The Controller is an integral member of the executive management team and is involved in issues affecting the entire Business Unit. The Controller’s role is not limited to financial issues, thus he/she is expected to be a major contributor to the development and execution of the unit’s annual Business Plan. In this role, the Controller must be an agent for change, collaborating on Operational Excellence initiatives (via Lean Thinking, Six Sigma, etc.) throughout the organization, focusing the Business Unit on its customers, pricing and profitable sale growth.
Principle Duties (includes, but is not limited to):
- All activities and control of the financial management to include but not limited to safeguard Business Unit assets, ensuring compliance with corporate policies, Internal Audit’s Self-Audit Procedures, financial controls, and applicable laws and regulations, working capital management, accounting and credit systems. The Controller must maximize resources available to facilitate decision-making on financial issues, provide timely and accurate information on financial and other resource issues. This includes the review and approval of any financial arrangements, agreements etc. being considered by the Business Unit.
- Providing financial leadership to the team in preparing the annual plan, quarterly forecasts and comparison of actual or forecasted performance to Plan, Forecast, or prior periods as requested. Complete all necessary related reporting as directed and ensure that the Plans and Forecasts are both realistic and meet investment return objectives.
- Performs variance and financial analysis as requested to support the Quarterly MDA Report, Monthly Financial Operations Report, etc.
- Leads, motivates and develops talent within the organization including, but not limited to, immediate direct reports by coaching, counseling, engaging and evaluating associate performance.
- Ensure proper financial controls, systems and decision tools are in place and used focusing on strategic procurement plans and cost reduction initiatives.
- Financial calculations and representations in expense requests, disposals and capital expenditure requests.
- Responsible for all daily, weekly and monthly financialreporting generated locally as necessary.
- Prepares and transmits letters of credit documents to Corporate Treasury.
- Establish labor and overhead standards while working with manufacturing engineering and purchasing to set all product standard costs and ongoing cost estimates. Review quotations over a certain threshold to include cost estimations. Ensure good quotation cost estimation tools are in place and utilized.
- Responsible for all cost accounting activities to include but not limited to purchase order price variances, labor variances, work-in-process, inventory tracking, and labor collection/shop floor control systems. Product cost analysis and detail product and job cost review with manufacturing and value stream teams in an effort to control costs and lead cost reduction initiatives.
- Analyze backlog for valuation and aging accuracy and ensure that its cost is correctly estimated.
- Coordination of the physical inventory per the inventory instructions. Prepare the inventoryvaluation and reconciliation – book to perpetual for both the month end and the annual physical inventory. Leads the cycle counting program and ensure that the program is understood and properly executed through audits. The goal is 95% or higher inventory accuracy measured by part numbers counted.
- Proper estimation of warranty exposure and reserve requirements.
- Ensure proper safekeeping and supervision of the petty cash account.
- Otherfinance/accounting duties as assigned.
Essential Qualifications / Experience:
- Bachelor’s Degree in Business is desirable with Accounting and Finance preferred.
- 7 to 10 years of progressive finance and accounting experience, with 2+ years managing finance team
- Experience in all aspects of financial management including accounting, budgeting, planning, internal controls and analysis is desired.
- Experience in business management software systems is desirable.
- Cost accounting and bill of material/routings skills developed in manufacturing environments.
- Manufacturing experience with Lean Enterprise Systems, Six Sigma, and/or Supply Management is highly desirable.
- Advanced proficiency with Excel is required.
- Willingness to travel when necessary (less than 10%).