Manage, perform and coordinate the Division's accounting activities to meet the Corporate objectives for accurately, timely and comprehensively gauging its operating performance, recording and reporting its financial progress, and insuring the continuing control and protection of its assets.
Develop and prepare operating budgets within the framework of the profit plan.
- Track deviations and communicate analysis of budget deviation to applicable activity manager.
- Monitor progress of budgeted and unbudgeted cost reduction activities.
Monitor actual expenses, on a daily, weekly and/or monthly basis, against the budget and against monthly 5th day forecasts. Manage the analysis of all aspects of variances to recommend required corrections to production and general overhead departments.
Participate in the preparation of plant rates to insure the accuracy for cost estimating, inventory evaluation and fair measurement of production performance. Establish frozen standard costs on an individual part number basis and for annual standard cost change.
Assist all levels of management in understanding the budgets and the utilization of budget reporting techniques. Establish and maintain records to control expenses and to determine that all sums are properly accounted for.
Record and value all plant inventories and insure adequacy of all reserves in compliance with Division and Corporate policies. Coordinate physical inventory schedules. Prepare monthly reconciliation of inventory status reports to the general ledger. Monitor all inventory controls for compliance such as cycle counting procedures.
Verify and maintain all asset and equipment records. Prepare and/or review capital appropriation requests for new equipment, tooling or other capital purchases. Monitor spending against appropriations to trigger supplemental requests. Assist in the periodic count of physical assets. Coordinate the tagging of assets and updating of Division general ledgers.
Perform monthly and year-end closings. Prepare month-end journal entries. Investigate unusual numbers generated during closings.
Audit expense reports for compliance with Company policies and government regulations.
Supervise related accounting activities such as controlling petty cash, issuing travel advances and adherence to e-procurement initiatives.
Manages two (2) subordinates: Plant Controller-Reynosa and Accounts Receivable, Cash and Collections Manager-Kent. Responsible for the overall direction, coordination, and evaluation of this unit. Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.
Ability to read, analyze, and interpret common scientific and technical journals, financial reports, and legal documents. Ability to respond to common inquiries or complaints from customers, regulatory agencies, or members of the business community. Ability to effectively present information to top management.
Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.