Assistant Controller

Location: Winsted, CT

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 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.

The Specialty Ball Unit is responsible for the development, design, and manufacture of rolling element and flow control components. The Business Unit operates in Dexter, MI and Winsted, CT serving a diversified portfolio of customers in the aerospace and industrial industries. Our business is customer focused with a mix of highly engineered solutions and materials specifically designed for each client's application. Our Colebrook, CT location is responsible for the production of high precision spherical elements, meeting the growing needs of external customers and supplying components internally in support of growth throughout the US, Europe, and Asia.

Summary: As part of the Factory Leadership Team, the Assistant Controller is responsible for cost, internal controls, and financial strategy to drive factory performance. The Assistant Controller will partner with the Ball Unit Controller and Factory Leadership Team to ensure that strategic decisions are made with timely and relevant data. The Assistant Controller will be responsible for cost management, annual planning, forecasting, variance analysis, daily management reporting, and capital expenditure requests.

Key Job Duties and Responsibilities are (including but not limited to):

• Provide daily updates of key performance indicators against monthly targets.
• Partner with the Controller and Factory Manager to identify and initiate actions that drive profitability.
• Assist the management team with reinforcement of strategic direction against daily, weekly, and monthly objectives.
• Develop annual business plans compliant with agreed upon business strategy, goals, and objectives.
• Responsible for the calculation of standard cost updates according to SKF Policies.
• Assist the Supply Chain Manager with management of working capital.
• Prepare monthly forecast and weekly pulse updates.
• Actively participant in all continuous Improvement Initiatives.
• Assist the Engineering Manager and other management team members in preparation of capital investment requests (IRE's) and subsequent Capitalization.
• Prepare Ad Hoc analysis and reports as required.
• Monthly accounting and preparation of management reports.
• Operate effectively with the SKF USA Finance channels and Business Unit Controlling.

Job Requirements:

• A bachelor's degree in accounting or similar degree/experience required.
• Cost Management preferred but is not required.
• Minimum five years of experience in a similar role required.
• Good knowledge of common financial standards and systems.
• Experience with business planning, forecasting, and analysis.
• Proven proactive, innovative, critical, and strategic thinking.
• Demonstrated analytical and problem-solving skills with the ability to analyze financial data and prepare concise financial reviews that drive business decisions.
• Strong professional written, verbal communications, and interpersonal skills
• Strong MS Office skills and a solid understanding of ERP systems.
• MS Excel Intermediate to partially Advanced (Pivot Tables, VLOOKUP, etc).
• Ability to work and facilitate within 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: Controller
Location: Winsted, CT
Job ID: 19533
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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