What are the responsibilities and job description for the Controller position at Precision Castparts?
The Controller will be responsible for the overall financial management, SOX compliance & control and for protection of the assets for the group. This individual will maximize return on financial assets, achieving annual growth in revenue and EBIT targets through internal growth and additional market penetration opportunities.
Responsibilities
Responsibilities
- Manage the performance of the finance group and participate on the senior leadership team.
- Work closely with the business leaders to achieve financial commitments, proactively identify issues and create recovery plans, drive execution.
- Actively identify cost savings and process improvement opportunities throughout business.
- Maintain the accuracy and integrity of the operation’s financial statements, QOR and FQR schedules.
- Maintain an effective cost accounting system and financial reporting structure.
- Accountable for balance sheet including provision calculations and reconciliations.
- Provide leadership to strengthen the internal control environment and maintain SOX section 404 compliance for the business unit. Coordinate with internal and external auditors.
- Participate in any plant ERP implementation or upgrade.
- Prepare and review cap ex requests to comply with corporate guidelines for proper financial returns.
- Oversee operational policy controls and implementation as directed by corporate or division management.
- Prepare and review annual budget and forecast.
- Prepare and organize operational review materials including monthly and quarterly reporting and on-site visits.
- Administer systems and policies to effectively measure financial and operational performance.
- Report on financial status of business units to Division staff on a monthly, quarterly, and annual basis.
- Manage the monthly consolidation of financial results for division management prior to submitting the final version to corporate.
- Manage long and short-range operational planning and performance measurement including, profit planning, sales forecasts, expense budgeting, asset utilization, cost standards, capital investing and labor tracking.
- MOR & FQR attendance required
- Prepare specialized reports as needed by operations, division, and corporate management.
- Five (5) to seven (7) years financial management experience in progressively responsible positions within, public, multi-site/cultural manufacturing organizations with a demonstrated track record of accountability and achievement
- Strong skills and knowledge of accounting theory and application of financial principles (GAAP)
- Knowledge and experience managing financial operations in a multi-site environment.
- Demonstrated track record of financial control and analysis within a complex manufacturing environment
- Working knowledge of IT; ability to recommend changes and upgrades to meet the needs of the business. Strong managerial presence that reflects a “hands-on”, participative, pro-active operating style.
- Prior acquisition experience – due diligence, transitions, opening balance sheet, financial integration, etc. Excellent communication, planning and organization skills.
- B.S. degree required. MBA/CPA preferred.
- Experience with LIFO Accounting.
- Working knowledge of IT; ability to recommend changes and upgrades to meet the needs of the business.