Plant Controller

Biomerics; Monroe (CT); On-site; USD 90,000 - 150,000; Full time

Job summary

An established industry player is seeking a Controller to oversee financial operations at its Monroe facility. This pivotal role involves ensuring accurate financial reporting, compliance with regulations, and strategic financial planning. The ideal candidate will possess strong leadership skills and a solid background in cost accounting, with a focus on supporting operational objectives. Join a dynamic team dedicated to innovation in the medical device sector, where your contributions will directly impact the company's growth and success. If you are ready to take on a challenging and rewarding position in a collaborative environment, this opportunity is for you.

Qualifications

• 7-10+ years in a senior accounting or finance role, preferably in medical devices.
• Strong knowledge of financial regulations and GAAP.

Responsibilities

• Oversee financial operations ensuring accuracy in reporting and compliance.
• Lead the finance team, fostering continuous improvement and growth.

Skills

Financial Reporting

Cost Accounting

Financial Analysis

Leadership

Analytical Skills

Problem-Solving

Decision-Making

Education

Bachelor’s degree in Accounting, Finance, or a related field

CPA or CMA preferred

Tools

EPICOR

Job description

Description

Company Overview

Biomerics is a world-class manufacturer and innovative polymer solutions provider for the medical device and biotech industries. As a vertically integrated company, we specialize in designing, developing, and producing medical devices for diagnostic and interventional procedures. We are focused on next-generation solutions for vascular access, electrophysiology, cardiac rhythm management, neurovascular, structural heart, and cardiovascular markets.

At Biomerics, we are dedicated to our diverse employee base. We understand that a strong, skilled, and engaged workforce is the foundation of our continued success as a business. We strive to live up to Biomerics' values in all our interactions. It is an exciting time to be part of our collective team, and there is no limit to the impact that can be achieved here at Biomerics. We improve and advance the lives of our employees and the patients who depend on our products.

At Biomerics, we believe in integrity, partnership, empowerment and accountability, trust, agility, teamwork, and excellence, and we care. Our team-oriented, customer-focused corporate culture prioritizes building strategic, mutually beneficial partnerships with customers and our team members.

Job Description

This position is located in Monroe, CT. The Monroe facility is the headquarters of Biomerics NLE (BNLE), that operates 3 different facilities (Monroe, CT; Santa Clara, CA; Brooklyn Park, MN) in the micro-metals processing business and specializes in the design, development, and manufacture of complex micromachined and laser-processed components for the interventional medical device market.

The Controller will be responsible for overseeing the financial operations of Biomerics NLE, ensuring accuracy in management financial reporting, compliance with regulations, and the effective management of financial resources. This role requires strong leadership, analytical skills, and a strategic mindset to support our growth and operational objectives. The primary focus of this role is business partnering with the operations team to provide business and financial analysis support, cost accounting, inventory control and be a key stakeholder in the financial budgeting and planning process.

Requirements

Financial Reporting: Prepare and oversee timely and accurate financial statements, budgets, forecasts, and reports to senior management and stakeholders.

Management Accounting: Manage finance functions, primarily including Cost Accounting, Standard Costs, Capex requests, Closing activities and Account reconciliations not performed by the Business Service Center or Corporate Accounting Teams. Deliver timely and accurate monthly operational analysis and commentary focused on gross profit improvement including, but not limited to:

1. Analysis of monthly cost variances
2. Productivity results (material, labor, variable overhead)
3. Price and inflation management
4. Working capital analysis
5. Other operational KPIs
6. Develop and manage the cost accounting processes, including ensuring accurate Bills of Material / Routers

Compliance: Ensure compliance with GAAP, internal accounting policies and procedures and regulatory requirements. Oversee audits and implement necessary changes based on findings, related to inventory controls, cost accounting, capex projects and others.

Financial Analysis: Conduct financial analysis and provide insights to support decision-making processes. Monitor key performance indicators (KPIs) and variances.

• Ownership and management of the monthly /quarterly reforecast, annual budget, and long-range plan processes including continuously refining the spend forecast and providing information to help make informed decisions and recommendations
• Other ad hoc requests, as needed

Cash Management: Oversee weekly cash flow management, including forecasting and monitoring cash requirements.

Team Leadership: Lead and develop the finance team, fostering a culture of continuous improvement and professional growth (2 people (FP&A and Cost Accounting). Develop and lead a team supporting all operational financial analysis responsibilities within the Locations.

Strategic Planning: Collaborate with executive leadership on strategic initiatives and financial planning, aligning financial goals with business objectives.

Cost Control: Develop and monitor budgets, ensuring effective cost control and resource allocation. Collaborate with the senior leadership team and other manufacturing support teams to create cost improvements and production efficiencies including production supervision, supply chain / purchasing, manufacturing engineering, etc.

Education / Certifications

Bachelor’s degree in Accounting, Finance, or a related field; CPA or CMA preferred.

Job Requirements

• 7-10+ years of experience in a senior accounting or finance role, preferably in the medical device or manufacturing industry.
• Strong knowledge of financial regulations and GAAP. Strong Standard Cost or Cost accounting background.
• Plant Controllership proven experience in financial reporting, with strong budgeting, and forecasting skills.
• Excellent analytical, problem-solving, and decision-making skills.
• Financial modeling skills, including leading the Capex modeling and requests.
• Strong leadership and team management abilities.
• Proficient in financial software and ERP systems (EPICOR preferred).
• Travel 25-35%