What are the responsibilities and job description for the Financial Controller position at Mitsubishi Power Aero?
CONTROLLER
Mitsubishi Power Aero LLC, Glastonbury, CT
Reporting to the Mitsubishi Power Aero Chief Financial Officer, the Controller is responsible for all accounting operations, including the production of periodic financial statements, maintaining an adequate system of accounting records, ensuring a comprehensive set of controls designed to mitigate risk, and enhancing the accuracy of the Company's reported financial results. The Controller ensures that reported results comply with U.S. GAAP, the Company Code of Ethics, and U.S. Sarbanes-Oxley business control requirements. He or she manages general accounting, cost accounting, project accounting, accounts payable, and accounts receivable functions. The Controller is responsible for oversight of six foreign entities and two joint ventures; Energy Services LLC, an MHI Group company co-located with Mitsubishi Power Aero; and the local tax function. The position is located in Glastonbury, and the Controller is expected to be in the office for a minimum of three days per week.
Responsibilities and Duties
• Oversee all accounts, ledgers, and accounting systems ensuring compliance with appropriate GAAP standards and regulatory requirements.
• Maintain internal controls and safeguards for receipt of revenue, costs, inventory, fixed assets, and capital budgets.
• Coordinate all audit activity.
• Analyze financial data and present financial reports in an accurate and timely manner; communicate monthly, quarterly, and annual financial statements; monitor progress and changes, and keep senior leadership abreast of Company’s financial status including financial risks.
• Oversee financial and project accounting; ensure that expenditures are aligned with program budgets and revenue is properly recognized.
• Leverage strengths of the Finance team to maximize and reach optimal individual and organizational goals.
• Promote a positive and supportive work environment.
Education /Experience
• Bachelor’s degree in accounting or business
• 15 years of progressive experience in general accounting, cost accounting and/or consolidations/financial reporting, including the application of the following FASB Accounting Standards Codification (ASC):
o 323 Investment - Equity Method and Joint Ventures
o 350 Accounting for goodwill and intangible assets
o 606 Revenue from Contracts with Customers
o 842 Lease accounting
o 810 Consolidations/variable interest entities
• Strong analytical and problem-solving skills
• Ability to work cross-functionally and manage competing priorities successfully
• Effective communication (verbal and written) skills
• Knowledge of SAP ERP system is strongly preferred
• Professional certification, such as CPA or CA is preferred
Additional Requirement
Domestic/international travel up to 5-10%
CONTROLLER
Mitsubishi Power Aero LLC, Glastonbury, CT
Reporting to the Mitsubishi Power Aero Chief Financial Officer, the Controller is responsible for all accounting operations, including the production of periodic financial statements, maintaining an adequate system of accounting records, ensuring a comprehensive set of controls designed to mitigate risk, and enhancing the accuracy of the Company's reported financial results. The Controller ensures that reported results comply with U.S. GAAP, the Company Code of Ethics, and U.S. Sarbanes-Oxley business control requirements. He or she manages general accounting, cost accounting, project accounting, accounts payable, and accounts receivable functions. The Controller is responsible for oversight of six foreign entities and two joint ventures; Energy Services LLC, an MHI Group company co-located with Mitsubishi Power Aero; and the local tax function. The position is located in Glastonbury, and the Controller is expected to be in the office for a minimum of three days per week.
Responsibilities and Duties
• Oversee all accounts, ledgers, and accounting systems ensuring compliance with appropriate GAAP standards and regulatory requirements.
• Maintain internal controls and safeguards for receipt of revenue, costs, inventory, fixed assets, and capital budgets.
• Coordinate all audit activity.
• Analyze financial data and present financial reports in an accurate and timely manner; communicate monthly, quarterly, and annual financial statements; monitor progress and changes, and keep senior leadership abreast of Company’s financial status including financial risks.
• Oversee financial and project accounting; ensure that expenditures are aligned with program budgets and revenue is properly recognized.
• Leverage strengths of the Finance team to maximize and reach optimal individual and organizational goals.
• Promote a positive and supportive work environment.
Education /Experience
• Bachelor’s degree in accounting or business
• 15 years of progressive experience in general accounting, cost accounting and/or consolidations/financial reporting, including the application of the following FASB Accounting Standards Codification (ASC):
o 323 Investment - Equity Method and Joint Ventures
o 350 Accounting for goodwill and intangible assets
o 606 Revenue from Contracts with Customers
o 842 Lease accounting
o 810 Consolidations/variable interest entities
• Strong analytical and problem-solving skills
• Ability to work cross-functionally and manage competing priorities successfully
• Effective communication (verbal and written) skills
• Knowledge of SAP ERP system is strongly preferred
• Professional certification, such as CPA or CA is preferred
Additional Requirement
Domestic/international travel up to 5-10%