Senior Accountant - Plant Controlling

About the role

Plant Controlling Sr. Accountant is responsible for all plant accounting functions as well as variance analysis. The position interfaces daily with the Operations Manager(s) and production staff to support continuous improvement and execute business strategy. He/she will ensure that accounting controls are maintained and that the plants' financial objectives are understood by the operations staff. The Plant Controller also interacts with Corporate Headquarters functions including Accounting, Supply Chain & Logistics and IT personnel. Applies principles of accounting to analyze financial information and prepare financial reports by performing the following duties. DUTIES AND RESPONSIBILITIES May include, but are not limited to, the following: Responsible for the accounting of a specific manufacturing plant including complete ownership of the P&L, Manufacturing Statement and Balance Sheet accounts. Operate as the key financial accountant for assigned plant, providing overall control of the balance sheet and P&L for assigned plant. Coordinate and communicate with plant staff regarding corporate objectives, guidelines, procedures and policies and ensure compliance with same. Coordinate and support activities across multiple locations and departments. Manage multiple deadlines and respond quickly to management, plant, and other departmental requests. Execute month-end, quarter-end, and annual close duties, including accruals and reviewing financial information to ensure the financials are accurately and timely reported. Prepare and post journal entries. Maintain proper documentation for required approvals. Ensure adherence to and effectiveness of internal control in own area of responsibility. Maintain general and supporting sub-ledgers and prepare monthly, quarterly and annual reconciliations, for assigned locations and accounts. On a monthly basis, analyze variances both pre- and post- close. Understand root cause and drive for corrective action. Preparation of monthly variance analysis and reporting packages for various Management team versus budget, prior year, and forecast analysis. Additional period analysis may be required. On a monthly basis, analyze the Inventory Change P&L Accounts. Identify, explain, and report on manufacturing variances from standards. Prepare and distribute daily, monthly, and quarterly reports, including the monthly reporting packages including variance analysis. Preparation of monthly forecasts and annual operating expense and capital budgets. Presentations of forecast and budget to Management are required. Prepare AFE, including development of payback financial calculations. Review AFE's for compliance, financial integrity, and accuracy, as well as supervise the tracking of the AFE through the approval process. Forecasting of Capital spending is required monthly. Subsequent AFE closures and writeoffs are to be created and submitted in a timely manner. Ensure accuracy of fixed assets. Assist with the periodic verification (count) of fixed assets, ensuring that counts are properly executed and adjustments timely posted. Monitor and process fixed asset disposals and transfers to ensure the accounting is correct. Ensure accuracy of inventory. Assist with the periodic inventory verification process, ensuring that counts are properly performed within corporate guidelines and that adjustments are timely posted. Perform month-end inventory revaluation procedures, establish slow moving/obsolete reserves, and handle overall costing of inventory. Ensure bills of materials and inventory costs are accurate. Investigate month-end count variances and help with root-cause corrective actions. Support monthly inventory reporting. Ensure goods receipts are properly accrued and matched with vendor invoices, so that outstanding items are cleared timely (GRIR process). Ensure vendor invoices are properly processed by plant and purchasing personnel by coordinating and leading resolution efforts. Process lease recognition requirements monthly. Process AP/AR intercompany transactions between companies and balance monthly with counterparts. Assist plant management with the cost savings/profit improvement programs. Establish the savings tracking models. Verify financial information on the cost savings/profit improvement plans to ensure accuracy. Share best practices with other team members. Occasionally, serving as a back-up when individuals are on vacation or absent. Cross train others as needed. Attend regular group training. Research and application of technical US GAAP requirements. Identify and lead continuous improvement initiatives. Facilitate internal and external audit needs. Perform additional ad-hoc analysis and reporting, as requested. Other duties and ana