Job Description
Factory Controller Location Anoka, MN : Graco manufactures and markets premium equipment to move, measure, control, dispense and spray a wide variety of fluid and powder materials. What does that mean? Well, we pump peanut butter into your jar, and the oil in your car. We glue the soles of your shoes, the glass in your windows and the screen on your phone. We spray the finish on your vehicle, coatings on your pills, the paint on your house and texture on your walls. Graco is part of your daily life. Where You'll Work - Lubrication Equipment Division (LED) Our heritage brand - with a legacy dating back to the company's initial founding in 1926 - Graco's Lubrication Equipment Division (LED) is a global leader in fluid handling technology, providing products worldwide to a diverse range of markets including vehicle service, industrial, fleets and transportation, construction and mining, as well as renewable and non-renewable energy markets. The future of LED is bright, with significant investments being made across the business; the division is expanding to accommodate increased demand and growth driven by an investment in new products and innovative ideas. With global industry ramping up into high gear, LED is positioned to grease the wheels, bearings, and machinery that will revolutionize the future. Ready to join us? The controller provides financial leadership for the business unit and is a member of the management team. The controller prepares financial analysis and works with management to develop strategy and operating initiatives. The business unit controller reviews impacts of pricing, marketing programs and customer contracts and agreements, capital investments and provide recommendations to improve the business. This role is responsible for compliance with company management and accounting policies and coordinates the annual plan and periodic re-projections, including coordination with regional finance functions as necessary. The controller develops processes to provide analysis and reports on sales, margins and expenses. The controller assists with implementation of corporate-wide financial and operating measurements and defines and implements operating measurements and reporting to track progress on operating targets and goals. This role assists in preparation and presentation of reports and materials for operations reviews and takes initiative to identify, develop recommendations and assist in implementation of process improvements. The business unit controller supervises the accounting staff across all business unit locations and is responsible for completion of annual factory plan and periodic re-projections. The controller works with factory management to ensure that manufacturing transactions and controls are in place and operating effectively as well as develops factory operating measurements and reporting to manage factory performance and analyze cost of goods sold. The controller also supervises the local accounting functions associated with the business unit, ensuring compliance with management and accounting policies, development and maintenance of internal controls and appropriate coordination with corporate finance functions. The controller coordinates with corporate finance functions (corporate reporting, cost accounting, tax, treasury) to ensure that timely and accurate reports and analysis are provided, appropriate journal entries are prepared and recorded, and assists with internal and external audits. The business unit controller assists in development and maintenance of controls over assets, coordinating with corporate finance functions as needed. This role is responsible for documentation of internal controls and management testing of controls within the business unit. Additionally, the business unit controller may assist in financial and operating due diligence for acquisition targets, as well as assist in acquisition integration. The role assists in implementation of enterprise information systems as well as completing special projects as assigned. Responsibilities
- Assist in definition of strategies through analysis and discussion and preparation of financial recommendations
- Review and analysis of proposed pricing and marketing programs; review of effectiveness of the programs and recommendations for improvements
- Review of customer contracts and agreements; assistance and coordination with corporate accounting for appropriate accounting treatment; recommendations to improve these agreements
- Coordination with corporate functions and development of internal controls to implement and maintain appropriate internal controls and compliance with corporate management and accounting policies. Provide input into new or updated policies.
- Documentation of key internal controls and management testing of controls
- Implementation of processes, analysis and reporting to provide both business unit and corporate-wide financial and operating measurements
- Coordination of annual plan and periodic re-projections
- Review factory operating plans and assist in development of departmental rates and standard costs
- Assist in development and maintenance of appropriate controls over assets
- Supervision of business unit accounting functions for all locations associated with the business unit, ensuring compliance with management and accounting policies, internal controls, general ledger maintenance, coordination with corporate finance functions, timely and accurate submission of reporting packages, development of local operating measurements, etc.
- Coordination with regional finance functions for implementation of key operating measurements
- Coordinate with corporate finance functions (corporate reporting, cost accounting, tax, treasury, accounting services) to ensure that timely and accurate reports and information are provided
- Review capital investment projects and requests; monitor progress in implementation and recommend changes if appropriate
- Manage detailed development of sales incentive plans and quotas; prepare periodic detailed reporting on individual progress on quotas and detailed calculation of sales incentives
- Manage detailed development and calculation of customer rebates, commissions and similar
- Analysis and reporting on business unit sales, cost of goods sold, margins and expenses
- Preparation and recording of monthly journal entries, in coordination with corporate accounting
- Assist with acquisition due diligence and integration as well as implementation of enterprise information systems
- Completion of special projects and other duties as assigned
Requirements Education/Certifications - Bachelor's degree in accounting or equivalent experience in accounting environment
Experience - 3 years public accounting experience or internal audit
- 5 years experience in accounting in variety of functions
Skills/Abilities/Competencies - Leadership and interpersonal skills
- Excellent problem solving ability, organized, analytical; able to work with detailed information and provide high level analysis
- Ability to work independently, working proactively and taking initiative to achieve desired results
- Excellent oral and written communication skills
- Strong skills using analytical and report writing software (such as Excel, Cognos tools)
Power to Be At Graco, the Power to Be means providing the support, resources and freedom to pave your own way. Bring your unique attributes to the table, along with a commitment to being your best self, and you can be a part of a culture that rewards effort, celebrates uniqueness, and gives you the tools you need to succeed and become your best, fullest self along the way. Our culture empowers employees to chart their own career path. Our managers provide support and opportunities while offering freedom for employees to find their own Power to Be. Whether you decide to move up within the same department or expand to another cross-functional group, you will gain the well-rounded experience to succeed on your own terms. Graco has excellent opportunities available to individuals who want to be part of a fast-moving, growing company that is committed to quality, innovation and solving fluid handling problems for our customers. Graco is proud to be named a Best Place to Work by Fortune Magazine in 2016, 2018, 2019, 2021 & 2022. Graco offers attractive compensation, benefits and career development opportunities. Graco's comprehensive benefits include medical, dental, stock purchase plan, 401(k), tuition reimbursement and more. Our company uses E-Verify to confirm the employment and eligibility of all newly hired employees. To learn more about E-Verify, including your rights and responsibilities, please visit . Proven Quality. Leading Technology. Launch your career with Graco!
Job Tags
Full time, Local area, Worldwide,