Generac Power Systems

Subsidiary Controller

US-WI-Waukesha
3 months ago
Job ID
2017-12546
# of Openings
1
Category
Accounting/Finance

Overview

Generac Power Systems – Work with the leader in the power industry! Our office in Waukesha, WI is seeking a Subsidiary Controller.

Key responsibilities of this position include project managing and supervising the general leger and cost accounting teams.  The Subsidiary Controller will have indirect responsibility for shared services and cost master data.  A successful candidate will have effective communications skills with the ability to explain complex financial matters to top executive management in a clear and concise manner. Additionally, this position works closely with other members of corporate accounting, financial planning and analysis, treasury, tax, various department heads, key sales team members and key operational executives throughout the organization. The ability to manage day to day accounting activity, project manage company-wide process improvements while meeting key deadlines is critical for success.   

Responsibilities

 

Essential Duties and Responsibilities:

  • Design and direct the daily work of the subsidiary general ledger and cost accounting teams, respectively.  Selects, coaches and develops staff.  Set clear expectations to inspire and motivate the team. Manage performance – recognizing achievement, providing feedback and facilitating improvement plans when necessary.
  • Manage subsidiary cost accounting policies.  Review and approve calculated labor rates, overhead rates, labor efficiencies, material costs along with applicable cost adders and manufacturing variances.  Oversee current and standard cost rolls.  Ensure fixed asset records are maintained and accurate. 
  • Oversee new product initiative forecasting process.  Ensure production cost estimates are accurate allowing executive management to properly conclude on new product profitability. 
  • Oversee subsidiary financial statements such as balance sheet, profit-and-loss, cash flow and related supplementary reporting schedules/charts.
  • Responsible for various account analysis, journal entry recording and reconciliation.
  • Responsible for ensuring an adequate plan for the control of operations within the subsidiary.  Such a plan provides control over accounts receivable, accounts payable, cost accounting, general ledger, fixed assets, etc. together with the necessary controls and procedures to execute the plan.
  • Generate reports and interprets the results of operation to the highest levels of management.  Researches special assignments and provides meaningful analysis and recommendations to upper management. 
  • Direct staff to update/maintain applicable SAP and Sarbanes Oxley process documents.  Ensure documents are updated timely, but at a minimum documents are reviewed and approved quarterly and/or annually.
  • Administer Blackline software; specifically account reconciliation and tasks for subsidiary.
  • Assures protection for the assets of the business through internal control (Sarbanes Oxley) compliance.
  • Main contact for subsidiary external audit (financial, bank, etc.).  Ensure staff is providing requested items properly and on a timely basis.
  • Demonstrate expertise in a variety of accounting concepts, practices, and procedures.  Rely on extensive experience and judgment to plan and accomplish goals.  Perform a variety of tasks.  Plan, lead and direct the work of others.  A wide degree of creativity and latitude is expected.
  • Assist in the management of all financial functions including general ledger accounting, shared services, cost accounting, fixes assets, etc. Sarbanes Oxley compliance and various outside audits. 

 

 

 

 

Qualifications

Basic Qualifications:

  • Bachelor’s or Master’s degree in Business Administration, Accounting or Finance;
  • Minimum of 10 years of combined experience in public accounting and/or industry;
  • Certified Public Accountant (CPA);
  • Multi-faceted experience in a manufacturing environment;
  • Minimum of 3 years of general ledger accounting;
  • Minimum of 5 years of cost accounting;
  • Knowledge of database and general ledger, cost accounting and shared services computer application systems to supply the most accurate financial information under tight deadlines (i.e. SAP, Hana, Hyperion, Longview etc.);
  • Prior supervisory experience;
  • Knowledge of Sarbanes Oxley, GAAP and FASB;
  • Advanced Excel abilities.

 

Preferred Qualifications:

  • Prior experience in a publicly-traded company;
  • Public Accounting experience;
  • Proven experience with an international company;
  • SAP ERP and Longview consolidation experience;
  • Experience with shared services service model;
  • Ability to work independently and with cross-functional teams;
  • Strong written and verbal communication skills;
  • Project management and organizational skills;
  • Ability to communicate complex financial matters both via writing and presentations in front of executive management.

 

 

Physical Demands:  While performing the duties of this job, the employee is regularly required to talk and hear; and use hands to manipulate objects or controls.  The employee is regularly required to stand and walk.  On occasion the incumbent may be required to stoop, bend or reach above the shoulders.  The employee must occasionally lift up to 25 pounds. Specific conditions of this job include are typical of frequent and continuous computer-based work requiring periods of sitting, close vision and ability to adjust focus. Occasional travel.

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