FBG Services Controller

Flagg Bicycle Group, LLC; BLOOMINGTON (MN); On-site; USD 120,000 - 190,000; Full time

Job summary

Flagg Bicycle Group, LLC (FBGS) seeks a Senior Controller to lead accounting, finance, and tax operations across its holding company and designated operating businesses. The role combines strategic leadership with hands-on execution, delivering timely US GAAP financial statements and board reports while managing a 3–5 person accounting team.

The Controller advises operating leaders, aligns policies with governance, and supports acquisitions or post‑close integration as opportunities arise.

Qualifications

• CPA strongly preferred; CMA or equivalent will be considered with demonstrated strength in technical accounting, external reporting, and audit leadership.
• Seven or more years of progressive accounting experience, including at least three years leading a corporate accounting or controllership function.
• Demonstrated experience leading monthly and annual close, multi-entity consolidation, intercompany accounting, and US GAAP financial reporting for a holding company or similarly complex organization.
• Experience leading external audits and coordinating complex tax‑compliance activities with outside advisers.
• Experience managing and developing a team of at least three accounting professionals in a hybrid or distributed environment.

Responsibilities

• Own monthly, quarterly, and annual close and consolidation process for holding and participating entities, including intercompany activity, eliminations, and US GAAP reporting.
• Prepare financial reports and analysis for shareholder meetings and Board reporting; liaise with Audit, Risk and Compliance committees as needed.
• Oversee tax compliance calendar, ASC 740 provision, and coordination with external tax advisers; manage audits and reporting for related plans and entities.
• Lead internal controls design and documentation; ensure governance, policy adherence, and records retention across multi-entity structure.
• Manage a 3–5 person accounting team, drive process automation and continuous improvement of financial systems and reporting.

Skills

US GAAP

Financial reporting

Board reporting

Intercompany accounting

Team leadership

Audit coordination

Executive communication

Education

Bachelor's degree in Accounting

CPA

Job description

FBG Services (FBGS) is the shared services company for Flagg Bicycle Group, supporting its operating businesses, Board of Directors, and select entities connected to the Flagg-Henrickson legacy plan.

Position Overview

The Controller is a key leader within FBGS, responsible for accounting, finance, and tax operations across the holding company and designated operating businesses. This role is part of the senior leadership team and oversees the accounting function.

The Controller combines strategic leadership with hands‑on execution, preparing and reviewing critical reporting for the Board, shareholders, and family office while managing the work of the accounting team.

The Controller works closely with operating business leaders, external audit and tax advisers, Board committee leadership, and designated family-office representatives. The Controller may also support acquisitions, dispositions, and post‑close integration as opportunities arise.

Accountability Levels

The verbs in this description indicate the level of accountability:

• Own / Prepare: The Controller is accountable for the outcome and personally performs or finalizes the work.
• Oversee / Manage: The Controller is accountable for the outcome; the team or outside providers perform the work under the Controller's direction and review.
• Coordinate: The Controller runs the process and timeline; others (advisers, operating leaders) are accountable for parts of the output.
• Support / Partner: The Controller contributes expertise; another leader or body owns the outcome.

Primary Duties and Responsibilities

Financial Reporting, Consolidation, and Board Reporting (≈35%)

• Holding company and consolidationOwn the monthly, quarterly, and annual close and consolidation process, including close calendars, account reconciliations, intercompany activity, eliminations, journal‑entry controls, and timely delivery of accurate US GAAP financial statements.
• Establish reporting standards, deadlines, and review procedures that produce consistent, useful reporting across participating businesses.
• Provide financial oversight and analysis across the portfolio to support decisions by executive leadership and the Flagg Bicycle Group, LLC Board of Directors.
• Prepare financial reports and analysis for shareholder reports and meetings.
• Board and committee reportingServe as management liaison to the Flagg Bicycle Group, LLC Audit, Risk, and Compliance Committee, subject to the Committee charter, and provide timely reporting on material accounting, tax, compliance, audit, liquidity, and internal‑control matters.
• Identify opportunities to strengthen financial performance, reporting, controls, and risk management, and provide clear recommendations to executive leadership and the appropriate Board committee.
• Promptly elevate material accounting, tax, compliance, control, liquidity, or financial‑reporting risks to the Executive Vice President and, when appropriate, to designated Board committee leadership.
• Operating business supportOversee timely monthly, quarterly, and annual financial reporting for participating operating businesses. Not all businesses owned by the holding company use FBGS for their core accounting function.
• Oversee general accounting and centralized payroll within the scope of the FBGS charter.
• Partner with operating business leaders to promote consistent application of US GAAP and approved accounting policies while respecting defined governance, service scope, and accountability.

Accounting Policy and Internal Controls (≈15%)

• Design, document, implement, and monitor an effective system of internal controls over financial reporting, including segregation of duties, approval authorities, financial policies, and remediation of identified control deficiencies.
• Maintain accounting policies, process documentation, and records‑retention practices appropriate to the organization's size, risk profile, and multi‑entity structure.
• Monitor compliance with delegated authorities and approval limits, and support fraud‑risk prevention and response processes.
• Maintain confidentiality, access controls, and information boundaries among the holding company, operating businesses, real estate entities, trusts, shareholders, and other supported organizations.

Treasury and Cash Management (≈10%)

• Oversee treasury and cash management within the approved scope of FBGS, including liquidity reporting, banking controls, debt and covenant reporting, intercompany funding, and coordination with financial institutions.
• Establish controls for cash movement, payment approvals, bank‑account access, and authorized signers.
• Coordinate short‑and intermediate‑term cash forecasting and communicate material liquidity needs or constraints.

Tax, Audit, and Regulatory Compliance (≈15%)

• Oversee the tax‑compliance calendar for the holding company, operating businesses, and other FBGS stakeholders, including limited international obligations.
• Coordinate the income tax provision (ASC 740), return preparation, supporting schedules, estimated payments, extensions, and responses to tax notices.
• Evaluate tax positions and planning opportunities with external advisers, including R&D tax credits, UNICAP, and other applicable matters; monitor material tax exposures and communicate significant risks and recommendations to executive leadership.
• Manage external audit and tax‑advisory relationships, including scope, deliverables, fees, performance, information requests, issue resolution, and implementation of recommendations.
• Serve as the primary internal leader for annual financial‑statement audits, reviews, and other assurance engagements within the approved scope.
• Oversee financial and compliance support for Flagg Bicycle Group, LLC benefit programs, including health and welfare, life insurance, and the 401(k) plan and its annual plan audit.

Team Leadership and Finance Systems (≈15%)

• Team leadershipRecruit, develop, coach, and retain a high‑performing accounting team of 3–5 professionals within the approved organization structure.
• Establish clear responsibilities, performance expectations, development plans, succession coverage, and cross‑training for critical financial processes.
• Manage external and outsourced accounting resources within the function's approved scope and budget.
• Finance systems and processLead the selection, implementation, governance, and continuous improvement of accounting systems, consolidation tools, payroll platforms, and financial‑reporting processes.
• Improve accuracy, scalability, security, and appropriate automation while maintaining effective controls.
• Establish data ownership, reconciliation, and reporting standards across financial systems.

Family Office Contributions

Performed in accordance with approved service agreements, governance documents, and confidentiality requirements (see Section 2).

• Real estate holding companyPrepare and deliver monthly, quarterly, and annual financial statements for Teaganco, LLC, and support reporting to its Board of Directors.
• Monitor and report investment performance in coordination with designated family‑office leadership and external advisers.
• Trust supportPrepare quarterly and annual financial reporting for designated trusts.
• Escalate requests that fall outside the approved FBGS service scope to the Executive Vice President.

Role Requirements

• Bachelor's degree in Accounting; a degree in Finance or Tax may be considered with substantial accounting experience.
• CPA strongly preferred. A CMA or equivalent experience will be considered with demonstrated strength in technical accounting, external reporting, and audit leadership.
• Seven or more years of progressive accounting experience, including at least three years leading a corporate accounting or controllership function.
• Demonstrated experience leading monthly and annual close, multi‑entity consolidation, intercompany accounting, and US GAAP financial reporting for a holding company or similarly complex organization.
• Experience designing and maintaining internal controls, accounting policies, approval authorities, and financial process documentation.
• Experience leading external audits and coordinating complex tax‑compliance activities with outside advisers.
• Experience managing and developing a team of at least three accounting professionals in a hybrid or distributed environment.
• Strong executive, Board, and stakeholder communication skills, including the ability to translate technical matters into clear business implications.
• Demonstrated discretion and sound judgment in handling confidential corporate, shareholder, employee, trust, and family financial information.

Preferred Qualifications

• Experience in a privately held holding company, family‑owned enterprise, family office, or shared‑services organization.
• Experience supporting Boards of Directors, Board committees, advisory panels, or shareholder reporting.
• Experience with income tax accounting (ASC 740) for C‑corporation entities.
• Experience with multi‑entity consolidations across different accounting systems.
• Experience supporting acquisitions, dispositions, purchase accounting, and post‑close integration.
• Experience overseeing payroll, benefit‑plan compliance, treasury operations, investment accounting, or shared‑service cost allocations.
• Experience improving finance technology, reporting automation, and accounting processes.

We seek talent from all backgrounds to join our teams, and we encourage our employees to bring their authentic and best selves to work. We do not discriminate based upon race, religion, color, national origin, sex (including pregnancy, childbirth, reproductive health decisions, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, genetic information, political views or activity, or other applicable legally protected characteristics.