Position SummaryThe Plant Controller I is responsible for the oversight of the financial and accounting performance of a manufacturing plant. The Controller will provide business guidance and financial support for the plant by being a core member of the leadership team. The financial responsibilities include, but are not limited to, ensuring the accuracy of monthly results; performing financial analysis of monthly results; oversight and responsibility for financial reporting and system integration; plant capital spending and analysis; preparation, review and analysis of financial statements; preparation of budgets and forecasts as well as establishing and maintaining systems of good internal controls.
Location: This position is based in Point Richmond, CA.
Position Hours: Onsite Monday - Thursday 7:00 AM to 4:30 PM. Fridays are typically work from home 7:00 AM to 11:00 AM PST.
What You'll Do as a Plant Controller IFinancial Reporting and Analysis - 50%- Plan, direct, and administer the plant's financial accounting activities in accordance with company and financial group policies and objectives.
- Monthly, provide Group Controller and business management a recap of the actual results with a detailed analysis. This would include analysis, comparison to plan, major variances, and contributions to:
- Absorption (volume/mix)
- Variance analysis
- Capital spend reporting
- Inventory reporting
- Advise non-financial plant management on matters pertaining to accounting issues, revenue recognition, and expense management.
- Complete required forecasts - of all major absorption, capital and inventory categories. Identify and refine leading indicators for the business; identify trends; quantify impact.
- Monthly - update on current Quarter
- Quarterly - update on current Quarter and balance of year
- Drive forecast alignment and forecasting accuracy minimizing inventory levels, increase inventory turns, and improve customer service levels.
- Institute key metrics and reporting that measure the performance of the plant.
- Ongoing, identify opportunities or areas of financial underperformance, conduct an in-depth analysis and make appropriate recommendations.
- Initiate detailed action plans in cross-functional department teams to implement initiatives and proposals.
- Review and analyze costs for all key products and product lines.
- Analyze manufacturing variances and develop profit improvement initiatives.
- Analyze, identify, interpret, and correct target areas for improvement opportunities.
Business Strategy - 30%- Manage and direct strategy and planning requirements to ensure profitable growth on plant level activities and identify business opportunities.
- Primary responsibility to complete the annual financial plan for the business.
- This includes volume, expenses, capital and inventory.
- This plan is done in partnership with business unit management within corporate oversight and direction.
- Partner with 2key customers3 to identify and explore alternative methods to improve the operation such as kaizen events.
- Provide financial input and assist plant leadership n the preparation and analysis of capital projects that provide financial incentives (compelling value proposition) on existing operations.
- Assist in the design and development of any compensation plan, ensuring it drives the right behaviors and it is financially sound.
- Monitor and evaluate effectiveness of any incentive plan and make appropriate recommendations.
- Participate in product portfolio analysis; develop target cost and standard cost of proposed new product throughout project, monitor and report on metrics throughout project.
- Lead financial resource on any vendor acquisitions: preparation / review of financial case; participation in due diligence and integration.
- Support LEAN initiatives.
- Develop reports, monitoring systems, or action plans to support business activity or address new opportunities.
Duties - cont'dFinancial Controls - 20%- Ensure consistency of the financial reporting with Group and Corporate standards.
- Create and/or enhance processes and systems to pro-actively assess key financial levers, e.g. volume, inventory levels and cost control.
- Ensure proper accounting of expenses, as well as proper revenue recognition.
- Oversee internal controls within the plant; ensure Sarbanes Oxley compliance within the business unit.
- Be the 2financial 2conscience3 for the business, ensuring integrity of the systems, as well as appropriate allocation of expenses/revenue.
- Ensure financial review of all major contracts prior to signing, including terms, short-term and long-term profitability, and any potential exposure to the Company and recommended deletions, changes, or additions to the contract.
- Design and implement appropriate financial and operational reporting.
- Determine appropriate tracking mechanisms for cost savings and contract compliance.
The Experience, Skills and Abilities NeededRequired:- Bachelor's degree required.
- 10+ years of finance and/or accounting experience, including:
- Strong cost accounting expertise, including absorption analysis, overhead allocation, and variance analysis.
- Financial reporting and analysis experience, including development of key performance metrics.
- Strategic planning and strategy development experience.
- Direct responsibility for managing finance processes.
- Experience overseeing internal controls within a business environment, with a working knowledge of Sarbanes-Oxley (SOX) requirements.
Preferred:- Master's degree.
- CMA certification.
- Prior experience in a manufacturing environment with complex product lines and inventory.
- Oracle ERP experience or strong familiarity preferred.
Skills:- Strong problem-solving and issue resolution skills.
- Excellent analytical capabilities and strong business acumen.
- Advanced proficiency in Excel, Access, Word, and PowerPoint.
- Strong knowledge of manufacturing and operations accounting.
- Demonstrated ability to analyze business activities, interpret financial and operational results, and identify and implement corrective actions.
- Expert knowledge of accounting theory and the practical application of financial and accounting principles.
- Extensive experience with financial modeling and forecasting.
- Advanced spreadsheet and modeling skills are required.
- High proficiency with financial analysis software.
- Excellent interpersonal, organizational, written, and verbal communication skills.
- Ability to manage and prioritize multiple competing priorities in a fast-paced, time-sensitive environment.
- Ability to identify, understand, and accurately account for differences in generally accepted accounting principles (GAAP) across complex international operations.
- Strong project management skills.
- Proven ability to influence and partner effectively with business stakeholders.
What STERIS OffersWe value our employees and are committed to providing a comprehensive benefits package that support your health, well-being, and financial future.
Here is just a brief overview of what we offer:
- Market Competitive Pay
- Extensive Paid Time Off (PTO) and 9 added Holidays
- Excellent Healthcare, Dental and vision benefits
- Long/Short Term Disability coverage
- 401(k) with a company match
- Maternity & Paternity Leave
- Additional add-on benefits/discounts for programs such as Pet Insurance
- Tuition Reimbursement and continued educations programs
- Excellent opportunities for advancement in a stable long-term career.
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Pay range for this opportunity is $124,737.50 - $161,425.00. This position is eligible for bonus participation.
Minimum pay rates offered will comply with county/city minimums, if higher than range listed. Pay rates are based on a number of factors, including but not limited to local labor market costs, years of relevant experience, education, professional certifications, foreign language fluency, etc.
STERIS offers a comprehensive and competitive benefits portfolio. Click here for a complete list of benefits: STERIS Benefits
Open until position is filled.
