What are the responsibilities and job description for the Manufacturing Controller position at Hi Tech Honeycomb Inc?
Department: Accounting
Reports To: Chief Financial Officer (CFO)
Pay Range: between $142,000 - $162,000
Job Summary:
Hi Tech Honeycomb, Inc. is seeking a highly skilled and experienced Manufacturing Controller to oversee financial operations and reporting within our manufacturing facility. This strategic role ensures accurate financial reporting, effective cost control, compliance with regulations, and alignment with company goals. Acting as a key partner to plant management, the Manufacturing Controller provides insights and guidance to enhance decision-making, operational efficiency, and profitability.
Key Responsibilities:
1. Financial Reporting and Analysis
- Prepare and analyze monthly, quarterly, and annual financial statements, ensuring accuracy and timeliness.
- Track and report on key financial metrics, including production costs, labor expenses, inventory valuation, and overhead costs.
- Conduct variance analysis (e.g., actual vs. budget, actual vs. forecast) to identify trends and recommend corrective actions.
2. Cost Accounting and Budgeting
- Oversee the cost accounting system to ensure accurate product costing and profitability analysis.
- Develop and manage annual budgets and forecasts, working closely with plant management and corporate finance teams.
- Monitor and report on manufacturing costs, ensuring adherence to cost targets and efficiency goals.
3. Internal Controls and Compliance
- Ensure compliance with company policies, accounting standards (GAAP/IFRS), and regulatory requirements.
- Maintain and enforce internal controls over financial reporting and operational processes.
- Support internal and external audits by providing necessary documentation and reports.
4. Inventory and Asset Management
- Oversee inventory accounting, including cycle counts, physical inventories, and inventory valuation.
- Monitor and control capital expenditures (CapEx) to ensure alignment with budgets and strategic priorities.
- Collaborate with operations teams to optimize inventory levels and improve working capital.
5. Business Partnership and Leadership
- Serve as a financial advisor to management, providing insights on cost reduction, productivity improvement, and profitability enhancement.
- Participate in cross-functional teams to support operational and strategic initiatives.
- Train and mentor plant finance staff, fostering professional growth and development.
Qualifications:
Education and Experience
- Bachelors degree in Accounting, Finance, or a related field (CPA/CMA certification preferred).
- Minimum of 58 years of experience in accounting or finance, preferably in a manufacturing environment.
- Strong knowledge of cost accounting, budgeting, and financial reporting principles.
- Knowledge of absorption accounting is a plus.
Skills and Competencies
- Proficiency in ERP systems (e.g., SAP, Oracle, or similar) and advanced Microsoft Excel skills (M1 experience preferred).
- Excellent analytical, problem-solving, and organizational skills.
- Strong interpersonal and communication skills, with the ability to interact effectively with all levels of the organization.
- Demonstrated ability to lead and influence teams in a dynamic environment.
Why Join Us?
At Hi Tech Honeycomb, Inc., we pride ourselves on delivering high-quality products and fostering a culture of innovation and teamwork. The Manufacturing Controller will play a critical role in driving our operational success and ensuring financial stability as we continue to grow.
Apply today to be part of a team that values integrity, collaboration, and excellence.
Salary : $142,000 - $162,000