Corporate Controller

Do you crave the freedom to grow and learn in your work environment with other upbeat career professionals? Global Widget is a leading U.S. based contract manufacturer specializing in premium vitamins, minerals and functional gummy supplements for national brands and private label customers.

How do we achieve that goal? Through collaboration with a close-knit group of individuals, ranging from engineers and accountants to marketing creatives and customer support specialists.

This is an opportunity to join a company with agility of entrepreneurial organization, the capabilities of a world-class manufacturer, and a leadership team committed to building one of the premier health and wellness manufacturing companies. 

Become part of the Global Widget team and enjoy unique perks and benefits:

• Health, vision and dental benefits
• Short-term, long-term and life insurance benefits
• 401k with match
• Paid time off
• Casual dress code
• Team building events
• Continuous opportunities for advancement
• Samples of premium products

Job Title: Corporate Controller

Department: Finance

Reports to: Owner

Position Summary/Objective

The Corporate Controller owns the accounting function for Global Widget, a contract manufacturer with multi-brand e-commerce operations. The role is hands-on: it runs the close, owns the general ledger and financial statements, and is the primary source of financial insight for ownership and operations.

Financial Reporting & Accounting

• Responsible for providing executive level analysis, financial guidance and executing judgment on items that may materially impact the financial performance of the business.
• Own all aspects of the general ledger, including accurate and timely preparation of financial statements and other related documents.
• Prepare monthly, quarterly and year-end financial statements in accordance with GAAP; own the month-end close calendar, account reconciliations (bank, credit card, balance sheet) and supporting schedules.
• Create consolidating and consolidated financial statements across entities and brands.
• Responsible for technical accounting research and implementation of new accounting standards and application of US GAAP.
• Deliver a monthly financial package and KPI dashboard to ownership covering revenue by brand and channel, gross margin, operating expenses, cash position and working capital.
• Pro-actively provide visibility into financial performance (both leading & lagging) to operations to drive accountability for results and provide the framework for empowerment.

Cost Accounting & Inventory

• Own cost accounting for contract manufacturing: manufacturing order costing, standard costs, bill-of-material and yield variances, and cost of goods sold.
• Maintain inventory accounting and controls, including valuation, physical count and cycle count procedures, reserves for obsolete or slow-moving stock, and reconciliation of inventory to the general ledger.
• Report gross margin by customer, brand, product and channel; support pricing and customer quoting with cost and margin analysis.
• Perform break-even, contribution margin and production capacity analysis to inform operating and growth decisions.

Transactions & Working Capital

• Oversee Accounts Payable and payroll processes, including vendor setup, approval workflows, payment runs and year-end 1099 reporting.
• Oversee Accounts Receivable: customer credit terms, invoicing, collections, aging review, credit memo and write-off policy, and escalation of past-due accounts.
• Own sales commission calculation and reconciliation, ensuring payouts tie to collected invoices and reconcile to the accounting system.
• Reconcile e-commerce and marketplace sales, payment processor settlements and shipping data to recorded revenue across all brands.
• Manage cash: weekly cash flow forecasting, bank relationships, and monitoring of receipts, disbursements and working capital.

Planning, Compliance & Systems

• Lead Global Widget's budgeting, forecasting and long-range planning processes, including the preparation and presentations.
• Coordinate with external auditors for the year-end audit.
• Coordinate with external CPA firm for preparation of tax returns; manage sales and use tax filings, business licenses and other recurring compliance.
• Respond to information and due-diligence requests from banks, lenders, insurers, auditors and outside counsel.
• Design, document and enforce internal controls, approval workflows, segregation of duties and written accounting procedures.
• Ability to lead the accounting portion of a new process manufacturing and accounting software program; own data integrity in the accounting system (currently QuickBooks) and its integrations.
• Provide support for corporate partnering and transactions and other projects that arise.
• Assist in all strategic private capital raises.

Team Leadership

• Lead, develop and hold accountable the finance team across Accounts Payable, Accounts Receivable, payroll and staff accounting.
• Set priorities, cross-train the team and document procedures so the function runs without single points of failure.

Required Education and Experience

• BA/BS/MS/MBA in Finance or Accounting;
• CPA certified is preferred but not required
• 10+ years of progressive experience in finance/accounting functions
• Experience in manufacturing, contract manufacturing or consumer products, including cost accounting and inventory; e-commerce or multi-brand experience preferred
• Experience working in the private sector; start-up company experience preferred
• Experience implementing accounting software packages and related systems and developing reporting capabilities
• Experience building and managing high-performing teams
• Proven ability to build strong partnerships across the organization; ability to work collaboratively with a team-oriented environment
• Clear and effective verbal and written communication skills
• A demonstrated ability to think logically and critically
• PC and MS Office proficiency, excellent MS Excel skills required
• Experience with QuickBooks and SAP Business One preferred
• Management experience preferred

Physical Requirements:

• Prolonged periods of sitting at a desk and working on a computer.
• Must be able to lift up to 15 pounds at times.

This job description does not list all the duties of the job. You may be asked by Supervisors or Managers to perform other duties. Global Widget has the right to revise this job description at any time. The job description is not a contract for employment or change the employment at will relationship.