Description:
The Controller is responsible for managing a portion of the accounting department and working with managers to create a fiscal strategy that aligns with the goals of the organization. Additionally, the Controller is responsible for all areas relating to financial reporting and for developing and maintaining accounting principles, practices and procedures to ensure accurate and timely financial statements. The position is responsible for managing the team to ensure that work is properly allocated and completed in a timely and accurate manner and addresses tight deadlines and a multitude of accounting activities including general ledger maintenance, financial reporting, year-end audits, physical inventory preparation/execution, and the support of budget and forecast activities.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following:
- Lead, develop and inspire a high performing Inventory Accounting team
- Partner with the business to drive the successful implementation and execution of the cycle count process for inventory at our distribution centers, including coordination with external auditors
- Manage planning, timeline and execution of the consolidated and statutory/unit level financial audits. Address internal and external audit queries as required, promptly addressing any control issues raised.
- Support the team in the monthly closing process through the timely and complete provision of information of fixed asset and inventory positions.
- Ensure legal entity and tax consolidation integrity is maintained and ensure that analyses required by the tax team to meet regulatory filing obligations are provided complete and on time.
- Evaluate, improve and maintain processes for fixed asset and inventory management.
- Produce error-free, timely accounting reports and presents their results in accordance with our established schedule
- Oversee all inventory (manufacturing, assembly, distribution center related) accounting & analysis efforts, ensuring accurate transactions and reconciliation
- Train personnel in inventory reconciliation process
- Troubleshoot inventory issues in support of customer service focus and operational and cost improvement efforts.
- Review/Approve all inventory adjustments for three locations
- Lead the month-end/quarterly close process
- Analyze the financial details of past, present, and expected operations to identify development opportunities and areas where improvement is needed.
- Develop and execute strategies and standards related to accounting policy, financial reporting, general ledger maintenance, budgeting, and financial systems and controls.
- Oversee monthly, quarterly, and annual accounting close processes and coordinate the preparation of financial statements and filings in compliance with GAAP.
- Conduct ad hoc analyses of the organization's finances and presents findings to executive leadership for decision making and planning.
- Develop internal controls and oversee audits of policies and procedures meant to preserve the organization's assets.
- Review All Journal Entries
- Balance Sheet Reconciliations
- Oversee Fixed Assets and Royalty Reporting
- Prepare YOY Analysis for expense accounts
- Complete special projects as assigned by VP of Finance
- Demonstrate leadership, best practices and work ethic to assume heightened accounting leadership role.
- Advise management on short-term and long-term financial objectives, policies, and actions.
- Provide direction and assistance to other organizational units regarding accounting and budgeting policies and procedures and efficient control and utilization of financial resources.
SUPERVISORY RESPONSIBILITIES:
The Controller manages a small group of employees within the accounting department and is responsible for the management and hiring of the employees within that group.
Requirements:
EDUCATION and/or EXPERIENCE and OTHER SKILLS & ABILITIES:
- 5+ years diverse accounting experience
- Bachelor’s in accounting, preferably Masters level degree
- CPA or CMA designation preferred
- Must be PC literate
- Proven knowledge of accounting principles, practices, standards, laws and regulations
- Effective communicator
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