The Role
Leads cost accounting, inventory control, operational reporting, budgeting, forecasting, and variance analysis for manufacturing operations. Maintains standard costs, bills of materials, labor routings, overhead allocations, and inventory records. Partners with operational leaders to improve cost efficiency, inventory accuracy, profitability, and process performance. Provides financial insights to senior management, develops KPI dashboards, supports continuous improvement initiatives, and coaches finance team members.
Summary Generated by Built In
Description
The Operations Controller leads cost analysis, inventory control, and operational reporting to improve profitability, enhance productivity, and support strategic business decisions.
Duties and Responsibilities
- Oversee the development, maintenance, and accuracy of standard costs for manufactured products.
- Establish and maintain bills of materials (BOMs), labor routings, production rates, and cost allocation methodologies in coordination with operations.
- Analyze direct materials, direct labor, variable overhead, and fixed manufacturing overhead.
- Partner with operations to build visibility into true cost of production, materials utilization, and manufacturing efficiency.
- Implement inventory control procedures to ensure accuracy and integrity of inventory data. Manage inventory levels and inventory accounting processes to optimize inventory turnover and minimize carrying costs.
- Investigate inventory discrepancies, material losses, excess stock, and obsolete inventory.
- Support inventory cycle counts and periodic physical inventory reconciliations.
- Monitor and analyze costs and expenses across various operational areas.
- Identify opportunities to reduce costs and improve cost efficiency without sacrificing quality or service levels.
- Develop and implement cost control measures and initiatives to achieve financial targets.
- Serve as a trusted advisor to operational leaders, providing financial guidance and support as needed.
- Provide financial insights, performance metrics, and analysis to senior management to help drive strategic decision-making and performance improvements.
- Prepare budgets, forecasts, and variance analyses to assess financial performance against targets.
- Develop dashboards and KPI reports to communicate performance.
- Lead or participate in cross-functional teams to implement process improvements and drive operational excellence.
- Monitor and evaluate the effectiveness of process changes and initiatives, making adjustments as needed.
- Foster a culture of accountability, collaboration, and continuous improvement within the finance team.
- Coach and develop team members to enhance their skills and capabilities.
Requirements
- Work Experience - minimum of 7 years of experience in accounting with responsibility for cost accounting.
- Bachelor's in accounting. CMA / CPA Preferred
- Knowledgeable of Generally Accepted Accounting Principals
- Proficiency with costing standards, cost systems and variance analysis.
- Attention to detail, proven analytical and problem-solving abilities
- Good written and verbal communication skills
- ERP System experience (JDEdwards preferred)
- Must be proficient in MS Office software
- Ability to multi-task and establish priorities
Skills Required
- Minimum 7 years of accounting experience with responsibility for cost accounting
- Bachelor's degree in Accounting
- CMA or CPA certification
- Knowledge of Generally Accepted Accounting Principles
- Proficiency with costing standards, cost systems, and variance analysis
- Attention to detail and proven analytical and problem-solving abilities
- Good written and verbal communication skills
- ERP system experience; JD Edwards preferred
- Proficiency in Microsoft Office software
- Ability to multitask and establish priorities
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The Company
What We Do
Polychem Corporation manufactures plastic strapping systems and load securement packaging consumables and equipment, including strapping machines, steel strapping, tools, and accessories. It is known for its end-of-line packaging solutions.
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