Controller, Finance & Banking, Financial Reporting

Hunter Foundry Machinery Corporation (Hunter) is seeking a Controller to join our team in Bensenville, Illinois. This position will lead the accounting and financial operations of Hunter Foundry Machinery as an operating company within SMG Group. The Company Controller will report directly to the SMG Group Chief Financial Officer (CFO), who provides financial oversight across the group of companies.

The Company Controller will take ownership of Hunter’s financial reporting, accounting close, cash flow, working capital, customer credit, manufacturing cost accounting, light treasury activities, and internal controls. The position will partner with Hunter leadership while delivering accurate and timely reporting to the SMG Group CFO.

• Own the monthly, quarterly, and annual close process, including preparation and posting of monthly journal entries, review and posting of accounting interface transactions, reconciliations, accruals, reserves, and financial statement preparation.
• Prepare and analyze Hunter’s income statements, balance sheets, cash flow reports, and monthly management reporting packages; explain trends and variances to Hunter leadership and the SMG Group CFO, and prepare cash flow and profit-and-loss forecasts.
• Prepare and submit quarterly financial reporting packages to banks in accordance with reporting requirements and deadlines.
• Maintain the integrity of the general ledger and oversee accounts payable, accounts receivable, billing, collections, fixed assets, and bank reconciliations; perform trial balance reconciliations as needed and at least quarterly.
• Manage manufacturing accounting, including monthly machine percentage-of-completion calculations, work-in-process and inventory calculations and adjustments, inventory valuation, standard costs, production variances, cost of goods sold, and inventory reserves.
• Partner with Operations, Purchasing, and Sales to analyze margins, machine and parts profitability, inventory performance, and opportunities to improve working capital.
• Develop Hunter’s budgets and forecasts, monitor cash requirements, and provide financial analysis and reports to the SMG Group CFO to support operating and capital investment decisions.
• Perform light treasury activities, including reviewing daily bank activity and balances, preparing short-term cash forecasts, tracking expected receipts and disbursements, and identifying near-term funding needs for review with the SMG Group CFO.
• Coordinate routine banking activities and payment processes, including bank account administration, ACH and wire transfers for non-accounts-payable items under established approval controls, and resolution of bank-related inquiries;
  ** escalate
  * * material liquidity or banking matters to the SMG Group CFO.
• Lead customer credit reviews for new and existing accounts, including analysis of financial statements, payment history, trade references, and available credit information.
• Monitor accounts receivable aging, past-due balances, credit holds, customer concentration, and collection risk; review credit holds two to three times per week and respond promptly to urgent holds, coordinating release decisions with Sales and customer service under approved credit policies.
• Maintain documented credit policies, approval records, and appropriate segregation of duties;
  ** escalate
  * * material credit exposures and potential bad debts promptly.
• Oversee sales and use tax compliance, including California sales tax returns and required prepayments, property tax, audit schedules, and other accounting compliance requirements; serve as the primary coordinator for the annual external CPA review and financial consolidations.
• Calculate and administer internal and external sales…