Plant Controller

Yanfeng Human Resources • Louisville, KY

86d

About The Position

The position involves planning, monitoring, and authorizing capital expenditures for the plant, ensuring that investments align with company strategies. The role requires ensuring that property accounting SSC accurately records write-offs, retirements, asset valuations, and CIP accounts on the plant ledger. This includes monitoring for potential idle assets or assets to be put into production use. Collaboration with program commercial controllers, managers, and engineers is essential to align forecasted expectations and assist in the application and reporting of capital grants. Additionally, the role involves leading fixed assets inventory verification events and requesting necessary adjustments. The position also requires ensuring that inventory is accounted for in accordance with GAAP requirements and aligns with cost accounting policies. This includes supervising and auditing inventory verification events and collaborating with Materials Supply Chain teams to accurately report and optimize cycle count adjustments. The candidate will lead the monthly, quarterly, semi-annual, and annual ledger closing activities for the plant, actively participating in corporate financial events and reconciling assigned accounts. Accuracy in accruals and journal entries, along with adequate backup, is crucial. The preparation of trial balance reports and reconciliation of local ledger accounts to the corporate book of record is also part of the responsibilities. Furthermore, the role involves preparing and evaluating variance analyses for sales through EBIT accounts, comparing actual results to budget and forecast commitments. The candidate will summarize and report details relating to business performance by plant and product platform, developing and communicating management reports for local and corporate management as required. The preparation, development, and review of financial budgets and forecasts are key tasks, including leading the financial budgeting assumptions for the plant and reviewing the profit plan with local management and the corporate operations organization. Collaboration with cross-functional team members in commercial, procurement, supply chain, and engineering organizations is necessary to confirm budgeting assumptions. Finally, the candidate must successfully pass statutory, SOX, and internal audits by adhering to key controls and providing necessary evidence. Performing standardized approaches relating to month-end accounting checklists and balance sheet reviews in accordance with controls expectations is also required.

Requirements

• Strong knowledge of GAAP accounting principles.
• Experience in capital expenditure planning and monitoring.
• Ability to collaborate with cross-functional teams.
• Proficiency in financial reporting and variance analysis.
• Experience in inventory management and auditing.
• Strong analytical and problem-solving skills.
• Excellent communication and reporting skills.

Nice To Haves

• Experience with SOX compliance and internal audits.
• Familiarity with financial budgeting and forecasting processes.
• Knowledge of asset management and valuation techniques.

Responsibilities

• Plan, monitor, and authorize capital expenditures for the plant.
• Ensure property accounting SSC records write-offs, retirements, asset valuations, and CIP accounts accurately.
• Monitor for potential idle assets or assets to be put into production use.
• Collaborate with program commercial controllers, managers, and engineers to align forecasted expectations.
• Assist in the application and reporting of capital grants.
• Lead fixed assets inventory verification events and request adjustments.
• Ensure inventory is accounted for in line with GAAP requirements and aligned to cost accounting policies.
• Supervise and audit inventory verification events.
• Collaborate with Materials Supply Chain teams to report and optimize cycle count adjustments.
• Lead monthly, quarterly, semi-annual, and annual ledger closing activities for the plant.
• Participate in corporate financial events and reconcile assigned accounts.
• Ensure accuracy of accruals and journal entries with adequate backup.
• Prepare trial balance reports and reconcile local ledger accounts to the corporate book of record.
• Prepare and evaluate variance analyses for sales through EBIT accounts.
• Summarize and report business performance details by plant and product platform.
• Develop and communicate management reports for local and corporate management.
• Prepare, develop, and review financial budgets and forecasts.
• Lead financial budgeting assumptions for the plant and review profit plan with local management and corporate operations.
• Collaborate with cross-functional teams to confirm budgeting assumptions.
• Pass statutory, SOX, and internal audits by adhering to key controls and providing necessary evidence.
• Perform standardized approaches relating to month-end accounting checklists and balance sheet reviews.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 101-250 employees