Assistant Controller

Cemstone•Mendota Heights, MN

11d•$150,000 - $175,000•Onsite

About The Position

The Assistant Controller is responsible for the accuracy of the Company’s general ledger and its compliance with GAAP. This role prepares internal financial reports, ensuring they are timely, accurate, and compliant with GAAP. The Assistant Controller manages communication to the Controller and CFO regarding regulatory requirements and the implementation of new accounting literature. This position supports the optimization and continuous improvement of financial systems to enhance data accuracy, efficiency, internal controls, and management reporting. The Assistant Controller assists the Controller in establishing and maintaining financial control policies to safeguard corporate assets. This role also manages the annual external audit, including the preparation of audit work papers and acting as the liaison with the external audit team. Additionally, the Assistant Controller manages bank transfers for various payments, maintains fixed asset records, manages sales and use tax records and returns, supports cost reduction initiatives, assists with inventory management, supports acquisitions, and partners with management on department budgets and company projects.

Requirements

7-10 years of financial accounting experience preferably in a manufacturing environment
3 years of supervisory experience
Bachelor’s degree in Accounting or Finance required
Proven analytical and problem-solving skills
Excellent organizational and verbal/written communication skills
Demonstrated ability to effectively partner with and advise assigned business groups to achieve desired results
Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals.
Ability to write routine reports and correspondence including process documentation.
Ability to speak effectively before groups or employees of the organization.
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages and volume.
Ability to apply concepts of basic algebra and geometry.
Ability to apply common sense understanding to carry out instructions furnished in written, oral or diagram form.
Ability to deal with problems involving several concrete variables in standardized situations.
Knowledge of Accounting software, Spreadsheet software and Word Processing Software.

Nice To Haves

CPA/CMA or MBA preferred
Experience with multi-plant, multi-company environment preferred

Responsibilities

Manages and mentors a team of accountants to foster initiative-taking processes and improvements by the staff.
Responsible for accuracy of the Company’s general ledger and its compliance with GAAP.
Prepare internal financial reports, and ensure that they are timely, accurate, and in compliance with GAAP.
Manage communication to the Controller and CFO to ensure all regulatory requirements are met, emerging accounting literature is understood, and properly and timely implemented for all Cemstone / TCC companies.
Support the optimization and continuous improvement of financial systems to enhance data accuracy, efficiency, internal controls, and management reporting.
Assists the Controller in establishing and maintaining financial control policies safeguarding corporate assets.
Manages the annual external audit and preparation of all company audit work papers, including the review of all company trial balances with reconciliations as required.
Function as the lead person and liaison with the external audit team, providing them with data and work papers necessary to complete the required fieldwork.
Assists the Controller in promoting a culture of continuous improvement to ensure department processes and procedures are reviewed regularly for efficiency and effectiveness, developing metrics to measure improvements.
Manages bank transfers for worker’s compensation, health care, 401K and tax payments.
Responsible for all fixed asset records, including depreciation, fixed asset acquisitions and dispositions, reconciliations and maintaining Construction-In-Progress records.
Manage sales and use tax records for all companies including the calculation of monthly sales and use tax owed by company, by state.
Manage the monthly/quarterly tax returns and timely payment of tax as required.
Assist with all sales and use tax audits.
Support the company to improve gross margins through cost reduction initiatives, and collaborate with cross functional teams to drive the company growth initiatives.
Assist with the management of inventory, including inventory balances, variances, and reserves.
Supervise physical inventories and cycle count programs and prepare year-end inventory audit papers.
Support the analysis and reporting of purchase price variances, operational overhead expenses, and inventory variances, including the calculation of accruals/reserves as required.
Assist with acquisitions including physical inventories, asset valuation and set up, and training of acquired staff as needed.
Partner with mid and senior level management in managing department budgets and influence decisions to achieve financial goals.
Participate in and lead company projects and initiatives as required.