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Financial Operations Manager for Technology Center
2 months ago
Location: Hybrid work model available.
Overview:
The Technology Center Controller plays a pivotal role in overseeing the financial operations of a technology center, which may encompass areas such as research, manufacturing, engineering, or digital initiatives.
Key Responsibilities:
Financial Management and Reporting:
- Supervise the month-end closing process and ensure robust controls through collaboration with local finance teams.
- Guarantee adherence to revenue recognition standards.
- Prepare and present month-end financial reports and insights to stakeholders.
- Conduct new product development reporting and forecasting.
- Manage the Profit and Loss (P&L) statements and Balance Sheets (BS) for the center.
- Oversee daily operations of the finance team.
- Facilitate and present quarterly rolling forecasts and annual budgets, covering revenue, inventory, workforce, and capital expenditures.
- Prepare monthly financial metrics and reports.
- Compile annual financial plans for corporate reporting.
- Ensure system integrity in financial transactions through SAP oversight.
- Maintain compliance with corporate and local financial procedures.
- Review and validate balance sheet submissions from various hubs.
- Conduct quarterly control checklist reviews.
- Update and manage financial reports and dashboards as necessary.
- Monitor and optimize inventory levels.
- Conduct annual reviews and updates of inventory standard costs.
- Approve inventory counts and manage compliance with write-off policies.
- Prepare and review certified costing for significant government contracts.
- Support audit processes and compliance requirements.
- Oversee annual property tax submissions.
- Drive continuous improvement initiatives within the finance team.
- Participate in management meetings and provide financial insights.
- Review and approve capital expenditure projects.
- Analyze accounts receivable and optimize cash flow.
- Conduct quarterly reviews of deferred revenue.
- Travel periodically to provide support at other locations.
- Conduct lease analyses and reviews.
- Verify and approve sales commission calculations.
- Prepare and review quarterly royalty reports.
- Bachelor's degree in business administration, accounting, or finance; a master's degree is preferred.
- A minimum of 10 years of experience in financial management and cost accounting within manufacturing sectors.
- Proficient in SAP.
- Excellent verbal and written communication skills.
- Willingness to travel domestically as required.
- Must be authorized to work in the United States without sponsorship.