What are the responsibilities and job description for the Assistant Controller position at Precision Castparts?
Aerospace Dynamics International, Inc. (ADI) manufactures machined parts and assemblies for the commercial and military aerospace industries. It offers structural components, caps, panels, bulkheads, fittings, longerons, spars, chords, wing ribs, thrust reversers, structural machine parts, manufacturing tooling and stretch form blocks.
ADI was acquired by PCC in April 2014. The company has received significant capital investments since the acquisition and has a highly positive growth trajectory ahead. Comprising four facilities on its campus in Valencia, CA, ADI has over 250 full-time employees on staff.
Position Summary
The Assistant Controller applies accounting principles to analyze financial information and prepare financial reports. This position maintains and oversees the accounts and records for disbursements, expenses, tax payments, and income. The incumbent will also compile and analyze financial information to record transactions, prepare reports, and review/verify for accuracy.
Primary Duties & Responsibilities
ADI was acquired by PCC in April 2014. The company has received significant capital investments since the acquisition and has a highly positive growth trajectory ahead. Comprising four facilities on its campus in Valencia, CA, ADI has over 250 full-time employees on staff.
Position Summary
The Assistant Controller applies accounting principles to analyze financial information and prepare financial reports. This position maintains and oversees the accounts and records for disbursements, expenses, tax payments, and income. The incumbent will also compile and analyze financial information to record transactions, prepare reports, and review/verify for accuracy.
Primary Duties & Responsibilities
- Responsible for the adherence to and communication of accounting and auditing policies and procedures.
- Prepares timely and comprehensive reports including analysis of financial data, statements, and audits covering daily flex, weekly battle plan, and monthly and quarterly business reviews.
- Manage the full-cycle Accounts Receivable process including posting payments to customer accounts, entering credit memos and adjustments, contacting customers on past-due payments, and reconciling the Accounts Receivable aging reports to meet or exceed company standards
- Assist with the preparation and review of company financial statements and statistical reporting, including journal entries
- Review, analyze, and reconcile GL accounts including inventory, payables, receivables, cash, pre- paid, fixed assets, and accrued liabilities
- Works with functional leads to set standard costs / perform weekly reconciliation of variances to standard.
- Assist in month-end close process within
- Prepare monthly and quarterly Excess and Obsolete, LIFO, FCA and LCM calculations and analysis.
- Assists with preparation of budgets, reviews budget proposals, and prepares necessary supporting documentation and justifications. Monitors approved budgets on a monthly basis, providing guidance and assistance where needed to management.
- May occasionally perform special projects and other duties as assigned
- Proven analytical, problem solving, and process improvement ability
- Experience with ERP systems for general accounting and consolidation purposes
- Good working knowledge of the Accounts Payable process
- Strong analytical, interpersonal, communication and organizational skills
- Ability to successfully manage many issues/projects simultaneously
- Excellent interpersonal Demonstrated ability to collaborate with all levels of management
- Able to work productively and independently
- Demonstrated understanding and application of S. GAAP
- Bachelor's degree in Accounting or
- CPA or CMA preferred
- MBA highly desirable
- Minimum of 5 years’ accounting experience in a manufacturing environment
- SOX (Sarbanes-Oxley Act) reporting experience is preferred
- Previous public accounting experience with manufacturing clients is a plus