Financial Controller
New Castle, DE Finance
Job Type
Full-time
Description

Organization

Industrial Physics, Inc. manufactures test and inspection equipment which protects the integrity of our customer’s brands and products. Operating across a family of 14 brands, Industrial Physics has spent 80 years providing the highest quality of packaging, product, and material testing solutions for manufacturers, production lines, and laboratories all over the world. Our testing machines, devices and services can be used for a wide range of applications across the food and beverage, pharmaceutical, medical devices, electronics, automotive, aerospace, pulp, paper and packaging, plastics and polymers, construction and civil engineering, inks, paints and coatings, and films, adhesives and flexible packaging industries. Industrial Physics has annual revenues of over $90 million per year.

Industrial Physics is backed by Union Park Capital, a private equity group with a long track record of investing in the industrial technology companies. Industrial Physics expects to grow significantly over the next few years through follow-on acquisitions and investment in organic growth. This growth-oriented strategy will enable Industrial Physics’ employees to thrive within an expanding commercial organization while making a positive impact on the industries we serve. The Controller plays a critical role in the strategic leadership team for the Americas region.

Position Summary

Industrial Physics is seeking a hands-on and change-minded Financial Controller to continuously improve accounting and financial operations while consolidating reporting across multiple units within the region. This leader will work closely with the America’s President as its business partner to provide insights into the health and forecast of the business. The Controller also leads the Accounting Shared Services Center in New Castle, Delaware consisting of 5 people. The Controller reports directly to the America’s President and indirectly to the Global CFO.

Core responsibilities include developing and managing tools and systems to provide critical financial and operational information to the America’s President and CFO, and to make actionable recommendations on strategic initiatives. The Controller is responsible for day-to-day financial planning and analysis, financial reporting and forecasts, pricing analysis, margin analysis, accrual accounting, budget, cost, inventory, cash management, cash flow, working capital, balance sheet, income statements, and cash management. The Controller is also responsible for a comprehensive set of controls designed to mitigate risk, enhance the accuracy of the company’s reported financial results, and ensure the reported results comply with US GAAP. It is critical that candidates have demonstrated success operating hands-on in a complex manufacturing company with global sales and service; the ability to integrate acquisitions; and to work in an accounting shared services environment.

Key Responsibilities:

  • Identify areas of opportunity to improve and enable change to the systems, controls and processes pertaining to finance and
    accounting in alignment with the global finance organization.
  • Prepare and present accurate and timely financials reports including monthly profit and loss, balance sheets and cash flow statements.
  • Review all month-end closing activities and general ledger account reconciliations, including all revenue and expense accounts, cash accounts, prepaid accounts, accrued expense accounts, and inter-company accounts on a monthly basis.
  • Supervise and manage an Assistant Controller and 4 financial shared services clerks (who perform the duties for accounts receivable and accounts payable).
  • Manage annual budgets, rolling forecasts, cash management, working capital, inventory, costs, accounting systems, payroll, and monitor tight control of operating expenses.
  • Develop and execute forward-looking, predictive, and activity based Key Performance Indicators and models of financial analysis for various business initiatives and plans to ensure that budget targets are met, revenue flows are maximized, and fixed costs are minimized.
  • Help prepare financial and management reporting, including the consolidation of monthly financials.
  • Develop and maintain outstanding relationships key vendors and business partners (banking, supply chain customers, etc).
  • Manage the financial and tax audit process and liaise with external auditors as needed.
  • Work closely with Americas President to analyze company and product family profitability (contribution margin, gross margin, EBITDA) and suggest areas for improvement.
Requirements
  • Bachelor’s Degree in Finance, Accounting, or Business Administration.
  • 7+ years of progressively responsible accounting experience, preferably in a combination of public accounting and corporate accounting (preferably with private equity-backed companies).
  • Demonstrated ability to influence process change to improve efficiency of reporting, month end close, etc
  • Strong understanding of US GAAP accrual accounting and cost accounting in a manufacturing business. CPA not required, but a plus.
  • Successful supervisory track record, including coaching and mentoring team members.
  • Experience in working in a financial shared services environment a strong plus.
  • Experience with the Syteline ERP and the Planful consolidation tool a plus.
  • Ability to complete work to deadlines with minimal direct supervision. Must be a proactive and an independent worker.
  • Excellent analytical, problem-solving skills, reasoning and ability to deal with complexity.
  • Strong organization and time management skills.
  • Excellent communication and computer skills including MS Word, Excel, PowerPoint and Outlook.
  • Strong troubleshooting and problem solving capabilities.