The Role:

The Plant Controller provides strategic and financial decision support. The Controller is a key business partner to the Plant Manager, and other personnel in the Plant. The Controller’s priorities are to help maintain the manufacturing facility cost accounting requirements and provide operational/cost accounting analysis to support operations and the broader supply chain organization. The Controller’s activities include, but are not limited to, long term strategic planning, budgeting and forecasting, periodic reporting and analysis, ROI/investment analysis, process improvement and standardization projects.
• This position reports to the Senior Finance Manager of MS Asia and will also have an indirect (dotted-line) reporting relationship to the Jangan Plant Controller who is representative Korea Plant Controller.

In this role you will:

What are the expected outcomes? What must this role get done in order to meet your business objectives? Define “what success will look like.”

1. Decision Support/Project Support

• Works with plant operations to identify optimal cost, assists operating managers with new product or alternate production feasibility studies, assists in capital spending evaluations, and acts as a financial advisor to the plant management team.
• Provides performance analysis of the plant results which directs management identifying opportunities for improvement and corrective actions if required.
• Participates in BU meetings and communicates strategies to ensure alignment with Plant Operations.
• Participate in Plant Capital Review to check feasibility and validity of capital requests from a business and financial point of view.
• Support to prepare and review the financial justification of capital requests.
• Provides cost analysis support for cost reduction opportunities in the plant operations and supply chain management.
• Perform Post Investment Review on major capital spending to validate that actual results are in line with original plans.
• Provides financial education and guidance to non-financial personnel in plant operations and BU as appropriate.

2. Plant Planning/Budgeting/Forecasting

• Lead and provide support for the annual planning and quarterly forecasting process for the plant operations, relating to development of manufacturing volumes and operating rates, cost center budgets, BU allocations, inventory levels and capital spending requirements.
• Ensures the Plant’s financial analysis, plans and forecasts are aligned with Plant goals and initiatives.
• Communicates the Plant budget and forecast to the appropriate personnel.
• Required to forecast planned plant production variable and fixed costs are aligned with the sales projections and target model margin expectations. If not aligned, communication of cost reduction plans or increases in operation capacity to the Divisional Controller and Director of Operations should occur prior to the period beginning.

3. Costing Standards

• Works with Corporate Cost Accounting to develop company-wide cost accounting systems and procedures.
• Makes sure of consistency on the plant’s cost accounting systems and cost roll process with HQ and other plants following corporate policies and procedures.
• Helps more frequent standard cost roll and actual costing in SAP to have and see the costs with updated conditions.
• Establishes standard costs for new materials and monitors the change in master data as bills of material, routings, Costing Lot Size and components’ purchase cost, etc. through review and/or approval process.
• Establishes and communicates standard manufacturing overhead/work center rates as necessary and monitors actual rates monthly.
• Partnering with plant operations in master data update to be consistent with HQ and other plants.

4. Financial Close Process (Monthly, Quarterly, Year-end)

• Completes month-end and year-end manufacturing cost accounting close, including inventory reconciliation (raw materials, semi finished goods, finished goods and WIP), profit center gross margin and variance analyses, cost center analyses, utilization calculation, and work center rate calculations.
• Provides monthly reports/metrics to plant management.
• Participates in year-end audit and annual report processes by preparing inventory and cost schedules

5. Reporting, Analysis and Data support for Operations

• Works with Finance and IT to manage profit center and cost center structures.
• Demonstrates an advanced skill level in the use of financial and management reporting systems.
• Implements reporting system changes / improvements in Plant reporting.
• Supports corporate initiatives to standardize plant performance metrics.
• Uses SAP system/BW/BO as standard tools for reporting and analysis to a maximum extent.
• Prepares and presents cost accounting reports and/or analyses on a monthly basis.
• Assists plant management in understanding variances between standard and actual costs.
• Provides report and analysis with forward-looking view for feed-forward management on spending, headcount and capital investment.
• Provides analysis of warranty issues and potentially obsolete inventories, works with plant and business personnel to address issues, and recommends warranty and inventory obsolescence reserve levels.
• Conducts quarterly reviews with product managers of profit center gross margin results.
• Provides guidance to Plant Financial Analyst/Cost Accountant to conduct reporting and analysis on Plant Metrics and Plant Financials to assist PDCA cycle management of the plant operations.

Your success will be measured by:

Success for the role is not defined solely on the outcome of a project but rather a combination of the results and how these results were achieved. Describe the PACE value competencies that are required.
• A good team player with effective communication skills and works closely with cross-functional teams
• Analytical, attentive to details, takes initiatives, self-motivated and with the ability to work independently
• Assertive, creative and ready to work in a changing environment
• A dedication to excellence by being proactive with tasks to keep processes going and a willingness to perform whatever task is needed
• Assigns responsibilities and accountabilities to direct reports
• Provides employee recognition, training and feedback
• Adheres to Company policies, procedures and applicable budget requirements
• Conducts timely employee performance reviews

Qualifications (Education, Training, Experience, Knowledge, Skills, Physical Requirements):

Knowledge, Skills and Abilities:
• Finance reporting systems and Generally Accepted Accounting Principles (GAAP)
• Accounting skills
• Strategic Thinking with understanding on how the dynamics of outside of the plant will be affecting to inside of the plant
• Lean Accounting, A3 Thinking/A3 Report
• Coaching skill, Facilitation skill
• Logical Thinking, Mathematical skills
• Part and product knowledge
• Ability to utilize Finance Costing and Inventory Modules of SAP system
• Ability to utilize data/information (process defect/scrap, etc.) from SPC/Camline system
• Ability to utilize advanced functionality of Excel
• Personal organization
• Communication skill
• Time management
• Teamwork
• Language skill: English - Fluent, Korean - Fluent

Education/Experience:

• Required Education: Bachelor’s Degree in Accounting
• Required Experience: 7 years experience working with company-wide ERP systems (SAP, JDEdwards, PeopleSoft, etc.) in a manufacturing environment/cost function. A minimum of one year of supervisory experience.
• A minimum of 5 years of Manufacturing company experience of plant finance/planning/business finance

Additional Work Requirements/Factors:

Travel: Ability to travel primarily within assigned region but occasionally globally up to 5%.