Basic Purpose and Objective
Lead the Michigan Finance Shared Services Team.
The accurate reporting of the financial health of the company as well as the recommendation/assistance of cost saving measures
Specific Duties and Responsibilities:
- Lead Michigan Finance Shared Services Team: 2 Staff Accountants, Accounts Payable, Accounts Receivable and Cost Accountant
- Perform / supervise monthly divisional & consolidated financial close
- Complete Monthly Financial Reports and Controller’s Report including a written summary of Sales, Mix, Operational, Working Capital and Cash Flow Variances from Budget
- Monthly submissions to corporate
- Includes ongoing communication with leadership team on performance to budget
- Weekly/Monthly Metrics Reports and Executive Staff Meeting Involvement (e.g. Sales to Budget, Efficiency, Spending to Budget, Inventory, Pounds Produced per Line/Man hours, Sales Pareto’s etc. as requested by both plant and financial management)
- Prepare Weekly Cash Forecasting
- Authorize weekly wire transfers
- Perform or supervise all balance sheet account reconciliations including inter-company, fixed assets and bank reconciliations
- Track and minimize working capital requirements
- Maintain Inventory Reserves according to company Policy
- Minimize inventory obsolescence though ongoing monitoring & supervision
- Initiate Inventory Reporting to further identify specific Excess, Inactive and Obsolete Inventory and develop a disposition policy that includes maximizing customer recoverable for Raw & Fab. and minimizing part balance-out obsolescence
- Compliance with corporate quarterly, annual and interim reporting requirements
- Coordination of Internal and External Interim and Year-End Audits
- Coordination and completion of annual divisional and consolidated budget
- Supervision of Physical Inventories as necessary
- Strategic involvement for initiatives in product costing, pricing, sales trends, manufacturing trends and miscellaneous financial initiatives
- Administration of Commissions & Bonuses
- Perform quarterly Labor and Burden analysis
- Maintain and develop internal controls and procedures related to shipping, receiving, A/P, inventory & cycle counting, annual physical inventory, scrap reporting, etc.
- Monitor and track cost reduction and continuous improvement initiatives (both budgeted and unbudgeted)
- Various other accounting duties as requested
- Follow all safety requirements to avoid injury to self and fellow employees.
- Create and maintain a safe work environment; repair and/or report non-conformances to company safety policies and guidelines
- Perform the necessary safety requirements to avoid injury to self and fellow employees
Qualifications
Education and Experience Required:
- Bachelor’s Degree in Accounting
- Minimum of 10years of accounting experience
- Detail oriented and excellent organizational skills
- Strong verbal and written communication skills
- Ability to work under pressure
Position Type/Expectations of Working Hours
- Regularly scheduled to work 8 – 10 hours a day
- Must be able to work Monday - Friday
