What are the responsibilities and job description for the Controller position at Kranz & Associates?

Job Description

Location : Crestview, Florida (Relocation Assistance Available)

Position Overview :

The Corporate Controller will assume a critical leadership role, overseeing the company’s finance and accounting functions across both sites. Reporting directly to the CFO, the Corporate Controller will ensure timely and accurate financial reporting, including month-end close, budgeting, forecasting, and strategic financial analysis. The Controller will own the Weekly Cash Flow process and Forecast. The role also involves overseeing the consolidation of finance functions into a unified HQ-level operation to drive efficiency, increase productivity, and reduce costs. A strong technical background in US GAAP, particularly ASC 606 and ASC 605 revenue recognition, is required. Leadership experience and expertise in manufacturing ERP systems and intercompany eliminations will be essential. This role also requires a strong understanding of US government accounting, FAR, CAS, and TINA compliance, including the preparation and management of FPRP packages.

Key Responsibilities :

Financial Reporting & Accounting : Lead the preparation and timely filing of accurate financial statements in compliance with US GAAP, ensuring proper treatment of revenue recognition under ASC 606 and ASC 605, and developing Estimate at Completion (EAC) models.
Budgeting & Forecasting : Develop, manage, and execute the company’s annual budgeting process and periodic forecasting to support strategic decision-making. Provide variance analysis and insights to management.
Revenue Recognition & Contract Accounting : Oversee ASC 606 and ASC 605 compliance for contract accounting, ensuring that revenue is recognized appropriately. Manage the development of EAC models for cost and revenue recognition under government contracts.
Intercompany Eliminations & Consolidations : Ensure proper elimination of intercompany transactions for both Profit and Loss (P&L) and Balance Sheet and manage financial consolidations across two manufacturing sites.
ERP Systems & Process Improvement : Oversee the implementation and effective use of manufacturing ERP systems for financial reporting and cost accounting. Drive continuous improvement (Kaizen) and LEAN initiatives within the finance and accounting function to increase efficiency, reduce costs, and enhance productivity.
Leadership & Team Development : Lead and mentor a team of finance and accounting professionals, ensuring they have the tools and support necessary for success. Foster a culture of continuous improvement and accountability.
Compliance & Risk Management : Ensure compliance with US government accounting regulations, including FAR, CAS, and TINA. Manage and prepare FPRP (Forward Pricing Rate Proposal) packages and support contract audits and reviews by DCMA and customers
Executive Collaboration & Reporting : Work directly with the CFO and C-Suite executives to provide actionable financial insights with a sense of urgency, including the preparation of weekly and monthly reporting packages to facilitate strategic decision-making.

Required Qualifications :

Education : Bachelor’s degree in Accounting, Finance, or a related field. CPA required.

Experience : Minimum of 8 years of accounting and finance experience, with at least 3 years in a leadership position, preferably in aerospace, defense, or manufacturing environments.

Technical Skills : Strong experience with US GAAP, ASC 606 and ASC 605, intercompany eliminations, and financial consolidation. Advanced Excel skills, including proficiency with pivot tables, complex formulas, data consolidation, and large data set manipulation.

Manufacturing ERP Systems : Proven expertise in using manufacturing ERP systems for financial reporting, inventory management, and cost accounting.

Leadership : Demonstrated ability to lead and mentor finance and accounting teams, drive continuous improvement (Kaizen), and manage cross-functional collaboration.

Government Accounting : In-depth understanding of US government accounting standards, including FAR, CAS, and TINA, and experience managing FPRP packages.

Interpersonal & Communication Skills : Excellent communication, problem-solving, and interpersonal skills, with the ability to interact effectively with C-Suite executives, the operating team, and external stakeholders.

Travel : Willingness to travel approximately 20% of the time.

Preferred Qualifications :

Familiarity with multi-site financial consolidation and reporting.

Experience in driving LEAN and process improvement initiatives within finance and accounting functions.

Familiarity with cost accounting in manufacturing settings.

Eligible to work in the United States

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