What are the responsibilities and job description for the Company Controller position at Timber Products Company Career Center?
POSITION SUMMARY:
Directs and manages Timber Products Company fiscal, treasury, and risk management functions in accordance with generally accepted accounting principles (GAAP). Accomplishes the organization’s strategic financial objectives by developing financial information, monitoring and evaluating plans and results, and developing and enforcing controls. The Company Controller is a member of the management team, which determines business strategies.
MAJOR TASKS:
- Responsible for accounting and reporting of the “Home Office” general and administrative department. Oversees month end closing including reconciliation of accounts, preparation of accruals and adjustments. Prepares the annual budget for the department. Prepares bank covenant compliance certificates.
- Develops plans, budgets, forecasts, financial results and other reports to guide management decisions. Forecasts, analyzes and utilizes financial information to advise management staff on financial matters and the development of Company plans and strategies.
- Responsible for design and management of treasury management systems that expedite collection of receipts and reasonably defers disbursements. Manages internal controls and security procedures over electronic funds transfers. Manages surplus cash in marketable securities and other investments.
- Secures financing by tracking, measuring, evaluating and forecasting financial results. Identifies needs and trends; analyzes capital needs; manages deposits; participates in negotiating credit with banks, brokers and insurance companies.
- Conducts financial analyses to identify profit improvement opportunities by studying business opportunities. Works with management employees to evaluate options and advise on decisions for expansion or purchase of plant facilities or product lines.
- Protects assets by establishing credit policies and by developing and managing credit procedures. Determines customer credit capacity and directs the compiling of credit information. Determines action to take in collection of past due accounts.
- Prepares for and manages external audits including financial, bank and benefit plans.
- Responsible for the design, proposal and administration of risk management and loss prevention programs. Gauges risk exposure and potential liability in all matters concerning the Company, and develops sound risk control measures. Responsible for insurance purchasing for the organization.
- Member of the Company’s 401(k) Committees. Works closely with the actuary to develop assumptions. Reviews annual valuations and regulatory filings. With other committee members, oversees the functions of the Plans’ Trustees to ensure that investments are in accordance with Plan Policies and that disbursements are made accurately and timely to participants.
- Manages, trains and develops the Finance staff which includes Payroll, Credit, Sales Company/Admin Controller, and accounting support staff.
- Responsible for supporting and enforcing company policies and procedures, and ensuring confidentiality of financial information.
- Responsible for maintaining and accounting for leased fleet of about 35 company vehicles.
