Controller - Woonsocket, United States - Banneker Industries

Banneker Industries Woonsocket, United States

6 days ago

Description

Job Type

Full-time

Description

The Controller is responsible for overseeing the primary day-to-day responsibility for planning, implementing, managing and controlling Finance, Accounting, and Administrative activities of the company.

They are responsible for maximizing the return on financial assets by establishing and maintaining financial policies, procedures, controls and reporting systems.

They also oversee cost and general accounting, accounts receivable, accounts payable, payroll. The selection, training, development and motivation of all finance, and administrative personnel is a crucial responsibility.

The Controller contributes to establishing business performance objectives and strategic planning while being held accountable for meeting financial and other objectives.

They focus their day-to-day activities and initiatives to achieve near, mid and long-term corporate goals and support the key performance indicators of the Company.

The Controller is the most senior member of the Finance and Accounting team. As a key member of the Executive Management team, this position will report to the President. This position description reflects the current assignment of essential functions and is not meant to be all-inclusive.

Duties and responsibilities may be assigned or reassigned to this job at any time and may be modified to reasonably accommodate an individual with a disability or for other reasons.

Essential duties & responsibilities related to this position function include, but are not limited, to the following:

1.Finance (Financial Management, Planning, Reporting & Analysis)

a.

Responsible for all banking and finance activities, including negotiating lines of credit and key vendor agreements, as well as reviewing all financial contracts, financing agreements and insurance policies.

Responsible for the company's financial statements, general ledger, cost accounting, payroll, accounts payable, accounts receivable, budgeting, tax compliance, and various special analyses.

c. Responsible for providing accurate and comprehensive financial information to executive management team for long-term financial strategizing, and financial planning.

d. Assists in financial analysis including risk assessment, analyzing efficiency, and informing policy decisions.

e.

Establish methods and systems for reporting; identify which reports and dashboards to develop and regularly review to monitor company performance and identify issues before they turn into problems.

f. Improve best practices for cash management, forecasting, and cash flow management for growth. Identify profit drivers and revenue opportunities to channel resources accordingly. Review fixed and variable to costs to identify cost savings initiatives.

g.

Determine working capital needs to support growth, raise funds to expand, or fund a new product/market/venture; leverage existing relationships to help achieve strategic growth initiatives.

Use outsourced expertise to perform key roles that are much more efficient and cost effective than in house resources; evaluate cost-effectiveness across the business and drive efficiency.

i. Collaborates with HR to negotiate annual benefit programs.

2.Accounting

a. Oversee all aspects of daily accounting operations, with the willingness and ability to manage the details.

b. Assist with operational and strategic issues as they arise and provide recommendations based on financial analysis and projections.

c. Implement and oversee annual operating budget so as to monitor progress and present operational metrics. Engage senior leadership to align financial decisions with short and long-term financial planning and projections.

d.

Execute internal controls over the company's accounting and financial procedures; ensure the company's internal controls and governance processes are sufficient to mitigate all significant risks and ensure compliance with local, state, and federal filing requirements.

e. Approve invoices to be paid and generate accounts receivable reports.

f. Coordinate with external tax accountants and auditors.

g. Find areas of weakness in data and reporting systems so to implement changes throughout the organization. Once identified, implement robust and reliable internal systems and controls.

3.Legal, Compliance, and Relationships

a. Support Executive Team in legal and compliance matters; evaluates and develops strategies to minimize or eliminate legal risk, and oversee operational policy necessities and improvements

b. Assist in the negotiation of all firm contracts including leases, client contract modification, etc.

c. Leads efforts with all legal and regulatory responsibilities, including contracts, NDAs, licenses, etc.

d. Ensure compliance in all areas of the business, including bank covenants and strategic partnerships.

e. Manage the relationship with the bank(s) to maximize the available resources at the lowest possible costs.

f. Implement a clear path to ensure maximum financial stability.

4.
Leadership

a. Assist with strategic planning, establish and implement goals, objectives, policies, and operating procedures.

b. Provide day-to-day leadership and management that aligns with the Company's Mission, Vision, Values. Build effective teams. Develop, motivate and lead a high performing team to foster a success-oriented, accountable culture.

c. Champion the involvement and effectiveness of Team Banneker members of the QMS.

d. Build and maintain Customer relationships. Participate in local trade, professional, and civic associations as a representative of Team Banneker.

5.
Other

a. Participate in sales and business development efforts.

b. Keep informed of relevant new technology and make recommendations as applicable.

c. Maintains safe, secure and clean work environments. Conduct operations in a manner that promotes safety and compliance to OSHA and other company health and safety standards.

d. Contributes to maintaining compliance to Quality Management System certifications and participates in projects and initiatives focused on driving Continual Improvement throughout the organization (i.e. Kaizen events). Assists with special projects from time to time and performs other job-related duties as assigned.

Requirements

Education/Experience

10+ years in progressively responsible financial leadership roles (preferably in a supply chain, logistics, distribution, manufacturing, or similar industry), including a minimum of 5 years Business Experience in Cost Accounting, Controller and/or Financial Analysis; 4year College Degree in Accounting, Finance, or related field; MBA or other advanced degree preferred; CPAs highly desired. Experience must reflect direct application of the designated competencies at the senior management level.
Experience with companies with revenues $10 Million, ideally with clients in the highend aerospace, defense, industrial manufacturing, commercial distributors, or similar.
Relevant experience and working knowledge of ERP Systems (preferably Microsoft Dynamics NAV/Dynamics 365 Business Central), HR/Benefits administration, and other associated technology.
Above average negotiation skills and customer relationship skills.
Experience working with banks/financial institutions, external auditors, internal controls and compliance related issues.
Experience in entrepreneurial P&L management, which balances organizational, operational, and financial leadership with the company's growth strategy; direct experience building and maintaining deep relationships with key partners.
Knowledgeable of industrial real estate transactions including building purchases, leases, subleases, sale leasebacks and other similar real estate transactions.
Possesses a general knowledge of industry specific insurance products including warehouseman's legal liability insurance (WLL), general liability insurance (GL), commercial general liability (CGL) and understands the UCC and lien waiver language.

Skills & Abilities

Customer centric leader capable of establishing direct, collaborative relationships with internal Team Members, strategic trade partners, customers, and suppliers. A collaborative, innovative, decisive, and results orientated executive with the ability to translate strategy into clearly defined tactical actions and goals
Desire and skill to manage and develop people using their knowledge and experience of coaching styles to demonstrate leadership through a variety of approaches. Ability to manage, motivate and work within a team. Proven team builder successful in attracting and developing superior talent within their team.
Has above average computer skills with proficiency in Microsoft Office Suite (Excel, Word, PowerPoint, and Outlook) and Microsoft NAV ERP. Must have an understanding of how business software systems interrelate.
Excellent communication, interpersonal, and influencing, and negotiating skills; strong verbal and written communication skills in English. Speaks persuasively and clearly in all situations, demonstrates group presentation skills and effectively conducts meetings.
Critical thinking, analysis and presentation of data, strategic agility, dealing with ambiguity, holistic financial perspective; excellent analytical, reasoning and problem solving skills. A strong ability to look at complex issues from a strategic perspective; to frame issues and create effective plans for execution
Able to represent the company in industry related trade groups when required
Able to travel 10% of the time, sometimes on short notice

Personal Attributes:
-
Integrity and Ethical Standards. A strong will which ensures that one is always doing the right thing by upholding the ethical and professional standards and is honest in all transactions with the company and the stakeholders. Personal morals and belief systems that align with company culture and core values of Team Banneker, Quality First, Customer Success, Continual Improvement, and Integrity. Personal credibility; unquestioned commitment to integrity in personal and professional activities, and a deep appreciation for the confidential nature of our business. Foster an environment of accountability and professionalism and mentor team members to provide fiscal stewardship.

-
Big Picture/Strategic Thinker. Has vision, but also hands on and knows the details to implement business plans for the company and that aligns with the "big picture".

-
Servant Leadership and Teamwork. Intellectually curious, natural leader with the empathy to grow and develop a high performing team and the self-confidence to influence with conviction and passion. Elevated emotional intelligence and ability to communicate at all levels; identifies, assesses and responds effectively to emotional feedback from individuals and groups. Qualities to delegate and oversee the financial and administrative operations of the company effectively. These qualities include emotional intelligence; self-awareness, motivation, empathy and social skills. Demonstrated leadership ability, confidence and executive presence. Strong interpersonal and teamwork skills. Ability to communicate and manage well at all levels of the organization.

-
Thoroughly understands the operations of the business. Knows why the numbers are what they are, and develops strategies/solutions to address/improve working with others (rather than just reporting the numbers). Comfortable and wants to be out on the floor, asks probing questions to understand why.

-
Independent Thinker. Comfortable disagreeing with colleagues and making impassioned, logical, and data driven arguments. Willingness to accept constructive feedback.

-
Perspective on Risk. Balance business complexity while minimizing risk as the business executes its initiatives and strategies

-
Results Oriented Nature. The ability to achieve goals that are specific and measurable. Strong sense of urgency.

-
Customer Focused. Focuses on finding ways to help customers solve their problems by understanding their needs and challenges.

Salary Description

$105,000-$130,000

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