What are the responsibilities and job description for the Assistant Controller position at Qualigence International?
ASSISTANT PLANT CONTROLLER
Purpose:
The Assistant Plant Controller plays a crucial role in ensuring financial efficiency across our five manufacturing plants. Responsibilities include margin analysis for key customers, updating standard costs, evaluating production locations and managing inventory standard costs. This role also involves preparing labor metrics, flash reports, ROI analyses, contributing to financial statements, project accounting, budgeting, and financial analysis. This is a hybrid position, combining remote work, office time, and visits to out-of-state plant locations. This role can lead to becoming a Plant Controller in two to four years.
Essential Functions/Responsibilities:
Cost Accounting
o Assist in margin analysis for top customers and products
o Review and analyze costs associated with production processes
o Lead plant leadership teams in review and updating of standard costs including:
- Manufacturing standards for scrap, cycle time and machine operators
- Accurate bill of materials
- Freight standards for purchased raw materials and components
o Conduct cost analysis studies to support decision making
Inventory
o Prepare obsolete/slow moving inventory report and work with plants to reduce excess inventory
o Reconcile consignment inventory balances to ensure items are billed timely
o Investigate inventory variances and work with plants to resolve issues
o Prepare purchase price variance report for all inventory
- Operations
o Prepare and publish daily and weekly production labor metrics
o Prepare weekly flash reports to provide inter-month data, assisting plant leadership in managing financial success between monthly reports.
o Assist in preparing ROI analysis on various continuous improvement projects and then track actual results against estimates.
Accounts Payable
o Review and process all freight related invoices
Financial Statement
o Assist in preparation of monthly financial reports
o Prepare and post various journal entries
o Prepare account reconciliations for various G/L accounts
o Send out various month end reports to key personnel
o Assist in coordination of the annual audit
Budgets and Forecasts:
o Actively participate in the annual budget process and monthly Sales and Operational Planning (S&OP) process.
Other Related Finance and Accounting Activities
o Routine financial analysis and special projects as led and directed by the Plant Controllers
