Controller - North American Business Unit
1 month ago
About the Company:
TTS Tooltechnic Systems is a third-generation family-owned company with European headquarters in Wendlingen, Germany, and North American headquarters in the Indianapolis, IN area. The TTS family of companies includes several premium brands such as Festool, SawStop, Tanos, and Shaper. With a global presence in 39 countries, TTS employs approximately 3,000 people and generates nearly $1 billion in sales.
Festool, the largest company in the TTS portfolio, is known for its systems-based approach to power tools designed for efficiency and high performance. Founded in Germany in 1925, Festool's mission-"Built Better To Build Better"-empowers professional tradespeople to deliver outstanding work by building cleaner, faster, and smarter. Learn more at Festool United States - Professional Power Tools for Superior Craftsmen.
Position Overview and Vision:
The Financial Controller will be a key member of the finance team, responsible for shaping and driving the company's financial strategy and operations for North America, including the US and Canada. Reporting directly to the CFO of North America, this role provides strategic leadership, vision, and guidance, ensuring the development and implementation of a comprehensive and compliant financial program that aligns with the organization's goals and values. The Financial Controller will oversee financial reporting, compliance, and operational efficiency, playing a pivotal role in enhancing the reporting environment, developing audit-ready policies and procedures, and supporting business growth. This role will also be responsible for reporting financial results and liaising with HQ in Germany to ensure alignment with global standards and requirements.
Financial Reporting:
- Develop and manage a robust, accurate, and timely monthly close process, including applicable internal controls.
- Ensure US GAAP compliance and liaise with German HQ on reporting requirements, including German GAAP requirements applicable to year-end financials.
- Ensure the accuracy of financial statements (Income, Balance Sheet, Equity, and Cash Flow) including internal reporting requirements on a monthly basis.
- Ensure accuracy of monthly intercompany eliminations.
- Develop and enforce internal controls to maximize protection of company assets, policies, procedures, and workflows.
- Maintain internal safeguards for revenue receipts, costs, and organizational expenditures.
- Implement consistent accounting policies, practices, and procedures across all programs, adhering to local legal standards.
- Guide financial decisions by establishing, monitoring, and enforcing policies and procedures.
- Drive process efficiency and automation to streamline financial operations and improve accuracy.
- Identify and implement efficiencies and technologies that expedite, simplify, and improve the value of the accounting, reporting, and payables-related processes.
- Leverage the financial system to automate reporting.
- Lead a team of 5 members and support the accounting team with dynamic leadership that creates an environment of trust and productivity.
- Develop the team through effective goal setting and performance management, ongoing feedback, and fostering strategic thinking for talent development and succession planning.
- Leverage the strengths of finance team members to continuously improve capabilities.
- Coordinate the annual audit process with external auditors.
- Monitor and confirm financial condition by conducting process audits and providing information to external auditors.
- Provide status of financial condition by collecting, interpreting, and reporting financial data.
- Prepare special reports as needed by collecting, analyzing, and summarizing information and trends.
- Provide strategic leadership for financial operations, including financial reporting and compliance.
- Collaborate with senior executives to create a financially sound and sustainable organization.
- Oversee management of accounts receivable, accounts payable, and expenses to ensure financial accuracy and efficiency.
- Stay informed about industry trends, best practices, and legal requirements.
- Provide input supporting the annual business planning process and quarterly forecasting process.
- Other duties as assigned.
- Bachelor's degree in finance, accounting, or related field.
- CPA certification preferred.
- 8+ years of experience in financial management or accounting, including 5 years in a team leadership role.
- Preferred experience with Big 4 or regional accounting firms.
- Strong strategic thinking and business acumen.
- In-depth knowledge of US GAAP, financial best practices, regulations, and compliance.
- Demonstrated success in developing and implementing comprehensive financial programs.
- Exceptional leadership and team management skills.
- Excellent communication and relationship-building abilities.
- Communication: Effectively communicate to internal and external business partners by sharing expertise to encourage the accomplishment of shared business goals.
- Teamwork and Collaboration: Actively support and collaborate with peers and team members to contribute to overall company success.
- Knowledge: Display knowledge of the department, applicable products, services, and business objectives. Demonstrate a continuous learning mindset through continued professional and personal development.
- Accountability: Follow through with tasks and responsibilities in an appropriate and timely manner.
- Work Quality: Produce results, meet goals, and provide services that meet or exceed TTS's standards.
- Adaptability: Readily and effectively adapt ways of working, thinking, and acting in response to changing workplace conditions, targets, or goals.
- Strategic Thinking: Demonstrate the ability to understand a situation or obstacle from all perspectives.
- TTS Ambassador: Reflect TTS's mission, vision, and values.
- Competitive salary based on skills and experience + annual bonus.
- Comprehensive insurance and benefits package, including health, vision, dental, and 401K.
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