Plant Financial Controller-Daharki
Job Purpose
Plant Financial Controller contributes to all areas of plant management and provides strong financial leadership. The position is responsible for planning and coordinating plant budget and business planning activities in alignment with corporate policies and practices, elicits information from knowledgeable sources and keeps abreast of industry’s best practices. The incumbent will provide financial direction to the plant and provide recommendations to improve site performance.
Key Accountabilities & Performance Indicators 1/4
| 1. Drive plant performance as per defined KPI’s while building action plans to address gaps to target/standard |
| 2. Develop a documented system of cost accounting policies and procedures, considering appropriate internal controls, related to cost accounting function specifically to standard costing, inventory count, inventory valuation, reserves, etc. |
| 3. Review that standard cost is in-line with expected experiences for material, labor and overhead for all production orders. Highlight manufacturing and yield variances. |
| 4. Support analyses of potential excess and obsolete inventory items |
| 5. Develop, calculate, analyze and report key performance metrics |
Key Accountabilities & Performance Indicators 2/4
| 6. Build manufacturing variance reports to identify any issues and implement corrective actions |
| 7. Review and analyze inventory, margins, manufacturing variances (material, labor and overhead) and calculation of capitalized variances |
| 8. Completes monthly reconciliation of inventory, purchase price variances and manufacturing reports highlighting product rework, manufacturing efficiencies and capital expenditures |
| 9. Prepares estimates of new and proposed product costs |
| 10. Partner with Operations on the coordination of Physical Inventory |
| 11. Manage all accounting operations including Billing, A/R, A/P, G/L, Inventory/Cost Accounting and Revenue Recognition |
Key Accountabilities & Performance Indicators 3/4
| 12. Manage month-end and year-end closing and prepare monthly / yearly financial statements and other operational reports for site |
| 13. Prepare forecasts of income statement, balance sheets, and statement of cash flows for the Plant |
| 14. Must work across organization boundaries and all levels of the company to achieve plant and company objectives |
| 15. Integrates and trains new staff while leading the continued professional development of the existing team |
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16. Shares best practices across the company / group finance team, e.g., process improvements, financial modeling, and procedures changes |
| 17. Analyze variances and communicates explanations to management with recommended actions |
Key Accountabilities & Performance Indicators 4/4
| 18. Provides proactive / unsolicited consultation, interpretation, and education of complex financial and operational matters to various departmental leaders driving business decisions |
| 19. Collaborates with General Manager, Plant accountants and senior management to explain results, make improvements, manage projects, identify inefficiencies, understand operations, and lead the development of complex analysis |
| 20. Monitor and implement plant internal controls (in conjunction with corporate policies) as necessary to ensure reporting integrity, safeguard company assets, and identify risks |
| 21. Ensures proper accounting in accordance with GAAP as well as local statutory requirements |
| 22. Estimate product costs to support quoting activities |
Leadership and Functional Competencies
Key Knowledge Areas
Education & Technical Qualifications
Certifications
Professional Experience
At least 10 years’ experience in manufacturing accounting
Cost accounting experience