Controller, Accounting, Accounting Manager

IMI plc

We are a global specialist engineering company that creates breakthrough solutions. We are curious and like to solve problems, partnering with our customers to solve the demands of today and prepare for the challenges of tomorrow. We embrace innovation and care about outcomes that are good for business, everyday life and making a better world – creating lasting impact for everyone.

We design, build and service highly engineered products in fluid and motion control applications. We focus on five market sectors:
Industrial Automation, Process Automation, Climate Control, Life Science, and Transport.

Our partnership approach breaks through problems and reduces complexity. We don’t invent in isolation – we collaborate with our customers. We listen closely and we think differently, creating space for diverse minds to innovate. We are working together to make businesses safer, more sustainable and more productive.

Role Overview
:

Based in Lake Forest and reporting to the Site FD, the role has responsibility for controllership, process development, financial reporting and audit of the CCI SoCal site. CCI SoCal is a $200m business, manufacturing and supplying critical valves and components to global customers.

Work Environment
:
Hybrid - Lake Forest, CA

Supervisory Responsibility

• Direct responsibility for a team of 8 finance professionals and temporary staff, focused on Accounts Payable, Accounts Receivable. Inventory, Payroll, and Financial Controls.
• Indirect responsibility for a team of up to 10 staff supporting the site, based from a shared services facility in Bangalore, India. The team is focused on transaction processing, intercompany.

Key Responsibilities
:

• Timely and accurate reporting of financial performance for the business
• Develop and implement critical, standardized performance measures to improve the financial performance of the site
• Lead Operations forecasting processes for shipments, expenses, inventory & Cap Ex
• Support the project management process, ensuring that project Management has up to date project costs and a comprehensive forecast of costs to complete on all projects
• Partner with Operations leaders to implement Working Capital efficiency improvement programs
• Analyze, manage, and optimize cash flow and performance
• Responsibility for preparing audited financial information for statutory and group consolidation accounting purposes
• Develop and oversee accounting policies and procedures to ensure compliance with relevant accounting standards, including revenue recognition in accordance with INCOTERMS
• Prepare capital expenditure business cases for long term asset investments, including calculation of rates of return on investment and payback periods
• Manage taxation activity of the site with the support of Group tax professionals
• Management of US payroll and associated tax and benefits
• Manage collections teams to ensure past due accounts are minimized
• Understand and analyze site manufacturing costs and manufacturing staff utilization
• Implement a high standard of financial controls
• Act as a trusted business partner to the regional Leadership Team
• Operate in an open manner and ensure ongoing development and training of staff
• Promote a culture of opportunity, achievement, responsibility and personal development within the team

Critical Competencies for Success
:

• Experience in project- based, highly engineered custom product manufacturing businesses a must (i.e., sales process tied to new construction builds, product upgrades tied to plant outages)
• Extensive knowledge of GAAP and IFRS
• 10-15 years’ experience in financial management and team leadership roles. Experience with in large multi-national, industrial/manufacturing business is an advantage
• Experience in cost accounting and implementing a strong financial control environment
• Bachelor in Management, Business or Finance; MBA or CPA
• Six Sigma or process excellence background is a plus

Core Competencies:

Continuous Improvement:

Continuous improvement, in regard to organizational quality and performance, focuses on improving customer satisfaction through continuous and incremental improvements to processes, including by removing unnecessary activities and…