The Timken Company

Controller

The Timken Company$130K — $160K *
Manufacturing & Automotive
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Business - Accounting/Finance required
  • 8+ years of experience in finance/accounting roles
  • 5+ years of Plant Controller experience
  • Master's degree in Accounting/Finance or MBA preferred
  • CPA or CMA certification preferred
  • Experience with large ERP & forecasting systems, especially Epicor and OneStream
  • Manufacturing sector experience, multi-site experience preferred

Responsibilities

  • Partner with the Business Manager to drive financial performance
  • Lead and mentor the finance team in diverse accounting functions
  • Create and oversee annual operating and capital budgets
  • Align annual financial plans with corporate objectives
  • Ensure timely financial reporting and implement corrective actions as needed
  • Develop processes for accurate and comprehensive financial transactions
  • Coordinate audits and ensure compliance with SOX and internal controls

Benefits

  • Opportunity to impact financial performance at a management level
  • Collaborative team environment within the plant's management
  • Continuous improvement culture that encourages professional development
  • Involvement in high-level decision-making and strategic planning
  • Exposure to multi-site manufacturing finance operations
Full Job Description
This role is responsible for the accuracy and integrity of all financial information for Bearing Inspection Inc. (Bii) - Los Alamitos. As a critical member of the plant's management team, the Plant Controller is responsible for driving the financial performance and ensuring that economic rigor is applied to the decision-making process. This includes efforts to reduce invested capital, improve cash flow, and drive continuous improvement in cost and productivity. Essential Responsibilities • Serve as a partner to the Bii Business Manager and their respective teams to drive business performance to meet company objectives. • Lead, direct, and coach the Bii finance team in all functional activities, including general accounting, job cost accounting, inventory validation, accounts payable, customer collections & credit, and payroll. • Create annual operating & capital budgets, plans and forecasts consistent with strategic objectives and company's standards and protocols. This includes providing oversight and input over the development of the sales budgets. Also includes inputting and updating budget & forecast data into OneStream as needed. • Define annual financial plans and forecasts in alignment with the corporate finance processes and direction and consistent with the strategic business objectives. • Lead the finance team to produce accurate and timely recording and reporting of financial statements and business results and recommendations and implementation of corrective action as appropriate. • Lead the efforts to create accurate, timely and effective processes and systems to record accounting transactions for the business (P&L, Working Capital, Balance Sheet, Capex and Cash Flow) including supporting functions of Plant Accounting, A/R and A/P. • Lead the effort to create accurate and effective processes to provide financial analysis to understand cost and margin performance to support varying business needs and initiate corrective actions where necessary. • Coordinate all audit, internal controls and SOX compliance activities with corporate and local governments when applicable. • Adherence to US GAAP and Sarbanes Oxley to support external public company financial reporting requirements. • Drive a performance and talent management culture within finance and accounting departments to meet objectives and establish a continuous improvement culture. • Coordinate and oversee timely and accurate month-end close process of the finance teams including the uploading of month-end financial data into OneStream. • Review and approve account reconciliations monthly in Blackline. • Prepare slides for budget & monthly business performance meetings. • Develop annual burden rates for both businesses. • Provide oversight & support for annual physical inventory counts. Investigate and recommend process improvements as a result of any large book to count adjustments. • Collaborate on significant customer and vendor contract negotiations as needed. • Prepare capital spending justifications Key Attributes • Bachelor degree in Business - Accounting/Finance and 8+ years experience • Master of MBA-Accounting/Finance preferred • 5+ years of Plant Controller experience • CPA/CMA Preferred • Full scale accounting knowledge (financial reporting, internal controls, budgeting, processes) • Large ERP & Forecasting Systems experience preferably Epicor and OneStream • Self-starter with ability to work independently • Adaptability and willingness to wear multiple hats • Manufacturing experience required with multi-site experience preferred Pay Range: $130K - $160K

About The Timken Company

The Timken Company is a global manufacturer of bearings and power transmission products. It operates through two segments: Mobile Industries and Process Industries. The Mobile Industries segment offers bearings, seals, lubrication systems, and related products and services for truck, rail, and other mobile applications. The Process Industries segment provides bearings, power transmission components, and related services for industrial markets, including heavy and general industrial, energy, and food and beverage. The company was founded in 1899 and is headquartered in North Canton, Ohio.
Learn more about The Timken Company
Size
18,029 employees
Market Cap
$5.1 billion
Industry
Net Income
$284.5 million
Founded
1899
5 Year Trend
+9.1%
Revenue
$3.5 billion
NASDAQ

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