What are the responsibilities and job description for the Assistant Controller position at Hoffman & Hoffman Inc?
Job Description
Job Description
Job Title : Assistant Controller
Reports to : Controller
FLSA Status : Non-Exempt
Position Purpose : We are seeking a detail-oriented and experienced Assistant Controller to join our finance team. This role will support the Controller in overseeing accounting operations, ensuring compliance with GAAP, and managing financial reporting. A key responsibility will be handling Percentage of Completion Accounting, making this an excellent opportunity for professionals with experience in project-based revenue recognition. This position requires an individual that has a desire to serve both internal and external customers with the ability to manage multiple priorities with deadlines while maintaining confidentiality and attention to detail. The company continues to show steady growth, and the Assistant Controller is required to have a strong focus on the continues improvement of processes and controls.
Employment at Will : Nothing herein is intended to create a contract of employment or to guarantee employment for a definite duration.
Duties and Responsibilities :
- Oversee and review the Percentage of Completion Accounting process, ensuring accurate revenue recognition for long-term projects.
- Supervise, coach, and develop direct reports, setting clear expectations, providing regular feedback, and conducting performance evaluations.
- Account for 80% owned -joint venture operation that utilizes percentage of completion accounting.
- Analyze project costs, estimated completion percentages, and revenue recognition calculations.
- Collaborate with project managers and finance teams to ensure accurate reporting of work-in-progress (WIP).
- Monitor variances between actual and estimated costs, adjusting financial forecasts accordingly.
- Ensure compliance with ASC 606 (Revenue Recognition) and company policies.
- Analyze monthly general ledger activity, journal entries, accruals, and reconciliations to various accounts to ensure they are recorded appropriately
- Assist in the preparation of monthly, quarterly, and annual financial statements in compliance with GAAP.
- Work closely with senior accountants and staff, providing support and direction on complex accounting matters.
- Maintain the general ledger and ensure proper classification of accounts.
- Support the month-end and year-end closing processes, including journal entries and reconciliations.
- Prepare various account reconciliations and assist with the balance sheet analyses and other financial reports during month end close process
- Assist in preparing budgets and financial forecasts.
- Analyze financial performance and provide insights for cost control and efficiency improvements.
- Support cash flow management and reporting.
- Maintain various spreadsheets to support financial transactions and analyses of various expenses
- Direct finance responsibility and oversight of subsidiary ledger
- Offers suggestion about resource utilization, streamline processes, etc.
- Assist in quarterly reporting requirements
- Assist with preliminary and year-end audits
- Involved in other accounting and financial projects as assigned
- Contribute to Team Effort by leading by example; initiating an open and positive attitude; coordinating all the above tasks for the company in a professional manner
Position Requirements :
Physical Demands :
This job description is intended to provide information regarding the essential functions and basic duties of this position. It is not intended to be construed as an exhaustive list of all functions, responsibilities, skills, and duties that could be assigned. Additional functions and requirements may be assigned by management as it deems appropriate. This document does not constitute a contract and is subject to change at the discretion of Hoffman & Hoffman, Inc.
