Position Title: Assistant Controller
Job Category: Accounting & Finance
Location Tamarac, Florida
Description: New Tech Global is seeking an Assistant Controller for a client located in Tamarac, FL. This is a direct hire role.
The Assistant controller is an integral member of Site management, with the primary objective of sound financial management, integrity of financial reporting and performance enhancement. The candidate will support the Controller to ensure an effective and efficient Finance function. Where necessary, controller must also act as the voice of reason and prudence, or police the enforcement of relevant Financial Policies and Procedures.
Responsibilities:
- Implement and maintain systems, processes and organization to ensure the integrity & timeliness of financial reporting according to statutory requirements, and company financial policies & procedures
- Coordinate with Shared Services (Accounting) function In India to ensure timely performance of monthly accounting close and management reporting in accordance with Corporate HQ requirements as stipulated in IFM: Period End Reporting.
- Ensure assets and liabilities are fully recorded in the accounts and stated at fair value, and PNL reflects the sites or business unit's financial performance. Ensure compliance to KCFRs and applicable Supplementary Financial Procedures (SFPs). Ensure that Balances heet Reconciliations are maintained and updated regularly, and any exposures are identified timely and followed up to resolution.
- Ensure accuracy of Parts costing and GP margins by maintaining and/or monitoring key controls over BOM, Routings, labor and overhead absorption rates.
- Ensure accuracy of financial outlook/forecast (PNL and Cash Flows) by maintaining close communication and information transfer between line management and relevant functions such as production planning/ operations, sales, supply chain and HR.
- Ensure timely reporting of results to Corporate per the Corporate timelines.
- Ensure timely and compliant filing of statutory accounts in accordance with country requirements, including audited financial statements, direct and indirect taxation, and other filing requirements.
- Maintain a system of internal controls that ensures
- All assets are safeguarded and access to assets is only permitted when authorized by management
- Transactions are executed according to management authorization and business requirements
- Retention of financial records in accordance with statutory requirements
- Transactions are recorded accounts and prepare financial statements in accordance with GAAP
- Incompatible duties are adequately segregated
- Maintain an efficient and effective transaction processing system for goods delivery and customer invoicing, accounts receivables and collection, accounts payables processing and cash disbursements.
- Work with relevant functions to ensure sound controls over business processes that impacts financial statements, including procurement, goods receipt/deliveries, payroll and petty cash.
- Coordinate with Shared Services (Accounting) function In India to ensure timely Standard Costing Maintenance, including Standard Cost run, Production Order settlement, Material Master periodical verification, Parts BOM & Routing updates validation, Material Cost movement validation, etc. (Refer Work Instructions).
- Coordinate and review the Monthly Cost Accounting close and review:
- Inventory accounting for absorption and provisions
- Absorption computation and analysis
- Aged inventory provision computation and analysis
- Review and analysis of Factory Cost center expenses
- Prepare COPA Analysis
- Explain variation in COPA margins
- Quantify impact of variation in Selling Price vs Unit Cos
- Machine and Direct labor- Hourly Rate computations.
- Activity type creation / activity Price maintains in SAP.
- Preparation of annual budget for Production cost centers
- Record stock count adjustments in the system after reconciliation and approvals completed
- Prepare analysis of manufacturing variances including
- Production variances, PPV, Labor usage, Price/rate and Spend variances
- Facilitate management understanding of production variances
- Work with operation department to identify root causes and mitigation
- New Product Introduction (NPIs): Tracking of cost incurred prior to mass production
- Prepare financial outlook/forecast for COPA and production related accounts. Work with relevant functions such as production planning/ operations, sales, supply chain and HR for input assumptions for Outlook
Qualifications:
- Bachelor or Master's Degree in Accounting, Finance or Related Field.
- Over 510 years of experience in similar roles
- Professional integrity, honesty and able to maintain strict confidentiality
- Strong leadership and organizational management skills, ability to lead by example
- Detailed and Hands on, yet delegates effectively.
- Experience in manufacturing environment.
- Exposure to site's manufacturing processes (e.g. stamping, molding, plating, etc.) will be an advantage.
- Advanced Excel and ERP skills. Preferably SAP.
- Excellent written, oral, and interpersonal communication skills
PIac1e57b94ff3-4346