Plant Controller

Job Description

Eaton’s Aerospace Group is currently seeking a Plant Controller to join our team. This position is based at our Bethel, CT location. Relocation assistance will be provided.


Position Overview:

A key member of the plant leadership team and business unit/division finance team.  The position reports directly to the Aerospace Fluid & Electrical Distribution Division Finance Director and functionally to the Bethel Plant Manager.  This role is instrumental to manage financial performance of the Bethel Plant business including analysis of forecasts and actual performance, business drivers, and operational metrics. 

 

This role will develop forward-looking insights to drive management decisions, actions and improve operational and financial results.  The Plant Controller provides proactive leadership around issues and opportunities.  The individual will need to drive short term actions to achieve current results while supporting the deployment of progressive strategies which result in a sustainable competitive advantage and strong financial return on investment.  The Plant Controller provides technical competency to ensure compliance with corporate financial policies, legal requirements and GAAP.  This individual is responsible for business process improvements within the plant, creating and implementing procedures to improve the internal control environment, streamlining efforts and providing increased transparency of financial results.  This position is responsible for building organizational capability within the finance function by hiring and developing finance personnel.  The position also ensures assets assigned by the corporation are adequately protected and provide operations management with financial guidance necessary to produce the expected return on those assets.

 

Making what matters work at Eaton takes the passion of every employee around the world. We create an environment where creativity, invention and discovery become reality, each and every day. It’s where bold, bright professionals like you can reach your full potential—and where you can help us reach ours.


In this function you will:
  • Plan, coordinate and direct the financial functions of the Bethel business located in the Bethel plant.  Develop and coordinate plant profit plans, strategic plans, monthly forecasts, goals & objectives, financial reconciliations, reports and analysis for plant management, including variance analysis, budget reporting, cost control reporting and key metric updates with recommendations for improvement
  • Advise and counsel plant manager and plant leadership staff on financial implications of operating strategies, cost control actions and decisions.  Daily leadership and participation in Tier meetings that support meeting both short and long term objectives.  Support the Bethel Plant Manager and Leadership Team for Bethel as a business partner, providing financial analysis and advice to management teams.
  • Manage, analyze, evaluate and interpret plant financial forecasts and operating results.  Inform management of results and recommend corrective actions to address unfavorable variances.
  • Review, analyze and evaluate financial data and information for accuracy, consistency and transparency.  Maintain integrity of financial reports prepared by the plant.
  • Interpret, implement and monitor corporate policies and procedures, ensure financials are reported in compliance with generally accepted accounting principles.
  • Develop and implement budgeting and financial reporting systems to provide timely and relevant information to plant, region/division, and corporate management and cost control. Control and maintain adequate product costing systems for valuation and cost estimating activities.
  • Ownership of account reconciliation process to maintain integrity of plant general ledger and its supporting sub-systems.  Assess adequacy of reserves and overall financial reporting.  Ensure adequate training and oversight is provided to all finance personnel to ensure account reconciliations meet Eaton’s requirements.  Provide leadership and support for the Balance Sheet Review process.
  • Establish, monitor and maintain a system of internal controls that safeguards company asset and provides for integrity and propriety of financial transactions and activities. Compliance with corporate policy, including SOX requirements.
  • Evaluate and approve plant capital appropriation requests prior to Division and Aerospace Group management approval.  Monitor and report purchase commitments and spending for all capital programs.  Conduct follow-up audits to ensure compliance for all significant capital investments.                      
  • Manage hiring, training and development of plant financial staff.  Establish a work environment that encourages individual career development and growth in order to provide adequate and qualified financial professionals opportunity for advancement.                                                                 
  • Manages the deployment of cost saving and other programs to provide operating economies and improve profitability.  Monitors and provides opportunities to support continuously improving Plant Productivity / Gross Utilization/Flex Productivity.  Support other Operations initiatives including EBE, MESH, ELSS and other BPI efforts.
  • Ensures that the appropriate plant quality policy and system are thoroughly implemented in the finance function.  Ensure all finance responsibilities are defined and communicated throughout the plant with specific responsibilities and appropriate timing.  Ensures the deployment of finance standard work.
  • Provide leadership to ensure adequate cost accounting processes are in place, including standard cost updates, physical inventory verification, periodic cycle counts, etc.
  • Support the development of government rates and ensure compliance with specific government accounting standards, as applicable including the development of Disclosure Statements, FPRs (as applicable).
  • Lead ad hoc projects as required including appropriate ERP implementations and system upgrades, business development initiatives such as new business opportunities. Financial review of development contracts and appropriate 81-1 revenue recognition. Project accounting for various types of funded and unfunded engineering programs.
  • Manage the accounting and finance team to streamline the transaction processing, transfer of best practices, and optimize the organization.
  • Support the Corporate, Sector & Group Teams as required to ensure Group, statutory, and fiscal accounts are prepared timely and accurately in compliance with US GAAP, SOX, corporate guidance, legal, and fiscal regulations.
  • Support Commercial analysis and activities with both suppliers and customers; this includes project Gate Reviews, preparation of New Business Review (NBR’s), analysis of business growth opportunities, analysis of supplier/customer cost out initiatives, supplier selection, assessment of supplier LTA’s, make/buy analysis, customer cost out expectations, and pricing. 
  • Support Lean activities to ensure optimum efficiencies are achieved, cost out opportunities identified, and financial impact accurately recorded.
 

When we embrace the different ideas, perspectives and backgrounds that make each of us unique, we — as individuals and as a company — are stronger.


Qualifications

Required (Basic) Qualifications:
  • Bachelor’s degree in Finance and/or Accounting
  • Minimum five (5) years of professional accounting and/or finance experience
  • Must be legally authorized to work in the US without company sponsorship
  • This position requires use of information or access to hardware which is subject to the International Traffic in Arms Regulations (ITAR). All applicants must be U.S. persons within the meaning of ITAR. ITAR defines a U.S. person as a U.S. Citizen, U.S. Permanent Resident (i.e. 'Green Card Holder'), Political Asylee, or Refugee.
 
Preferred qualifications:
 
  • CPA, CMA and/or MBA
  • Experience in a manufacturing environment and multinational environment
 
Position Criteria:
 
  • Sound working knowledge of GAAP and Sarbanes Oxley
  • Knowledge & understanding of Corporate, Region/Division and plant reporting policies
  • Technical capability to prepare, analyze and interpret financial and operational data/reports
  • Superior analytical and thinking skills; Intellectual rigor and curiosity; problem-solving capability
 

We are committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job-related reasons regardless of an applicant's race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, marital status, genetic information, protected veteran status, or any other status protected by law.


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We make what matters work. Everywhere you look—from the technology and machinery that surrounds us, to the critical services and infrastructure that we depend on every day—you’ll find one thing in common. It all relies on power. That’s why Eaton is dedicated to improving people’s lives and the environment with power management technologies that are more reliable, efficient, safe and sustainable. Because this is what matters. We are confident we can deliver on this promise because of the attributes that our employees embody. We’re ethical, passionate, accountable, efficient, transparent and we’re committed to learning. These values enable us to tackle some of the toughest challenges on the planet, never losing sight of what matters.

Job: Finance/Accounting

Region: North America – US/Puerto Rico
Organization: AER FED Fluid Electrical Distribution

Job Level: Manager
Schedule: Full-time
Is remote work (i.e. working from home or another Eaton facility) allowed for this position?: No
Does this position offer relocation?: Relocation from within United States and / or Puerto Rico
Travel: Yes, 10 % of the Time