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Financial Controller

2 months ago

Providence, Rhode Island, United States Complete Staffing Solutions Full time
Job Description

ROLE: FINANCIAL CONTROLLER

WHY OPEN: REPLACEMENT

ANNUAL SALARY: $125,000 - $150,000

WORK ENVIRONMENT: IN OFFICE

KEY REQUIREMENTS:

  • Degree in Finance or Accounting
  • Experience in Manufacturing Sector
  • Full Cycle Accounting Expertise
  • Leadership Skills

POSITION OVERVIEW:

The Financial Controller will be responsible for overseeing the financial operations of the organization. Key responsibilities include:

Accounts Payable Management:

Ensure timely entry and review of payables, maintaining strong vendor relationships and taking advantage of available discounts.

Cash Flow and Investment Oversight:

Daily discussions with executive leadership regarding cash positions and significant cash availability.

Office Management:

Monitor office needs as part of the capital planning process, ensuring project costs align with budgetary expectations.

Debt and Financing Reporting:

Provide monthly updates on borrowing facilities and outstanding debts.

Fixed Asset Management:

Maintain a comprehensive fixed asset register, ensuring proper depreciation accounting and reporting of obsolete assets.

Insurance Management:

Keep an updated list of insurance coverages, conducting bi-annual reviews to ensure adequate asset protection.

Supply and Cost Oversight:

Review and authorize all purchases to ensure necessity and budget compliance.

Budget Development:

Establish annual budgets for each department based on forecasts, analyzing variances monthly.

Personnel Management:

Conduct regular performance reviews for new and existing employees, addressing any performance issues promptly.

Receivables Oversight:

Ensure daily posting of cash and bank deposits, maintaining regular communication with the Credit Manager regarding aged receivables.

Financial Reporting:

Deliver monthly financial statements to executive leadership within 10 business days post month-end, ensuring accuracy and completeness.

Tax Compliance:

Ensure timely filing of payroll tax reports and corporate tax returns.

Cost Management:

Focus on improving margins and reducing costs while ensuring labor and overhead rates are updated quarterly.

Office Procedures:

Develop and enforce written policies for purchasing, payables, client fulfillment, receivables, and supplies.