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Job Opening: Accounting

posted Oct 16, 2015, 9:31 PM by Eva Chiu

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
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