Plant Controller I

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At STERIS, we help our Customers create a healthier and safer world by providing innovative healthcare and life science product and service solutions around the globe.

Position Summary

The Plant Controller is responsible for the oversight of the financial and accounting performance of a manufacturing plant located in Sharon Hill, PA.

The Plant Controller will provide business guidance and financial support for the plant by being a core member of the leadership team. The financial responsibilities include, but are not limited to, development of competent plant accounting/analytical teams, insuring the accuracy of monthly results; performing financial analysis of monthly results; oversight and responsibility for financial reporting and system integration; plant capital spending and analysis; preparation, review and analysis of financial statements; preparation of budgets and forecasts as well as establishing and maintaining systems of good internal controls.

This position will be based onsite in Sharon Hill, PA.

This position will have supervisory responsibility for 1-2 employees.

Duties

• 40% Financial Reporting and Analysis
• 30% Business Strategy
• 30% Directs the Accounting operations at the Plant and related remote locations.
• 20% Financial Controls
• 5% Supervisor -May lead or have direct reports - Cost Accountant, Financial Analysts, Sr. Financial Analysts

Financial Reporting and Analysis

• Plan, direct, and administer the plant's financial accounting activities in accordance with company and financial group policies and objectives.
• Monthly, provide Group Controller and business management a recap of the actual results with a detailed analysis. This would include analysis, comparison to plan, major variances, and contributions to:
  • Absorption (volume/mix)
  • Variance analysis
  • Capital spend reporting
  • Inventory reporting
• Advise non-financial plant management on matters pertaining to accounting issues, revenue recognition, and expense management.
• Complete required forecasts - of all major absorption, capital and inventory categories. Identify and refine leading indicators for the business; identify trends; quantify impact.
  • Monthly - update on current Quarter
  • Quarterly - update on current Quarter and balance of year
• Drive forecast alignment and forecasting accuracy minimizing inventory levels, increase inventory turns, and improve customer service levels.
• Institute key metrics and reporting that measure the performance of the plant.
• Ongoing, identify opportunities or areas of financial underperformance, conduct an in-depth analysis and make appropriate recommendations. Initiate detailed action plans in cross-functional department teams to implement initiatives and proposals.
• Review and analyze costs for all key products and product lines. Analyze manufacturing variances and develop profit improvement initiatives.
• Analyze, identify, interpret, and correct target areas for improvement opportunities.

Business Strategy

• Manage and direct strategy and planning requirements to ensure profitable growth on plant level activities and identify business opportunities.
• Primary responsibility to complete the annual financial plan for the business. This includes volume, expenses, capital and inventory. This plan is done in partnership with business unit management within corporate oversight and direction.
• Partner with “key customers” to identify and explore alternative methods to improve the operation such as kaizen events
• Provide financial input and assist plant leadership in the preparation and analysis of capital projects that provide financial incentives (compelling value proposition) on existing operations.
• Assist in the design and development of any compensation plan, ensuring it drives the right behaviors and it is financially sound. Monitor and evaluate effectiveness of any incentive plan and make appropriate recommendations.
• Participate in product portfolio analysis; develop target cost and standard cost of proposed new product throughout project, monitor and report on metrics throughout project.
• Lead financial resource on any vendor acquisitions: preparation / review of financial case; participation in due diligence and integration.
• Support LEAN initiatives.
• Develop reports, monitoring systems, or action plans to support business activity or address new opportunities.

Duties - cont'd

Financial Reporting and Analysis

• Plan, direct, and administer the plant's financial accounting activities in accordance with company and financial group policies and objectives.
• Monthly, provide Group Controller and business management a recap of the actual results with a detailed analysis. This would include analysis, comparison to plan, major variances, and contributions to:
• Absorption (volume/mix)
• Variance analysis
• Capital spend reporting
• Inventory reporting
• Advise non-financial plant management on matters pertaining to accounting issues, revenue recognition, and expense management.
• Complete required forecasts - of all major absorption, capital and inventory

Financial Controls

• Ensure consistency of the financial reporting with Group and Corporate standards.
• Create and/or enhance processes and systems to pro-actively assess key financial levers, e.g. volume, inventory levels and cost control
• Ensure proper accounting of expenses, as well as proper revenue recognition.
• Oversee internal controls within the plant; ensure Sarbanes Oxley compliance within the business unit.
• Be the “financial “conscience” for the business, ensuring integrity of the systems, as well as appropriate allocation of expenses/revenue.
• Ensure financial review of all major contracts prior to signing, including terms, short-term and long-term profitability, and any potential exposure to the Company and recommended deletions, changes, or additions to the contract.
• Design and implement appropriate financial and operational reporting.
• Determine appropriate tracking mechanisms for cost savings and contract compliance.

Education Degree

Required Experience

• 10 + years finance and/or accounting experience, which must include:
• Strong Cost Accounting experience including absorption analysis, overhead allocation and variance cap.
• Financial reporting and analysis, developing metrics experience required.
• Strategy development / strategic planning experience.
• Experience directly managing finance processes.
• Prior responsibility of overseeing internal controls for a business; working knowledge of Sarbanes Oxley requirements.
• Strong resolution and problem solving skills.
• Strong analytical skills and business acumen.
• Advanced Excel, Access, Word and PowerPoint skills.
• Manufacturing and Operations accounting knowledge.

Preferred Experience

• Oracle experience a plus.

Skills

• Highly proficient in analyzing activities, interpreting financial / operating results, and identifying and implementing corrective actions.
• Expert knowledge of accounting theory and application of financial and accounting principles.
• Highly experienced in computer modeling and financial forecasting. Must have very strong spreadsheet and modeling skills. Highly proficient in use of financial analysis software.
• Excellent interpersonal, organizational, written and oral communication skills are required.
• Must be able to manage and prioritize competing tasks in a time sensitive environment.
• Must be able to identify, understand, and accurately account for differences in generally accepted accounting principles across complex international operations.
• Project management skills needed
• Ability to influence business partners

What we offer

The opportunity to join a company that will invest in you for the long-term. STERIS couldn't be where it is today without our incredible people. That's why we share in our success together by rewarding you for your hard work. Hiring people who are in it for the long run with STERIS is our ultimate goal. We do this by providing competitive salaries, healthcare benefits, tuition assistance, paid-time off, holidays, matching 401(k), annual merit, and incentive plan s . Join us and help write our next chapter.

#LI-SA2 #ZRSA-1

STERIS is a leading global provider of products and services that support patient care with an emphasis on infection prevention. WE HELP OUR CUSTOMERS CREATE A HEALTHIER AND SAFER WORLD by providing innovative healthcare, life sciences and dental products and services. STERIS is a $5 billion, publicly traded (NYSE: STE) company with approximately 17,000 associates and Customers in more than 100 countries.

If you need assistance completing the application process, please call View phone number on us.edajobs.com. This contact information is for accommodation inquiries only and cannot be used to check application status.

STERIS is an Equal Opportunity Employer. We are committed to equal employment opportunity and the use of affirmative action programs to ensure that persons are recruited, hired, trained, transferred and promoted in all job groups regardless of race, color, religion, age, disability, national origin, citizenship status, military or veteran status, sex (including pregnancy, childbirth and related medical conditions), sexual orientation, gender identity, genetic information, and any other category protected by federal, state or local law. We are not only committed to this policy by our status as a federal government contractor, but also we are strongly bound by the principle of equal employment opportunity.

The full affirmative action program, absent the data metrics required by § 60-741.44(k), shall be available to all employees and applicants for employment for inspection upon request. The program may be obtained at your location's HR Office during normal business hours.