The Controller is responsible for timely and accurately closing the books for the largest legal entity within the organization. The role is responsible for financial reporting, establishing, and maintaining the control environment supporting production and aftermarket activities and delivering shared services for AP, AR and Payroll in North America. The individual in this role is often asked to support development, validation, and implementation of new procedures/reporting by the corporate team.
Duties and Responsibilities:
Month End Close
- Coordinate legal entity closing process
- Establish/communicate deadlines
- Perform Revenue recognition review & documentation
- Review entries for completeness & accuracy
- Ensure compliance with company policy & US GAAP
- Analyze balance sheet accounts for accuracy
- Coordinate cross functional pre-close review
- Ensure entity results are loaded to consolidation system accurately and at appropriate level of detail
- Support analysis of variances to Plan/prior year
Planning
- Lead legal entity planning process
- Establish and communicate detailed planning schedule
- Develop tools for efficient building, review and loading plans to consolidation software and ERP system
- Forecasting of all employee costs – direct, indirect and SG&A, hourly, salary & fringe
- Prepare detailed balance sheet in accordance with corporate planning requirements
- Develop CAPEX plan, cashflow and priority ranking
- Support regional and local analysis and bridges
Control Environment
- Establish and maintain legal entity control environment
- Ensure compliance with company policy and USGAAP
- Work with auditors and corporate finance team to establish key controls for SOX reporting
- Act as control owner for assigned controls and ensure other control owners are executing their roles effectively
- Primary contact for all audit activity, ensuring all participating functions are aware of obligations and deadlines
- Review all deficiencies and coordinate remediation, communicate issues to local leadership
- Ensure accuracy and integrity of systems & reports required for successful administration of controls
- Establish and maintain approval authority and ensure proper segregation of duties
Functional leadership
- Provide direct first level management/support for Shared Services (AP/AR/Cash), G/L and Payroll
- Ensure all internal and external reporting obligations are met timely and accurately
- Ensure systems employed by teams are secure and reporting/analytical tools used are accurate and efficient
- Support the functions in problem solving and process development/enhancement
- Support the staffing and personnel development of team in each function
- Foster environment of continuous improvement
Financial Reporting
- Ensure ERP and supporting systems design captures required information to meet all internal and external reporting obligations of the legal entity
- Input to corporate consolidation tool/process
- Input to corporate tax packages
- Requirements for state & local tax filings
- Reporting related to borrowing or special project financing/grants
- Management reporting to include P&L, BS and cash
- Special reporting requirementsrequests
Project leadership
- Provide financial and business leadership for legal entity projects
- Support development of project plans/charters
- Establish financial control and reporting requirements
- Develop capable team members from Finance and monitor tools/techniques used in support projects
Required Skills/Abilities:
- Must be knowledgeable in use of Microsoft Office products including Word, Access, Excel and Outlook
- Experience in an ERP system (Baan) Purchasing, MRP planning & Inventory; EPMX quote system, Lotus Notes
- Strong communication skills for internal/external customers
- Month end close
- Financial Planning
- Control Environment
- Functional and Project Leadership
- Financial Reporting
- People Management
Required Education and Experience:
- Must have a Bachelor’s Degree in Accounting/Finance
- Must have eight (8) to ten (10) years’ experience in Accounting/Finance
Preferred Education and Experience
- Hands-on experience with one of the major ERP systems and consolidation software strongly preferred.
- Must have a CPA certification/licensing
To apply for this job email your details to jim@colonialgrp.com