Electroswitch Electronic Products is seeking an experienced Business Unit Controller to serve as the financial leader for our Raleigh business unit and a key member of the management team.
Reporting directly to the Vice President and General Manager, the Business Unit Controller will be a trusted financial and operational partner responsible for manufacturing accounting, financial reporting, planning and analysis, cost accounting, internal controls, working-capital management, and strategic decision support.
This is a hands-on leadership role for someone who can move comfortably between detailed financial analysis and broader business discussions. The successful candidate will work closely with operations to identify opportunities to improve profitability, translate financial information into clear business recommendations, and help leadership make informed decisions.
The Business Unit Controller will also provide oversight to the Information Technology and Human Resources functions and work closely with the Controller supporting our manufacturing operation in Juarez, Mexico.
Essential Duties and ResponsibilitiesFinancial Leadership and Business Partnership- Serve as the primary financial advisor and strategic partner to the Vice President and General Manager.
- Act as a key member of the business-unit leadership team.
- Translate complex financial and operational information into clear, actionable recommendations for non-financial leaders.
- Partner with operations to identify opportunities to improve profitability, productivity, margins, and overall business performance.
- Identify emerging financial and operational risks and recommend appropriate corrective actions.
- Keep business-unit leadership informed of significant trends, risks, and opportunities.
- Lead the annual budgeting and periodic forecasting processes.
- Develop revenue, bookings, operating expense, headcount, capital expenditure, cash-flow, and profitability forecasts.
- Analyze actual results against budgets and forecasts and clearly communicate significant variances.
- Prepare financial models, scenario analyses, and other decision-support tools.
- Manipulate and analyze financial and operational reports to identify trends and business opportunities.
- Ensure the timely and accurate completion of monthly, quarterly, and annual financial closes.
- Prepare and review financial statements, management reports, and key performance indicators.
- Analyze revenue, gross margin, material, labor, overhead, operating expenses, EBITDA, working capital, and cash flow.
- Oversee intercompany accounting and reconciliations.
- Coordinate tax, audit, and other financial-reporting requirements.
- Work closely with the Controller in Juarez to obtain and review financial information supporting consolidated reporting and business decisions.
- Provide financial leadership for manufacturing operations, product costing, inventory valuation, and manufacturing performance.
- Maintain oversight of standard costs and costing methodologies.
- Analyze material, labor, overhead, purchase-price, scrap, productivity, and other manufacturing variances.
- Monitor inventory, reserves, cycle counts, and excess and obsolete inventory.
- Partner with manufacturing leaders to convert financial findings into practical operational improvements.
- Prepare gross-margin analyses for significant requests for quotation.
- Support leadership in establishing appropriate pricing and profitability targets.
- Evaluate product, customer, and program profitability.
- Provide financial analysis supporting commercial and operational decisions.
- Lead business-unit working-capital management.
- Oversee accounts-receivable aging, collections, credit exposure, and days sales outstanding.
- Ensure appropriate controls over cash receipts, disbursements, banking, and treasury-related activities.
- Lead the development of the annual capital-expenditure budget.
- Review and approve capital-project requests and supporting financial justification.
- Evaluate investments using return on investment, payback, and other financial measures.
- Provide regular reporting on capital spending and project performance.
- Establish and maintain effective accounting policies, procedures, and internal controls.
- Maintain appropriate segregation of duties, approval authorities, reconciliation standards, and financial-review processes.
- Safeguard company assets and support compliance with applicable federal, state, and local requirements.
- Support business-unit risk management, insurance, and asset-protection controls.
- Promote the effective use of ERP and other systems supporting financial and operational management.
- Play an active role in the implementation of the company’s new SyteLine ERP system.
- Ensure appropriate financial-system controls and reporting capabilities.
- Partner with IT on system implementations, upgrades, technology investments, and cybersecurity-related financial controls.
- Identify opportunities to improve reporting, processes, accuracy, and efficiency.
- Prepare quarterly financial and operational updates for the Board of Directors.
- Maintain and update board-meeting templates, financial presentations, and supporting schedules.
- Clearly explain business performance, profitability, risks, opportunities, and forecast changes to executive and board-level audiences.
- Lead, develop, and evaluate finance and accounting personnel.
- Establish clear responsibilities, expectations, and accountability.
- Provide leadership oversight to the Information Technology and Human Resources functions.
- Ensure employees receive appropriate technical, compliance, safety, and professional-development training.
- Bachelor’s degree in Accounting, Finance, Business Administration, or a related discipline required.
- Minimum of 10 years of progressively responsible finance and accounting experience.
- Significant Controller-level experience within a manufacturing environment required.
- CPA strongly preferred; a CMA, MBA, or substantial manufacturing Controller experience will also be considered.
- Strong knowledge of financial statements, accounting principles, financial controls, management accounting, and financial analysis.
- Strong understanding of manufacturing economics, standard costing, inventory accounting, variance analysis, and margin improvement.
- Experience partnering with operations and identifying opportunities to improve profitability.
- Ability to analyze and manipulate detailed financial and operational reports.
- Demonstrated ability to explain complex financial information clearly to non-financial audiences.
- Experience with ERP systems and implementations; experience with SyteLine is a plus.
- Experience preparing executive or board-level reporting strongly preferred.
- Familiarity with private equity-owned operating environments is a plus.
- Strong leadership, communication, judgment, and interpersonal skills.
- Ability to build an effective working relationship with senior leadership and serve as a trusted business partner.
- International or multi-location manufacturing experience is helpful but not required.
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