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Client: Fab-Tech, an Exyte Group Company

Website: (link removed)

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-Techs 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 Companys 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 groups 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 analysis, perform RCA and execute corrective and preventive actions.
• Demonstrate ability to work independently and with minimal supervision.
• Ensure tasks are completed accurately - maintaining excellent attention to detail.
• Interact with staff members and workers in a professional and ethical manner.
• Represent the company in a positive and professional manner at all times.
• Maintain a clean and orderly work area.
• Anticipate potential problems as they develop and communicate to VP of Finance.
• Work collaboratively with others in identifying resources (people and equipment) and sharing the allocation of resources as necessary.
• Other duties at the direction of VP of Finance.
• Able to manage time and prioritize tasks effectively.

Budgeting:

• Prepares the annual budgets, quarterly forecasts, and roll-forwards. Analyzes trends in revenue, discounts and promotions, expenses, capital expenditures and other related areas that may impact achieving annual EBIT objectives.
• Assures financial plans are consistent with organizational goals.
• Analyzes past and current trends in key performance indicators including areas of: revenue, cost of sales, production variances, purchase price variances, expenses and capital expenditures.

Inventory Control and Standard Costing

Staffing:

Cash, Treasury:

• Responsible for maintaining and processing non-check payment requests (i.e. wire transfers, loan payments, etc.).
• Working with AR (Sales) & AP (Purchasing) to prioritize and ensure all transactions are being processed appropriately and accurately according to collection and payment terms.
• Monitor companys DSO, DSI, and DPOs to ensure they are in line with target levels to achieve annual net working capital goals.

Actively participate in the annual renewal of the companys insurance package and allocating costs to the other companies (workers comp, property, liability and other).

Other:

QUALIFICATIONS AND EXPERIENCE:

• Four-year business degree with concentration in accounting and minimum of four years of accounting experience or two-year accounting degree and seven or more years accounting experience including financial and tax reporting experience.
• Strong knowledge of accounting principles; as well as state and federal taxes.
• Experience with operations and accounting.
• Manufacturing standards costing
• Expert computer skills to include Windows-based accounting software.
• Strong Analytical Excel, Word, Outlook, Forensic Accounting and Analysis.

Gallagher, Flynn, & Company, LLP has been retained to conduct this search. Interested candidates may apply by sending a resume and cover letter to Dan Lyons, Managing Director, HR Consulting. While we appreciate all interest in this opportunity, only candidates most closely aligned with our search will be contacted.

Disclaimer: What is listed above is representative of the position's responsibilities but is not meant to be an exhaustive list. Responsibilities may change during employment at the company's discretion. Gallagher, Flynn & Company, LLP and our client do not discriminate in employment based on race, color, religion, sex (including pregnancy and gender identity), national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, membership in an employee organization, parental status, military service, or other non-merit factors.