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Plant Controller Job


Location: 

Dublin, OH, United States

Employment Type:  Regular
Category:  Finance and Accounting
Posting Date:  Jan 13, 2023

Plant Controller

 

Member of the Plant Leadership Team.  Position can be located at either Piedmont, South Carolina or Dublin Ohio, or Ashland, Ohio.  

 

 

Objective

As the Finance Business Partner on the Plant Leadership Team, this role works collaboratively with the members of the Plant leadership team and actively influences plant level decision making, to enable continued success. 

  • Understands and communicates variances for all plant level spending.
  • Ensures that the financial statements issued by the plant accurately reflect financial results.
  • Primary focus: This role is responsible for communicating the financial results and leading plant budgets, forecasts and outlooks as well as monitoring fixed asset spending and inventory valuation accuracy.
  • This role ensures adherence to internal control & compliance to financial policies & procedures.

 

Position Scope

Reporting to the Manufacturing Controller and a dotted line to Plant Managers

 

Activity

Provide financial statements, control and alert on discrepancies, make recommendations and play an active role in the following areas:

 

  • Plant conversion costs – Understands site conversion costs including monitoring and controlling conversion cost spending to ensure a full and complete understanding of the cost to operate the site.  This includes cost allocations, expenditure commitments and ensuring timely receipt of goods/services, supporting on a day-to-day basis the local managers. Ensures that plant level costs are recorded in accordance with Bostik policy. Reviews and monitors direct labor spending and communicates issues identified timely.

 

  • Material and Production costs – Reviews and understands Weighted Average Costs and Standard Costs for their site. Completes cost estimate calculations, reviews recipes to ensure proper Material Usage Variance (MUV) analysis throughout the year. Analyzes and communicates actual product cost variances including but not limited to Purchase Price Variance, Scrap and MUV. Informs manufacturing manager and BU Controller of any alteration on production process performance, tracks and communicates under/over absorption at production work centers and UG level.

 

  • Inventory valuation – Ensures accurate inventory valuation by reviewing and approving finished goods product Standard Cost. Identifies and communicates raw material costing issues for their site(s), monitors cycle counts/physical inventories to ensure adherence to policy. Monitors spare parts and inventory, manage (analyze, adjust, validate) inventory provisions (slow moving and quality based on identified issues).

 

  • Financial statements – control and detect any variances in regards to budget, Group Reporting Manual, IFRS, US GAAP, request any corrective manual entries as needed.

 

Industrial investment – Monitors and controls fixed asset project expenses in close coordination with plant leadership. Communicates timely the completion of the project to allow for appropriate capitalization. Works with plant leadership to maintain accuracy of fixed asset registry. Performs fixed asset inventories in accordance with Bostik Policy. Ensures assets are appropriately identified and disposed of with the addition of any new/replacement capital.

 

Month End Close – Manage month-end close process within SAP. Provides timely communication of results to the BU leaders in accordance with reporting schedule.

 

Budget and Year-end Forecast – Responsible for coordinating the plant budget process.  Prepares cost data for the next year (calculate activity rates & validate recipes). Compiles the annual conversion cost budget (cost center hierarchy, headcount, payroll, maintenance costs, etc.), review and adjust allocation keys for shared expenses, analyze yearly conversion cost evolution versus year-end-forecast, provide the BU a detailed presentation.

 

Financial statement – Communicate site financial results, providing a monthly financial report to Manufacturing Controller, Finance Managers - BU and Corporate. 

 

Other – Supports year end audit requirements regarding plant financials to external/internal auditors.

 

  • Mentoring – lead training and development of local manufacturing staff on accounting principles, internal controls, financial statement analysis, cost analysis and inventory control.

 

Context and Environment 

  • Constraints: ensure the proper application of Group Reporting Manual rules, Core Model processes, ARKEMA Internal Control policy, closing deadlines respect.
  • Travel: 10 – 20% of the time.

 

Requested Skills

  • Education: B.S. or B.A. in Accounting/Finance with at least 3 -years of experience in an industrial accounting environment
  • Practice safe work habits in accordance with OSHA and EPA guidelines and Bostik specific EHS expectations.
  • ERP experience (SAP preferred), knowledge of metrics / KPI
  • Experience with databases, strong MS Excel skills
  • Good relationship building skills, analytical insight, organizational skills, reactivity, ability to see the whole picture and neutrality, analytical capacities to proactively detect drifts.

A career with Bostik offers a collaborative work environment and supportive development to reach your career goals, with benefits starting day one as part of our competitive total rewards strategy.  Bostik, an Arkema company, is a leading global adhesive specialist in construction, consumer and industrial markets. For more than a century, it has been developing innovative adhesive solutions that are smarter and more adaptive to the forces that shape daily lives. From cradle to grave, from home to office, Bostik’s smart adhesives can be found everywhere. With annual sales of €2 billion, the company employees 6,000 people and has a presence in more than 50 countries. www.bostik.comThe diversity of our employees is an asset we value and commit to from recruitment through career management.  Bostik is an EEO/AA/Drug Free Workplace.  The above information has been designed to indicate the general nature and level of work performed by employees in this role. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications


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