Assistant Controller

The Assistant Controller will be integral to the company’s financial operations, partnering with the Controller to oversee day-to-day accounting functions. This role will manage key areas such as financial reporting, compliance, cost analysis, and strategic initiatives. The Assistant Controller will be responsible for overseeing all financial aspects of four manufacturing plants, including budgeting, forecasting, and financial reporting. The position requires a deep understanding of manufacturing processes, cost accounting principles, and financial management in a fast-paced environment.

Responsibilities 4. Inventory Management: 5. Strategic Planning and Decision Support:

• Financial Planning and Analysis:
• Assist in the preparation of the annual operating budget.
• Prepare financial forecasts, variance analysis, and maintain weekly and monthly performance metrics to support strategic decision-making.
• Cost Accounting and Analysis:
• Support the implementation of a new cost accounting system to accurately track manufacturing costs, including direct materials, labor, and overhead.
• Provide insights into product profitability, pricing strategies, and cost control measures.
• Conduct detailed analysis of cost variances and recommend opportunities for cost savings.
• Financial Reporting and Controls:
• Prepare and present monthly, quarterly, and annual financial reports for management, ensuring timely delivery and accuracy.
• Ensure compliance with all regulatory requirements and internal financial policies.
• Collaborate with internal and external auditors to support audits and reviews.
• Monitor the integrity of financial records to ensure compliance with internal and industry standards.
• Lead inventory valuation and reconciliation processes, ensuring accuracy and timeliness.
• Work closely with procurement to monitor inventory levels, manage aging, and address potential obsolescence. Provide recommendations to optimize inventory and reduce excess costs.
• Assist in financial analysis and scenario modeling to evaluate the financial impact of business decisions.
• Provide financial insights on the Profit and Loss (P&L) statement to enhance understanding of operational performance and drive business growth.
• Process Improvement and Systems Enhancement:
• Lead or participate in continuous improvement initiatives to optimize financial processes, controls, and systems.
• Identify and implement best practices in financial management to streamline operations and increase efficiency.
  
  

Qualifications

• Bachelor’s degree in Accounting, Finance, or a related field; CPA or CMA certification preferred.
• Minimum of five years of progressive experience in finance or accounting, with at least 3 years in a manufacturing environment.
• Strong knowledge of cost accounting principles, manufacturing processes, and inventory management.
• Proficiency in financial planning and analysis, budgeting, and forecasting processes.
• Excellent analytical skills and problem-solving abilities with the capacity to interpret complex financial data and provide actionable business insights.
• Advanced proficiency in Excel and experience with ERP systems (e.g., SAP, Oracle, or similar).
• Excellent communication and interpersonal skills with a collaborative approach to cross-functional teamwork.
• Proven track record of driving process improvements and implementing best practices in financial management.
• Detail-oriented with a high level of accuracy, compliance, and commitment to financial integrity.