Assistant Controller-TPR

Terumo•Caguas, PR

12d•Onsite

About The Position

The Assistant Controller will support the Controller with all finance and accounting related activities of TPR Plant facility. Responsibilities will include the month-end financial close and preparation of the resulting performance/variance analysis, and account reconciliations. The incumbent will work with the General Accountant and Sr. Cost Accountant to assure accurate management of the financial activities and reports. She/he will partner with Plant/Operations leadership on various matters, such as budgeting, forecasting, product costing, manufacturing variances analysis and reporting, capital projects and other related financial requests. In addition, will support the leadership on Margin Expansion initiatives, the development of cost models for new products and the needs of the Financial Management team. The Assistant Controller will also play a significant role in the Annual Operating Plan (AOP) for the site, responsible to maintain and update the standard costs and leading the annual cost-roll process. Assist in the Payroll administration activities. Also, the incumbent serves as a liaison with Divisional Finance team.

Requirements

Fully bilingual (English/Spanish) with excellent oral and written communication skills.
Strong analytical capabilities.
This is an onsite role. Maximum remote work: 10%
Proficiency in computer applications such as Microsoft Word and Power Point. Advance skills in Microsoft Excel.
Strong working knowledge of manufacturing cost accounting.
Must possess strong analytical skills and financial acumen (variance analysis, budgeting, forecasting, etc.).
Must have strong inter-personal and communication skills with demonstrated ability to interact effectively at a variety of levels – shop floor production team; Plant and Operations management; BU and Corporate functions and management. o Must be a “working manager’ with ability to take a “hands on” approach and perform effectively in a team environment. o Ability to work independently with limited supervision.
Must be able to effectively manage multiple priorities simultaneously and adapt to continuously changing demands and priorities.
Knowledge of ERP systems (SAP, Hyperion, Blackline)
Bachelor’s in Finance/Accounting, MBA or CPA preferred.
Must have a minimum of 7 - 10 years cost accounting experience.
MS Office proficiency, advanced Excel user. o Prior ERP systems experience (i.e. SAP, Hyperion, etc.).
Experience with electronic time & attendance system (ADP/Kronos preferred)

Responsibilities

Support the monthly financial close including reporting on monthly/quarterly results.
Assist with the preparation of weekly and monthly reports for Operations Business Review, including manufacturing variances in depth analysis and explanations of scrap, PPV, inventory adjustments, among others.
Prepare and submit the Terumo Corporation (TC) Stravis Reporting Package.
Prepare and submit additional Terumo Corporation monthly reports, such as: Factory PL, Inflationary Report, Product Cost, Production Budget vs Actual, among others.
Analyze monthly operating expenses by department/cost center and report major variances to departmental management and the TPR Controller.
Monitor site headcount, compensation and hiring activities to assure compliance with management strategies.
Perform Balance Sheet Account Reconciliations, including but not limited to Intercompany transactions, bank accounts and inventory. Capital Expenditures & Working Capital o Assist Project Managers in the preparation of capital expenditure proposals, verifying all relevant assumptions and preparing financial evaluations as needed (IRR, ROI, NPV, Payback, etc…)
Assist Project Managers in the preparation of capital expenditure proposals, verifying all relevant assumptions and preparing financial evaluations as needed (IRR, ROI, NPV, Payback, etc…)
Assist the Controller by reviewing all Expenditure Proposals (Ringi/Kessai) to validate accuracy and completeness of the form including proper GL coding, sufficient Justification, inclusion of attachments, correct and complete list of Recommenders/Approvers.
Monitor inventory levels and fluctuations, including evaluation of low movement inventory, in order to ensure optimal investment and initiate action to reduce excess or to update the reserve based on exposure.
Support financial modeling and work with Operations management to identify opportunities for Margin Expansion.
Manage standard costs and costing activities of TPR.
Review material costs obtained from TMC and 3rd party suppliers with Global Sourcing to assure accuracy and accurate reporting of PPV.
Review routings and calculate Direct Labor and Overhead (Direct/Indirect) rates within each Work Center
Assure accurate reflection of material, labor and overhead (direct/indirect) in BOM and product standard costs.
Troubleshoot any BOMs/Routings that appear inaccurate.
Report on Caguas (TPR) KPI and Variances
Clearly identify where and why variances/exceptions are occurring.
Update TPR Dashboards for Cost.
Support any request from TAH to participate or test new applications.
Support Finance and Operations management as required on ad hoc financial/management accounting and associated requirements.
Assist in the development of the Annual Operating Plan (AOP) budgeting process.
Work with Controller to coordinate Terumo PR AOP with TMC/TAH/TIS activities, assuring deadlines are met and site requirements are fully reflected.
Work in teamwork with management to update budget and forecast for:
Capital Projects and Depreciation
Headcount Requirements/Salary forecast assumptions.
Plant Period Costs
Production Plan
Direct Labor and Overhead
Manufacturing Variances
Simulate Std Costs
Perform and lead the plant annual “product cost roll process”.
Work with TAH Finance and IT on timing and expectations.
Assure rolled standard costs are in line with expectations.
Coordinate and assist in the requirements from internal and external audits.
Assist, as needed in: Audit, analysis, reconciliation, and review of the electronic time clocks data of employees’ hours worked assuring its appropriateness in its nature. Coordinate necessary adjustments; verification of missing punches and validate the data entry of absences (such as vacations, holidays & sick pay) Assure hours in payroll data tie with the supporting source documents.
Comply with TPR and TMC Quality System Requirements.
Support internal and external audit requests and inquiries.
Contribute to a positive work environment by fostering open communication with team members, other departments, and management, promote teamwork, and commitment to excellence.
Perform other job-related duties as assigned