Career Opportunity

Financial Controller

Type

Full Time

Typical Term/Length

Permanent

Shift

Office - Day Shift

Shift Time

8:00am - 4:30pm

Location

LaGrange, Ohio

Submission Deadline

Feb 23rd, 2022

SUMMARY

Responsible for direct supervision of all accounting and financial functions: prepare and approve financial and business transactions, prepare periodic financial reports for management, assist in business decisions, effectively control day-to-day expenses and spending according to business needs, manage working capital, mitigate business risk, and provide a comprehensive rolling forecast.  The Controller should have a solid understanding of accounting principles and will be responsible to create and implement policies and procedures to identify, resolve, and document accounting issues.

RESPONSIBILITIES

Financial Reporting and Compliance:

  • Prepare monthly Financial Package and present during Monthly Ops Review meetings
  • Participate in weekly ops meeting and prepare weekly Flash financial reporting with a rolling forecast; maintain forecast accuracy and manage costs with revenue fluctuation.
  • Proper analytical review of operations from an income statement, balance sheet, and cash flow perspective as well as an overall business perspective
  • Review and control business expenses
  • Direct and supervise finance and accounting staff with regards to:
    • Accurate and timely performance of day-to-day accounting functions
    • Preparation of assigned financial reports due weekly and monthly.
    • Completion of delegated ad-hoc tasks and ongoing projects
  • Prepare, review, and approve journal entries and manage all accounting activities to ensure compliance with revenue and expense recognition (GAAP)
  • Manage month end close with personal calculations and team deliverables.
  • Perform ad-hoc analysis and calculations as needed for senior management.
  • Implement, document and maintain adequate and effective internal controls.
  • Responsible for documentation, tasks, and analysis required for year-end financial audit, tax returns, and multiple bank collateral audits throughout the year.
  • Review Standard Costs regarding effects on purchase price variance and capitalized WIP.
  • Calculate commissions and distribute salesperson review reports to general managers.
  • Review and submit monthly Borrowing Base Calculations for revolving line of credit.
  • Arrange and approve quarterly principal and interest payments on senior debt.

Planning, Management and Analysis:

  • Work closely with the GM on site performance analysis and variances
  • Initiate actions to drive EBITDA, efficiency, and productivity, such as customer margin analysis, labor productivity, and profitability metrics.
  • Develop ways to simplify the accounting process and improve reporting and data extraction from ERP system.
  • Prepare and manage annual Budgeting process:
    • Understand sales projection and determine inventory costs based on product mix and variable expenses.
    • Perform labor analysis and projection according to production requirements.
    • Coordinate with GM and management team on departmental expense and Capex planning
    • Review expenses and compare with profit levels to determine expectations.
    • Translate income statement transactions to create balance sheet and cash flow projections.
  • Manage working capital needs for efficient cash-to-cash cycle to attain Bank Covenants.
  • Provide financial feedback to department heads to improve operational analysis and resolve issues.
  • Any other responsibilities that may be assigned from time to time.

SKILLS AND EXPERIENCE

  • Self starter, collaborative team player, excellent communication skills and able to handle multiple tasks smoothly
  • 8-10+ years of experience in an accounting role within a manufacturing environment; electronics manufacturing/electronics contract manufacturing is an asset.
  • 8-10 years of experience managing direct reports within the finance and accounting function.
  • 8-10 years in a position equivalent to a Controller level
  • Strong knowledge of current generally accepted accounting principles (GAAP)
  • Advanced skills in Excel and ability to work within involved/complex Excel files.
  • 3-5 years of experience managing HR or strong knowledge of HR practices considered an asset.

QUALIFICATIONS

  • Bachelors and/or Master’s Degree in Business Administration/Accounting/Finance
  • P.A or C.M.A. designation is required.

Vexos is an Equal Opportunity Employer

Vexos is committed to diversity in its workplaces and welcomes applications from all visible minority groups, women, Aboriginal persons, and persons with disabilities among other self-identified diverse groups. Vexos thanks all applicants for their interest; however, only those qualified and considered for an interview will be contacted.

COVID-19 Alert

The successful incumbent shall agree and be responsible for adhering to and following Company best practices, policies, guidelines, implementation measures and processes adhering to COVID-19.

How to Apply

If you are interested and qualified for this opportunity, please use the Apply Online button below and remember to attach your application (resume and detailed cover letter outlining your motivation and interest in this position) and include the position in the ‘Desired Position’ field.

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