Plant Controller

Location:Muskegon

About SKF:

SKF has been making the world spin since 1907!

SKF is an industry-leading manufacturer dedicated to a culture of belonging, where our people flourish in an equitable environment that promotes leadership development and career growth. SKF bearings, made in Muskegon, played an integral role in helping Mars Rover collect rock and regolith samples on the planet’s surface.

As an SKF team member, you will join 40,000 colleagues from more than 130 countries developing bearing technology and services that make rotation more reliable and sustainable. Sustainability is at the heart of everything we do. SKF aims to have net zero greenhouse gas emissions at all our production facilities by 2030.

SKF products keep vehicles rolling, power the machines that put food on your table, and even reach into the cosmos as part of the Mars rover mission. Founded in Sweden in 1907, today SKF is publicly traded on the Nasdaq Stockholm with annual sales in 2020 of approximately $10 billion.

Position Summary:

As part of the Plant Management Team, the Controller is responsible for cost and internal control and for performing financial analysis to allow management to make appropriate financial decisions. The Controller will partner with the Plant Manager and Management team to ensure that decisions are being made with the best available data and facts. The Controller will be responsible for managing the accounting functions within the plant associated with cost management, budgets, forecasts, monthly closing, and variance reviews to ensure that financial results are produced and presented in accordance with GAAP and SKF policy.

Responsibilities:

• Support month end closing
• Partner with Plant Management to provide timely financial analysis and key performance indicators (KPI’s) to maximize plant performance.
• Prepare reports daily, weekly, and monthly so that information is always available to the Plant Management team for decision-making.
• Identify / initiate actions to improve profitability and assets turns, personally executing appropriate ones.
  • Examples include working capital reduction strategies, contribution margin leakage and countermeasures, operations restructuring, product cost re-engineering, financial analysis, and modeling, and sustaining lean manufacturing savings.
• Preparation of accurate forecasts including in-depth analyses, identifying corrective actions.
• Coordinate the annual planning and budgeting process.
• Ensure development of realistic plans focused on continuous improvement and supported by action plans to assure successful achievement of planned results. .
• Ensure a thorough understanding of plan drivers and opportunities / risks to facilitate development of cogent contingency plans.
• Drive actual results to achieve/exceed Plan.
• Continuously monitor variances, identify risks and opportunities, and initiate corrective actions.
• Ensure that internal controls and procedures are adequate (no significant deficiencies) and comply with the requirements of SKF Internal Control policy.
• Responsible for all Cost Accounting functions -- establishing standard cost, variance analysis, and month-end closing.
• Active participant in the Continuous Improvement Initiatives.
• Support the creation of IRE’s and responsible for the review and approval of Plant Capital requests (IRE’s).
• Capitalize fixed assets on a timely basis per SKF Policy.
• Perform a Fixed Asset inventory once every three years per SKF policy.
• Plant Finance support for quoting new business, which may include preparation of cost estimates, analysis, and certifications in compliance with government CAS and FAR rules.
• Prepare Ad Hoc analysis and reports as required.
• Hands-on team member with strong presence in the plant floor.
• Ensure “No Surprises”.

Requirements:

• A four-year degree in Accounting. MBA or CPA/CMA preferred.
• Ten years accounting experience in a manufacturing environment with both General and Cost Accounting experience, preferred.
• 3 Years Accounting experience in Manufacturing required.
• Experience developing and using Standard Cost Accounting.
• Excellent MS Office skills and a solid understanding of ERP systems.
• Experience with financial consolidation systems such as SAP BPC or Hyperion.
• Understanding of government laws and regulations related to the development and negotiation of cost proposals -- Federal Acquisition Regulations (FAR); Cost Accounting Standards (CAS); Defense Federal Acquisition Regulation Supplement (DFARS).
• Demonstrated ability to be proactive, creative, and innovative and use critical and strategic thinking.
• Sound analytical, problem identification, and problem-solving skills with the ability to analyze financial data and prepare concise financial reviews to make better business decisions.
• Strong professional written, verbal communications, and interpersonal skills.
• Ability to work within and facilitate a team environment.

What You’ll Love About SKF:

Rest and Relaxation. Enjoy a generous PTO policy and 13 paid holidays.

Work/Life Integration. SKF supports work /life integration, home, family, community, personal well-being and health. Flexible work options available, depending on role.

Diversity in the Workplace.? At SKF, we strive to embed Diversity, Equity, and Inclusion in everything we do. By developing a culture of belonging, our people can flourish; leading to an inclusive, equitable environment that promotes leadership, engagement, and innovation.

Best in Class Benefits. SKF cares about the wellbeing of our employees. Comprehensive healthcare options to fit your needs and opt out payment. Added benefits include company paid life insurance, STD, LTD. Supplemental benefits include critical illness coverage, tuition reimbursement, employee discount programs, and much more!

Invest in your Future. Participate in our 401K program that boasts a 10% employer contribution: 100% match up to 5% of your elected contribution (100% Vested) plus an additional 5% company contribution.

Reports to: Aerospace Specialty Operations US Manager
Location: Muskegon
Job ID: 18905
SKF provides equal employment [and affirmative action] opportunities to applicants and employees without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability.
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