Mary Jacobs

Senior Accountant @Manheim by Cox Automotive

Atlanta, GA, US

A subsidiary of Cox Enterprises, Manheim has employees in 106 operating locations around the globe. and is the world’s leading provider of vehicle remarketing services.Rejoined Manheim to assist with a significant reconciliation project for Manheim Digital Marketplace (MDM). At the time, MDM had experienced significant turnover and was undergoing transition from operating as a Product entity with Non-Auction procedures to an Auction entity and was now required to follow strict Auction financial procedures. The MDM Finance team required experienced Manheim Financial assistance to complete the project. Assisted with rapid reconciliation project identifying over $3 million in reconciling items and implementing sound accounting procedures. Was an integral part of the team that completed the project in 8 months ensuring that MDM moved from a Red compliance score in December 2013 to a green compliance score in each subsequent quarter. Managed the transfer of accounting responsibilities from Dealer Match to MDM.Developed and implemented arbitration procedures with new arbitration department. Manages accounting for arbitrations and handles Dealer customer service relating to arbitration payments. Facilitates the transfer of charges to sister auctions on vehicles that arbitrated and are to be resold at Auction.Balances the Sale at the end of the Sale week ensuring all payments to seller, payments from buyer and adjustments are accurately recorded, performing reclassifications, and, subsequently, posting entry to General Ledger (GL) to record the sale.Prepared Standard Operating Procedures to document Sale Close and Arbitration procedures.Performs month-end duties to ensure the production of accurate financial statements by preparing and posting journal entries, reconciling GL accounts and performing financial analysis. Financial analysis also performed to give the Executive team insight into performance for the respective month.