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New York, New York - USD Full Time Posted: Friday, 15 March 2019
 
 
Job Description

*Our company offers fully paid benefit coverage for: dental, vision, short-term disability, and life insurance.* Job Description:

The Controller is responsible for directing the Accounting, Bookkeeping and Financial Reporting staff in the closing of the monthly books and records of the Company. In addition, the Controller is responsible for the reporting of the operating results to the CFO. The role of the Controller includes profit planning, budgeting, sales forecasting, capital investing, cash flow planning including banking needs, credit allocations, cost accounting, price testing and the establishment and administering of procedures to accomplish these functions.

The ideal person will be a seasoned accounting and finance professional having worked in a fast paced environment as a Controller with the ability to multitask and identify productivity improvement and automation initiatives. The selected person needs to have a manufacturing background and exposure to the retail industry as a Controller.

Skills Summary:

Education

  • B.S. degree in Accounting
  • CPA REQUIRED

Experience and background

  • Experience with Microsoft Navision and exposure to Sarbanes Oxley (SOX) internal controls.
  • Ten (10) years' experience gained through increasingly responsible financial management positions.
  • One - two (1-2) years' recent experience as a Controller.
  • One - two (1-2) years' recent experience with Standard Cost Accounting REQUIRED.
  • Preferably annual sales of $40 million to $60 million.
  • Working knowledge of automated accounting systems to manage finance operations.
  • Affiliations with successful Manufacturing companies.
  • Attend courses covering the newest techniques and methods.

Personal characteristics:

  • Strong accounting acumen with GAAP.
  • Rational management style with the ability to work with diverse personalities, tactful, mature, flexible.
  • Ability to establish credibility and supports the Company priorities.
  • Results oriented personality with the ability to balance other business considerations.

Company interaction/relationships

  • Accountable to the CFO for phases of their responsibilities and from time to time with the CEO.
  • The position will counsel and provide advice, consult with the other functional leads on accounting and audit requirements, budgets and controls and financial policies and procedures. As an example but not limited to:
  • Operations - manufacturing controls, inventory, product costs and the reporting of same.
  • Showroom and Sales man Lines - inventory levels, purchasing control, reconciliations, insurance coverage.
  • Human Resources -organizational plan, human resources policies, budgets.
  • Sales and Marketing - ensure proper funding for initiatives and ensure controlled spending.
  • Challenge the Sales and Marketing and all Sales Driven departments to keep within their budget guidelines and support the functions in attaining their potential sales goals by balancing expenses across the Company.
  • If necessary, shifting expenses to functions of the Company that drive sales growth and ensure stability.
  • IT - accounting reporting requirements, and internal and external spending with external IT provider.

Essential functions:

Accounting

  • Determine control costs including review of any cost sheets and cost accounting records.
  • Determine inventory policies and review any perpetual records and the most recent actual inventory. Review method of reporting or accounting for monthly inventory.
  • Evaluate the accounting systems and report generation capabilities including ease of use and training competency.
  • Ensure the veracity of all balance sheet accounts as per General Ledger.
  • Make sure bank reconciliations are current and all transactions are captured timely in the accounting records.
  • Effectively communicates areas of responsibility and informs accounting staff as to future plans and progress.
  • Carry out "flux" analysis of all balance sheet accounts and meet with bankers as needed.

Internal Controls

  • Assures protection of the business through strong internal and external cash controls - externally with the Bank.
  • Oversees the creation and implementation of a Company wide internal control process - from developing control matrices, key controls and at a minimum semiannual testing to mitigate risk.
  • Determine if notes exist for all intercompany, owner or shareholder loans and if not, generate them to be signed. To the extent terms are not evident it should be discussed with management or the owners as the case may be.
  • Institute and manage methods to control business assets including internal controls and auditing and assessments of insurance coverage and needs, and overall company risk assessments.

Financial Planning & Reporting

  • Establish daily Flash number reports and coordinate annual budget with departmental heads.
  • Develop a plan and time table schedule for items not completed at the end of a three month period.
  • Determine what reports and schedules are needed monthly, quarterly or semiannually, if any.
  • Develop reports and present to management to make decisions for effective controls within the business.
  • Develops an adequate plan for backup and succession of management and other key personnel.
  • Prepares a monthly closing schedule that ensures the Company's operating results compare to budget and prior year.

Financial Analysis

  • Prepare a break even analysis and monitor product lines with different gross profit percentages.
  • Prepare an annual operating budget and related cash flow projections and analyze prior years trends and variances.
  • Prepare a schedule of monthly recurring expenses.
  • Prepare a fixed asset schedule and compare with insurance policy coverage and DMV registrations if applicable.

Management

  • Determine the independent accountants interim work and create a schedule for them.
  • Monitors performance of direct reports, provides prompt objective coaching and quarterly assessments.
  • Ensures that management training and development needs are identified within the department.
  • Assures that the duties, responsibilities and authority of each position is clearly defined and effective.
  • Establishes terms, policies and procedures to determine with IT which of these can be automated.
  • Communicates to the CFO via monthly comments that reflect the results of monthly operations.

Compliance

  • Resolves any outstanding issues, fines or violations in the last two years.
  • Prepare a Tax and Special Items Calendar of tax payment and form due dates including all necessary documents.
  • Determine regulatory reporting responsibilities and oversee Tax administration and government reporting.
  • Ensures that the company's financial management principles, policies, and programs are consistently practiced while improving the effectiveness of these practices.

Transactions

  • Ensures the accuracy of the movement of the inventory from purchase to consumption to COGS and will advise the CFO and CEO regarding significant unfavorable variances. Responsible for year-end physical and reconciliation.
  • Oversight of loan agreements, covenants and interaction with the lenders to maintain a relationship with them.
  • Forecast short-long-range cash requirements obligations and working capital requirements, investment and funding sources, profit, loss and cash flow from contemplated activities including pricing decisions and capacity utilization.

Additional Accountabilities:

  • Determine if any new projects, major hiring, expansion or equipment purchases are planned for the next year.
  • Awareness of economic conditions that might affect business operations and bring to management's attention.
  • Recommends and implements state-of-the-art techniques to improve productivity, increase efficiencies and cut costs.

Daily

  • Review back log of work for each person in the finance department and communicates additional responsibilities.
  • Discuss any irregularities that occurred in any given day with management.
Company Description Our story begins with two dynamic and talented brothers who saw an unfeeling industry that needed new vision. They understood why unique, quality product is important to people in the first place: to celebrate the special occasions, to commemorate the momentous accomplishments, to honor the deepest relationships, and to capture the unspeakable beauty of life and those who matter most.

Committed to making their vision come true, the brothers followed in their father's footsteps and formed the company in 1989. With their carefully selected and talented team, they devoted themselves to the production of the finest quality product and unparalleled service. Today, the company has earned the reputation as being passionate, dependable creators and manufacturers.

New York, New York, United States of America
Finance
USD
Leading Jewelry Company
Leading Jewelry Company
JSB0F0EAA01/669978537
3/15/2019 6:44:22 PM

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