The Controller, under the direction of the CEO and Board of Directors, manages accounting and payroll functions, performs general and cost accounting functions, reports financial results, coordinates outside audits to comply with generally accepted accounting principles and accepted company accounting practices and procedures; consults with Company personnel on business issues and coordinates budgets to assure accurate financial records and information for evaluation and maintenance of the financial stability of the organization; manages bank activities including covenant reporting; partners with the CEO to proactively develop financial information to assist the Company in achieving profit and cash flow objectives.

The Controller will lead the post-closing establishment of accounting procedures and systems as the Company transitions to new ownership.  The day-to-day financials have been managed by a part-time bookkeeper with assistance from an officer manager, and monthly review and closing has been completed by an external accounting firm.  The internal financial resources will remain with the Company post-close, although Controller will assume the monthly review and closing responsibilities.

RESPONSIBILITIES:   Performs accounting, financial procedures and reporting, manages accounting, payroll functions, accounts receivable and collection functions and accounts payable activities, to insure accurate financial records and information and to help optimize Company financial performance.  

Performs month-end closings, reviewing systems generated journal entries for accuracy, preparing nonsystem journal entries, reconciling accounts and performing general ledger maintenance.  Prepares accounts receivable aging and inventory summary reports, analyzes, prepares and publishes financial and operational results to monitor, control and report financial performance.

Develops and prepares budget process to provide the framework for establishing sales estimates, monitoring and controlling costs and makes adjustments and revisions as necessary to achieve desired financial results.

Develops, designs and enters budget models for sales, profit and cash flow reports that enable the President to access, understand, develop scenarios and revise individual department and function budgets. Completes reforecasts of profitability as needed.

Develops, audits and analyzes physical inventory, calculating book to actual, reconciling general ledger, monitoring valuation and shrinkage, determining excess and obsolete inventory to assess adequacy of reserves, retention of cost effective and elimination of obsolete inventory.

Analyzes labor costs, material costs, material usage requirements and product costs to determine reasonable, effective cost containment.  Develops overhead rates, determines overhead pools and cost drivers and monitors spending levels and reallocation of costs to assure full cost absorption.

Updates and maintains chart of accounts and fixed asset records.  Ensures compliance with bank covenants including timely financial reporting and borrowing base calculations.

Performs cost accounting activities and partners with the CEO and other key Company personnel to proactively develop financial information and analysis that assists the CEO and others to effectively manage the Company to achieve profit and cash flow objectives.  Examples include pricing analysis, gross margin analysis, profitability studies, and 13-week cash flows.  

Coordinates, cooperates, communicates, supports and interacts with Company personnel to foster teamwork and insure open communication and mutual understanding. Maintains a high degree of employee motivation and morale, departmental and interdepartmental cooperation.

Ensures compliance with generally accepted accounting principles, accepted company accounting policies and procedures and related governmental regulations.

Supervises accounting and payroll, credit and collection processes and staff.  Mentors and teaches personnel using effective management and supervisory techniques to foster teamwork and develop a satisfied, cohesive, committed, productive workforce.  Carries out supervisory responsibilities in accordance with the organization’s policies and applicable laws.  Responsibilities include interviewing, hiring and training employees; planning, assigning and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.

QUALIFICATIONS: Requires a Bachelors’ Degree in Business Administration with accounting emphasis or equivalent, plus 5 – 10 years related experience in manufacturing or related environment including progressively responsible and supervisory experience. CPA certification is preferred.

COMPENSATION: $100-120,000 plus bonus package and excellent benefits