Assistant Controller

Overview

MPOWERD is seeking an experienced Assistant Controller to become an integral part of our team! You will be responsible for managing the accounting and financial functions of the company, reporting to the CFO.  You will have close interaction with other members of our management team.  Responsibilities will more specifically include monthly closings, balance sheet and financial analyses as well as forecasting income, expenses and cash flow. The Assistant Controller will also approve expenditures, process AP transactions and payments via NetSuite, assist in managing everyday operations and support the CFO in establishing budgets and long range financial plans as needed. 

 Responsibilities

Finance

  • Coordinate and oversee the accounting financial aspects of the business
  • Oversee daily accounting operations (general accounting, banking/cash management, payroll, accounts receivable, collections, accounts payable, purchasing) including direct supervision of Finance team members
  • Propose modifications to the chart of accounts including the setup of new departments and products to improve financial reporting
  • Collaborate with all departments to evaluate current and proposed financial plans and policies including analysis of various departmental budgets and expenses
  • Analyze the impact of accounting for non-routine transactions and the adoption of new accounting procedures and pronouncements
  • Consult with subject matter experts as needed, document the conclusions of the analyses and implements necessary changes
  • Customer credit approval
  • Monthly bank reconciliations
  • Manage vendor relations with respect to accounts payable
  • Assist with the annual operating budget, monthly and weekly forecasting processes
  • Oversee banking processes in compliance with company policies and procedures
  • Coordinate, with respect to accounting/finance, the set-up of new companies
  • Manages the annual capital expenditure budget, including tracking purchases against divisional budgets
  • Maintain Sales Commission Calculation schedules for the Sales team as well as quarterly bonus calculations for billable staff as needed
  • Prepare monthly borrowing base certification and supporting documentation for review by CFO
  • Work with the FO and legal teams when negotiating new vendor contracts to be sure the proposed cost structures align with budgets and maximize profitability
  • Assist the CFO in overseeing the annual external audit including a detailed review of drafts of the annual external audited financial statements and IRS Forms 990, 990-T, 1120, state and local sales tax and Canadian GST/HST reporting
  • Research and handle tax issues that arise, working directly with tax professionals and tax authorities as needed
  • Partner with internal stakeholders to identify opportunities for enhancing and streamlining processes
  • Responsible for the maintenance of internal controls to prevent inaccuracies in financial statements. This includes the preparation and management review of all account reconciliations and analyses prepared by the accounting team
  • Assist with the design and implementation of financial controls and best practices including those that come from recommendations made by the Company’s outside CPA firm
  • Train, recruit and manages staff with a focus on creating an innovative, collaborative and performance-driven culture
  • Handle ad hoc financial analyses or other tasks to support the CFO and the organization
  • Close each month and thoroughly review monthly financial statements
  • Assist with the development of and participation in the action plan to bring increased structure to accounting processes including maintaining accrual schedules, providing direction on the coding and reviewing expenses

Human Resources

  • Oversee and process company payroll
  • Partner with Human Resources on the administration of pay policies and compensation changes, updates payroll policies as needed to comply with regulations
  • Process documentation and prepare reports relating to personnel activities (staffing, recruitment, training, grievances, performance evaluations etc.)
  • Manage the Company’s health insurance and other benefits programs

Requirements

  • Bachelor’s Degree in Finance or Accounting, CPA helpful but not required
  • Fundamental knowledge of GAAP
  • Minimum of 6 to as many as 10 years related experience: ideally a blend of experience at entrepreneurial ($5 to $20 MM) and mid-sized (up to $100MM) consumer products manufacturers, wholesalers selling to small and major retailers and distributors globally
  • Demonstrates proficiency in understanding multi-location, inventory and cost accounting; bills of material, work/production orders, and standard costs;
  • Advanced Excel skills, vlookup, pivot tables, etc., highly tech savvy
  • Netsuite experience strongly preferred
  • Experience with transactional aspects of international sourcing, China preferred
  • Demonstrates leadership experience with ability to delegate, mentor, lead, and develop direct reports
  • Demonstrated experience with identifying and driving process improvements
  • Excellent communication & collaboration skills to interact with high-level business leaders to provide results, interpret results and drive the business forward.
  • Excellent prioritization skills. Comfortable in fast paced environment; multi-tasking

 

MPOWERD is an Equal Opportunity/Affirmative Action Employer