Precision Concepts International is seeking an accomplished Corporate Controller to lead the company’s accounting, financial reporting, and controllership functions. Reporting directly to the CFO, this position will serve as a key member of the finance leadership team and play an important role in supporting the company’s continued growth, operational excellence, and strategic initiatives.
Key Responsibilities
- Lead the company’s corporate accounting and financial reporting functions, ensuring accurate and timely monthly, quarterly, and annual financial statements in compliance with U.S. GAAP and applicable regulatory requirements.
- Own the monthly close and consolidation process and continually improve the speed, accuracy, and efficiency of the close.
- Provide technical accounting leadership on complex and non-routine transactions.
- Partner with the CFO and FP&A team to ensure consistency between actual results, forecasts, budgets, and management reporting.
- Responsible for Corporate cost center – Monthly close, balance sheet management, monthly forecasting, and annual budget process
M&A, Purchase Accounting & Integration
- Serve as the finance and accounting lead for acquisition-related accounting activities.
- Lead purchase accounting under ASC 805, including opening balance sheet preparation, purchase price allocation, working capital considerations, goodwill, intangible assets, and related accounting matters.
- Coordinate with external valuation specialists, auditors, tax advisors, and other transaction partners as required.
- Support financial due diligence and accounting considerations associated with potential acquisitions.
- Lead the accounting integration of acquired businesses, including chart of accounts alignment, accounting policies, financial reporting, internal controls, and close processes.
- Develop scalable processes for integrating future acquisitions into the company's financial reporting environment.
Private Equity & Stakeholder Reporting
- Support the CFO in meeting the reporting and analytical requirements of the company's private equity sponsor and Board of Directors.
- Ensure timely and accurate reporting of financial results, key performance indicators, covenant requirements, and other financial information.
- Understand the financial reporting expectations and pace of a private equity-backed organization, including an emphasis on accountability, cash flow, EBITDA, working capital, and value creation.
- Support refinancing, recapitalization, acquisition financing, and other capital structure activities as needed.
Treasury and Liquidity Management
- Oversee global treasury function, including external cash and liquidity reporting, cash flow forecasting and annual cash flow budgeting.
- Support lender facility utilization and administration.
Internal Controls, Audit & Compliance
- Develop and maintain a strong internal control environment, enforcing accounting policies and procedures appropriate for a growing, multi-national organization.
- Serve as the primary point of contact for external auditors and manage the annual financial statement audit.
- Coordinate with tax advisors and internal stakeholders on income tax, sales and use tax, property tax, and other compliance requirements.
- Ensure appropriate documentation of significant accounting policies, judgments, estimates, and technical accounting conclusions; identifying opportunities to strengthen financial controls and reduce accounting and reporting risk.
Leadership & Process Improvement
- Lead, develop, and mentor the accounting organization, establishing clear expectations, accountability, and professional development opportunities.
- Assess the accounting organization and recommend appropriate structure, staffing, processes, and capabilities to support continued growth.
- Build scalable processes and controls that can accommodate both organic growth and acquisitions.
- Drive improvements in financial systems, automation, reporting, and data integrity.
- Partner effectively with operations and other functional leaders to improve financial discipline and decision-making throughout the organization.
- Foster a culture of accuracy, urgency, accountability, continuous improvement, and business partnership.
Required Qualifications
- Certified Public Accountant (CPA)
- Bachelor's degree in Accounting, Finance, or a related field; Master's degree preferred.
- Big Four public accounting experience
- Significant progressive accounting and finance leadership experience, including experience as a Controller, Corporate Controller, Assistant Controller, or comparable senior accounting leadership role.
- Experience working within a private equity-backed company or directly supporting private equity ownership.
- Demonstrated M&A experience, including hands-on purchase accounting and business combination accounting under ASC 805
- Strong knowledge of U.S. GAAP and technical accounting.
- Experience managing consolidated financial reporting across multiple legal entities and/or operating locations.
- Experience leading external audits and managing relationships with accounting, tax, valuation, and other professional service firms.
- Strong understanding of internal controls, financial reporting processes, and accounting systems.
- Demonstrated ability to develop and lead high-performing accounting teams.
Preferred Qualifications
- Experience in a manufacturing, packaging, industrial, or similarly complex multi-site operating environment.
- Experience integrating acquired businesses into a common accounting and reporting platform.
- Experience in a leveraged or sponsor-backed environment with lender and debt covenant reporting requirements.
- Experience improving ERP, consolidation, close-management, and financial reporting systems.
- Track record of shortening the monthly close while improving reporting quality and controls.
- Experience supporting a rapidly growing organization through both organic growth and acquisitions.