The Assistant Controller will support the Controller with all finance and accounting related activities of the Elkton(TMC) Plant facility, Responsibilities will include the month-end financial close and preparation of the resulting performance/variance analysis. S/he will represent Elkton(TMC) and present the plant performance in Operations and TAH/TMC/TIS review meetings.
The Assistant Controller will supervise and work with the Sr.Cost Accountant to assure the accurate maintenance of standard costs and management of the costing activities of the site, participating in cost control programs and the reduction/elimination of manufacturing variances. S/he will partner with Plant/Operations leadership on Margin Expansion initiatives, supporting the development of cost models and the needs of the Financial Management team.
The Assistant Controller will also play a significant role in the Annual Operating Plan(AOP) for the site, calculating the updated standard costs and leading the annual cost-roll process.
1.Overall Financial Responsibility:
o Support the monthly financial close including reporting on monthly/quarterly results.
o Assist with the preparation of monthly reports for Operations and TAH/TMC Business Review.
o Review monthly operating expenses by department/cost center and report major variances to departmental management and the Elkton Controller.
o Monitor site headcount, compensation and hiring activities to assure compliance with management strategies.
2.Capital Expenditures & Working Capital:
o Assist Project Managers in the preparation of capital expenditure proposals, verifying all relevant assumptions and preparing financial evaluations as needed (IRR, ROI, NPV, Payback, etc)
o Monitor Elkton manufactured inventory levels in order to ensure optimal investment and initiate action to reduce excess o Support financial modeling and work with Finance & Operations management to identify opportunities for Margin Expansion
3.Manage standard costs and costing activities of Elkton(TMC)
o Review material costs obtained from TC(Japan) and 3rd party suppliers with Global Sourcing to assure accuracy and accurate reporting of PPV.
o Review routings and calculate Direct Labor and Overhead (Direct/Indirect) rates within each Work Center
o Assure accurate reflection of material, labor and overhead (direct/indirect) in BOM and product standard costs.
o Troubleshoot any BOMs/Routings that appear inaccurate
4.Assist the Controller by reviewing all Expenditure Proposals (Ringi/Kessai) to validate accuracy and completeness of the form including proper GL coding, sufficient Justification, inclusion of attachments, correct and complete list of Recommenders/Approvers.
5.Report on Elkton (TMC) KPI and Variances o Clearly identify where and why variances/exceptions are occurring
6.Support the preparation of DCF models and provide assistance to Manufacturing and PD&LCM initiatives/capital projects
7.Financial Reporting Systems
o Be a leading contributor to the continued implementation and use of our Hyperion/OBIEE reporting systems o Creation of ad-hoc queries as required 8. Support Finance and Operations management as required on ad hoc financial/management accounting and associated requirements
9.Play a significant role in the Annual Operating Plan(AOP) budgeting process
o Work with Controller to coordinate Elkton AOP with TMC/TAH/TIS activities, assuring deadlines are met and site requirements are fully reflected.
o Work with Sr. Cost Accountant and Plant Management to update budget and forecast for:
Capital Projects and Depreciation
Plant Period Costs
Direct Labor and Overhead
Simulate Std Costs
o Review AOP with Plant and Operations Management
10. Coordinate and lead the plant annual cost roll process
o Work with TAH Finance and IT on timing and expectations
o Assure rolled standard costs are in line with expectations
11. Comply with TMC Quality System Requirements
12. Perform other job related duties as assigned
Knowledge, Skills and Abilities (KSAs)
Strong working knowledge of manufacturing cost accounting
Must possess strong analytical skills and financial acumen (variance analysis, budgeting, forecasting, etc.).
Must have strong inter-personal and communication skills with demonstrated ability to interact effectively at a variety of levels shop floor production team; Plant and Operations management; BU and Corporate functions and management.
Must be a "working manager' with ability to take a "hands on" approach and perform effectively in a team environment.
Ability to work independently with limited supervision
Must be proficient with Microsoft Office applications and possess advanced Excel skills.
Must be able to effectively manage multiple priorities simultaneously and adapt to continuously changing demands and priorities.
Knowledge of ERP systems (JDE, SAP, Hyperion)
Bachelor's in Finance/Accounting, MBA or CPA preferred
Must have a minimum of 7 - 10 years cost accounting experience
Must have a minimum of 3 years of managerial experience managing a team of finance, accounting and/or administrative staff.
MS Office proficiency, advanced Excel user
Prior ERP systems experience (i.e. SAP, JD Edwards, Hyperion, etc.).
Terumo is an equal opportunity employer.