What are the responsibilities and job description for the Assistant Controller position at Precision Castparts Corp.?
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With more than 120 operations and approximately 20,000 employees worldwide, Precision Castparts Corp. is the market leader in manufacturing large, complex structural investment castings, airfoil castings, forged components, aerostructures and highly engineered, critical fasteners for aerospace applications. In addition, we are the leading producer of airfoil castings for the industrial gas turbine market. We also manufacture extruded seamless pipe, fittings, and forgings for power generation and oil & gas applications; commercial and military airframe aerostructures; and metal alloys and other materials for the casting and forging industries. With such critical applications, we insist on quality and dependability – not just in the materials and products we make, but in the people we recruit.
PCC is relentless in its dedication to being a high-quality, low-cost and on-time producer; delivering the highest value to its customers while continually pursuing strategic, profitable growth.
In 2016, Berkshire Hathaway, led by Chairman and CEO Warren E. Buffett, acquired Precision Castparts Corp.
Assistant Controller
Position Summary
The Assistant Controller is responsible for the company’s financial plans and practices, internal control systems and protection of assets. This individual will provide strategies to drive short-term and long-term actions to achieve financial goals and growth with oversight from the Controller. Responsible for monthly, quarterly and annual budgets, forecasts and financial reconciliations. Position reports to the Controller. However, this is a strategic position. A role with a planned succession in the Controller position within a 2-3 year period.
Essential Functions:
- Direct the preparation of the budget and financial forecasts, institute and maintain other planning and control procedures including cost accounting system.
- Monitor and analyze financial data, budgets and forecasts and produce financial report and statements.
- Establish a work environment that encourages individual career growth in order to provide adequate and qualified professional opportunity for advancement.
- Review, analyze, evaluate and interpret financial forecasts and operating results. Provide information of results and recommend corrective actions to address unfavorable variances.
- Evaluate and approve plant capital requests prior to Division approval.
- Establish, monitor and maintain an environment of compliance and safeguards and provide for integrity of financial transactions and activities. Ensure compliance with corporate policy including SOX.
- Prepare and evaluate financial reports; Flex P & L, material, scrap, variable, fixed, etc.
- Prepare business activity reports, financial forecasts and annual budgets.
- Work with internal and outside auditors concerning financial reporting.
- Insure that proper internal control procedures/policies are followed.
- Assist in the preparation for monthly and quarterly Operations Reviews and other requirements as directed.
- Supervision of Personnel within the Accounting Department. They could be in General, Cost, Payroll, or Accounts Payable.
- Review procedures being used to ensure generally accepted account principles are being used in reporting data, account analyses and reporting.
- Responsible for activities such as physical inventory or establishing of standards for the up-coming physical year.
- Ensure monthly closing activities are met to ensure timely reporting of activities.
- Perform other related duties as assigned.
Required Skills:
- Analyses of business and financial data.
- Expertise in technical accounting, budgeting, planning and internal controls.
- Strong Leadership skills with proven ability to lead a group.
- Proficient in financial reporting systems and related software.
- Excellent analytical and organizational skills with close attention to detail.
- Excellent verbal and written communication skills.
- Ability to manage confidential information.
Desired Skills:
- Understanding of Generally Accepted Auditing Standards.
- Ability to work in a fast-paced environment.
- Ability to present information and data in an understandable and logical manner.
- Ability to document, plan, and execute programs.
Experience & Education:
- Bachelor’s degree in Accounting or Finance required. MBA or CPA preferred.
- 8 years progressive experience in a finance manufacturing leadership role.
- Working knowledge of electronic data processing systems and financial reporting systems.
- Strong knowledge of spreadsheet software packages.
Physical Demands:
Physical Demands
Not at All
Infrequently
Occasionally
Frequently
Continually
<1%
1-33%
34-66%
67-100%
1-2x hr.
3-6x hr.
7-30 hr.
>30x hr.
Squatting
X
Bending
X
Kneeling
X
Reaching
X
Twisting
X
Sitting in a chair
X
Stair Climbing
X
Ladder Climbing
X
Other climbing (type)
X
Walking of rough surfaces
X
Near moving machinery
X
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Must be eligible to work in the US without sponsorship
Visit us at www.precast.com
Salary : $83,000 - $105,000