Plant Controller

IAC Group; Alma (MI); On-site; USD 90,000 - 120,000; Full time

Job summary

A leading manufacturing company seeks a Plant Controller to oversee financial activities, ensure compliance with GAAP, and manage general ledger accounts. This role requires a bachelor's degree in business management or accounting and extensive experience in the manufacturing industry. The Controller will enhance financial reporting processes and collaborate with diverse teams while adhering to safety standards.

Qualifications

• 5+ years’ experience in a manufacturing industry.
• Strong technical and analytical skills.
• Ability to analyze financial data and prepare reports.

Responsibilities

• Leads daily accounting and finance activities.
• Prepares financial statements and analytical reports.
• Ensures compliance with GAAP and internal controls.

Skills

Analytical skills

Cost accounting

Communication

Education

Bachelor’s degree in business management, accounting or finance

Job description

Summary:

The Plant Controller will lead the daily administration of the IAC facility’s accounting and finance activities, providing support in financial statement preparation and financial analysis as well as continuous improvement of the Accounting function. The Plant Controller provides timely and accurate accounting and finance services while complying with all legislative and corporate requirements. Ensures an adequate system of internal control is maintained, general ledger accounts are correctly stated and classified, and that financial reporting is prepared in accordance with Generally Accepted Accounting Principles (GAAP). The Controller also partners with multiple cross-functional team members both at corporate and the respective business unit.

Essential Duties and Responsibilities

• Maintains and reconciles general ledger accounts on a recurring basis, including posting monthly journal entries, completing account reconciliations, providing variance analysis and investigating discrepancies.
• Has full responsibility for the income statement and balance sheet for the facility.
• Prepares annual budget and forecasts during the year for the income statement, balance sheet and cash flow.
• Prepares a 13-week cash forecast to determine short term cash needs of the facility
• Responsible for new business quoting and tracking profitability during program life cycle, post award and postproduction, alerting the team of any margin deterioration that needs to be addressed
• Conducts month and year end closing, reconcile and balance all accounts and review monthly journal entries.
• Provides the cost accounting expertise for the manufacturing operations.
• Prepares financial statements and analytical reports as part of the monthly reporting package.
• Ensures GAAP is incorporated into the management of the business.
• Ensures appropriate internal controls are in place and supports effective and efficient annual financial audits.
• Works closely with manufacturing operations to ensure accurate and timely capture of all production costs and effective analysis of production variances.
• Develops and maintains thorough financial procedures and systems.
• Develops the location budget and provides thorough analysis of variances
• Manages the inter-company transfer of products.
• Provide guidance to staff accountant(s) to ensure effective team support.
• Prepare sales and use tax filings.
• Develops, monitors and analysis manufacturing overhead allocation and burden rates to ensure appropriateness.
• Manages book and tax depreciation for fixed assets.
• Drives the collections of customer accounts receivables on an as needed basis.
• Works effectively with IT to automate the company’s financial reporting package.
• Drives progress in developing more effective workflow processes, including paperless filing.

Job Requirements:

• Education: Bachelor’s degree in business management, accounting or finance
• Experience: 5+ years’ experience in a manufacturing industry
• Must have strong technical and analytical skills with solid cost accounting background.
• Ability to build professional relationships with internal and external clients
• Ability to analyze financial data and prepare financial reports, statements and projections with a strong attention to detail
• Demonstrated ability to make solid, objective, ethical decisions
• Able to maintain strict confidence in financial sensitive information and demonstrate a high level of integrity.
• Excellent communication and analysis skills required accompanied
• Ability to work collaboratively in a diverse environment and interact effectively with other groups and departments, clients and partners.
• Willingness to continuously learn and be open to feedback to improve individual performance.
• Must maintain safe maintenance practices and adhere to safety requirements
• Travel: The willingness and ability to travel to other divisions of is required. Travel will typically be <5%

Work Environment:

The work environment for this position is primarily in an office setting, however, since this is a manufacturing-based job, the incumbent could also be exposed to dust, various temperatures, fumes and loud noise in the manufacturing setting. Due to periodic time spent on the manufacturing floor, the incumbent must be able to tolerate some exposure to these workplace characteristics. The incumbent must also follow allow company safety procedures, including wearing required personal protective equipment while on the production floor.