What are the responsibilities and job description for the Controller position at Walts Petroleum Service Inc?
Description:
JOB SUMMARY:
The Controller is responsible for the accounting and financial operations of the business, including billing, accounts payable and receivable, general ledger, month-end, and year-end close process.
CORE RESPONSIBILITIES:
- Responsible for all aspects of the accounting and financial operations.
- Responsibly for Monthly, Yearly & Annual Sales Tax Reporting.
- Bi-weekly Payroll Processing.
- Development and oversight of accounting procedures to support timely and accurate financial reporting.
- Responsible for compliance with GAAP, Federal, State, and Local financial reporting requirements.
- Continuously improve the financial reporting of the business.
- Responsible for cash flow management.
- Integration with service and construction to ensure revenue and cost are recognized in accordance with GAAP.
- Conduct financial analysis and research in support of all areas of operations.
- Coordinate and manage relationship with third party CPA firm to ensure the business complies with all applicable rules and regulations.
- Manage relationship with primary bank and other financial institutions that support business operations.
- Plan and execute annual budgeting process for review by leadership team.
- Responsible for maintaining capital equipment budget and replacement schedule.
- Supervise and direct the work of all Accounting Staff.
- Coordinate with software vendor to maintain accounting software systems; recommends updates to enhance the accounting software.
- Responsible for identifying deficiencies in current software systems and developing procedures to ensure compliance with GAAP and Tax regulations.
- Manage RFP process for third party service providers.
ADDITIONAL RESPONSIBILITIES:
- Critical interface between other departmental support operations - service and construction billing, job accounting, inventory and purchasing.
- Provide guidance regarding financial policies and procedures and questions relating to accounting and reporting
- Maintain current knowledge of organizational policies and procedures, federal and state policies and directives, and current accounting standards
- Manage records created and received related to accounting functions
KEY TRAITS:
- Critical thinker and lifelong learner.
- Confidant to Shareholders and General Manager
- Expert knowledge of accounting principles.
- Expert knowledge of business principles.
- Emotionally intelligent.
- Expert communicator with both internal and external stakeholders.
- Strong organizational skills
- Work well under pressure and meet constant deadlines.
- Expert Level proficiency in Microsoft Excel, including Pivot Tables and Vlookups.
- Proficient in Microsoft Word, Outlook, and Power point.
5 years of relevant experience.
Minimum Associate’s Degree required.
Bachelor’s Degree in Accounting or Finance is preferred.
CPA / CMA is helpful.
Job costing and construction accounting knowledge is helpful.