Controller

Job Description

 

Position:  Controller                                                   Department:  Finance

Reports to:  President                                                FLSA Status: Exempt

Summary of Position

Under the direction of the President, this position is accountable for all financial aspects of the Company, including plant operations, financial forecasting, planning budgeting and financial control systems.  The Controller will support the President in achieving plant performance metrics including revenue, gross profit and margin, inventory turns, capital forecasting, receivables, payables and payroll. This position does not have any direct reports.

 

Primary Duties and Responsibilities

Strategy & Development

• Maintains an internal control checklist (separation of duties) related to enterprise-wide risk management.

• Establish, monitor and enforce effective controls safeguarding corporate assets.

• Analyze strengths and weaknesses within the financial control systems.

• Guide financial decisions by establishing, monitoring and enforcing policies and procedures.

 

Financial & Budget

• Responsible for analyzing the financial ramifications of plant operations from the costing of raw materials to the pricing of final products. 

• Coordinate with the President in designing an annual budget; responsible for the month-to-month implementation and audit of said budget throughout the fiscal year. 

• Responsible for Accounts Payable process.

• Responsible for weekly Payroll processing and journals.

• Coordinate closely with the Director of Air Logic and the Director of Innovation & Technology to balance the cost of operations with the marketability and profit of the end product.

• Provide financial information to the Company Board of Directors.

• Provides advice and counsel to the President to ensure the optimum performance of the plant.

• Responsible for all costing/inventory transactions including standard cost review and manufacturing variances.

• Collect and interpret financial data to influence, recommend or persuade management team to implement and improve cost productivity programs within their area of responsibility.

• Implements and drives programs that control the company’s financial risk consistent with direction provided by the President and Board of Directors.

• Prepares and submits month-end close and management reports.

• Prepares financial projections and plant status reports.

• Conduct formal meetings with President and staff.  Develop and publish a formal agenda and recap with actions to be taken.

• Develop, implement and monitor systems to control the operation costs of the company.

• Monitors product line costs to assess profitability.

• Directly responsible for monthly forecasting and Key Performance Indicators (KPI) reporting.

• Ensure financial controls/procedures are in place and adhered to for continuous improvement.

• Perform balance sheet account reviews on accruals and reserves.

• Project work as assigned by the President or Board of Directors.

 

Information Technology

• Responsible for the overall Financial Information Technology system.

• Supporting network databases and systems including implementation and maintenance of Global Shop (Enterprise Resource Planning software).

• Make recommendations for updates on hardware and software to minimize network downtime and cyber security risks.

• Assist in supporting all data security and optimization.

• Train or designate a trainee to assist team members on the business’s information systems.

 

Relationship Management

• Work as part of the Management team to collaborate on ideas and improve operations; recommend, support and implement continuous improvement activities to drive increased levels of human resource effectiveness.

• As an individual contributor, ensure that plant-wide financial initiatives have high levels of plant-wide engagement.

• Stay current and up to date on any changes that may affect the supply and demand of needed products and materials and advise others of any impact.

• Contribute to new business initiatives and projects; review and communicate the impact on manufacturing activities.

Minimum Education & Experience Requirements

• Bachelor’s Degree in Accounting or Finance; Master’s degree or CPA preferred.

• Minimum of five years’ managerial/cost accounting or manufacturing financial experience.

• Thorough understanding of Key Performance Indicators & Continuous Improvement Operational Excellence initiatives.

• Must have strong analytical skills and proven IT aptitude.  

 

Required Values

• Considers multiple factors (Safety, Quality, Delivery, Cost & Inventory) when making recommendations/decisions

• Demonstrates high levels of positive energy and enthusiasm and a willingness to take on new challenges, responsibilities and assignments - strives to go beyond what is expected

• Projects a professional image in appearance, communication, and behavior even during times of stress, instills trust and is open, honest and approachable

• Seeks and takes advantage of opportunities to learn from others and share own knowledge so others may benefit

• Involves and informs others as appropriate in identifying issues, problems, opportunities and developing solutions

• Acts and communicates in an ethical and truthful manner, leading by example and earning the respect and trust of co-workers, customers, and other stakeholders

• Effective problem solving and critical thinking skills​

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