Job ID: req4947
Job Category: Corporate
Location: Hamel, MN, US
Job Title: Staff Accountant
FLSA Status: Exempt
Department: Accounting
Reports to: Manager, Financial Accounting
GENERAL DESCRIPTION / PURPOSE:
The Staff Accountant is responsible for general accounting support for Loram’s corporate accounting functions and assigned business segments. Primary responsibilities include preparation and posting of journal entries; analysis of assigned general ledger account activity; assistance with the month-end and year-end financial closings; and supporting the internal and external audit functions.
ESSENTIAL JOB FUNCTIONS:
Operational Excellence
- Preparation and posting of journal entries
- Preparation, analysis, and reporting of assigned general ledger account reconciliations
- Assists with monthly and year-end closings including processing assigned accruals and analysis of assigned business segment results
- Assists with capital expenditure administration process including fixed asset processing and reporting
- Assists with processing and administration of treasury management, technician labor reporting, and intercompany and expense reporting transactions across assigned business segments
- Assists with maintaining data integrity and code part hierarchy within the ERP system
- Coordinates efforts with the broader accounting teams including finance, tax, accounts receivable, accounts payable, cost, and payroll
- Prepares and maintains work procedures for assigned tasks
- Completes and assists with special projects and other duties as assigned
Compliance
- Assists with interim and year-end external audits related to areas of responsibility
Global-International
- Assists with the accounting and financial review for assigned global entities
REQUIRED QUALIFICATIONS:
Education: Bachelor’s Degree in Accounting or Finance
Experience: 3+ years related experience in Accounting
Knowledge, Skills and Abilities:
- Excellent communication and interpersonal skills
- Skilled in time management and the ability to prioritize tasks
- High level of accountability
- Excellent critical thinking and problem-solving skills
- Highly organized with keen attention to detail
- Strong aptitude of systems and software applications, with proficient skills using Microsoft applications
- A disciplined work ethic and advocate for Loram’s values, vision, and mission
PREFERRED QUALIFICATIONS:
Experience: US GAAP knowledge; Manufacturing work experience; Working with a complex structure of companies
Software: IFS, WebFocus, Dayforce, Cornerstone, OnBase, Concur, SharePoint, Workday Adaptive
WORKING CONDITIONS:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of the role. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Office deskwork, requiring sitting, walking, using phone & computer
- May lift up to 30 lbs. occasionally
- Travel up to 5%
Benefits for this role include a comprehensive package with company-sponsored medical, dental, and vision insurance; Health Savings Account (HSA) and Flexible Spending Account (FSA) options; wellness programs; basic life and AD&D insurance; voluntary life insurance; company paid short-term and long-term disability coverage; 401(k) retirement plan including an employer match of 150% up to the first 6% you contribute to the Plan; Employee Assistance Program (EAP); behavioral health support; and leaves of absence. Additional benefits include tuition reimbursement, payroll charity contributions, adoption assistance and optional plans such as legal, critical illness, and hospitalization.
Loram determines compensation based on factors such as skills, competencies, education, and/or experience. Certain positions may be eligible for an annual bonus and paid time off in addition to base compensation.
Starting pay for the position is between $54,103.68 – $67,629.60.
Loram is an Equal Opportunity Employer and will make all employment-related decisions without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, marital status, familial status, status with regard to public assistance, membership or activity in a local commission, protected veteran status, or any other status protected by applicable law
Revision: July 2025
Job ID: req4947
Job Category: Corporate
Location: Hamel, MN, US
DESCRIPTION
Job Title: Staff Accountant
FLSA Status: Exempt
Department: Accounting
Reports to: Manager, Financial Accounting
GENERAL DESCRIPTION / PURPOSE:
The Staff Accountant is responsible for general accounting support for Loram’s corporate accounting functions and assigned business segments. Primary responsibilities include preparation and posting of journal entries; analysis of assigned general ledger account activity; assistance with the month-end and year-end financial closings; and supporting the internal and external audit functions.
ESSENTIAL JOB FUNCTIONS:
Operational Excellence
- Preparation and posting of journal entries
- Preparation, analysis, and reporting of assigned general ledger account reconciliations
- Assists with monthly and year-end closings including processing assigned accruals and analysis of assigned business segment results
- Assists with capital expenditure administration process including fixed asset processing and reporting
- Assists with processing and administration of treasury management, technician labor reporting, and intercompany and expense reporting transactions across assigned business segments
- Assists with maintaining data integrity and code part hierarchy within the ERP system
- Coordinates efforts with the broader accounting teams including finance, tax, accounts receivable, accounts payable, cost, and payroll
- Prepares and maintains work procedures for assigned tasks
- Completes and assists with special projects and other duties as assigned
Compliance
- Assists with interim and year-end external audits related to areas of responsibility
Global-International
- Assists with the accounting and financial review for assigned global entities
QUALIFICATIONS
REQUIRED QUALIFICATIONS:
Education: Bachelor’s Degree in Accounting or Finance
Experience: 3+ years related experience in Accounting
Knowledge, Skills and Abilities:
- Excellent communication and interpersonal skills
- Skilled in time management and the ability to prioritize tasks
- High level of accountability
- Excellent critical thinking and problem-solving skills
- Highly organized with keen attention to detail
- Strong aptitude of systems and software applications, with proficient skills using Microsoft applications
- A disciplined work ethic and advocate for Loram’s values, vision, and mission
PREFERRED QUALIFICATIONS:
Experience: US GAAP knowledge; Manufacturing work experience; Working with a complex structure of companies
Software: IFS, WebFocus, Dayforce, Cornerstone, OnBase, Concur, SharePoint, Workday Adaptive
WORKING CONDITIONS:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of the role. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Office deskwork, requiring sitting, walking, using phone & computer
- May lift up to 30 lbs. occasionally
- Travel up to 5%
Benefits for this role include a comprehensive package with company-sponsored medical, dental, and vision insurance; Health Savings Account (HSA) and Flexible Spending Account (FSA) options; wellness programs; basic life and AD&D insurance; voluntary life insurance; company paid short-term and long-term disability coverage; 401(k) retirement plan including an employer match of 150% up to the first 6% you contribute to the Plan; Employee Assistance Program (EAP); behavioral health support; and leaves of absence. Additional benefits include tuition reimbursement, payroll charity contributions, adoption assistance and optional plans such as legal, critical illness, and hospitalization.
Loram determines compensation based on factors such as skills, competencies, education, and/or experience. Certain positions may be eligible for an annual bonus and paid time off in addition to base compensation.
Starting pay for the position is between $54,103.68 – $67,629.60.
Loram is an Equal Opportunity Employer and will make all employment-related decisions without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, marital status, familial status, status with regard to public assistance, membership or activity in a local commission, protected veteran status, or any other status protected by applicable law
Revision: July 2025
ABOUT
Loram Maintenance of Way, Inc. is a global leader in track maintenance technology, services, and solutions for the railway industry. For over 70 years, Loram has delivered industry-leading innovation through cutting-edge rail grinding, ballast maintenance, and inspection systems — ensuring safer, more reliable, and cost-effective rail operations for customers worldwide.
Headquartered in Hamel, Minnesota, Loram operates in multiple locations across North America and supports Class I, regional, and commuter railroads with a full suite of services. Loram is known for its strong engineering culture, commitment to safety, and dedication to improving the performance of rail infrastructure through advanced technology and field-proven expertise.
Join a company that moves the world — and builds the future of rail.
Job Title: Staff Accountant
FLSA Status: Exempt
Department: Accounting
Reports to: Manager, Financial Accounting
GENERAL DESCRIPTION / PURPOSE:
The Staff Accountant is responsible for general accounting support for Loram’s corporate accounting functions and assigned business segments. Primary responsibilities include preparation and posting of journal entries; analysis of assigned general ledger account activity; assistance with the month-end and year-end financial closings; and supporting the internal and external audit functions.
ESSENTIAL JOB FUNCTIONS:
Operational Excellence
- Preparation and posting of journal entries
- Preparation, analysis, and reporting of assigned general ledger account reconciliations
- Assists with monthly and year-end closings including processing assigned accruals and analysis of assigned business segment results
- Assists with capital expenditure administration process including fixed asset processing and reporting
- Assists with processing and administration of treasury management, technician labor reporting, and intercompany and expense reporting transactions across assigned business segments
- Assists with maintaining data integrity and code part hierarchy within the ERP system
- Coordinates efforts with the broader accounting teams including finance, tax, accounts receivable, accounts payable, cost, and payroll
- Prepares and maintains work procedures for assigned tasks
- Completes and assists with special projects and other duties as assigned
Compliance
- Assists with interim and year-end external audits related to areas of responsibility
Global-International
- Assists with the accounting and financial review for assigned global entities
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About the area
Find out more about Hamel, MN
Loram is an Equal Opportunity Employer and will make all employment-related decisions without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, marital status, familial status, status with regard to public assistance, membership or activity in a local commission, protected veteran status, or any other status protected by applicable law.
Loram is committed to protecting the identity and personal information of any potential employee. Loram applicants will only be contacted by Loram employees with an authentic Loram email address ending in @loram.com. We encourage you to verify the identity of any individual who claims to be a member of the Loram team by confirming the email address is @loram.com with no additional characters or letters. We will never request financial information or a financial commitment as part of the recruitment process. If you have a question about the authenticity of any communication claiming to be from Loram, please contact loramrecruiting@loram.com. Reports can be submitted online at www.loram.ethicspoint.com or by calling 1-844-635-4640.
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