Vaco Recruiter Services
Plant Controller
Vaco Recruiter Services, Memphis, Tennessee, us, 37544
Vaco is working with a longstanding Memphis manufacturing client to fill their controller opening. Looking for a driven individual who can streamline financial and accounting processes with operations.
Amazing benefits and bonus opportunities here - further details below!Position Summary:
This position will lead and manage the financial interface to Operations by providing financial, technical and process guidance to both the Finance and Operations teams; will manage the cost accounting and accounts payable functions including financial analysis of material, labor and overhead spending, determining product cost and profitability, monitoring accuracy of inventory and cost of goods sold, ensuring timely vendor payments and cash forecasting. This position will also manage the budget function for Operations and assume a leadership role in continuous improvement functions for the company by providing timely and accurate cost accounting, analysis, and reporting. Work is performed under the general supervision of the Vice President Finance with latitude for the exercise of independent judgment and decision-making in performing day-to-day responsibilities; manages the work of other accounting employees.Key performance areas:
Serves as financial business partner and liaison between operations leadership and finance, strong knowledge of cost accounting principles, demonstrated leadership and people management skills, proven ability to perform in a highly visible, dynamic environment.Essential Duties and Responsibilities:
Manages the financial planning and analysis of the Operations division including the capital budget, preparation of annual operations budgets, monthly forecasts, and reports that identify variances, describe and analyze the nature of the variances, recommend corrective action to be taken, etc.Partner with Purchasing, Engineering and other departments to ensure the accurate costing of products; drives accountability for maintaining inventory accuracy.Recommends and develops costing systems, processes and procedures; manages operations accounting staff in monitoring cost and related financial systems for identification of, and recommendations for, procedural and processing improvements required for effective operational support.Responsible for ensuring that all operations related internal controls meet corporate guidelines.Reviews costing standards; monitors relevance of standards to actual environment; recommends periodic adjustments of standards.Manages activities related to inventory control including physical inventories; develops and implements policies, procedures and processes for physical counts, reconciliation and adjustments to inventory records.Initiates and manages studies and analyses to determine costs of business activities including raw material purchase price variances, manufacturing variances, loss variance.Develops procedures to calculate, monitor, and update labor and overhead rates for process/product costing; develops management reports specifying and comparing factors affecting product costs and related profitability.Prepares estimates of new or proposed product costs; recommends cost efficiencies in new products.Manages a timely month end close process and accurate month end reporting. Responsible for ensuring the integrity of financial reporting.Consolidates and reports key cost measurements monthly, quarterly, and year-to-date for benchmarking purposes.Conducts purchase price comparisons and analyzes variances; coordinates and works with purchasing on cost reduction measures; assists in adjusting vendor invoices against performance or quality issues.Manages the inventory accounts payable function, oversees related cash forecast activities.Conducts and reports results of special projects assigned by the Vice President Finance and/or self-initiated, on a timely basis along with conclusions and recommendations.May perform other financial analysis in support of strategic initiatives as required by the Vice President Finance or Vice President of Operations.Qualifications/Experience:
Bachelor’s degree in Accounting/Finance and a minimum of ten years accounting and financial experience with experience in a manufacturing environment, including five years managerial experience in a manufacturing environment; CPA/MBA a plus.Must have excellent PC/computer skills with proficiency in accounting reporting software; analytical skills; excellent organization skills; excellent analytical abilities; excellent oral and written communication skills; excellent knowledge of manufacturing operations and processes; demonstrated ability to organize and prioritize work assignments and projects; ability to work independently; ability to handle multiple priorities in a fast-paced environment; detail oriented; ability to participate in multi-functional teams; ability to establish and maintain effective working relationships within the organization; ability to establish and implement new processes.
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Amazing benefits and bonus opportunities here - further details below!Position Summary:
This position will lead and manage the financial interface to Operations by providing financial, technical and process guidance to both the Finance and Operations teams; will manage the cost accounting and accounts payable functions including financial analysis of material, labor and overhead spending, determining product cost and profitability, monitoring accuracy of inventory and cost of goods sold, ensuring timely vendor payments and cash forecasting. This position will also manage the budget function for Operations and assume a leadership role in continuous improvement functions for the company by providing timely and accurate cost accounting, analysis, and reporting. Work is performed under the general supervision of the Vice President Finance with latitude for the exercise of independent judgment and decision-making in performing day-to-day responsibilities; manages the work of other accounting employees.Key performance areas:
Serves as financial business partner and liaison between operations leadership and finance, strong knowledge of cost accounting principles, demonstrated leadership and people management skills, proven ability to perform in a highly visible, dynamic environment.Essential Duties and Responsibilities:
Manages the financial planning and analysis of the Operations division including the capital budget, preparation of annual operations budgets, monthly forecasts, and reports that identify variances, describe and analyze the nature of the variances, recommend corrective action to be taken, etc.Partner with Purchasing, Engineering and other departments to ensure the accurate costing of products; drives accountability for maintaining inventory accuracy.Recommends and develops costing systems, processes and procedures; manages operations accounting staff in monitoring cost and related financial systems for identification of, and recommendations for, procedural and processing improvements required for effective operational support.Responsible for ensuring that all operations related internal controls meet corporate guidelines.Reviews costing standards; monitors relevance of standards to actual environment; recommends periodic adjustments of standards.Manages activities related to inventory control including physical inventories; develops and implements policies, procedures and processes for physical counts, reconciliation and adjustments to inventory records.Initiates and manages studies and analyses to determine costs of business activities including raw material purchase price variances, manufacturing variances, loss variance.Develops procedures to calculate, monitor, and update labor and overhead rates for process/product costing; develops management reports specifying and comparing factors affecting product costs and related profitability.Prepares estimates of new or proposed product costs; recommends cost efficiencies in new products.Manages a timely month end close process and accurate month end reporting. Responsible for ensuring the integrity of financial reporting.Consolidates and reports key cost measurements monthly, quarterly, and year-to-date for benchmarking purposes.Conducts purchase price comparisons and analyzes variances; coordinates and works with purchasing on cost reduction measures; assists in adjusting vendor invoices against performance or quality issues.Manages the inventory accounts payable function, oversees related cash forecast activities.Conducts and reports results of special projects assigned by the Vice President Finance and/or self-initiated, on a timely basis along with conclusions and recommendations.May perform other financial analysis in support of strategic initiatives as required by the Vice President Finance or Vice President of Operations.Qualifications/Experience:
Bachelor’s degree in Accounting/Finance and a minimum of ten years accounting and financial experience with experience in a manufacturing environment, including five years managerial experience in a manufacturing environment; CPA/MBA a plus.Must have excellent PC/computer skills with proficiency in accounting reporting software; analytical skills; excellent organization skills; excellent analytical abilities; excellent oral and written communication skills; excellent knowledge of manufacturing operations and processes; demonstrated ability to organize and prioritize work assignments and projects; ability to work independently; ability to handle multiple priorities in a fast-paced environment; detail oriented; ability to participate in multi-functional teams; ability to establish and maintain effective working relationships within the organization; ability to establish and implement new processes.
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