Controller

Job Description

Job Description

Department: Finance

Reports to: VP of Finance
Location: HQ Superior, CO

Salary Range : $120,000 - $160,000

NOTE: This is not a position for which sponsorship will be provided. Individuals with temporary visas such as E, F-1(including those with OPT or CPT), H-1, H-2, L-1, B, J or TN, or who need sponsorship for work authorization now or in the future, are not eligible for hire.

POSITION SUMMARY

The Controller is responsible for leading all accounting operations and ensuring the integrity, accuracy, and timeliness of the Company's financial reporting. This position oversees general accounting, financial reporting, budgeting support, internal controls, treasury activities, audit coordination, tax compliance, and ERP financial processes. The Controller serves as a strategic business partner to executive leadership, providing financial insight that supports operational and business decisions while ensuring compliance with U.S. GAAP and regulatory requirements.

This role is ideal for an experienced accounting leader who thrives in a fast-paced manufacturing environment with global operations.

KEY RESPONSIBILITIES

Financial Reporting & Accounting

• Lead all day-to-day accounting operations including General Ledger, Accounts Payable, Accounts Receivable, Payroll accounting, Fixed Assets, Inventory accounting, and Cost Accounting.
• Manage monthly, quarterly, and annual financial close processes.
• Prepare accurate financial statements in accordance with U.S. GAAP.
• Review account reconciliations and ensure timely resolution of discrepancies.
• Maintain accounting policies and procedures.

Cost & Manufacturing Accounting

• Oversee standard costing, inventory valuation, and manufacturing cost accounting.
• Analyze labor, overhead, and material variances.
• Support inventory cycle counts and annual physical inventories.
• Partner with Operations to improve manufacturing profitability.

Internal Controls & Compliance

• Develop and maintain strong internal controls.
• Ensure compliance with accounting standards and company policies.
• Coordinate annual external financial audits.
• Manage tax filings through outside tax advisors.
• Maintain documentation supporting financial controls.

Cash Management

• Monitor cash flow and liquidity.
• Manage banking relationships.
• Oversee treasury activities and working capital.
• Support capital expenditure planning.

Leadership

• Lead and mentor the accounting team.
• Establish department goals and performance expectations.
• Improve accounting processes through automation and continuous improvement.
• Support ERP optimization and financial system enhancements.

Business Partnership

• Collaborate with Operations, Engineering, Sales, HR, and Supply Chain.
• Analyze financial performance against budgets and prior year.
• Assist executive leadership with annual budgeting and forecasting.
• Assist with special projects.

MINIMUM QUALIFICATIONS

• Bachelor's degree in Accounting or Finance
• Eight years of progressive accounting experience
• Three years’ experience in a Controller or Accounting Manager leadership role
• Manufacturing industry experience required
• Strong knowledge of:
  • U.S. GAAP
  • Cost accounting
  • Inventory accounting
  • Internal controls
  • Financial reporting
• Experience leading audits
• Advanced Excel skills
• Experience with ERP systems (NetSuite preferred)
• Excellent analytical, organizational, and communication skills

Preferred Qualifications

• CPA strongly preferred
• Multi-entity accounting experience
• International accounting exposure
• Experience supporting global operations
• Experience with ERP implementations or system upgrades
• Power BI or financial reporting dashboard experience

ABOUT US

Magswitch is a global leader in magnetic lifting solutions. We design and manufacture advanced magnet technologies that help industrial and automation customers improve material‑handling safety and efficiency. Our products are widely used in automotive assembly and other automation heavy industries with manufacturing operations worldwide.

Compensation and Benefits

We offer a highly competitive compensation package designed to support your health, well-being, and financial security. Our comprehensive benefits include:

• Medical, dental, and vision insurance
• Retirement plan with 401(k) matching
• Paid time off
• Paid leave programs
• Health Savings Account (HSA)
• Flexible Spending Account (FSA)
• Basic and Voluntary Life insurance
• Short- and Long-term disability insurance
• Employee Assistance Program (EAP)
• Employee referral program
• Tuition reimbursement

In accordance with Colorado law, the salary range disclosed for this role represents a good-faith estimate of the base compensation. Actual compensation will be based on factors such as experience, skills, and qualifications.

Magswitch is an equal opportunity employer and is committed to providing equal employment opportunities to all employees and applicants without regard to race, color, religion, sex, national origin, age, disability, genetic information, or any other protected characteristic. We comply with all applicable federal, state, and local nondiscrimination laws in every location where we operate. This policy applies to all aspects of employment, including recruitment, hiring, placement, promotion, compensation, benefits, training, and termination.