Controller (Finance)
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Purpose:
Philadelphia Gear part of the Timken Power Systems group in Santa Fe Springs, CA has a current opening for a Controller position. This position is responsible for the accuracy and integrity of all financial information for the Philadelphia Gear (PG) Western Gear Region - Santa Fe Springs manufacturing location. As a critical member of the plant's management team, the Plant Controller is responsible for driving the financial performance of the plant, ensuring a strong internal control environment, and ensuring that economic rigor is applied to the decision-making process. This position will also manage the significant accounting demands of the US government as it pertains to the Philadelphia Gear marine business including POC accounting and related forecasting and budgeting of revenue and margins for the marine business.
Key Responsibilities:
- Serve as a partner to the PG Western Region GM and the site team to drive business performance to meet company objectives.
- Lead, direct, and coach the Santa Fe Springs finance team in all functional activities, including general accounting, job cost accounting, and inventory validation.
- Prepare all aspects of POC accounting each month for the marine business including the journal entries and related account reconciliations.
- Create annual operating & capital budgets, plans, and forecasts consistent with strategic objectives and company's standards and protocols. This includes the budgets and forecasts for the marine business that is accounted for using POC accounting. Also includes inputting and updating budget & forecast data into OneStream as needed.
- Define annual financial plans and forecasts in alignment with the corporate finance processes and consistent with the strategic business objectives.
- Lead the efforts to create accurate, timely and effective internal control processes and systems to record accounting transactions for the business (P&L, Working Capital, Balance Sheet, Capex and Cash Flow).
- Lead the effort to provide financial analysis to understand cost and margin performance to support varying business needs and initiate corrective actions where necessary.
- Coordinate all audit, internal controls and SOX compliance activities with corporate and local governments when applicable. This includes leading financial audits for government contract compliance considerations.
- Adherence to US GAAP and Sarbanes Oxley to support external public company financial reporting requirements.
- Drive a performance and talent management culture within finance and accounting departments to meet objectives and establish a continuous improvement culture.
- Coordinate and oversee timely and accurate month-end close process of the finance team.
- Review and approve account reconciliations monthly in Blackline.
- Prepare slides for monthly business performance meetings.
- Develop annual burden rates.
- Provide oversight & support for annual physical inventory counts. Investigate and recommend process improvements as a result of any large book to count adjustments.
- Collaborate on significant customer and vendor contract negotiations as needed.
- Prepare capital spending justifications.
Required Skills and Experience:
- Minimum bachelor's degree in business - Accounting/Finance and 8+ years experience
- CPA/CPM Preferred
- Manufacturing experience required
- POC accounting experience strongly preferred
- Adaptability and willingness to wear multiple hats
- Full scale accounting knowledge (financial reporting, internal controls, budgeting, processes)
- Large ERP & Forecasting Systems experience preferably Epicor and OneStream
- Self-starter with ability to work independently
Pay Range: $109K - $140K annual
All qualified applicants shall be treated equally according to their individual qualifications, abilities, experiences and other employment standards. There will be no discrimination due to gender or gender identity, race, religion, color, national origin, ancestry, age, disability, sexual orientation, veteran/military status or any other basis protected by applicable law.
The Timken Company, a global technology leader in engineered bearings and industrial motion, designs a growing portfolio of next-generation products for diverse industries. For 125 years, Timken has used its specialized expertise to innovate and create customer-centric solutions that increase reliability and efficiency. The company posted $4.8 billion in sales in 2023 and employs more than 19,000 people globally, operating from 45 countries. Timken is one of the World's Most Innovative Companies, according to Fast Company, and has been recognized among America's Most Responsible Companies and America's Greatest Workplaces for Diversity by Newsweek, the World's Most Ethical Companies® by Ethisphere and America's Most Innovative Companies by Fortune.
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