Controller

Marmon Holdings, Inc.•Norfolk, VA

10d

About The Position

KITCO Fiber Optics, Inc., a part of the global industrial organization Marmon Holdings (backed by Berkshire Hathaway), is seeking a Controller. This role is directly responsible for the business unit's accounting operations, assisting in identifying and implementing corporate and local objectives. The Controller will coordinate and provide direction for the location's administrative functions, including cost accounting, general accounting, budgeting, continuous improvement, site support for Electrical Platform finance, and ad hoc projects. The ideal candidate will possess strong leadership skills, extensive experience in the aerospace & defense industry, and an understanding of government contracts and regulations (FAR/DFARS). KITCO Fiber Optics is a leading provider of fiber optic termination products and consulting services to the military and commercial communications industry, specializing in design and fabrication of fiber optic tools, tool kits, and custom cable assemblies. They also produce private label kits and offer field services and training programs. The company is recognized as fiber optic connectivity experts within the defense industry and has customized products and services to meet strict military standards for over 20 years. KITCO Fiber Optics is a proud part of Marmon Aerospace and Defense Group, a Berkshire Hathaway Company.

Requirements

Bachelor’s degree in accounting, Finance, or related field (Master’s or CPA preferred).
Minimum of five years of experience in a senior finance role, ideally within the aerospace and defense sector.
Deep understanding of government contracting regulations, including FAR, DFARS, and cost accounting standards (CAS).
Proven experience with financial systems, ERP systems (e.g., SAP, Oracle), and advanced Excel skills.
Strong leadership skills with the ability to manage and motivate a team.
Excellent analytical, problem-solving, and communication skills.
Ability to work in a fast-paced, dynamic environment while managing competing priorities.
High level of integrity and attention to detail.

Nice To Haves

Experience in project accounting and managing long-term contracts.
Knowledge of cost-plus and fixed-price contracts.
Experience with DCAA (Defense Contract Audit Agency) audits and compliance.
Previous work experience with a large aerospace/defense company or contractor.

Responsibilities

Evaluate business performance compared to established financial and operational goals and projections.
Ensure compliance with government contracts, including the FAR (Federal Acquisition Regulation) and DFARS (Defense Federal Acquisition Regulation Supplement). Manage revenue recognition and cost allocation related to government contracts and programs.
Develop and maintain effective internal controls to safeguard company assets. Coordinate external and internal audits and address any discrepancies or issues identified.
Evaluate all reports and maintain financial accuracy for all business processes.
Oversee and manage the accounting department, including supervising 2-3 direct reports, ensuring team performance aligns with departmental and organizational objectives.
Drive budgeting and forecasting processes, provide financial projections, and support strategic planning efforts. Monitor budget variances and recommend corrective actions.
Analyze all business trends and key performance indicators to provide required explanations and/or suggest opportunities for improvement.
Prepare reports that summarize and forecast business activity and financial position in terms of income, operating expenses, CAPEX, and earnings based on past, present, and expected operations.
Responsibility for maintaining legal contracts, insurance policies, and business documents related to business function and working with the appropriate Marmon teams as necessary.
Maintain awareness of operations and provide direction to improve operations and staff's effectiveness and overall performance.
Prepare and present financial justification for all capital expenditures requested by operations.
Oversee safeguarding and periodic physical property, plant, and equipment inventories.
Prepare the 80/20 quad and quartile analysis and provide it to the operations team. Discuss the results and develop action plans, if any.
Maintain product margin reporting to assist management in appropriating pricing products to maximize profitability.
Ensure compliance with internal controls as required under GAAP, SOX, and company policy; evaluate business compliance with these policies.
Administer physical inventories, analyze trends in physical inventory adjustments; also analyze reserve for slow-moving or excess inventory.