What are the responsibilities and job description for the Assistant Controller position at Precision Castparts?
Summary
This position will be responsible for many of the day to day finance activities including but not limited to month end close, inventory and costing systems, forecasting and budgeting process. This position will also participate in the preparation of MOR (monthly operations review) and annual budget presentations.
Essential Functions
Inventory management and valuation: set and periodically change standards and charging rates. Refines and maintains the integrity of the plant’s SAP Inventory by verifying the accuracy of production and stores inventory while maintaining clean cut offs for month, quarter and year end. Work in coordination with production control for cycle counts and physical inventories.
Month, quarter and year end closes along with analysis and reconciliations. Assist in month-end close process within deadlines
Review, analyze, and reconcile GL accounts including but not limited to accounts payables, accounts receivables, cash, pre-paid, fixed assets, and accrued liabilities.
Work with operations and Continuous Improvement teams in developing and monitoring the larger CI Projects.
Reporting - QOR (quarterly operations review), FQR (financial quarterly reviews), MOR (monthly operations review), weekly P&L. weekly QOR.
Work with internal and external auditors for Financial and SOX (Sarbanes Oxley) reviews and improvements. Provide leadership to strengthen internal control environment and maintain SOX section 404 compliance.
Prepare monthly, quarterly and annual P&L consolidations and financial reporting consistent with GAAP and PCC Policy.
Assist with the preparation and review of company financial statements and statistical reporting, including journal entries
Ensure accuracy and timeliness of financial analyses for significant transactions, and major capital expenditure proposals; present leadership team with a clear and concise review of current and projected operating results.
Exercise strong leadership skills including communications and teamwork between finance, operating groups, division and corporate staff.
Partner with the General Manager, Plant Controller and other members of the leadership team; provide advice and counsel on a wide range of issues facing the business.
Forecasts and Budgets development, analysis, and reviews with plant management.
Facilitate timely development of financial plans, including sales, profits, capital spending, standard cost, cash flow and balance sheets. Proactively assess key assumptions underlying operating plans; identify major risks and opportunities and compare to management expectations.
Support sales through review of quotes consistent with corporate profit objectives.
Coordinate with internal and external auditors to ensure efficient reviews of financial data and controls.
Support and assist the budget generation process.
Additional Responsibilities
Will work very closely with operations, maintenance, continuous improvement, and engineering to help these departments continue to reduce costs as new requirements and reports are needed.
May act as a back-up to Controller.
Perform special projects as needed.
Perform other duties as assigned.
Qualifications
Competencies
Accountability – Accepts personal responsibility for the quality and timeliness of his/her work. Acknowledges and corrects mistakes. Doesn’t make excuses or blame others for errors or problems. Carries his/her fair share of the workload. Does what he/she commits to doing.
Analytical - Analyzes complex or diverse information; Collects and researches data; Uses intuition and experience to complement data; Designs work flows and procedures
Business Acumen - Understands business implications of decisions; Displays orientation to profitability; Demonstrates knowledge of market and competition; Aligns work with strategic goals. Communication/Interpersonal Skills - Maintains a positive attitude, works at maintaining positive work relationships, ability to communicate effectively with co-workers, effectively communicates with outside contacts, strong impact and selling skills
Ethics and Integrity - Respects and maintains confidentiality. Admits mistakes in spite of the potential for negative consequences. Presents unpleasant or disagreeable facts in an appropriate manner. Keeps promises; meets goals and deadlines. Avoids situations and associations that could be considered inappropriate. Honest in all dealings. Upholds and models organization’s values. Works Efficiently - Effective at planning and organizing work and using time management to ensure deadlines are met and targets are achieved. Able to reschedule plans to cope with unexpected occurrences. Maintains well-organized materials, files, systems and tools. Breaks work down into logical steps. Anticipates and eliminates roadblocks and delays. Stays within allotted time for accomplishing tasks. Completes tasks in the shortest, most efficient manner. Makes sure all parts of a job are completed in full, including follow-up plans and paperwork
Education and Experience
CPA or MBA preferred.
BS/BA - Accounting or Finance with 5 to 10 years of experience in similar job function.
Special Skills
Microsoft office experience with extensive knowledge of Excel. SAP knowledge preferred.
Good working knowledge of general accounting principles with a working knowledge of Full Cost Absorption (FCA).
Good analytical and problem solving skills with the ability to plan and manage multiple projects simultaneously.
Detailed, accurate, and organized with the ability to work independently and as a self-starter.
Working knowledge of LEAN/TOC principles.
Strong verbal and written communication skills.
Strong customer service skills.
Must be able to responsibly handle confidential information.
Additional Notes
This position will act as a backup to the plant controller with the expectation that professional growth is desired.
Proof of US citizenship, nationality, and/or permanent resident status in order to comply with all applicable export and import laws and regulations.
Physical Dimensions
Physical Demands – The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is frequently required to talk or hear; frequently required to stand, walk, or sit; frequently required to use hands to finger, handle or feel and reach with hands and arms.
The employee is rarely required to stoop, kneel, crouch or crawl.
The employee must occasionally lift and or move up to 10 pounds.
Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception.
Work Environment – The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The typical work environment is a standard office setting.
The employee is rarely required to perform work in a mill environment with rare exposure to wet or humid conditions / work near moving mechanical parts / fumes or airborne particles / toxic or caustic chemicals.
The typical noise level is quiet conditions.
This position will be responsible for many of the day to day finance activities including but not limited to month end close, inventory and costing systems, forecasting and budgeting process. This position will also participate in the preparation of MOR (monthly operations review) and annual budget presentations.
Essential Functions
Inventory management and valuation: set and periodically change standards and charging rates. Refines and maintains the integrity of the plant’s SAP Inventory by verifying the accuracy of production and stores inventory while maintaining clean cut offs for month, quarter and year end. Work in coordination with production control for cycle counts and physical inventories.
Month, quarter and year end closes along with analysis and reconciliations. Assist in month-end close process within deadlines
Review, analyze, and reconcile GL accounts including but not limited to accounts payables, accounts receivables, cash, pre-paid, fixed assets, and accrued liabilities.
Work with operations and Continuous Improvement teams in developing and monitoring the larger CI Projects.
Reporting - QOR (quarterly operations review), FQR (financial quarterly reviews), MOR (monthly operations review), weekly P&L. weekly QOR.
Work with internal and external auditors for Financial and SOX (Sarbanes Oxley) reviews and improvements. Provide leadership to strengthen internal control environment and maintain SOX section 404 compliance.
Prepare monthly, quarterly and annual P&L consolidations and financial reporting consistent with GAAP and PCC Policy.
Assist with the preparation and review of company financial statements and statistical reporting, including journal entries
Ensure accuracy and timeliness of financial analyses for significant transactions, and major capital expenditure proposals; present leadership team with a clear and concise review of current and projected operating results.
Exercise strong leadership skills including communications and teamwork between finance, operating groups, division and corporate staff.
Partner with the General Manager, Plant Controller and other members of the leadership team; provide advice and counsel on a wide range of issues facing the business.
Forecasts and Budgets development, analysis, and reviews with plant management.
Facilitate timely development of financial plans, including sales, profits, capital spending, standard cost, cash flow and balance sheets. Proactively assess key assumptions underlying operating plans; identify major risks and opportunities and compare to management expectations.
Support sales through review of quotes consistent with corporate profit objectives.
Coordinate with internal and external auditors to ensure efficient reviews of financial data and controls.
Support and assist the budget generation process.
Additional Responsibilities
Will work very closely with operations, maintenance, continuous improvement, and engineering to help these departments continue to reduce costs as new requirements and reports are needed.
May act as a back-up to Controller.
Perform special projects as needed.
Perform other duties as assigned.
Qualifications
Competencies
Accountability – Accepts personal responsibility for the quality and timeliness of his/her work. Acknowledges and corrects mistakes. Doesn’t make excuses or blame others for errors or problems. Carries his/her fair share of the workload. Does what he/she commits to doing.
Analytical - Analyzes complex or diverse information; Collects and researches data; Uses intuition and experience to complement data; Designs work flows and procedures
Business Acumen - Understands business implications of decisions; Displays orientation to profitability; Demonstrates knowledge of market and competition; Aligns work with strategic goals. Communication/Interpersonal Skills - Maintains a positive attitude, works at maintaining positive work relationships, ability to communicate effectively with co-workers, effectively communicates with outside contacts, strong impact and selling skills
Ethics and Integrity - Respects and maintains confidentiality. Admits mistakes in spite of the potential for negative consequences. Presents unpleasant or disagreeable facts in an appropriate manner. Keeps promises; meets goals and deadlines. Avoids situations and associations that could be considered inappropriate. Honest in all dealings. Upholds and models organization’s values. Works Efficiently - Effective at planning and organizing work and using time management to ensure deadlines are met and targets are achieved. Able to reschedule plans to cope with unexpected occurrences. Maintains well-organized materials, files, systems and tools. Breaks work down into logical steps. Anticipates and eliminates roadblocks and delays. Stays within allotted time for accomplishing tasks. Completes tasks in the shortest, most efficient manner. Makes sure all parts of a job are completed in full, including follow-up plans and paperwork
Education and Experience
CPA or MBA preferred.
BS/BA - Accounting or Finance with 5 to 10 years of experience in similar job function.
Special Skills
Microsoft office experience with extensive knowledge of Excel. SAP knowledge preferred.
Good working knowledge of general accounting principles with a working knowledge of Full Cost Absorption (FCA).
Good analytical and problem solving skills with the ability to plan and manage multiple projects simultaneously.
Detailed, accurate, and organized with the ability to work independently and as a self-starter.
Working knowledge of LEAN/TOC principles.
Strong verbal and written communication skills.
Strong customer service skills.
Must be able to responsibly handle confidential information.
Additional Notes
This position will act as a backup to the plant controller with the expectation that professional growth is desired.
Proof of US citizenship, nationality, and/or permanent resident status in order to comply with all applicable export and import laws and regulations.
Physical Dimensions
Physical Demands – The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is frequently required to talk or hear; frequently required to stand, walk, or sit; frequently required to use hands to finger, handle or feel and reach with hands and arms.
The employee is rarely required to stoop, kneel, crouch or crawl.
The employee must occasionally lift and or move up to 10 pounds.
Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception.
Work Environment – The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The typical work environment is a standard office setting.
The employee is rarely required to perform work in a mill environment with rare exposure to wet or humid conditions / work near moving mechanical parts / fumes or airborne particles / toxic or caustic chemicals.
The typical noise level is quiet conditions.