Assistant Plant Controller

An Assistant Controller oversees the financial operations and ensuring compliance with accounting standards within the manufacturing facility. Reporting to Plant Controller, the Assistant Controller plays a critical role in providing financial leadership and support to the manufacturing plant, ensuring accurate financial reporting, effective cost management, and compliance with regulatory requirements to drive the plant's overall success. Given the sensitive nature of financial information, maintaining confidentiality is crucial. This role must adhere to strict ethical standards and ensure the security of financial data. Job Responsibilities: Financial Reporting : They are responsible for preparing accurate and timely financial reports for internal and external stakeholders. This includes income statements, balance sheets, cash flow statements, and other financial statements required for management decision-making and regulatory compliance. Budgeting and Forecasting: Assistant Controllers assist in the development of annual budgets and forecasts for the plant's financial performance. They monitor actual financial results against budgeted targets, analyze variances, and provide insights to support decision-making. Cost Accounting : They oversee the plant's cost accounting processes, ensuring accurate allocation of costs to products or product lines. This involves tracking direct and indirect manufacturing costs, analyzing cost trends, and identifying opportunities for cost reduction or process improvement. Internal Controls and Compliance : Assistant Controllers establish and maintain internal controls to safeguard plant assets and ensure compliance with company policies, accounting standards (such as GAAP), and regulatory requirements. This includes conducting internal audits and implementing corrective actions as needed. Inventory Management: They work closely with the operations team to manage inventory levels effectively. This involves reconciling inventory records, conducting physical inventory counts, and analyzing inventory turnover to optimize working capital and minimize carrying costs. Financial Analysis: Assistant Controllers perform financial analysis to support decision-making and strategic planning. This may include profitability analysis by product line, customer, or market segment, as well as evaluating capital investment opportunities and ROI analysis. Tax Compliance: They collaborate with tax professionals to ensure compliance with tax regulations and reporting requirements. This includes preparing and filing tax returns, responding to tax inquiries, and implementing tax planning strategies to minimize tax liabilities. Financial Systems and Processes: Assistant Controllers oversee financial systems and processes within the plant, ensuring they are efficient, accurate, and aligned with corporate standards. They may lead or participate in system implementations or upgrades to improve financial reporting and analysis capabilities. Ad Hoc Projects: They may be called upon to participate in special projects or initiatives aimed at improving operational efficiency, reducing costs, or enhancing financial performance within the plant. Qualifications: Financial Reporting : They are responsible for preparing accurate and timely financial reports for internal and external stakeholders. This includes income statements, balance sheets, cash flow statements, and other financial statements required for management decision-making and regulatory compliance. Budgeting and Forecasting: Assistant Controllers assist in the development of annual budgets and forecasts for the plant's financial performance. They monitor actual financial results against budgeted targets, analyze variances, and provide insights to support decision-making. Cost Accounting : They oversee the plant's cost accounting processes, ensuring accurate allocation of costs to products or product lines. This involves tracking direct and indirect manufacturing costs, analyzing cost trends, and identifying opportunities for cost reduction or process improvement. Internal Controls and Compliance : Assistant Controllers establish and maintain internal controls to safeguard plant assets and ensure compliance with company policies, accounting standards (such as GAAP), and regulatory requirements. This includes conducting internal audits and implementing corrective actions as needed. Inventory Management: They work closely with the operations team to manage inventory levels effectively. This involves reconciling inventory records, conducting physical inventory counts, and analyzing inventory turnover to optimize working capital and minimize carrying costs. Financial Analysis: Assistant Controllers perform financial analysis to support decision-making and strategic planning. This may include profitability analysis by product line, customer, or market segment, as well as evaluating capital investment opportunities and ROI analysis. Tax Compliance: They collaborate with tax professionals to ensure compliance with tax regulations and reporting requirements. This includes preparing and filing tax returns, responding to tax inquiries, and implementing tax planning strategies to minimize tax liabilities. Financial Systems and Processes: Assistant Controllers oversee financial systems and processes within the plant, ensuring they are efficient, accurate, and aligned with corporate standards. They may lead or participate in system implementations or upgrades to improve financial reporting and analysis capabilities. Ad Hoc Projects: They may be called upon to participate in special projects or initiatives aimed at improving operational efficiency, reducing costs, or enhancing financial performance within the plant.