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Lovejoy Plant Controller - Full Time

The Timken Company - Downers Grove, IL

Posted on 05/12/22 (Ref: ILk40aIt66)

Lovejoy Plant Controller - Downers Grove, IL - The Timken Company

Lovejoy, a business in the Timken family of brands, is hiring a plant controller.


The purpose of the position is to provide Lovejoy Downers Grove and South Haven management, R&L management, and the corporate controllers organization accurate and timely financial data and information. This position is responsible for ensuring all plant accounting activities comply with the AAP, Timken Corporate policies, and sound business practices

Essential Responsibilities:

  • Responsible for accuracy and integrity of all financial information concerning plant activity through active management of financial policy and internal controls for the assigned plants.
  • Manage tax compliance and reporting for local and state taxing authorities either directly or in support of the Timken tax department reporting requests. Respond to requests for financial information from taxing authorities, auditors.
  • Lead the plant site specific month end close activities and support of all accounting activities of Lovejoy.
  • Support plant efforts for labor reporting, scrap, and inventory reporting activities
  • Drive consistency in the operational reporting, inventory management, SOX controls, and other relevant areas within plant operations
  • Assist in the development and maintenance of annual operating plans and departmental overhead rates to drive product cost standards for plant product lines and part numbers.
  • Provide daily, weekly, and monthly local, divisional, and corporate KPI reporting
  • Support plant site financial accounting closing processes and the compilation of the cost of production statement
  • Creates and analyzes required financial statements and supporting schedules to load SAP to Consolidation system.
  • Support the maintenance of legal entity internal control procedures in accordance with current compliance requests for information
  • Drive continuous improvement within the plant finance and manufacturing operations, and participate as finance lead/expert in lean activities undertaken by plant management
  • Provide support during the annual business planning process to site management and analyze and assemble business plan data for review by the Lovejoy controller.
  • Assist in establishing cost center and product rates within corporate practice guidelines
  • Aid in compliance efforts for Sarbanes-Oxley audit requirements, and provide support for response to internal and external auditors
  • Identify and implement continuous improvement opportunities for financial and non-financial business results, as required

Technical/Functional Skills:

  • Demonstrated ability to lead efforts to yield accurate cost analysis and operational accounting
  • Advanced MS Office skills: Excel, Access & PowerPoint
  • Ability to team with cross-functional team members and gain their cooperation to yield desired results, as well as an ability to work independently
  • Experience with SAP or other ERP systems
  • Project management skills

Basic Qualifications:

  • Bachelor's degree in accounting or finance is required; Master's degree is preferred
  • Minimum of 7 years of experience in general accounting and finance; experience in cost accountlng of FPNA or analytical preferred
  • CPA is preferred

All qualified applicants shall be treated equally according to their individual qualifications, abilities, experiences and other employment standards. There will be no discrimination due to gender or gender identity, race, religion, color, national origin, ancestry, age, disability, sexual orientation, veteran/military status or any other basis protected by applicable law.

Lovejoy Plant Controller - Downers Grove, IL - The Timken Company

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