Controller

Description

Position Summary: The Controller will assist management with the Company’s Finance organization and have overall responsibility for the accuracy of the recording of transactions, safeguarding of assets, the financial close and monthly reporting process, financial analysis, and other related matters. The Controller will report directly to the Chief Financial Officer and supervise the daily operations of the accounting team.

Essential Duties and Responsibilities:

MANAGEMENT

• Reviews expenses of other departments making recommendations for cost improvements as needed.
• Works with Credit Manager to oversee credit policy; regularly reviews open credit balances and accounts utilizing letters of credit; conducts reviews of A/R aging with Credit Manager.
• Oversees payroll and employee defined benefit plan ensuring that systems are functioning properly and reporting and compliance requirements are met and that payments, tax information, benefits information and other accounting information is properly distributed.
• Oversees systems and individuals in Accounts Payable to ensure authorized vendors are paid timely and invoices are properly approved and recorded.
• Manages sales commission calculation and payment process.
• Maintains fixed asset cost records; supervises depreciation calculations to ensure compliance with GAAP and tax regulations.
• Manages D&B relationship; monitors reports and provides updates as needed, disputes negative payment reports when appropriate.

ACCOUNTING

• Reviews all general ledger entries and reconciliations, prepares adjusting entries as needed and manages the control and reconciliation processes for the general ledger and financial reporting.
• Assists with the preparation of the  company’s budget and its regular and prompt  reporting and analysis of variances.
• Assists with annual financial audit support and provides explanations and interpretation as needed.
• Oversees inventory costing and procedures for physical counts; directs policies for write-offs of obsolete stock.
• Assists with research of technical accounting issues for compliance.

 REPORTING

• Assists with the preparation of monthly and annual financial statements including narrative of financial results and metrics for CFO and senior management.
• Manages and reviews various sales and bonus reports for regions and sales representatives.
• Manages preparation of ad hoc sales, cost, and product reports as needed by company department heads.

TAX

• Gathers information and coordinates activities of outside accountants pertaining to tax filings for estimated and final payments for the tax returns of the company and shareholders as well as for Company affiliates.
• Manages year-end distribution of payroll W-2 forms and 1099 forms to independent contractors.
• Manages required property tax filings, and the maintenance of the associated records.
• Manages the reporting and payment of sales & use tax and franchise tax.
• Manages registration, reporting, filing, and payment of related taxes for other state and local  jurisdictions as required.

TREASURY

• Projects cash position of the company to ensure optimal cash levels and liquidity; acts as primary liaison with banking contacts.
• Prepares financial statements and other required schedules to banks and ensures all loan covenants are maintained favorably. Assesses loan requirements and reviews with CFO, CEO and banking officers.

OTHER

• Periodically assists with update of product pricing.
• Assists CFO with special projects and assignments as needed, including outreach and joint undertakings of significance involving Operations and Manufacturing

Qualifications

Knowledge, Skills, and Abilities:

• Thorough knowledge of accounting principles and procedures
• Manufacturing ERP systems experience preferred
• Proficiency with Microsoft Excel, Word, and PowerPoint
• Good written and verbal communication skills

Education and Experience:

• Bachelor’s Degree in Accounting, Business, or Finance from well regarded, accredited college or university
• 7 years of progressive experience in accounting or finance department and 4 years supervisory experience (prior work with Big Four accounting firm a plus)
• Experience with general ledger functions and month-end/year-end close process
• 3 years of public accounting experience

Working Environment:

• Smoke free workplace

Lucifer Lighting Company is an equal opportunity employer