Business Unit Controller

Standex•Billerica, MA

About The Position

Proactively identify activities that will create results that do not meet expectation and then developing and communicating actions that will prevent unfavorable outcomes. Collaborate with the General Manager and manufacturing leads to create budgets and forecasts for plant operations (P&L, CAPEX, and working capital) and to ensure daily activities are aligned to meet the results that this position has worked to develop. Serve as a business change agent, providing expertise on the financial health of the organization, while understanding the business process beyond financial accounting to provide suggestions for improvement when possible. Develop and enhance daily monitoring and monthly accounting tools to proactively provide usable information to the GM and manufacturing managers. Use and develop the created information to work closely with site leadership in percentage of and cost to completion, production planning, material cost, inventory management and production costing to proactively identify cost drivers and resolve cost over runs before they become larger issues. Create tools to analyze weekly results to plan for both overhead spending and production order performance. Proactively provide in-depth analysis of product cost standards and actual results discussing reasons for results and methods to improve performance. Proactively work with site leader and manufacturing manager to develop capital expenditure proposals yielding demonstrative financial improvements. Measure financial results against developed projections and provide tangible improvement proposals to ensure achievement of developed targets. Full responsibility for preparing accurate, detailed financial budgets and forecasts for P&L, CAPEX, and Net Working Capital components. In conjunction with the Standex Information Technology group, coordinate the companies IT activities to improve timeliness and accuracy of revenue recognition processes. Implement new applications and activities on the company’s integrated Epicor ERP system. Ensure that proper accounting and financial controls are in place and in compliance with company policies, GAAP practice and regulatory requirements especially around revenue recognition and inventory costing. All IT and continuous improvement activities to be carried out in line with centralized initiatives to create standard processes across ETG divisions. Role should regularly review timeliness and accuracy of tasks owned by shared services, and carry overall responsibility for content of reconciliations and resolution of potential risk areas before they become an area of concern. Primary contact for internal and external audit, ownership for query close outs and issue resolution.

Requirements

Bachelor of Arts / Science Degree in accounting.
10+ years experience in manufacturing operations and 5+ years experience in a plant operation.
Extensive experience in cost accounting in a job cost environment that records revenue under a percentage of completion revenue recognition model is essential.
Experience across the full complement of accounting duties including but not limited to budgeting, forecasting, variance analysis and inventory management.
Excellent analytical and financial modeling skills.
Strong knowledge of GAAP accounting principles, operational controls, asset management and risk assessment analysis

Nice To Haves

Great attention to detail and strong communication skills
An all-hands-on-deck, process-oriented leader able to role model teamwork, risk management, decision making, execution and resilience.

Responsibilities

Proactively identify activities that will create results that do not meet expectation and then developing and communicating actions that will prevent unfavorable outcomes.
Collaborate with the General Manager and manufacturing leads to create budgets and forecasts for plant operations (P&L, CAPEX, and working capital) and to ensure daily activities are aligned to meet the results that this position has worked to develop.
Serve as a business change agent, providing expertise on the financial health of the organization, while understanding the business process beyond financial accounting to provide suggestions for improvement when possible.
Develop and enhance daily monitoring and monthly accounting tools to proactively provide usable information to the GM and manufacturing managers.
Use and develop the created information to work closely with site leadership in percentage of and cost to completion, production planning, material cost, inventory management and production costing to proactively identify cost drivers and resolve cost over runs before they become larger issues.
Create tools to analyze weekly results to plan for both overhead spending and production order performance.
Proactively provide in-depth analysis of product cost standards and actual results discussing reasons for results and methods to improve performance.
Proactively work with site leader and manufacturing manager to develop capital expenditure proposals yielding demonstrative financial improvements.
Measure financial results against developed projections and provide tangible improvement proposals to ensure achievement of developed targets.
Full responsibility for preparing accurate, detailed financial budgets and forecasts for P&L, CAPEX, and Net Working Capital components.
In conjunction with the Standex Information Technology group, coordinate the companies IT activities to improve timeliness and accuracy of revenue recognition processes.
Implement new applications and activities on the company’s integrated Epicor ERP system.
Ensure that proper accounting and financial controls are in place and in compliance with company policies, GAAP practice and regulatory requirements especially around revenue recognition and inventory costing.
All IT and continuous improvement activities to be carried out in line with centralized initiatives to create standard processes across ETG divisions.
Role should regularly review timeliness and accuracy of tasks owned by shared services, and carry overall responsibility for content of reconciliations and resolution of potential risk areas before they become an area of concern.
Primary contact for internal and external audit, ownership for query close outs and issue resolution.