Optical Solutions Business Unit Controller

Primary Duties & Responsibilities

Financial Accounting


* Ensure monthly financial close is conducted in a timely and efficient manner in accordance with US GAAP, and the proper consolidation of financial results on a monthly basis.


* Review and approve staff account reconciliations and journal entries.


* Ensure account roll-forwards are completed.


* Monitor the impact of foreign currency.


* Explain monthly movements in inventory with an emphasis on gross margin and aging value of WIP.


* Review and validate monthly financial information from domestic and international business units.


* Understand significant variances between the forecast and budget.


* Participate in monthly reviews and understand current trends in productivity, yields, and work-in-progress.


* Review department expenses and headcount activity.


* Ensure that all new part numbers have standard costs, and that significant fluctuations in standard costs can be explained.


* Regularly review items in CIP, and close projects in a timely fashion.


* Actively manage worldwide transfer pricing to comply with tax guidance.


* Maintain adequate controls to ensure accurate physical inventories.


* Ensure any required reserves are in place.


* Assist in the process for attesting to the effectiveness of the Company's internal controls over financial reporting and accounting.

Reporting and Analysis


* Provide accurate and timely financial reporting on key financial metrics with appropriate analysis that allows leadership to effectively influence the course of the business.


* Provide actual, budget, and forecast updates to management; monitor variances and proactively communicate and/or resolve issues as appropriate.


* Actively support and participate in periodic reviews and QBR's, share financial insights regarding business trends, inform management of potential impacts to profitability, and provide recommended actions.


* Ensure the financial integrity of business cases and CARs including making sure that market forecasts and costs are thoroughly vetted and credible.


* Escalate activities to management that do not appear financially sound.


* Provide financial analysis and support to management for new product introductions, cost reductions, operational efficiency initiatives, etc.


* Identify opportunities for improvement, including opportunities for revenue/margin growth, cost and expense savings, and process improvements.


* Assist in the remediation of any internal control deficiencies.

Financial Planning/Forecasting


* Manage and coordinate preparation of 5 Year Plan, Budget, & Forecast.


* Develop processes to collect and compile information.


* Drive budget/forecast related meetings and conference calls.


* Support the development of long-range strategic plans and provide leadership in their preparation.


* Provide analyses of financial options to help meet t...