Financial Controller

Crane • Spartanburg, SC

80d

About The Position

The Controller is an integral member of the executive management team. Responsible for overseeing the financial operations and ensuring compliance with accounting standards and regulations. The role involves a combination of managerial, strategic, and technical responsibilities. In addition to managing the financial activities of the organization, which includes overseeing the accounting department, budgeting, financial reporting, audit preparation, and the development of internal control policies and procedures, the Controller is expected to be a major contributor to the development and execution of the Company's annual Business Plan. In this role, the Controller must be an agent for change, collaborating on Operational Excellence initiatives (via Lean Manufacturing, Continuous Improvement, and Six Sigma) throughout the organization and focusing the Business Unit on its customers, pricing and profitable sales growth.

Requirements

• Bachelor's degree in Finance, Accounting, or related field (Master's degree or CPA preferred).
• 7+ years of progressive finance and accounting experience. Minimum of 2 years managing finance team.
• Experience in all aspects of financial management including accounting, budgeting, planning, internal controls and analysis is desired.
• Proficiency with accounting software and ERP systems.
• Cost accounting and bill of material/routings skills developed in manufacturing environments.
• Experience with Lean Manufacturing Systems, Six Sigma, and/or Supply Management is highly desirable.
• Advanced proficiency with Excel is required.
• Excellent analytical, problem-solving, and communication skills.
• Demonstrated leadership and team management abilities.
• Willingness to travel when necessary (less than 10%).

Responsibilities

• Develop and manage the company's financial models, forecasts, and budgets.
• Provide financial analysis, insights, and recommendations to support decision-making.
• Ensure proper financial controls, systems, and decision tools are in place and used focusing on strategic procurement plans and cost reduction initiatives.
• Provide financial leadership to the team in preparing the annual plan, quarterly forecasts and comparison of actual or forecasted performance to plan, forecast, or prior periods as requested.
• Conduct product cost analysis and detail product and job cost review with manufacturing and value stream teams in an effort to control costs and lead cost reduction initiatives.
• Ensure that the plans and forecasts are both realistic and meet investment return objectives.
• Establish labor and overhead standards while working with manufacturing engineering and purchasing to set all product standard costs and ongoing cost estimates.
• Review quotations over a certain threshold to include cost estimations.
• Ensure strong quotation cost estimation tools are in place and utilized.
• Analyze backlog for valuation and aging accuracy and ensure that its cost is correctly estimated.
• Coordinate physical inventory through standard operating procedures.
• Prepare the inventory valuation and reconciliation - book to perpetual for both the month end and the annual physical inventory.
• Lead the cycle counting program and ensure that the program is understood and properly executed through audits with a goal of 95% or higher inventory accuracy measured by part numbers counted.
• Monitor and analyze financial performance against key business metrics.
• Prepare accurate and timely monthly, quarterly, and annual financial statements.
• Ensure compliance with relevant accounting standards (e.g., GAAP, IFRS) and regulatory requirements.
• Responsible for all cost accounting activities which includes purchase order price variances, labor variances, work-in-process, inventory tracking, and labor collection/shop floor control systems.
• Prepare and transmit letters of credit documents to Corporate Treasury.
• Present financial reports to the executive team.
• Establish and maintain internal control policies and procedures to safeguard company assets.
• Ensure compliance with local, state, and federal regulations and tax requirements.
• Coordinate and liaise with external auditors during the annual audit process.
• Monitor cash flows and manage working capital efficiently.
• Oversee treasury functions, including banking relationships, cash disbursements, and cash receipts.
• Ensure proper estimation of warranty exposure and reserve requirements.
• Confirm proper safekeeping and supervision of the petty cash account.
• Lead and manage the accounting and finance team, providing mentorship and development opportunities.
• Motivates and develops talent within the organization through coaching, counseling, engaging and evaluating associate performance, utilizing the Company's personnel development processes.
• Foster a culture of accountability, integrity, and continuous improvement within the team.
• Identify and assess financial risks and implement appropriate risk management strategies.
• Develop and maintain insurance policies to mitigate potential financial exposures.
• Ensure the integrity and accuracy of financial data within the company's ERP or accounting software.

Benefits

• Equal Opportunity Employer

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Machinery Manufacturing
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees