Optical Solutions Business Unit Controller

II-VI Incorporated • Saxonburg, PA

63d

About The Position

Primary Duties & Responsibilities Financial Accounting Ensure monthly financial close is conducted in a timely and efficient manner in accordance with US GAAP, and the proper consolidation of financial results on a monthly basis. Review and approve staff account reconciliations and journal entries. Ensure account roll-forwards are completed. Monitor the impact of foreign currency. Explain monthly movements in inventory with an emphasis on gross margin and aging value of WIP. Review and validate monthly financial information from domestic and international business units. Understand significant variances between the forecast and budget. Participate in monthly reviews and understand current trends in productivity, yields, and work-in-progress. Review department expenses and headcount activity. Ensure that all new part numbers have standard costs, and that significant fluctuations in standard costs can be explained. Regularly review items in CIP, and close projects in a timely fashion. Actively manage worldwide transfer pricing to comply with tax guidance. Maintain adequate controls to ensure accurate physical inventories. Ensure any required reserves are in place. Assist in the process for attesting to the effectiveness of the Company's internal controls over financial reporting and accounting. Reporting and Analysis Provide accurate and timely financial reporting on key financial metrics with appropriate analysis that allows leadership to effectively influence the course of the business. Provide actual, budget, and forecast updates to management; monitor variances and proactively communicate and/or resolve issues as appropriate. Actively support and participate in periodic reviews and QBR's, share financial insights regarding business trends, inform management of potential impacts to profitability, and provide recommended actions. Ensure the financial integrity of business cases and CARs including making sure that market forecasts and costs are thoroughly vetted and credible. Escalate activities to management that do not appear financially sound. Provide financial analysis and support to management for new product introductions, cost reductions, operational efficiency initiatives, etc. Identify opportunities for improvement, including opportunities for revenue/margin growth, cost and expense savings, and process improvements. Assist in the remediation of any internal control deficiencies. Financial Planning/Forecasting Manage and coordinate preparation of 5 Year Plan, Budget, & Forecast. Develop processes to collect and compile information. Drive budget/forecast related meetings and conference calls. Support the development of long-range strategic plans and provide leadership in their preparation. Provide analyses of financial options to help meet the budget/forecast. Prepare budget/forecast schedules for management. Leadership Ensure your team is staffed, motivated, inspired, engaged, and empowered to deliver a high and sustainable level of performance. Have the right people in the right job. Make sure your team has the necessary tools to be successful. Train, encourage, and develop your team to consistently achieve the organization's expectations. Maintain a free flow of information within the business so that communication is open and active. Other Act as the primary interface to Corporate Finance and the source of financial information required by them. Support activities and requests from the Business Group.

Requirements

• B.S in Accounting or Finance is required; CPA, CMA, or MBA is preferred.
• Three years of management experience combined with a minimum of ten years of related experience in manufacturing cost accounting, public accounting, general accounting, or internal audit.
• Strong managerial, supervisory and leadership skills.
• Understanding of fully integrated ERP system/supply chain.
• Advanced Microsoft Excel skills and proficiency in PowerPoint.
• Superior knowledge of manufacturing, cost accounting, and standard cost.
• Strong understanding of inventory and fixed assets.
• Experience with consolidations and foreign operations.
• Exceptional verbal and written communications skills.
• Analytical and detail oriented.
• Excellent problem-solving and analytical skills.
• Good time management and organizational ability.

Nice To Haves

• CPA, CMA, or MBA is preferred.
• Hyperion and Oracle experience is strongly preferred.

Responsibilities

• Ensure monthly financial close is conducted in a timely and efficient manner in accordance with US GAAP, and the proper consolidation of financial results on a monthly basis.
• Review and approve staff account reconciliations and journal entries.
• Ensure account roll-forwards are completed.
• Monitor the impact of foreign currency.
• Explain monthly movements in inventory with an emphasis on gross margin and aging value of WIP.
• Review and validate monthly financial information from domestic and international business units.
• Understand significant variances between the forecast and budget.
• Participate in monthly reviews and understand current trends in productivity, yields, and work-in-progress.
• Review department expenses and headcount activity.
• Ensure that all new part numbers have standard costs, and that significant fluctuations in standard costs can be explained.
• Regularly review items in CIP, and close projects in a timely fashion.
• Actively manage worldwide transfer pricing to comply with tax guidance.
• Maintain adequate controls to ensure accurate physical inventories.
• Ensure any required reserves are in place.
• Assist in the process for attesting to the effectiveness of the Company's internal controls over financial reporting and accounting.
• Provide accurate and timely financial reporting on key financial metrics with appropriate analysis that allows leadership to effectively influence the course of the business.
• Provide actual, budget, and forecast updates to management; monitor variances and proactively communicate and/or resolve issues as appropriate.
• Actively support and participate in periodic reviews and QBR's, share financial insights regarding business trends, inform management of potential impacts to profitability, and provide recommended actions.
• Ensure the financial integrity of business cases and CARs including making sure that market forecasts and costs are thoroughly vetted and credible.
• Escalate activities to management that do not appear financially sound.
• Provide financial analysis and support to management for new product introductions, cost reductions, operational efficiency initiatives, etc.
• Identify opportunities for improvement, including opportunities for revenue/margin growth, cost and expense savings, and process improvements.
• Assist in the remediation of any internal control deficiencies.
• Manage and coordinate preparation of 5 Year Plan, Budget, & Forecast.
• Develop processes to collect and compile information.
• Drive budget/forecast related meetings and conference calls.
• Support the development of long-range strategic plans and provide leadership in their preparation.
• Provide analyses of financial options to help meet the budget/forecast.
• Prepare budget/forecast schedules for management.
• Ensure your team is staffed, motivated, inspired, engaged, and empowered to deliver a high and sustainable level of performance.
• Have the right people in the right job.
• Make sure your team has the necessary tools to be successful.
• Train, encourage, and develop your team to consistently achieve the organization's expectations.
• Maintain a free flow of information within the business so that communication is open and active.
• Act as the primary interface to Corporate Finance and the source of financial information required by them.
• Support activities and requests from the Business Group.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Electrical Equipment, Appliance, and Component Manufacturing