Job Title: Assistant Controller

FLSA Status: Exempt

Department: Accounting

Reports to: Global Corporate Controller

Flex Work Eligible! This position qualifies for the Flexible Work Policy. Employees receive 75 workdays annually to work remote! The initial amount of days is prorated for the first year based on start date. 

GENERAL DESCRIPTION / PURPOSE:

The Assistant Controller is responsible for providing high-level support to the Global Corporate Controller as they manage Loram’s accounting and cost accounting activities on a global basis. The Assistant Controller consults with executives and high-level management to identify accounting and cost accounting issues and implement procedures to ensure accurate financial data and reporting. They collaborate with Global Corporate Controller to create and implement accountability systems and internal controls that prevent errors and inaccurate accounting documents.

ESSENTIAL JOB FUNCTIONS:

Operational Excellence

• Directs accounting and cost accounting activities in accordance with the organization’s policies and procedures through the leadership of a team
• Ensure timeliness, accuracy, and integrity of all financial data and reports for multiple domestic and global entities. Responsible for complex corporate consolidation in US GAAP involving numerous intercompany transactions for reporting to executive management, Board of Directors and parent company
• Provides oversight of the monthly close process including continuously looking for ways to drive process efficiencies and effectiveness
• Maintains hierarchy in ERP system for proper accounting and reporting that aligns with a growing structure with multiple domestic and global entities.
• Perform analytical review and summarize factors contributing to income statement, balance sheet and cash flow variances from budget and prior year
• Supports integration, reorganization and continuous improvement efforts.
• Partners with Legal and Tax to develop agreements to manage complex intercompany transactions.

Leadership and Talent Development

• Recruit, select and develop team members and ensure effective succession planning for all pivotal positions
• Managing the team by motivating and actively advocating for appropriate training and development. Fosters a culture of continuous improvement. Sets goals and priorities for the team that aligns with the company goals and strategy.

Compliance

• Provides oversight for significant capital spend; partners with functional leaders to ensure proper documentation and justification for capital requests; defines capital expenditure process and improvements; and directs determination of appropriate depreciation rates to apply to capital assets
• Reviews and assists in monitoring and establishing internal control procedures in the general accounting, cost accounting, financial reporting, inventory and manufacturing areas.
• Ensures financial integrity with company regulations, accounting standards, and reporting by staying current with accounting changes.
• Research for US GAAP and foreign entity accounting standards to ensure compliance while providing recommended course of action as required.

Financial Management

• Manages multiple external audits for several entities globally and manages relationships with audit firms. Ensures reporting is compliant with GAAP for applicable country, identifies and research GAAP differences in multiple countries.