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Controller

2 months ago

Wayne, United States Lmc Full time

LMC is the leading buying group for a network of independent building material companies across the US. As their buying group, LMC negotiates and facilitates procurement opportunities for the most desired brands in the lumber and building materials industry. We also work to provide operational support with focus on logistics, capital equipment, technology, and marketing. By leveraging the billion dollar buying power of our members, LMC ensures our members have a competitive edge to capture more of their local market share.

The Controller is a critical and highly visible position, which interacts with every aspect of our business.The Controller oversees most financial and accounting related aspects of the business, including the treasury function.The Controller has broad responsibilities, which includes the management of the accounting staff, financial transactions and components along with financial statement preparation and distribution, implementation and adherence of the financial control environment, relationship with outside auditor, and is the point person for the corporate business plan preparation. The Controller is also responsible for monitoring and optimizing the cash position, investments, and line of credit of the organization, and overseas the cash conversion cycle through management of the accounts payable and billing teams and serves as intermediary with accounts receivable. As such, the Controller also must possess awareness and tact regarding supplier and customer terms. The Controller maintains all banking relationships and negotiates the companys line of credit, debt covenants, and fee structure. Other responsibilities include the procurement and oversight of insurance coverages, management of building/office facilities, participation on the companys retirement plan committee, and office services. The position requires a strong understanding of Generally Accepted Accounting Principles (GAAP), ability to manage a large staff with varying skill sets, an understanding of financial systems, a mentality to accept and help drive change to create efficiencies, and an ability to work across a broad spectrum of departments, customers and suppliers.

Primary Duties and Responsibilities:

  • Oversees the activities of Corporate Accounting, A/P, Billing, Office Services and Facilities Management departments.
  • Manages financial statement preparation and distribution process, and provides relevant analysis and commentary compared to forecast, budget and prior year results.
  • Implements the correct accounting treatment of financial transactions and solutions to complex accounting problems in adherence with GAAP, as well as changes regarding the use of general ledger accounts, account classifications and revisions in reporting or accounting structure.
  • Manages financial control environment, including review of account reconciliations and journal entries, and ensures company policies/procedures are followed to ensure the financial integrity of the business, and implements changes as required.
  • Maintains strong banking relationships, evaluates and negotiates competitive financing programs to ensure necessary working capital needs.
  • Manages corporate liquidity and the optimization of company cash/investment resources while overseeing and the cash conversion cycle, including cash collection and disbursements.
  • Manages the company audit relationship with outside auditors as well as internal audit function.
  • Oversees the preparation and completion of the annual Corporate Business Plan.
  • Complies with reporting requirements of federal and state governmental agencies for sales/use taxes, personal property and miscellaneous taxes.
  • Ensures financial adherence of futures commodities program speculation procedures and dollar limits, and inventory transactions and controls in general.
  • Responds to vendor credit review inquires, discussion and analysis of LMC financial statements.
  • Is the corporate Risk Manager and secures necessary insurance policies with appropriate coverage and competitively priced premiums.
  • Interfaces with company Information Technology staff in the improvement of accounting processes to enhance cash flow, reduce expenses and produce efficiencies.
  • Oversees the management of Facilities office space (three buildings, 50,000 sq. ft.), and negotiates tenant lease rental income agreements.
  • Tracks and analyzes all capital improvements.
  • Participates on the Retirement Plan Committee.
  • Participates in the selection and hiring process of staff, and conducts performance and compensation evaluations.
  • Performs other duties as required and/or assigned.

Qualifications:

  • Bachelors degree in Accounting or Finance or equivalent experience required, with some understanding of the Treasury function. Masters Degree or CPA is preferred.
  • Ten (10) years minimum of accounting and/or financial environment related experience.
  • Five (5) years of supervisory experience in managing accounting/finance operations, showing increased levels of responsibilities and or assignments.
  • Strong financial acumen, with the analytical skills and ability to solve complex problems, pull data from a system, and generate reports
  • Well versed in GAAP, the interpretation of financial statements and understand accounting and financial concepts, and the ability to implement new accounting pronouncements.
  • Experience with budgeting, forecasting, and financial modeling
  • Extensive experience with accounting systems, with the ability to work in an environment with a high volume of transactions.
  • Leadership capabilities embodying mentoring, coaching, and skill development.
  • Excellent verbal and written communication skills.
  • Strong knowledge of and demonstrated experience with MS Office suite of products, particularly with Excel, with knowledge of Great Plains preferred - including the ability to create spreadsheets using complex formulas, pull data from systems and create reports for various reporting purposes.
  • Understanding of the lumber and building materials industry and co-op business model is a plus.

Why join LMC?

LMC supplies products and services to the home building industry, which is seeing considerable growth with exciting new products, advanced building technologies, and home improvement innovations. The LMC team uses its knowledge and expertise in an entrepreneurial atmosphere to further the growth of our independent member companies. Being a part of an established forest products and building materials buying group that helps locally owned, independent businesses succeed is truly a rewarding experience.

Check out our benefits & perks

  • Incentive programs for all employees
  • Traditional and Roth 401k Plans with Generous Company Contributions
  • Medical, Dental and Vision Insurance with Flexible Spending Accounts
  • Competitive Vacation and Paid Holidays
  • Life Insurance Along with Short & Long Term Disability
  • Continuing Education Tuition Assistance
  • Walking distance to the train station and local eateries
  • Employee team building, company gatherings and participation in various charity events
  • Located in the beautiful neighborhood of Wayne, PA

Come Be Part of Something Bigger

by Jobble

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