Controller – CNC Machine Shop

Reports To: President

FLSA Status: Exempt

SUMMARY: The Controller at Rimeco Products, Inc. will be responsible for managing all financial aspects of the organization. This role requires a skilled financial professional with a deep understanding of accounting principles, budgeting, and financial analysis, along with the ability to provide strategic financial guidance.

DUTIES AND RESPONSIBILITIES: 

• Financial Management:
  1. Oversee financial operations, including accounting, budgeting, forecasting, and financial reporting.
  2. Develop and manage the annual budget, monitoring variances and implementing cost-saving measures.
  3. Manage financing of new equipment, asset and depreciation schedule and the purchase and set-up of new loans for equipment.
• Financial Reporting:
  1. Prepare accurate and timely financial statements, including income statements, balance sheets, and cash flow statements with net income and EBITDA calculations.
  2. Provide financial analysis and insights to support decision-making.  Create journal entries where needed to record accruals and other required entries.
  3. Manage and record required information for yearly R&D credit.
• Cost Analysis:
  1. Analyze costs and expenses to identify areas for cost reduction and efficiency improvements.
  2. Work closely with department heads to develop and track cost-saving initiatives.
  3. Review Jobs for actual vs. estimated costs and update as required.
• Audit and Compliance:
  1. Ensure compliance with accounting principles, industry regulations, and tax laws.
  2. Oversee payroll and audit reports to ensure it is completed correctly.
• Cash Management:
  1. Manage cash flow, optimizing working capital to meet operational needs.
  2. Monitor and forecast cash requirements, manage the line of credit.
• Financial Planning:
  1. Develop and implement financial strategies to support the company's growth and profitability objectives.
  2. Evaluate investment opportunities and provide recommendations.
• Team Leadership:
  1. Lead, mentor, and manage the finance and accounting team, fostering a culture of professionalism and continuous improvement.
• Risk Management:
  1. Identify and mitigate financial risks that may impact the company's stability.
  2. Implement financial controls to safeguard company assets.
  3. Performs all other duties as assigned. 

QUALIFICATIONS: 

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Education and/or Experience – Bachelor’s degree in Finance, Accounting, or a related field (Master's degree or CPA preferred). Previous experience in manufacturing, preferably a machining environment. Strong knowledge of accounting principles and practices in a manufacturing environment, preferably a CNC Machine Shop. Excellent communication, leadership, and team management capabilities.
• Language Skills – Ability to read, analyze, and interpret common scientific and technical journals. Ability to respond to common inquiries or complaints from customers, regulatory agencies, or members of the business community. Ability to effectively present information to management. Ability to interact clearly and effectively, in both written and oral communication, with supervisor, clients, staff, vendors, etc.
• Mathematical Skills – To apply concepts such as fractions, percentages, ratios, and proportions to practical situations.
• Computer Skills – To perform this job successfully, an individual should be proficient in personal computer skills including electronic mail, record keeping, routine database activity, word processing, spreadsheet, etc. This role requires an above-average knowledge of Microsoft Office. Requires extensive knowledge and experience with QuickBooks and other accounting and ERP software.
• Other Qualifications – Proficiency in interpreting technical drawings and specifications.

COMPETENCIES:

• Customer Service – Refers to the ability to satisfy the expectations and requirements of customers. Displays courtesy and sensitivity and responds promptly to service requests. Identifies customer needs and explains services clearly. Handles difficult situations.
• Communication – Refers to the ability to inform orally and in writing, with clarity and good effect. Giving full attention to what other people are saying and asking questions as appropriate.  It means to understand clearly and quickly when instructions or orders are received. It means judgment about what information is important and what is not, and what should be communicated, how, to whom and when.
• Professionalism – Presents oneself in a professional manner; Adheres to Company dress code requirements; Shows respect towards others; Consistently places needs of clients first; Displays honesty and integrity both inside and outside the workplace. Identifies clients’ needs and explains services clearly. Handles difficult situations.
• Technical Skills – Has the functional and technical knowledge and skills to do the job at a high level of accomplishment.

PHYSICAL DEMANDS:

While performing the duties of this job, the individual must be able to remain in a stationary position for 90 percent of the time while operating their computer and performing office work. The individual needs to occasionally move about inside the office. They constantly operate a computer and other office productivity machinery, such as a calculator, copy machine, fax machine, and computer printer. They must be able to exchange accurate information with customers and others in the office while interacting. The employee must regularly move up to 15 pounds and occasionally up to 25 pounds. The individual must be capable of reviewing their work for errors and make adjustments as necessary.

WORK ENVIRONMENT:

While performing the duties of this Job, the individual is occasionally exposed to moving mechanical parts. The noise level in the work environment is usually low to moderate. The individual frequently works in a controlled climate.

Salary : $100,000 - $130,000