Regional Controller (Finance)
What Timken makes possible begins with you.
Those who came before us helped land a man on the moon, create the world's infrastructure, and introduce renewable energy alternatives. Now you can join the Timken team to write your own unique story and help drive what's next.
A career at Timken means you can have an immediate impact doing Work That Matters to the world- improving the efficiency of today's industrial equipment and preparing for the future of motion on our planet and beyond. New employees can start contributing right away, and there are many opportunities to advance your career at your own pace. Join our global team of 19,000 people in 45 countries, and start helping our customers push the limits of what's possible in their world of motion.
Timken Power Systems is seeking a Regional Controller for the East Haven, CT, and New Castle, DE locations. This position is responsible for accuracy and integrity of all financial information concerning the plant(s) and reporting through corporateaccomplished through active management of policy, procedures, internal controls, and enforcing the guidelines for true and accurate financials. Performance by the facilities is measured through financial performance and ability of the Regional Controller to make key decisions along with the General Manager to achieve budgeted goals.
Essential Responsibilities:
- Prepare monthly financial statements for plants in accordance with GAAP and company policies
- Ensure that costs are accurately and timely recorded to production jobs and that such jobs are closed on a timely basis.
- Ensure that all costs are captured in production jobs at the time that jobs are shipped and billed to the customer to ensure that profit margins are properly stated
- Perform annual physical inventory counts, and manage inventory accuracy
- Proactively interact with Plant and Front-End Leadership to ensure that all parties have a clear and accurate picture of the plant's overall performance
- Lead and actively participate in LEAN, Kaizen, and other cost reduction events
- Prepare monthly rolling forecasts and provide Plant leadership with insight and commentary for all major variances from both plan and prior year. Consolidate multiple locations for General Manager reporting
- Lead preparation of plant annual operating plans/budgets, incorporating productivity targets for both manufacturing and sourcing; purchasing, benefits, wages and salaries, utilities, etc.
- Collaborate with Operations to foster changes for process improvement
- Assist plants in project planning and management for CAPEX, including submission, approval and capitalization
- Lead SOX compliance including documenting all significant processes including auditing, reconciliations and coding guidelines, as well as protect all company assets
Key Attributes:
- Full Scale Accounting knowledge in a manufacturing environment
- Experience leading a small team
- Ability to work on site at the CT or DE plant on a regular basis with ability to travel to the other the plant that is not primary office
- Experience in a dual reporting environment as role reports to General Manager with dotted line reporting to Group Controller
- Be a self-starter with the ability to work independently with little supervision
- Demonstrated problem solving skills
- Proficient understanding of manufacturing strategy and practices
- Excellent oral and written communication skills with ability to communicate with all levels of the organization
- Adaptability and willingness to wear multiple hats
Basic Qualifications:
- Excellent Microsoft Excel skills
- Experience with ERP system required, Epicor preferred
- Experience using a consolidation/reporting system, preferably One Stream
- Bachelor's degree in Finance or Accounting, CPA preferred
- Experience in a manufacturing environment with job cost experience preferred
- Minimum of 5 years'experience in management reporting and data analysis. Leadership experience preferred.
- Minimum of 7years' experience in general accounting (AP, Journal Entries, Reconciliations)
All qualified applicants shall be treated equally according to their individual qualifications, abilities, experiences and other employment standards. There will be no discrimination due to gender or gender identity, race, religion, color, national origin, ancestry, age, disability, sexual orientation, veteran/military status or any other basis protected by applicable law.
The Timken Company, a global technology leader in engineered bearings and industrial motion, designs a growing portfolio of next-generation products for diverse industries. For 125 years, Timken has used its specialized expertise to innovate and create customer-centric solutions that increase reliability and efficiency. The company posted $4.8 billion in sales in 2023 and employs more than 19,000 people globally, operating from 45 countries. Timken is one of the World's Most Innovative Companies, according to Fast Company, and has been recognized among America's Most Responsible Companies and America's Greatest Workplaces for Diversity by Newsweek, the World's Most Ethical Companies® by Ethisphere and America's Most Innovative Companies by Fortune.
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Nearest Major Market: New Haven
Nearest Secondary Market: Hartford
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