Business Unit Controller Job Description

Our client is a division of a global publicly held manufacturer located in the San Gabriel Valley. They are seeking an ‘up and coming’ Controller, a talented, dynamic and driven individual who can achieve the next step in their 'Vertical Career' with this position.

Position Summary:

• Function as a strategic partner for the BU President / GM, providing strong financial leadership.
• Prepare timely & actionable analyses to support fact-based decisions.
• Drive actual financial results to exceed Plan. Continuously monitor variances, identify risks & opportunities and initiate corrective actions.
• Ensure financial benefits of major Continuous Improvement activities are sustained.
• Play a lead role in the acquisition process – from screen and select to valuation, due diligence and post acquisition integration.

Primary Accountabilities:

• Ensure accounting records & monthly financial statements are prepared in accordance with Company policies and GAAP.
• Provide timely and relevant management reporting focused on KPI’s.
• Ensure development and maintenance of accurate product standard costs
• Ensure accounting records & monthly financial statements are prepared in accordance with Company policies and GAAP.
• Provide timely and relevant management reporting focused on KPI’s.
• Ensure development and maintenance of accurate product standard costs.
• Ensure timely and accurate tax, statutory and regulatory reporting.
• Coordinate annual planning & budgeting process to ensure development of realistic plans focused on continuous improvement and supported by detailed actions plans. Ensure a thorough understanding of plan drivers, resources needed and opportunities/risks to facilitate development of cogent scenario & contingency plans.
• Coordinate / prepare accurate monthly & quarterly forecasts, including in-depth analyses and identification of corrective actions.
• Develop quality bridge schedules that demonstrate a thorough understanding of changes from forecast, plan, prior forecast and prior period actual.
• Ensure Capital Appropriation Requests (CAR’s) and Business Cases are properly prepared with thorough analysis of financial returns.
• Ensure internal controls and procedures are in compliance with Company Financial policies and SOX, and are consistently followed.
• Ensure safeguarding of assets and accuracy of perpetual inventory system.
• Recruit, develop and motivate a strong financial team promoting an environment of continuous improvement and best in class processes.
• Provide strong functional guidance to BU financial staff.

Secondary Accountabilities:

• BU Controller assumes responsibility for actual implementation steps arising from strategy meetings.
• Explains unique issues facing BU to BU management and Company’s senior management.
• Assumes a lead role in forecasting the effects of changes in the economy and competitive data on the business unit’s operations
• Make recommendations to mitigate adverse business conditions and improve operational efficiencies.
• Identify & establish mitigation of relevant risks to minimize surprises and unplanned variances.
• Evaluation of acquisition targets allows management to make and informative decision whether to enter into M&A transactions.
• If target is acquired, BU Controller assumes responsibility as the Finance subject matter expert to integrate the business.
• BU Controller performs a post-acquisition evaluation assessment.
• Financial reports are prepared in sufficient detail to permit identification of significant operating and financial changes
• BU Controller Identifies key value drivers, variances and takes a proactive approach to resolution of performance issues.
• Ensures accurate ERP system set-up and procedures to maintain product standard costs.
• Meets reporting deadlines with accurate and compliant information
• Meet established timetable for budget submission.
• Budgets are prepared in accordance with corporate guidelines and in sufficient detail to evaluate actual performance.
• Incorporates market data into strategic planning to support investment and spending decisions, such as:
  • MAPI Forecasts
  • Commodity pricing trends
  • GDP and other consumer spending expectations
• Strategic and Operational plans must be relevant and in-sync with underlying business and economic conditions.
• Adherence to Capital Appropriation Request (CAR) guidelines, including ROI and other analyses that support how investments will maximize the value of the business.
• Jointly with Internal Audit function responsible for annual SOX Management Testing.
• Zero audit findings along with Strong internal accounting controls, efficient and risk-based
• Timely and informative account analysis
• Controller function conducts periodic testing of assets
• Reconciliations, Physical observation
• Manages employee work and performance
• Provides fair and accurate feedback
• Clarifies performance expectations
• Provides guidance with day-to-day challenges

Qualifications:

• Bachelor’s Degree in Accounting/Finance or related field
• MBA, CPA, and/or CMA preferred
• 7 to 10 years of progressive Accounting experience within components manufacturing
• Demonstrated success in achievement of profit and cash flow targets
• Successful experience in the details of planning, forecasting and “actionable” analysis
• Solid working knowledge of GAAP/IFRS/Sox compliance and proven ability to adhere to Corporate Accounting Policies & Procedures
• Solid cost accounting experience working with a standard cost system
• Strong Excel and modeling skills
• Experience with ERP systems in a manufacturing environment