Controller, Transaction Services

Found in: Talent US C2 - 1 week ago

Lake Mary, United States FARO Technologies Full time

FARO is an imaging company - and an imagining company. We envision a better, more insightful, and more powerful world realized through digital 3D means and measurement technologies. Right from the start, we have helped our customers make better decisions - faster and more accurately than anyone else in the industry.

We work with the largest companies on the planet to provide the solutions that enable them to overcome their most pressing industry challenges. In aerospace and automotive, we work with firms like SpaceX, NASA, Tesla and Volvo among others. In the construction industry, we work with the largest builders to scan and design astonishing projects. For public safety professionals, our forensics scanning tools solve crimes and document scenes with high tech gear you probably see on CSR and in the movies

We believe that if it can be dreamed it can also be measured. And if it can be measured, it can also be realized.

Transaction Services Controller is a pivotal role responsible for overseeing the organization’s accounts receivable (AR) and treasury functions, ensuring efficient management of billing, credit, collections, and payments. This strategic position is critical in driving the company’s cash generation goals and maintaining robust relationships with our customers and vendors. The role involves strategic oversight of managers and outsourced service providers to maintain the integrity of financial transactions and reporting, contributing significantly to the financial health and operational excellence of the company.

How you will make a difference @ FARO:

Leadership & Management:

Lead, mentor, and manage teams responsible for AR and Treasury processes.

Oversee the performance of outsourced service providers, ensuring compliance with service level agreements.

Develop and implement policies and procedures to enhance efficiency and internal controls.

Accountable for the performance and results of the transaction service organization.

Accounts Receivable:

Manage billing operations to ensure accurate and timely invoicing.

Oversee credit management, establishing credit limits and terms for new and existing customers.

Own and drive collections efforts to manage receivables and limit bad debt exposure.

Handle Travel & Expense (T&E) reimbursement process, ensuring adherence to company policies.

Treasury Operations:

Develop and implement strategies to optimize the company's cash flow, including DPO management by monitoring and forecasting cash requirements in various jurisdictions. 

Ensure compliance with local tax statutes.

Lead and manage external, statutory, and internal audits for the transaction service organization, upholding the highest levels of financial integrity and transparency

Own and lead the periodic close processes for transaction services, including the detailed review of aged transactions, preparation of bad debt analysis and collaborating with the accounting team to ensure timely and efficient book closing.

Prepare monthly, quarterly, and annual metric reporting on transaction services for management review.

Process Improvement:

Identify opportunities for process automation and system enhancements.

Lead projects to implement new technologies and improve transaction processing.

Collaborate with cross-functional teams to streamline finance operations.

Qualifications:

Bachelor’s degree in Accounting, Finance, or related field; CPA or MBA preferred.

Minimum of 7 years of experience in managing large multinational AR and treasury or accounts payable functions

Proven leadership experience managing geographically diverse teams and working with external partners.

Strong understanding of financial reporting, general ledger structure, and compliance.

Excellent communication, negotiation, and interpersonal skills.

Proficient in ERP systems (SAP preferred) and Microsoft Office Suite.

Advanced Excel skills required.

What FARO can offer you:

FARO has excellent benefits for you and your family. We not only care for our employees but also to their immediate family members. We believe in a balanced work-life and have developed programs and benefits plans to support that ethic, such as:

A competitive paid time off bank and paid holidays

Medical, dental, life and AD&D insurance plans

Pre-tax flex spending accounts for medical and dependent care

401K with employer match

Tuition reimbursement and training opportunities

Wellness fairs

Frequent lunch and learns to help educate employees about issues affecting their lives

Other employee events

Inclusive

At FARO, we are committed to encouraging different perspectives and ideas that foster innovation. We believe that we are strongest with a diverse team of employees. We want every FARO employee to feel our commitment to showing respect for all and encouraging open collaboration and communication.

FARO is an equal-opportunity employer and provides equal opportunities to all employees and applicants for employment. FARO is a government contractor and will take affirmative action as called for by applicable laws and Executive Orders.

Join us. Become part of a dynamic organization that values quality, leadership, teamwork, honesty and openness as a way of life in conducting our business.

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