Controller Industrial Business - John Cockerill - Salem OH

Position Description

I-Nature and Scope:

Supports FP&A and decision making for JOHN COCKERILL Group's Industrial business in North America. To do this, uses and organizes appropriate means necessary to achieve the department's objectives with a strong client - supplier relationship slant. Controls and guarantees the quality of the financial information provided. The function is transversal to the Sectors and requires general and specialized knowledge in the areas of competence.

II-Key Responsibilities

A-Monthly Reporting, Financial Statements/Audit

• Support CEO and the business in the decision making process by providing accurate data.
• Business partnering with general managers to develop financial plans, provides financial analysis and insights to support decision-making.
• Customer relationship with Business Unit/Sector Finance Director and point of contact with corporate finance team.
• Plays an active role in the development and implementation of growth strategy and the establishment of finance structure to support business growth in line with the objectives of the company.
• Assist the leadership team in the budgeting, business planning and forecasting. (I think you already mentioned it)
• Develop a high-performance finance team and strong succession plan to ensure high performance, accuracy in financial reporting and continuous improvement.
• Accurate and timely financial reporting
• Prepare journal entries on a monthly basis
• Prepare accurate and timely reports on monthly cash inflow and outflow
• Calculate and analyze the percentage of completion on projects in accordance with group rules
• Determine and prepare necessary adjustments to financial statements to be in accordance with IFRS per group finance rules

B-Financial Planning and Analysis

• Accurate 15 month rolling forecast of financial results
• Accurate 15 month rolling forecast of cash flow
• Develop annual budget working with cost center managers on cost center budgets
• Review financial reports and budgets with management

C-Decision support: Project cost accounting and project control

Cost accounting:

• Provide leadership to ensure adequate cost accounting processes are in place, including standard cost updates, physical inventory verification, periodic cycle counts, etc. • Lead ad hoc projects as required, business development initiatives such as new business opportunities (and possibly financial review of development contracts and appropriate revenue recognition and project accounting (as applicable).

Forecasts/Project Cost Controlling:

• Update projects and review costs and timekeeping for accuracy
• Work with project managers on contract review reports

Hedging of Foreign Exchange:

• Determine (by working with project managers) the need for foreign currencies for purchases
• Work with banks and group to establish hedge contracts for purchase/sale of currency other than USD and Monitors hedge contracts as appropriate

D-Working Capital management & Fixed Assets

Accounts Receivable

• Work with project managers in order to issue customer invoices
• Review accounts receivable aging reports and provide past-due reports to the appropriate personnel
• Work with other personnel (Global Services, sales, project managers) and customers to resolve and collect past due receivables

Accounts Payable

• Support Process/input into SAP purchase order and non-purchase order invoices, as needed
• Resolve invoicing differences with other departments and obtain necessary approvals
• Coordinate vendor payments with the purchasing manager
• Process and record payments (EFT and checks) vendors
• Initiate wire transfer payments
• Review vendor statements and investigate discrepancies

Intercompany

• Record intercompany balances and activities in software program (SIGMA)
• Reconcile differences in intercompany accounts with other Local Entity personnel

Fixed Assets

• Run depreciation in SAP and review for accuracy
• Analyze and properly record leases as operating or financing (capital)
• Monitor capital leases – depreciation, disposal, capitalization or expense
• Review maintenance expenditures for proper reporting, capitalization or expense
• Properly record asset disposals