The Business Segment Controller is a key member of the business as the site finance lead and business partner to the BU segment manager. This position will be responsible for all financial reporting and analysis functions, operations reporting, compliance, and implementation of process improvements for the site. This is a hands-on operational accounting role that requires strength in product cost accounting and inventory management in a manufacturing environment. The position manages and coordinates the closure of financial systems and preparation of financial statements; coordination of monthly forecasts, working capital improvement initiatives, and detailed financial analysis of products and customers, making recommendations for improved operating results. The role also assists in monthly and quarterly financial reporting consolidation for the top-level business unit.
KEY RESPONSIBILITIES Prepare and present the financial position of the business on a monthly, quarterly, and annual basis; perform fluctuation variance analysis to explain performance
Manage the month-end closing process to ensure timely and accurate reporting per AMETEK guidelines; review and approve journal entries and account reconciliations
Analyze trend data in key performance indicators including Revenue, cost of sales, gross profit margin, expenses and working capital; communicate findings and areas for improvement to senior management
Coordinate the activities of multiple functions involved in the preparation of monthly forecasts and annual budgets; reports and explain forecasted data (orders, sales, profit and working capital) to senior management
Work with Operations on the reporting and tracking of key KPIs, including productivity, operational cost savings, value analysis and value engineering (VAVE), and new product development
Lead efforts to manage and reduce Working Capital, including Accounts Receivable, Inventory, Accounts Payable, Unbilled Revenue, and Customer Advance Payments
Ensure proper inventory management in relation to valuation (bill of materials, standard costs, and overhead rates), physical count accuracy, and provision for excess & obsolete inventory
Review capital expenditure requests; prepare net present value calculations in support
Ensure compliance with AMETEK accounting policies and procedures; assist with the implementation of new accounting standards and manages departmental training as needed
Maintain and oversee robust internal controls environment; ensuring compliance with quarterly and annual SOX requirements
Oversee compliance with and support for internal and external audits
Assist in monthly, quarterly, and annual reporting packages for the top-level business unit as required
REQUIREMENTS FOR CONSIDERATION Bachelor's Degree in Accounting or Finance
CPA or Master's Degree preferred
Minimum 7+ years financial reporting, budgeting, forecasting and accounting, preferably within a multi-site manufacturing environment
Thorough knowledge of business finance, financial analysis and modeling
Minimum 3-5 years of leadership/management experience
Public company and M&A experience preferred
Strong understanding of US GAAP (including ASC 606 Revenue Recognition) and SOX 404 requirements
Proficient with MS Office Suite, notably Excel (including pivot tables) and PowerPoint
Working knowledge of ERP platforms (Oracle)
Proficient with financial consolidation reporting tools (HFM) and data analytics tools (Power BI)
Excellent communication across all levels (Business Units, Division, Corporate)
Ability to present confidently to Executive and/or Senior Divisional Leadership Team
Ability to meet strict deadlines and work independently
Travel: 10% business unit site visits, operational reviews, integration sessions
WHAT'S IN IT FOR YOU Competitive Compensation & Holiday Pay
Great Health Benefits, and 401(k) plans
Paid Time Off per year depending on level
Less red tape - we have an environment that supports the entrepreneurial spirit
Fun & Professional Culture while also providing work/life balance for our employees
Fast growth opportunities and quicker career development for the right candidate
Mentors to help you grow both personally and professionally
#LI-TLS
Compensation
Employee Type:
Salaried
Salary Minimum:
$170,000
Salary Maximum:
$200,000
Incentive:
Yes
Disclaimer: Where a specific pay range is noted, it is a good faith estimate at the time of this posting. The actual salary offered will be based on experience, skills, qualifications, market / business considerations, and geographic location.
For more information on AMETEK's competitive benefits, please click here.
AMETEK, Inc. is a leading global provider of industrial technology solutions serving a diverse set of attractive niche markets with annual sales over $7.0 billion.
AMETEK is committed to making a safer, sustainable, and more productive world a reality. We use differentiated technology solutions to solve our customers' most complex challenges. We employ 21,000 colleagues, in 35 countries, that are grounded by our core values: Ethics and Integrity, Respect for the Individual, Inclusion, Teamwork, and Social Responsibility. AMETEK (NYSE:AME) is a component of the S&P 500. Visit www.ametek.com for more information.
We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class. Individuals who need a reasonable accommodation because of a disability for any part of the employment process should call 1 (866) 263-8359.
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