Plant Controller

Our family-owned manufacturing client, located in Monticello, IN, is actively seeking a Plant Controller. The Plant Controller reports to the Chief Executive Officer and is responsible for all plant accounting, budgeting, and forecasting. The Plant Controller will provide financial direction to the plant and provide recommendations to improve site performance, while also planning and coordinating multi-site plant budget and business planning activities in alignment with corporate policies and practices.

This role is responsible for internal controls within the plants, month-end close, supporting the management team with information and analytics on plant costs, inventory management, and continuous improvement opportunities. Key areas of responsibility will include spend analysis, material & labor variance analysis, development of standard costing, forecasting, KPI (key performance indicators) management and reporting, asset safeguarding, and evaluating/tracking cost out opportunities.

• Financial reporting and analysis:
  • Support the Plant Manager, Director of Supply Chain, Chief Operating and Commercial Officer and CEO in all plant reporting and analysis needs.
  • Support analysis and commentary of drivers behind variances, month to month vs. prior year, and forecast and budget.
  • Review production variances (materials & labor) with management and help drive to root cause.
  • Help investigations in weekly/monthly dashboard of spending, highlighting opportunities for improvement.
  • Collate labor straight time and overtime daily and review with plant management.
  • Participate in plant problem solving and Continuous Improvement (CI) teams as finance subject matter expert by providing manufacturing support and analysis in such areas as process performance, line efficiency, OEE, scrap reduction, E&O reduction and control, inventory carrying cost, capital spending, inventory management, customer service objectives, production costing, and cost reduction.
  • Ad Hoc analysis and other tasks as assigned.
• General accounting:
  • Ensure compliance with policies and procedures in accordance with U.S. GAAP.
  • Implement Standard Operating Procedures and make recommendations to improve them for potential adoption across all plants.
  • Support internal and external audit requirements.
  • Responsible for monthly accounting close and reporting cycle for plant operations, including balance sheet account reconciliations, key statistical entries, manufacturing variances and other financial reporting requirements.
  • Ensure correct codifications of expenses are in line with company standards.
• Inventory and Cost Accounting:
  • Responsible for maintaining standard costs, bill of material cost rolls, periodic full standard cost roll updates, PPV analysis, monthly journal entries, and labor & overhead analysis and reporting.
  • Review and approve inventory cycle counts inter-month and period-end physicals in line with Company instructions, document results, and suggest improvements.
  • Estimate product costs to support quoting activities.
• Data Integrity:
  • Ensure that plant activity for production, shipments, receipts, internal transfers, plant expenses, and inventory adjustments are recorded timely and accurately so that information in the systems can be relied upon for accounting, financial reporting, supply chain execution, and analysis.
  • Partner with IT to develop master data management policies and procedures.
• Internal Controls:
  • Monitor and implement plant internal controls (in conjunction with corporate policies) as necessary to ensure reporting integrity, safeguard company assets, and identify risks.
• Annual Budgeting & Forecasting:
  • Guide and support the plant operations and supply chain teams through the annual budget cycle and re-forecasts.
  • Coordinate the plant annual planning with preparation of the plant budget, monthly forecasts, and ongoing reporting and analysis of actual costs vs. budget, key drivers of variances, and identifying opportunities for cost management.
  • Prepare weekly spend and KPI reporting.
  • Coordinate and direct the preparation of the budget and financial forecasts and support monthly variance reporting with bridge analysis.
  • Sup…