What are the responsibilities and job description for the Controller position at Ainsley Search Group?
Essential Duties & Responsibilities
The Controller will serve as a strategic business partner to the CFO, ensuring financial accuracy, operational excellence, and data-driven decision making within a complex manufacturing environment. This individual will proactively:
- Ensure accurate and timely monthly financial reporting to Steel Partners, including inventory reconciliations, WIP valuation, overhead absorption analysis, intercompany eliminations, and analysis of product margins and manufacturing variances.
- Own the standard cost accounting system, including cost rolls, BOM and routing validation, landed cost methodology, and analysis of material, labor, and overhead variances. Partner with Operations to drive corrective actions and continuous improvement.
- Develop, automate, and maintain KPI dashboards and reporting that provide actionable insights to improve profitability and operational performance.
- Support the organization's continued transformation into a highly data-driven business by improving access to timely, accurate financial and operational information.
- Maintain the financial integrity of the organization in accordance with GAAP while ensuring a strong internal control environment, audit readiness, and compliance with Steel Partners' reporting requirements.
- Lead, mentor, and develop the accounting team while ensuring proper cross-training, succession planning, and segregation of duties. Educate non-finance leaders on financial concepts that support stronger business decisions.
- Manage fixed assets, depreciation schedules, and capital-in-progress (CIP) accounting while ensuring overhead rates accurately reflect current asset utilization.
- Oversee Accounts Receivable and Accounts Payable processes, ensuring collections and vendor payments are completed in accordance with contractual terms.
- Lead inventory accounting across multiple manufacturing facilities, including cycle count programs, inventory reserve analysis, scrap accounting, yield analysis, obsolete inventory reserves, and WIP accuracy.
- Ensure the integrity of cost data within the ERP system, including cost module configuration, overhead rate setup, and cost roll accuracy during ERP implementations, upgrades, and process improvements.
- Provide financial leadership and business partnership to Operations by identifying cost savings opportunities, improving manufacturing efficiencies, and supporting continuous improvement initiatives across the organization.