What are the responsibilities and job description for the Assistant Controller position at Preferred Sands?
Preferred Sands, headquartered in Wayne, Pennsylvania, is a privately-owned leading industrial and frac sand company with plants in Genoa, Nebraska and Monahans, Texas. We are committed to serving industrial and frac sand markets with the highest quality silica and coated sand products. Preferred’s perspective on company culture permeates every facet of our business; our foundation lies in the spirit that binds our collaborative mission: a balance of family, work, charity, and individual pursuits. Our dedication to the customers to whom we serve, the communities in which we work, and our individual employees has propelled us to the forefront of the industry.
Position Overview
The Assistant Controller will support the Corporate Controller/Chief Financial Officer in managing the company’s financial operations. This role involves plant cost and inventory accounting, corporate accounting, preparation and analysis of financial reporting, budgeting and reforecasting, managing accounting processes and internal controls, as well as accounts receivable oversight and management. The role will also require supervision of certain accounting support staff and liaise with company leadership including operations management and the Chief Executive Officer. Opportunities for scope increase and cross-training in various aspects of the company’s financial operations exist.
Job Responsibilities
- Plant Accounting
- Prepare/review monthly journal entries and reconciliations for plant level general ledger accounts and cost categories
- Reconcile and validate inventory on-hand and perform inventory cost accounting, including inventory located at plant facilities and in distribution channels
- Prepare/analyze monthly plant cost reporting packages including budget to actual analyses and liaise with operations management to facilitate business decision making
- Support capital projects and spending through budget to actual analysis while maintaining property, plant and equipment registers and construction in progress (CIP) accounts
- Corporate Accounting
- Prepare monthly journal entries and reconciliations for assigned general ledger accounts
- Support budget to actual analysis of corporate level spending to drive business decision making
- Financial Reporting
- Prepare and analyze monthly operating results reporting including budget to actual analysis
- Support quarterly and annual GAAP financial reporting including financial statement analysis and reconciliations, footnote support preparation, etc.
- Budgeting and Reforecasting
- Manage/prepare/support the annual operating budget through coordination with company leadership including sales, cost of goods sold, SG&A, etc.
- Facilitate and prepare periodic reforecasting of operating results
- Accounts Receivable (AR)
- Manage subledgers and aging reports to assist with AR collection efforts (i.e. customer inquiries, issue resolution, etc.)
- Provide oversight of support staff in day-to-day transactions (i.e. customer billing, credit memos, etc.)
- General
- Support and ensure compliance with company internal controls in sales, purchasing and financial reporting business cycles
- Ensure company accounting procedures conform to Generally Accepted Accounting Principles (GAAP)
- Coordination with external auditors and providing support for annual financial statement audits
- Support periodic development of materials for those charged with governance (i.e. presentation materials for Board of Directors meetings)
Key Qualifications
- Bachelor’s degree in Accounting or Finance
- Minimum of 7-10 years’ experience in the responsibilities and skills highlighted for this role
- CPA, CMA and/or MBA preferred
- Proficient in Microsoft 365 applications (high level of proficiency in Microsoft Excel)
- Familiarity with ERP/MRP systems is preferred
- Excellent verbal and written communication skills
- Excellent organizational skills and attention to detail while managing multiple responsibilities simultaneously
- Ability to work independently and collaboratively as part of a team in a results-oriented, fast paced environment
- Knowledge, understanding, and ability to adhere to generally accepted accounting principles
- Proven ability to manage and develop staff
