- Location
- Mentor, OH
- Department
- Finance
- Experience
- 7+ years
- Education
- Bachelor
- Source
- Paylocity
Description
Description
The Operations Controller leads cost analysis, inventory control, and operational reporting to improve profitability, enhance productivity, and support strategic business decisions.
Duties and Responsibilities
- Oversee the development, maintenance, and accuracy of standard costs for manufactured products.
- Establish and maintain bills of materials (BOMs), labor routings, production rates, and cost allocation methodologies in coordination with operations.
- Analyze direct materials, direct labor, variable overhead, and fixed manufacturing overhead.
- Partner with operations to build visibility into true cost of production, materials utilization, and manufacturing efficiency.
- Implement inventory control procedures to ensure accuracy and integrity of inventory data. Manage inventory levels and inventory accounting processes to optimize inventory turnover and minimize carrying costs.
- Investigate inventory discrepancies, material losses, excess stock, and obsolete inventory.
- Support inventory cycle counts and periodic physical inventory reconciliations.
- Monitor and analyze costs and expenses across various operational areas.
- Identify opportunities to reduce costs and improve cost efficiency without sacrificing quality or service levels.
- Develop and implement cost control measures and initiatives to achieve financial targets.
- Serve as a trusted advisor to operational leaders, providing financial guidance and support as needed.
- Provide financial insights, performance metrics, and analysis to senior management to help drive strategic decision-making and performance improvements.
- Prepare budgets, forecasts, and variance analyses to assess financial performance against targets.
- Develop dashboards and KPI reports to communicate performance.
- Lead or participate in cross-functional teams to implement process improvements and drive operational excellence.
- Monitor and evaluate the effectiveness of process changes and initiatives, making adjustments as needed.
- Foster a culture of accountability, collaboration, and continuous improvement within the finance team.
- Coach and develop team members to enhance their skills and capabilities.
Requirements
- Work Experience - minimum of 7 years of experience in accounting with responsibility for cost accounting.
- Bachelor's in accounting. CMA / CPA Preferred
- Knowledgeable of Generally Accepted Accounting Principals
- Proficiency with costing standards, cost systems and variance analysis.
- Attention to detail, proven analytical and problem-solving abilities
- Good written and verbal communication skills
- ERP System experience (JDEdwards preferred)
- Must be proficient in MS Office software
- Ability to multi-task and establish priorities