What are the responsibilities and job description for the Controller position at Trio Manufacturing, Inc.?
TRIO MANUFACTURING
Controller
$150,000 - $220,000 PER YEAR
FULL-TIME EMPLOYEE
EL SEGUNDO, CA
Key Objectives
Controller
$150,000 - $220,000 PER YEAR
FULL-TIME EMPLOYEE
EL SEGUNDO, CA
Key Objectives
- Develop and execute the company’s overall financial strategy, aligning it with operational goals and long-term business objectives.
- Oversee all aspects of financial management, including accounting, financial planning and analysis , budgeting, forecasting, cash management, profit and loss, and risk management.
- Provide strategic financial leadership and guidance to the President and Executive Vice President, offering insights and recommendations to optimize profitability and efficiency.
- Ensure the integrity and accuracy of all financial reporting, adhering to relevant regulatory requirements specific to the manufacturing industry.
- Drive the development and implementation of robust financial controls and processes to safeguard company assets and ensure operational efficiency.
- Lead the annual budgeting process, working closely with operational leaders to develop realistic and achievable financial plans.
- Analyze financial performance against budget and forecasts, identifying variances and recommending corrective actions to improve profitability and cost management.
- Manage relationships with external stakeholders, including banks, auditors, insurance providers, and other financial partners.
- Evaluate and manage capital expenditure projects, ensuring alignment with strategic objectives and maximizing return on investment.
- Provide financial oversight for inventory management, production costing, and supply chain finance.
- Identify and mitigate financial risks specific to the manufacturing industry, such as commodity price fluctuations, supply chain disruptions, and inventory obsolescence.
- Lead and mentor the finance and accounting team, fostering a high-performance culture focused on accuracy, efficiency, and continuous improvement.
- Oversee all accounting functions, including general ledger, accounts payable, accounts receivable, and payroll, ensuring accuracy and compliance.
- Support Human Resources with financial data and analysis related to payroll, benefits, compensation planning, and budgeting.
- Develop and maintain comprehensive financial planning and analysis reports, providing insights into key performance indicators (KPIs) relevant to manufacturing operations (e.g., cost of goods sold, gross margin, inventory turnover).
- Lead the development of annual operating, capital, and program budgets, incorporating input from all departments.
- Monitor cash flow and implement strategies to optimize working capital management.
- Manage relationships with lending institutions and negotiate financing arrangements as needed.
- Oversee the company’s insurance programs, ensuring adequate coverage for all risks.
- Implement and maintain a robust system of internal controls to protect company assets.
- Analyze manufacturing costs, identify areas for improvement, and implement cost-saving initiatives.
- Manage inventory valuation and control processes, ensuring accuracy and minimizing obsolescence.
- Evaluate potential mergers, acquisitions, and other strategic financial initiatives.
- Ensure compliance with all relevant financial regulations and reporting requirements specific to the manufacturing industry.
- Present financial results and forecasts to the executive team and the board of directors.
- Stay abreast of industry trends and best practices in manufacturing finance.
- Lead the implementation and optimization of financial systems and technologies (e.g., ERP systems).
- Bachelor’s degree in Accounting, Finance, or a related field is required; a Master’s degree or MBA is highly preferred.
- CPA (Certified Public Accountant) certification is strongly preferred.
- Minimum of 10 years of progressive experience in financial leadership roles, with a significant portion of that experience within the manufacturing industry.
- Deep understanding of manufacturing cost accounting principles, inventory valuation methods, and operational finance.
- Proven track record of developing and implementing financial strategies that drive business growth and profitability in a manufacturing environment.
- Strong knowledge of accounting standards.
- Excellent analytical, problem-solving, and decision-making skills.
- Exceptional communication, presentation, and interpersonal skills, with the ability to effectively communicate complex financial information to both financial and non-financial stakeholders.
- Strong leadership and team management skills, with the ability to build and motivate a high-performing finance team.
- Proven ability to work collaboratively across departments and influence key stakeholders.
- Strong ethical standards and a commitment to financial integrity.
- Experience with risk management and internal controls within a manufacturing setting.
- Exceptional leadership, organizational, and decisive decision-making capabilities.
- Extensive and in-depth knowledge of:
- The financial industry
- Manufacturing industry practices
- Current market trends and economic indicators
- Advanced data analysis and forecasting methodologies
- Corporate financial law and risk management principles
- MRP/ERP systems
- Demonstrated proficiency in Microsoft Office Suite and financial management software.
- A proven history of strategic thinking and effective problem-solving.
- Outstanding communication (verbal, written, and visual) and interpersonal skills.
Salary : $150,000 - $220,000
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