A Controller at a Steel Fabrication Company typically holds a senior-level accounting and financial management role. The main responsibilities revolve around overseeing the company’s financial health, ensuring accurate reporting, and maintaining control over financial processes. Here’s an overview of the key functions and responsibilities of a Controller in such a setting:
Key Responsibilities:
- Financial Reporting:
- Prepare and manage financial statements (balance sheets, income statements, cash flow reports).
- Ensure timely, accurate, and compliant reporting to stakeholders, including senior management, external auditors, and regulatory bodies.
- Provide financial analysis to guide business decisions, highlighting trends and performance metrics.
- Budgeting & Forecasting:
- Develop, implement, and monitor annual budgets.
- Work closely with department heads (e.g., production, operations, sales) to ensure financial forecasts are accurate and aligned with strategic goals.
- Analyze variances between actual and forecasted financial performance.
- Internal Controls & Compliance:
- Design, implement, and enforce internal controls to safeguard company assets and ensure compliance with financial regulations (such as GAAP or IFRS).
- Lead audits and liaise with external auditors to ensure compliance with financial standards and tax regulations.
- Oversee tax filings, ensuring the company meets its legal obligations.
- Cash Flow Management:
- Monitor and manage cash flow to ensure adequate liquidity for daily operations.
- Oversee accounts payable and receivable to optimize cash flow.
- Coordinate with the finance team on working capital management, including inventory control, procurement, and payment schedules.
- Cost Accounting & Job Costing:
- Oversee cost accounting functions specific to steel fabrication processes, ensuring accurate job costing.
- Track material, labor, and overhead costs to calculate the profitability of projects.
- Work closely with the production team to analyze manufacturing costs and identify areas for efficiency improvement.
- Financial Analysis & Strategic Planning:
- Provide analysis on key performance indicators (KPIs) such as profit margins, return on investment (ROI), and production costs.
- Support senior management with long-term strategic planning through financial forecasting and risk analysis.
- Identify opportunities for cost reduction, process improvements, and operational efficiency.
- Team Leadership & Training:
- Supervise the finance and accounting team, providing guidance and mentorship.
- Ensure ongoing training for staff to keep up with accounting standards and software.
- Foster cross-department collaboration, especially with production and operations teams, to align financial and operational goals.
Skills & Qualifications:
- Education: Typically, a bachelor's degree in accounting, finance, or a related field is required. A CPA (Certified Public Accountant) or CMA (Certified Management Accountant) is often preferred.
- Experience: 5-10 years of experience in accounting or finance, with a focus on manufacturing or industrial sectors. Experience in steel fabrication or heavy manufacturing industries is highly valued.
- Software Skills: Proficiency in accounting software (e.g., SAP, QuickBooks, or specialized ERP systems) and advanced Excel skills for data analysis.
- Attention to Detail: Given the complex nature of job costing in fabrication, the Controller must have a strong attention to detail to ensure accuracy.
- Communication Skills: Must be able to effectively communicate complex financial data to non-financial managers and senior executives.
Challenges:
- Cost Fluctuations: Steel and raw material costs can be volatile, and managing profitability in such an environment requires keen financial oversight.
- Complex Job Costing: Fabrication projects often involve detailed, multi-step processes with various material, labor, and overhead costs that need to be tracked accurately to ensure proper pricing and profitability.
Overall, the Controller in a Steel Fabrication Company plays a crucial role in ensuring that the company remains financially stable while supporting operational goals with accurate financial data and strategic insights.
Job Type: Full-time
Pay: $67,000.00 - $72,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Health insurance
- Vision insurance
Work Location: In person
