasks will range based on trends in the markets and time of the month/year. Every morning I am responsible for working with my accounts payable department to have wire payments reviewed, processed, and approved for release. I oversee our foreign exchange contracts and work with our sales staff in acquiring and managing our FX (foreign exchange) exposure, which will fluctuate with market volatility. Recently I have been involved with the startup of our Mexico entity and assist in the decision making process as it pertains to future strategies. This scenario is not something that everyone in this position finds themselves doing but is an opportunity that I have had arise over the past year. Weekly I am responsible for reconciling inventory, bank accounts, and customer accounts, which feed into reports for our sales staff and account managers. We perform similar activities on a monthly and bi-annual basis for higher lever reporting and overall business performance metrics. Overall, Lamex is a company that will give back to those that show up and work hard on tasks that are put in front of them. My role is not a traditional accounting role and can change from day to day based on what is happening in the market/business itself.

What's the best part of being a accounting ledger analyst?

There are many opportunities out there in the world, and finding something that fits with your lifestyle is not only important, but it is essential. You may not find this on your first try, but gaining experience and understanding what it is that you do like about a role is just as important as understanding what you don't like. Very few people have a job that they absolutely love, but finding a position in a company where you can expand your own personal knowledge is a huge take away I have found. This may not be a position that I will do for the rest of my life, but it is a position that has allowed me to grow within the company and take away life lessons that will help guide me through my future endeavors.

What's the downside of being a accounting ledger analyst? Words of caution?

What I have learned over my 4 years of working in the food industry is that the commodities world is a fast pace and hectic market. We work on the basis of large quantities and small margins, so every dollar counts, and if you take your eye off the ball for a minute, it could affect the business in a big way. There are different laws and ways of life that come up in every corner of the world; this was incredibly eye-opening to me as I learned about the different businesses we were dealing with within our company as a whole. Doing your homework and listening to those that have been working in the space before you is critical to cut down on unnecessary costs and finding the most profitable path forward.

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