Job Description Controller

Job Description

Controller

Department: Accounting

Shift: Days

Supervisor Responsibilities: Yes, three (3) direct reports

Duties/Responsibilities:

  1. Maximize the financial returns by enforcing financial policies, procedures, and controls.
  2. Responsible for all administrative functions including financial accounting, customer service, Human Resources, steel purchasing, and supervising all staffing in these areas.
  3. Ensure financial reporting is done accurately and timely for month/year end reviews including financial statements, variance analysis, department cost statements, borrowing base, covenant compliance and cash flow analysis.
  4. Maintain all balance sheet and general ledger accounts.
  5. Act as liaison with bank; review bank reconciliations; monitor borrowing base and covenant compliance.
  6. Review weekly payroll, ensure check payroll taxes are filed timely and accurately by outside payroll service, and ensure year end filings are completed timely and accurately.
  7. Act as backup to Human Resources Manager.
  8. Perform Accounts Receivable functions including posting deposits against invoices; review A/R Aging with proper follow-up with customers; prepare / review customer invoices, review shippers, and ensure proper period cut-off.
  9. Review weekly check run prepared by accountant; ensure proper payment terms are established and followed; ensure “unvouchered AP” transactions are reviewed and discrepancies resolved in a timely fashion.
  10. Establish and monitor inventory standard costs for raw materials, labor rates, overhead rates, and machine hour rates; ensure new item masters are set up timely / accurately including bill of materials, routers, and outside process price tables.
  11. Review labor / overhead rate schedule to ensure reasonable rates.
  12. Identify, review and analyze low margin origins.
  13. Coordinate monthly cycle counts and quarterly physical inventory counts reviewing variances and slow moving inventory.
  14. Ensure customer PO’s are timely and accurate; conduct weekly order board reviews with production; act as liaison with customers to obtain forecasts; prepare monthly reposts by customer vs. YTD vs. prior year.
  15. Determine when to order steel; submit RFQ’s; coordinate steel delivery dates with production staff; adjust steel price standards based upon grade and current price; make steel purchases.
  16. Act as liaison between bank and outside CPA firm during year end review and bank audit, and prepare necessary financial data.
  17. Maintain Construction in Progress records; capitalize the asset upon completion; track all capital expenditures by asset and purchase date; determine if assets have been sold/disposed off/obsolete and perform necessary write off.
  18. Prepare annual budget coordinating with upper management utilizing a sales history analysis, projecting headcount and OT levels by month, and review variable and fixed cost spending by department based upon production / sales levels.
  19. Monitor use tax calculation as maintained by Accountant; track quarterly / annual income tax estimated payments as provided by CPA firm; ensure payroll tax rates are in line with budget.

Essential Functions:
Provide financial decision-making information by collecting, analyzing, and reporting cost data; provide financial information to the organization through maintenance and reconciliation of accounts; complete vendor payments; control expenses

Education Requirements: Four year degree in Accounting; MBA, CPA preferred

Experience Requirements: 5+ years experience

Skill Requirements:
Proficient in Microsoft Office. Experience with Workwise TCM ERP system software helpful. Must have strong typing skills, and be proficient with calculator / adding machine.

Physical Requirements:
Sitting for extended periods of time. May have to work 50+ hours each week.

TFC Property Responsibilities:
TFC Property Responsibilities: Personal computer / software / hardware, printers, phone, scanning machines, desk, desk chair, filing cabinets, adding machine(s).

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