Plant Controller Job


Location: 

Wauwatosa, WI, United States

Employment Type:  Regular
Category:  Finance and Accounting
Posting Date:  Sep 14, 2024

This role is based in Chicago area with hybrid schedule at Ringwood, IL and Elk Grove, IL plants. #LI-TJ1

 

Bostik is a leading global adhesive specialist in construction, consumer and industrial markets. For more than a century, we have 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. 

 

The Plant Controller is a member of the Plant Leadership Teams in Ringwood and Elk Grove plants.  As the Finance Business Partner, this role works collaboratively with the members of the Plant leadership team and actively influences plant level decision making, to enable continued success.  Responsible for communicating the financial results and leading plant budgets, forecasts and outlooks as well as monitoring fixed asset spending and inventory valuation accuracy.  Ensures that the financial statements issued by the plant accurately reflect financial results and ensures adherence to internal control & compliance to financial policies & procedures.  

 

Key Activities

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 Controlling 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 Controlling Manager, Finance Managers - BU and Corporate.
  •  Other – Supports year end audit requirements regarding plant financials to external/internal auditors.
  •  Mentoring – support development of local manufacturing staff on accounting principles, internal controls, financial statement analysis, cost analysis and inventory control.

 

Qualifications/Experience required

  •  B.S. or B.A. in Accounting/Finance
  • At least 3-years of experience in a finance/accounting role within a manufacturing organization
  • ERP experience required (SAP preferred)
  • Strong MS Excel skills (pivot tables, v lookups, etc.)
  • Attention to detail, analytical skills, responsive.
  • Good relationship building skills, organizational skills, reactivity, ability to see the whole picture and neutrality.
  • Travel: 25-40% 

Who we are? Arkema is a world leader in Innovative Materials for a Sustainable World with the ambition to become a pure Specialty Materials player.

We thrive as One Arkema, comprised of many businesses and brands including Bostik, ArrMaz, and more! and operating with a global reach in 55 countries with more than 21,100 employees. Each one contributes to positioning Arkema as a recognized leader of specialty chemicals and advanced materials, reporting annual sales of €9.5 billion, of which 2.9% allocated to R&D for 1,800 researchers in 17 R&D centers.

If you pursue excellence, love innovation and are inspired by challenges, we encourage you through www.arkema.com to learn more about our values – Solidarity, Performance, Simplicity, Empowerment, and Inclusion – and how we concentrate on advances in bio-based and recyclable materials, new energies, water management, electronic solutions, lightweight materials and design, home efficiency and insulation.

Changing the world requires the right formula. The right formula consists of our innovative and sustainable materials, and you. Join us to develop the materials of tomorrow and make a difference together. What are you made of?

The legal information below pertains specifically to positions posted in the United States, however we strive for diversity, equity and inclusion in all the countries that we hire.
Arkema Inc. provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability or genetics. In addition to federal law requirements, Arkema Inc. complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment, including recruiting and hiring.

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