What are the responsibilities and job description for the Controller position at The Timken Company?
Your Career Begins at Timken
If you're ready for a challenging career that provides you with the ability to advance personally and professionally, look to Timken. Our associates make the world more productive by improving the efficiency and reliability of the machinery that keeps industry in motion.
This role is responsible for the accuracy and integrity of all financial information for Bearing Inspection Inc. (Bii) - Los Alamitos. As a critical member of the plant’s management team, the Plant Controller is responsible for driving the financial performance and ensuring that economic rigor is applied to the decision-making process. This includes efforts to reduce invested capital, improve cash flow, and drive continuous improvement in cost and productivity.
Essential Responsibilities
All qualified applicants shall be treated equally according to their individual qualifications, abilities, experiences and other employment standards. There will be no discrimination due to gender or gender identity, race, religion, color, national origin, ancestry, age, disability, sexual orientation, veteran/military status or any other basis protected by applicable law.
If you're ready for a challenging career that provides you with the ability to advance personally and professionally, look to Timken. Our associates make the world more productive by improving the efficiency and reliability of the machinery that keeps industry in motion.
This role is responsible for the accuracy and integrity of all financial information for Bearing Inspection Inc. (Bii) - Los Alamitos. As a critical member of the plant’s management team, the Plant Controller is responsible for driving the financial performance and ensuring that economic rigor is applied to the decision-making process. This includes efforts to reduce invested capital, improve cash flow, and drive continuous improvement in cost and productivity.
Essential Responsibilities
- Serve as a partner to the Bii Business Manager and their respective teams to drive business performance to meet company objectives.
- Lead, direct, and coach the Bii finance team in all functional activities, including general accounting, job cost accounting, inventory validation, accounts payable, customer collections & credit, and payroll.
- Create annual operating & capital budgets, plans and forecasts consistent with strategic objectives and company’s standards and protocols. This includes providing oversight and input over the development of the sales budgets. Also includes inputting and updating budget & forecast data into OneStream as needed.
- Define annual financial plans and forecasts in alignment with the corporate finance processes and direction and consistent with the strategic business objectives.
- Lead the finance team to produce accurate and timely recording and reporting of financial statements and business results and recommendations and implementation of corrective action as appropriate.
- Lead the efforts to create accurate, timely and effective processes and systems to record accounting transactions for the business (P&L, Working Capital, Balance Sheet, Capex and Cash Flow) including supporting functions of Plant Accounting, A/R and A/P.
- Lead the effort to create accurate and effective processes to provide financial analysis to understand cost and margin performance to support varying business needs and initiate corrective actions where necessary.
- Coordinate all audit, internal controls and SOX compliance activities with corporate and local governments when applicable.
- Adherence to US GAAP and Sarbanes Oxley to support external public company financial reporting requirements.
- Drive a performance and talent management culture within finance and accounting departments to meet objectives and establish a continuous improvement culture.
- Coordinate and oversee timely and accurate month-end close process of the finance teams including the uploading of month-end financial data into OneStream.
- Review and approve account reconciliations monthly in Blackline.
- Prepare slides for budget & monthly business performance meetings.
- Develop annual burden rates for both businesses.
- Provide oversight & support for annual physical inventory counts. Investigate and recommend process improvements as a result of any large book to count adjustments.
- Collaborate on significant customer and vendor contract negotiations as needed.
- Prepare capital spending justifications
- Bachelor degree in Business - Accounting/Finance and 8 years experience
- Master of MBA-Accounting/Finance preferred
- 5 years of Plant Controller experience
- CPA/CMA Preferred
- Full scale accounting knowledge (financial reporting, internal controls, budgeting, processes)
- Large ERP & Forecasting Systems experience preferably Epicor and OneStream
- Self-starter with ability to work independently
- Adaptability and willingness to wear multiple hats
- Manufacturing experience required with multi-site experience preferred
All qualified applicants shall be treated equally according to their individual qualifications, abilities, experiences and other employment standards. There will be no discrimination due to gender or gender identity, race, religion, color, national origin, ancestry, age, disability, sexual orientation, veteran/military status or any other basis protected by applicable law.
Salary : $130,000 - $155,000