Corporate Controller - Job Description
Corporate Controller for Dial Tool Industries and Addison Traverse companies:
Opportunity:
We are looking for a talented Corporate Controller to join a nearly 60-year-old manufacturer of stampings, injection and insert molding, and assembly for the automotive, lawn and garden, and industrial markets in Addison, IL (near O'Hare Airport in Chicago) and oversee the financial operations of the Addison Traverse companies, a consolidated entity, that includes Dial Tool and Traverse City Products, roll-forming and stamping business in Traverse City, MI.
We invite you to create TRANSFORMATIONAL GROWTH at a dynamic manufacturing business. You will start with a successful and stable business in a critical niche of insert molding of stamped parts, which typically fit in your hand. The opportunity and resources are there to double, triple, or quadruple the business and make Dial Tool Industries the leading employer for manufacturing in its hometown. Although the fundamentals have been established, the endeavor will require meeting challenges and stretching the business from its comfort zone. Now is the time for an exciting journey of continuous improvement! Every day, 100+ associates work together to achieve amazing results at Dial Tool Industries.
At Dial Tool Industries you will manage the business to meet at the intersection of the following:
- FINANCIAL CONTROLS of a $17 million sales business with 80+ employees to provide quality financial reporting and cash controls and consolidate the financial reporting for a combined $30 million sales business, including Addison Traverse's other operations.
- SYSTEMIZATION of reporting, systems, processes, and dashboards to drive prompt management and operational response to business developments across all current and future business units.
- FINANCIAL PLANNING & ANALYSIS to continually update forecasts and evaluate investment opportunities to support strategic decision-making and effective financial management.
- MANAGING GROWTH to ensure high utilization of assets and availability of liquidity and financing at the corporate level and to manage additional acquisitions.
Responsibilities:
The Controller will jointly report to our General Manager at Dial Tool and the Chairman of Addison Traverse.
The Controller will be responsible for all financial reporting for Dial Tool, including weekly KPI, and monthly financial statements. On a consolidated basis, the Controller will be responsible for consolidated financials, annual audit and tax reporting, and the financial planning process, including leading the yearly, bottoms-up budgeting process and periodic updates to our financial outlook as the business dynamics change.
We expect the Controller to be a champion and leader in harnessing data and metrics from our Oracle NetSuite ERP system. One of Dial Tool's Core Values is continuous improvement, and we expect the financial team to embrace 6S and Lean operations in financial management.
We focus on growing the business's profitability and managing the assets required for that growth. The Controller will manage and work with others to optimize our working capital investment. Also, the Corporate Controller will invest in nurturing a culture based on respect, teamwork, humility, integrity, and results.
To be successful in this role, the candidate will need to:
I. Manage all aspects of the accounting and financial reporting:
Responsibility
Monthly financial closing and reporting
Outcome / Measurable
Accurately close the financial records and complete financial reporting and analysis within 5-7 days of the end of the month for Dial Tool.
Responsibility
Prepare annual budget (income statement, balance sheet, and cash flow) and update the financial outlook based on business developments
Outcome / Measurable
Develop and manage accurate earnings and cash flow forecasting models within 10% of actual consolidated quarterly results.
Responsibility
Manage daily and weekly cash management
Outcome / Measurable
- Minimize interest expense by managing cash flow and liquidity
- Achieve weekly Scorecard measurables
- Identify and quickly implement corrective responses, as needed
Responsibility
Annual financial audit and tax preparation
Outcome / Measurable
Timely and accurately provide the supporting information to our auditor and tax preparer to complete the Dial Tool portion of the filings
Responsibility
Evaluate capital investment opportunities and risk mitigation
Outcome / Measurable
Evaluate investment opportunities, assessing return on investment, and determining the optimal mix of risk and return.
II. Facilitate reporting and systems for the benefit of all managers and operations:
Responsibility
Champion and support the systemization (operations and accounting)
Outcome / Measurable
Utilize NetSuite ERP and business metrics to drive efficiency and profit opportunities
Responsibility
Drive continuous improvement processes
Outcome / Measurable
Utilize 6S and Lean practices to reach financial reporting and asset utilization goals
Responsibility
Ensure compliance with all regulations and expectations
Outcome / Measurable
Maintain and ensure compliance with regulations and laws, including tax filings, payroll reporting, and other requirements
Responsibility
Efficiently and effectively complete quarterly projects with limited resources
Outcome / Measurable
Examples may include selecting and transitioning to a new 401(k) provider or customer pricing analysis
Responsibility
Develop a skill set resiliency to ensure growth objectives for the business despite unknowable challenges
Outcome / Measurable
- Hire and develop succession and cross-training capability
- Prepare written procedures to complete all aspects of the position and ensure supporting functions procedures are completed
III. Manage working capital and financial liquidity for the near-term and the long-term:
- Efficiently manage accounts receivable, inventory, and accounts payable to maximize our working capital investment return.
- Manage current customers, prospects, and suppliers with efficient working capital and appropriate capital and operational risk exposure.
- Minimize the cost of the capital and maximize the availability of capital with lenders and investors with industry-leading financial results and presentation reporting.
Also, the Corporate Controller should have the following characteristics:
- Operates with a high level of autonomy
- Models humility, transparency, and integrity
- Excellent communication and interpersonal skills
- Ability to manage multiple projects and meet deadlines
- Maturity and resilience to exercise positive influence with a "can-do" attitude
- Balanced between hands-on and high-level, be a problem solver who knows the details
- Adaptability and curiosity to learn new operating environments quickly
- Ability to identify issues, make decisions, and have a solid commitment to delivering results
- Capability to work under pressure, independently, and confront issues directly
- Leads through continuous improvement
- Presents well to capital providers and the Board of Directors
Qualifications:
The successful candidate's educational background will include an undergraduate degree in accounting and a strong understanding of GAAP accounting principles. A CPA, MBA, or financial leadership at an independent manufacturing business is preferred. Experience optimizing a SAAS-based ERP, particularly Oracle's NetSuite. High proficiency with Microsoft Office products, especially Excel.
The candidate should have at least three years of experience in a financial leadership role and be comfortable working in a manufacturing facility environment.
Career Opportunities:
Based on performance and success, this individual will be considered for future leadership roles in acquired companies or other companies controlled by the ownership group.
Dial Tool Industries is an equal opportunity employer. Therefore, we evaluate qualified applicants without regard to race, color, national origin, religion, gender, age, marital status, disability, veteran status, sexual orientation, gender identity, or any other characteristic protected by law.
