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Plant Controller

Company: Illinois Auto Truck Co., Inc.
Location: Des Plaines
Posted on: November 22, 2022

Job Description:

Illinois Auto Truck Co., Inc. (IATCO) is the leading manufacturer of new clutch assemblies, clutch components, supplemental clutch parts and flywheels for class 6, 7 & 8 vehicles / medium & heavy-duty trucks. Founded in 1939, Illinois Auto Truck Co. is an ISO-9001 certified, fourth-generation family-owned business dedicated to quality and exceptional customer support. From clutch rebuilders to leading original truck manufacturers, our customers span the globe. Our unsurpassed customer service, on time delivery and technical expertise truly makes us "Best in the Clutch".Illinois Auto Truck Co, Inc. is seeking a high-energy candidate for our Plant Controller position. We are a growing manufacturing company located near O'Hare Airport and are looking for a solid financial leader to drive our pursuit to maximize profitability and optimize our financial reporting, accounting processes, and cash, asset, and inventory control.This position is responsible for supporting the management team's timely oversight of manufacturing costs and expenditures and assisting them in maximizing profitability through timely and relevant reporting, analysis, and communication. This role owns the inventory valuation, standard costing, variance analysis, and related processes during monthly, quarterly, and annual closing cycles. Responsibilities and Duties Primary responsibilities include but not limited to: Develop, propose, and maintain controls needed for financial data integrity, accumulation, and reporting Calculate and assure that period costs are properly capitalized in accordance to GAAP, tax and internal procedures Assist in the preparation, tracking, reporting and analysis of annual budgets, general ledger, budget components, product costing, forecasts and related variances Perform assigned, weekly, monthly, quarterly and annual close activities within closing timelines and assist the organization in any other areas that may require assistance in meeting their closing timelines Maintain the accuracy and timeliness of data used in balance sheet inventory valuation and calculating the cost of goods sold in accordance with various standards such as GAAP, tax, and internal guidelines Oversee customer invoicing Responsible for accounts receivable and collections Oversee accounts payable - ensure timely, accurate payments Construct and/or maintain data accumulation systems to report inventory valuation and margins by various dimensions (i.e. standard cost, current cost, margins by part, product line, customer, cost center, breakeven analysis, etc.) Work with other business functions to assure that physical inventory, cycle counts and excess and obsolete inventory evaluations are performed on a timely basis, and that results are analyzed for root cause issues and communicated in a timely basis to the appropriate management to improve any training, controls or procedures that may be required to improve results Lead accounting for fixed asset management and assist organization with fixed asset tracking Prepare and submit bi-weekly payroll, and process quarterly and annual payroll tax returns Develop associated internal reports and processes to reconcile payroll, taxes and related accounts Remit employee contributions to outside vendors Assist with employment-related reporting and regulatory requirements Create and review adjusting journal entries as needed Analyze, interpret and report financial and operational data to management Create and carry out month-end procedures Provide year-end support for external accounting firm, including reconciliations Manage bank account transactions and reconciliations Track and report cash management activities and ensure proper bank transaction processes are followed Support the organization in various other tasks, as requested Key Qualifications and Traits Bachelor's degree in accounting or equivalent Minimum of 5-7 years of plant/cost accounting, financial reporting, payroll and related taxes, and P&L analysis experience in a manufacturing environment Experience in margin and variance analysis, accounts receivables, accounts payables, cash management Demonstrated knowledge of general accounting principles and practices Very strong ERP system knowledge in a manufacturing environment as it pertains to order costing, inventory, labor and overhead rates, and general ledger is mandatory Very strong proficiency in higher level Excel functions (e.g. pivot tables, lookup, graphs, etc.), and other key Microsoft Office applications Excellent communication, collaboration, and presentation skills to train, persuade, and lead change at various levels of the organization Core Competencies Strong attention to detail and accuracy Initiative, self-administration, and disciplined follow-up Sound judgment and effective decision-making ability Solid planning, scheduling, monitoring, and information management skills Solid collaboration and interpersonal communication skills - speaking, persuading, writing, and focused listening Strong organizational, analytical, and problem-solving skills Willingness to learn and grow with and ability to detect, document, and communicate opportunities Strong time management skills, punctual, and demonstrates a "whatever it takes" attitude to meet deadlines. Must be highly organized and multi-tasking is second nature Effective in fast-paced team environment High level of professionalism, integrity, and commitment to confidentiality Proven analytical and problem-solving skills; the ability to analyze, interpret, and draw meaningful & accurate conclusions from data is highly preferred. Benefits Beyond a competitive salary and benefits package, we offer a fast-paced work environment that allows the right accounting/financial management professional to be part of our next evolution of our company as we are experiencing tremendous growth and business opportunities.Job Type: Full-timeBenefits: 401(k) Dental insurance Health insurance Paid time off Vision insuranceSchedule: Day shift Monday to FridayWork Location: One location

Keywords: Illinois Auto Truck Co., Inc., Des Plaines , Plant Controller, Accounting, Auditing , Des Plaines, Illinois

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