Client: Fab-Tech, an Exyte Group Company
Website: fabtechinc.com
Position Title: Controller
Location: Colchester, VT
About Fab-Tech Inc.:
Fab-Tech Inc. manufactures PermaShield Pipe (PSP), a Factory Mutual approved system of stainless-steel corrosive fume exhaust duct with PermaShield Fluoropolymer Barrier Coating on interior surfaces.
PSP combines the reliable strength of stainless steel, the superior corrosion resistant attributes of fluoropolymers and an array of innovative fittings to provide safe, reliable, and clean corrosive fume exhaust systems. For new construction or facility renovations, consider the benefits of PSP duct.
Fab-Tech has the capacity to meet their customers’ schedule when delivery is critical. PSP installs clean to save customers valuable time and money, uses Class 1A AMCA dampers certified for low leakage, and has the largest selection of available accessories to make installation easier and faster. PSP is the only coated duct product available with a "0" Flame Spread rating.
Fab-Tech’s Specialties Include:
- Wastewater Odor Control Vent Pipe
- Semiconductor Manufacturing Corrosive Exhaust Duct
- University Research and National Labs Coated Duct
Position Overview
The Controller is responsible for the supervision, coordinating, maintaining and overall general control of the accounting system to properly reflect the financial position of the Company. This person will be responsible for the accurate and timely completion of monthly, quarterly, and annual financial statements. They will also be responsible for coordinating and preparing annual budget, quarterly reprojections and rolling three-month forecasts. The Controller will monitor department policies and procedures and recommend improvements and serves as a resource for others regarding general aspects of accounting. They will assist with tax reporting and interface with operations and manage corporate intercompany allocations.
Essential Functions and Responsibilities
Financial Statements:
- Responsible for the timely and accurate completion of financial statements for the Company in accordance with IFRS.
- Ensures CM intercompany transactions are properly recorded and eliminated for consolidation purposes.
- Analyzes and communicates variances between actual financial position and the budget to ensure no material variance due to accounting or accounting controls. Communicate control to annual spend and raise awareness of material variances.
- Responsible for the distribution of the financial statements to company management and others as needed.
- Ensures accruals are properly accounted for (inventory and operating expenses), proper cut-off procedures are followed to adhere for sales and payables and subsidiary ledgers reconcile to the general ledger (A/R, Invest., A/P).
- Responsible for maintaining and tracking capital expenditures (CPARS). Ensures Company’s capitalization policy is followed, and proper documentation is maintained. Update and maintain fixed asset depreciation software and record book depreciation accordingly.
- Lead year-end audit/review and ensure the Prepared by Client List is complete, accurate and ready for field work to begin.
- Present actual monthly financial results to the CM team. Create and communicate reports to help the leadership team understand the company and areas of concern as well as opportunities.
- Intercompany account reconciliations/eliminations.
- Work with the Purchasing Department to ensure perpetual accuracy as well as unit and standard costs.
- Analyze purchase price variances and proactively suggest raw material standard costs adjustments to ensure no material over or under valuation.
- Updating annual standard costs (Materials, Direct Labor, Overhead).
- Maintains staff performance by coaching, counseling, and disciplining employees, planning, monitoring, and appraising job results.
- Prepare and communicate annual review and suggest new learnings for career growth.
- Responsible for maintaining and reporting daily cash transitions and transfers to and from the group’s bank accounts (Daily Check Register).
- Review daily/monthly bank statement reconciliations.
- Monitor overdue accounts, collections, problem resolution.
- Prepare drafts for customer Letters of Credit.
- Prepare income tax reports for external tax preparers.
- Reporting and analysis as requested by management.
- Complete Government Census reports.
- Protect assets by establishing, monitoring, and enforcing internal controls.
- Create, update and monitor accounting department systems and procedures.
- Proactively prepare various ad hoc data analys