Controller

3 weeks ago

Wadsworth, United States Fives Full time
Fives Group is seeking a Controller.

Fives Group is an international player in Process Engineering, Consultation and Process System Supply to the Steel Industry, has an immediate opening for a Financial Controller at our offices in Wadsworth, Ohio.

Position Summary:
The Financial Controller will play a critical role in our company's financial management, strategic planning, and financial operations. The Financial Controller will be responsible for overseeing all fiscal and fiduciary responsibilities of the business unit, in conjunction with the executive management team. Under the hierarchical supervision of the President & CEO of the SBU and the functional supervision of all financial aspects for Fives accounting. Working in close collaboration with the Fives Group finance, legal and IT departments.

Competency Requirements:
  • Integrity & Trust - Is widely trusted. Is seen as a direct, truthful individual. Can present the unvarnished truth in an appropriate and helpful manner. Keeps confidences. Admits mistakes. Doesn't misrepresent him/herself for personal gain.
  • Customer Focus - Is dedicated to meeting the expectations and requirements of internal and external customers. Gets first-hand customer information and uses it for improvements in products and services. Acts with customers in mind. Establishes and maintains effective relationships with customers and gains their trust and respect.
  • Decision Quality - Makes decisions in a timely manner, sometimes with incomplete information and under tight deadlines and pressure. Able to make a quick decision.
  • Team Player - Can quickly find common ground and solve problems for the good of all. Can represent his/her own interests and yet be fair to other groups. Can solve problems with peers with a minimum of noise. Is seen as a team player and is cooperative. Easily gains trust and support of peers. Encourages collaboration. Can be candid with peers.
  • Global Business Knowledge - Understands business on a global scale. Understands what works in many countries. Understands what's different from country to country. Understands global differences in customers. Knows how capital flows and operates internationally. Understands that different laws and regulations govern global business. Is learning agile. Understands that different approaches work in different places.

Specific Responsibilities Include but are not limited to the following:
  • General Accounting and Financial Reporting
  • Performing and supervising the monthly balancing of the books and account reviews; preparing monthly financial statements;
  • Communication as necessary to answer questions and inform senior management concerning financial performance and business issues;
  • Fives financial reporting - ensuring the timely completion and accuracy of Fives BFC monthly/quarterly financial reporting requirements for actual, budget and forecast;
  • Supervision of contract accounting, payroll, accounts payable and accounts receivable;
  • Sets up procedures relating, among others, to contract accounting & revenue recognition, accounts receivable, accounts payable, expense reports and timekeeping, and makes sure that they are correctly followed;
  • Sets up procedures related to intercompany transactions, accounts receivable, accounts payable, expense reports and timekeeping, and makes sure that they are correctly followed and all balances are reconciled
  • Contract accounting and reporting
  • Sets up the internal audit tools to follow contracts (project budgets and estimation of costs to complete) and overhead costs;
  • Controls invoicing, considering contractual conditions, and taking care of correct taxation and tax retentions done by customer;
  • Controls receipt of payments from customers, including direct contact with customers for follow-up;
  • Controls payments to suppliers, considering contractual conditions and taking care of correct tax retentions;
  • Identifies potential exchange risks;
  • Follows all projects under warranty and their corresponding reserves
  • Works in close collaboration with the project management team to understand the state of each project and to guide the company in risk management
  • Participate to monthly Project Review meetings
  • Budgeting and Forecasting
  • In coordination with the CEO and senior management team, is responsible to prepare quarterly orders, P&L and cash budgets and forecasts.

Cash management
  • Ensures daily cash management and fills in the monthly cash reports within the requested deadlines
  • Controls and issues bank guarantees.

Taxes
  • Works with the Fives US Tax Manager providing all the necessary documents to ensure that taxes are filed;
  • Ensures timely payment and filing of payroll, sales and other entity administered taxes (CAT) and returns.

Qualifications:
• Bachelor's degree in Accounting or Finance. CPA or MBA preferred.
• 10+ years of experience in a financial managerial position with a proven record of success.
• Extensive experience with ERP systems, specifically SAP Saphir.
• Strong leadership skills, with steadfast resolve and personal integrity.
• Exceptional communication and interpersonal abilities.
• A solid understanding of financial statistics and accounting principles.
• Working knowledge of all statutory legislation and regulations.
• Proficient user of finance software.
• Strong analytical and problem-solving skills.
• Experience in a global or multinational company, preferably in the steel or manufacturing industry.

Supervisor Responsibilities:
  • Finance and accounting team

Work Environment:
  • Office environment. Prolonged periods sitting at a desk and working on a computer.

Travel:
  • Up to 20% travel, mostly domestic within the US, but could occasionally require international travel
Benefits:
Hired employees will receive great benefits along with an extremely competitive compensation package. Benefits include Health, Dental, Vision, Life, Disability, Holidays, Personal Time Off and 401K & IRA and more.

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