CONTROLLER

Mann+Hummel GmbH • Wilson, NC

1d

About The Position

This role is responsible for managing various aspects of financial controlling, including product costing, investment controlling, cost accounting, reporting, inventory management, production controlling, risk management, and internal audit. The Controller will ensure the quality of financial and reporting data, accurate and timely elaboration of financial statements, and compliance with internal and external guidelines. Key responsibilities include developing and implementing cost control systems, managing budgets and forecasts, analyzing financial performance, identifying risks, and recommending corrective actions.

Requirements

• Manage product costing, in terms of capacity planning, cost center accounting, internal orders, tariffs and routings as well as the product cost development and follow-up actions
• Create, maintain and supervise the key figures in the area of responsibility
• Roll the standards and understand revaluations on account level
• Steer and control all investment (financial) activities as well as the planning of specific items, follow-up processes and approval processes
• Control the acquisition of assets
• Ensure efficiency in the time management and time scheduling
• Prepare the post-completion reviews
• Manage the preparation of the cost accounting records; develop and implement the cost control systems and procedures, compute the project costs, compare the actual costs to the estimates and analyze the variances
• Analyze the cost records and the calculation of the unit cost for the products or services related to a specific job or project; examine any costs that seem contrary to past experience
• Prepare and emit the statistical reports for the comparison of costs and for the determination of the profitability of the product and analyze the results
• Manage a consolidated annual budget plan, establish and coordinate the budgeting systems and procedures; identify and analyze the variations
• Monitor and review the actual financial performance against the budget, prepare and emit the statistical reports for the comparison between the current situation and the budgeted forecast
• Determine and execute action plans to improve the financial performance if the business is not performing to plan, prepare financial forecasts and provide analysis of the results
• Manage the financial forecasts, planning, analysis activities and projects; provide evaluations, prepare the reports and make recommendations about the financial implications of the proposed investments and transactions (follow the M+H CapEx procedures)
• Interpret the financial information on costs, prices, expenses and revenues and make recommendations for improvements
• Evaluate the industry, economic, financial, and market trends (e.g. revenues, expenses, costs, prices, investments, cash flow, profits, labor market trends, inflation, interest rates, and exchange rates) to forecast the M+H short, medium and long-term financial and competitive position
• Participate in the financial data collection process
• Develop and maintain the standard reporting packages and documentation
• Provide support in the preparation of the M+H consolidated financial statements
• Steer and control the process of inventory levels for the raw materials, semi-finished and finished goods as well as the M&E and Tolling
• Manage the reporting systems (in collaboration with the logistics department)
• Manage the budgeting and forecasting activities, and review the actual status
• Steer and control all production areas in terms of efficiency and productivity
• Report and development action plan to optimize the performance of the production area
• Understand and develop as well as optimize the standard costing systems
• Control headcount, investment, cost accounting, cost centers, spending, capacities and performance of the production site
• Maintain and develop KPIs for the management
• Identify the potential risks; develop, implement and monitor the strategies to minimize the M+H current and future exposure to financial, operational or other risks within a region, country or business unit
• Liaise with the Corporate Function in order to collaborate with insurance providers to minimize the insurance costs, to guarantee optimal insurance policies/coverage and service
• Perform analysis on the profit and asset growth as well as on the credit and other risk exposures, analyze the monthly reports to identify (potential) vulnerabilities and recommend solutions and corrective methods
• Forecast and evaluate the potential impact of current and future laws and regulations on the M+H financial operations
• Create/use the internal control systems in order to ensure compliance with the M+H procedures and, thus, minimize the financial risks
• Ensure the quality of financial and reporting data
• Accurate and timely elaboration of financial statements
• Observe the compliance with the internal and external guidelines, policies and strategies
• Identify areas of missing control
• Report misstatements and recommend remediation actions / plans

Responsibilities

• Manage product costing, including capacity planning, cost center accounting, internal orders, tariffs, routings, product cost development, and follow-up actions.
• Create, maintain, and supervise key figures in the area of responsibility.
• Roll the standards and understand revaluations on account level.
• Steer and control all investment (financial) activities, including planning, follow-up processes, and approval processes.
• Control the acquisition of assets.
• Ensure efficiency in time management and time scheduling.
• Prepare post-completion reviews for investments.
• Manage the preparation of cost accounting records, develop and implement cost control systems and procedures.
• Compute project costs, compare actual costs to estimates, and analyze variances.
• Analyze cost records and calculate unit costs for products or services.
• Examine costs that seem contrary to past experience.
• Prepare and emit statistical reports for cost comparison and profitability determination.
• Manage a consolidated annual budget plan, establish and coordinate budgeting systems and procedures.
• Identify and analyze budget variations.
• Monitor and review actual financial performance against the budget.
• Prepare and emit statistical reports comparing current situation to budgeted forecast.
• Determine and execute action plans to improve financial performance.
• Prepare financial forecasts and provide analysis of results.
• Manage financial forecasts, planning, analysis activities, and projects.
• Provide evaluations, prepare reports, and make recommendations about the financial implications of proposed investments and transactions.
• Interpret financial information on costs, prices, expenses, and revenues and make recommendations for improvements.
• Evaluate industry, economic, financial, and market trends to forecast the company's short, medium, and long-term financial and competitive position.
• Participate in the financial data collection process.
• Develop and maintain standard reporting packages and documentation.
• Provide support in the preparation of consolidated financial statements.
• Steer and control inventory levels for raw materials, semi-finished, and finished goods, as well as M&E and Tolling.
• Manage reporting systems in collaboration with the logistics department.
• Manage budgeting and forecasting activities for inventory and review the actual status.
• Steer and control all production areas in terms of efficiency and productivity.
• Report and develop action plans to optimize the performance of the production area.
• Understand, develop, and optimize standard costing systems.
• Control headcount, investment, cost accounting, cost centers, spending, capacities, and performance of the production site.
• Maintain and develop KPIs for management.
• Identify potential risks; develop, implement, and monitor strategies to minimize financial, operational, or other risks.
• Liaise with Corporate Function to collaborate with insurance providers to minimize insurance costs and ensure optimal coverage and service.
• Perform analysis on profit and asset growth, as well as credit and other risk exposures.
• Analyze monthly reports to identify potential vulnerabilities and recommend solutions.
• Forecast and evaluate the potential impact of current and future laws and regulations on financial operations.
• Create/use internal control systems to ensure compliance with company procedures and minimize financial risks.
• Ensure the quality of financial and reporting data.
• Ensure accurate and timely elaboration of financial statements.
• Observe compliance with internal and external guidelines, policies, and strategies.
• Identify areas of missing control.
• Report misstatements and recommend remediation actions/plans.

What This Job Offers

• Education Level: No Education Listed