Plant Controller

vvf intervest, llc•Montgomery, IL

3h•$120,000 - $130,000•Onsite

About The Position

The Plant Controller is responsible for managing an organization's financial and operational controls, overseeing accounting functions like budgeting, forecasting, and financial reporting, and ensuring compliance with regulations and internal policies. This role is key to maintaining financial integrity and supporting executive decision-making.

Requirements

Authorization to work in the United States
Bachelor’s Degree in Accounting
CPA
10-12 years related accounting/finance experience
Experience in a manufacturing or plant environment
Strong knowledge of accounting principles (e.g., GAAP) and financial analysis
Bachelor's degree in accounting, finance, or a related field
Clear understanding of financial statements including balance sheets
Ability respond to situations outside of normal working hours as needed
Ability to work overtime as needed
Ability to work independently and as part of a team
Flexibility; adaptable to change in work assignments/priorities
Strong planning and organizing skills
Strong analytical and quantitative skills
Strong verbal and written communication skills
Ability to lead problem solving and troubleshooting efforts for material variances

Nice To Haves

5-10+ years of experience in a finance or accounting role within a manufacturing environment, with an emphasis on cost accounting and variance analysis
Advanced knowledge of Cost Accounting in a consumer products or manufacturing environment
Intermediate to advanced skills in Microsoft Office (Outlook, Word, Excel, Power Point), Microsoft GP; SAP

Responsibilities

Oversee all plant-level financial activities, including budgeting, forecasting, and reporting, to ensure profitability and alignment with corporate objectives
Maintain and develop the cost accounting system, analyze production costs and variances, and control standard costs. Plan and implement cost control and improvement initiatives
Develop, implement, and maintain robust internal controls to safeguard assets and ensure the integrity of financial data, in accordance with ISO 9001 and other regulations.
Ensure the plant operates in compliance with all applicable laws, regulations, and company policies.
Conceptualize, implement, and govern general ledger and financial reporting processes and on-time compliance of accounting standards
Establish documented systems, policies, desk manuals and procedures in finance and accounts, establishment and implementation of accounting controls
Regular monitoring of vendors and customers reconciliations
Oversee the conduct of all cash transactions, general ledger entries and physical verification analysis & corrective actions. Supervise and design processes for verifying and recording all claims and receipts received. Ensure up to date a cash book reflecting all payments/receipts
Review authorization, documentation, control and accounting of Fixed assets
Establish and monitor compliance to internal and statutory/ legal control procedures and laws
Variance Analysis i.e. Budget v/s Actual analysis of Fixed overhead expenses for Corporate, Scrutiny of accounts, rectifications.
Analyze all un-reconciled items on the monthly bank reconciliation as prepared and implement action if/when requested to do so
Review overdue open advances, deposits for collections
Keep track of accounts payable and the short-term liabilities to ensure timely payment to vendors
Oversee archiving of financial documents, input and output records, including General Ledger and Trial Balance
Coordinating with Corporate accounts for monthly closure.
Coordinating for statutory and Tax audit.
Focus on co-ordination with other departments for collection of data/information for timely recording of transactions and develop system and processes to eliminate non-value-added activity and to minimize errors for improving efficiency
To provide necessary support & training to account personal so that they can discharge their responsibility efficiently
Interfacing with Auditors statutory and internal auditors and providing them with all necessary documents for the audit process
Review of Controls & Correction in accounts department.
Preparation and analysis of stage wise production and process costing, overhead costing: Budget vs. Actual, Batch wise cost, stage wise allocation
Prepare valuation of Finished Goods, Raw Material, and Work In Progress and reconcile all to General Ledger.
Monitoring the production costs and updates the costs sheets on a regular basis
Overhead budget vs. actual variance analysis.
Calculate labor and overhead rates for standard cost system.
To prepare monthly MIS and P&L and Cash flow for presentation for management review
Prepare and analyze monthly Working capital position and present to management for review with remarks on optimization / risk areas
Help team with ad hoc analysis like inventory reconciliation, fixed cost reduction areas, scenario analysis, costing for new product launches / proposals
Analyze P&L and cash flows and help in preparation and monitoring of 13 week rolling cash flows
Prepare ABP with inputs from various departments and do monthly tracking against ABP