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Plant Controller #312018

#312018
Toronto, Ontario Posted 03-Dec-2018

Plant Controller

Toronto, Ontario

#312018

 

The Plant Controller is responsible for the maintenance and analysis of plant financial records required for monthly financial statement preparation, coordinates audits with internal and external auditors, prepares audit packages and prepares budgets and forecasts for review.

Keys are:

Minimum 5 years as a Controller in a manufacturing plant, preferably in automotive parts manufacturing.

Experience with Oracle Hyperion and IBM Cognos or another comprehensive web based application that delivers global financial consolidation, reporting and analysis.

A recognized Accounting designation: CPA-CMA, CGA or CA

Responsibilities: (not limited to)

Management Reporting & Internal Control Systems

  • Maintain financial control and plant performance reporting system (financial statements, KPI’s) in accordance with company policies and procedures and following standardized reporting formats
  • Report weekly and monthly sales by part/platform to senior management
  • Prepare monthly reporting package for senior management which includes financial bridges
  • Prepare monthly variance analysis following standardized reporting format
  • Prepare and maintain Product Line Financials to assess program profitability and gross margin
  • Review and track continuous improvement projects
  • Prepare balance sheet review packages for parent company under IFRS guidelines
  • Submit monthly financial results to parent company using Hyperion/Cognos
  • Prepare year-end audit file and assist external audit process
  • Liaise with internal and external auditors and corporate officers
  • Track capital expenditure budgets using standardized formats and commitments and ensure that expenditures do not exceed authorized levels
  • Track plant working capital performance to forecast/budget and follow up issues
  • Monitor and report status of significant commercial issues impacting financial performance of the division
  • Perform post-expenditure reviews on significant capital projects and report to division and Corporate management
  • Work in compliance with Company Quality and EHS Policies and Procedures, including IATF 16949 / ISO 9001 / ISO 14001

Business Planning Process

  • Prepare annual business plan, capital budgets following standardized reporting format
  • Prepare monthly rolling forecast
  • Prepare capex payback/ROI analysis and control IPP process
  • Prepare IPP’s for new projects requiring significant new capital, maintain project tracking process, and coordinate PIR

Accounting Process

  • Prepare full cycle monthly closing (AR, AP, Inventory, & Fixed Assets on a 2 day close cycle)
  • Ensure that G/L mapping is correct and in accordance with parent company guidelines 
  • Assure maintenance of complete records supporting G/L including sub-ledgers and account reconciliations
  • Determine accruals and maintain cut-off procedures
  • Coordinate physical inventory and reconcile with book amounts
  • Prepare monthly financial statements and analyze significant variances
  • Prepare year-end audit file and assist external audit process
  • Maintain A/P and A/R sub ledgers regarding fixed assets
  • Review all journal entries and balance sheet reconciliations

Costing System

  • Maintain project costing systems for control of tooling, capital, and SRED projects
  • Ensure SRED project costs are properly documented and are consistent with SRED guidelines
  • Maintain inventory valuation and analysis
  • Prepare and maintain Bill of Materials for all production and prototype parts  
  • Review standard costs annually
  • Develop cost models for all new production parts
  • Ensure that inventory costing is reliable and accurate

Cash Management

  • Supervise processing of invoices for payment and manage timing of disbursements
  • Follow up on outstanding receivables, claims, and other customer issues
  • Prepare cash flow forecasts for Corporate and analyze free cash flow

Budgeting Process

  • Prepare monthly and yearly forecasts and budgets
  • Prepare analysis of future projects and programs
  • Track and maintain capital projects
  • Review engineering cost models and new business quotes
  • Use TM1 reporting module to upload annual budgets and forecasts

Department Leadership

  • Leadership and motivation of staff in Finance department
  • Recruit and retain sufficiently skilled people to allow effective delegation of basic accounting & financial reporting functions
  • Continuously train and develop staff to improve the individual and department performance
  • Build effective team relationships both within the department and with other departments

Customer Service

  • Oversee Customer Service functions ensuring product delivery within production capabilities to satisfy customer requirements
  • Responsible for overseeing managing the activities associated with the location’s inventory control process
  • Coordinate with functional teams to ensure an efficient & successful system to maximize inventory to meet company performance targets

Knowledge Base (not limited to)

  • Accounting designation:  CPA-CMA, CGA or CA
  • Excellent understanding of accounting concepts (IFRS)
  • Appropriate software knowledge (AS400, Hyperion, Cognos, TM1)
  • Highly adaptable and ability to interact effectively with Management, Plant personnel, Auditors and various Finance personnel at other divisions
  • 5+ years manufacturing experience, preferably in automotive parts manufacturing.


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