Controller

Our client is a service-oriented wholesale tire distributor, serving the Southeast since 1984. They strive to provide reliable and dependable service to their customers from their distribution centers in Columbia, Greenville, and Dillon, SC. They are privileged to have a deeply committed and experienced sales and service staff. They work hard to assure their loyal customers that their needs will be met as efficiently and competently as possible. The foundation of their family-owned and operated business is their deep commitment to their customers and appreciation for their continued patronage.

The Controller will report directly to the President and is responsible for overseeing all financial activities, ensuring accurate financial reporting, and maintaining robust internal controls. This role is crucial in supporting the company’s financial health and strategic planning efforts.

Key Responsibilities

• Financial Reporting: Prepare and present financial statements, ensure compliance with accounting standards, and oversee month-end and year-end closing processes.
• Budgeting and Forecasting: Develop annual budgets, monitor and update forecasts, and analyze variances between actuals and budget.
• Cash Flow Management: Monitor cash flow, manage working capital, and optimize cash reserves.
• Internal Controls: Implement and maintain internal controls, conduct regular audits, and ensure compliance with financial policies.
• Inventory Management: Oversee inventory accounting, coordinate operations for inventory accuracy, and manage inventory valuation.
• Financial Analysis: Conduct financial analysis for decision-making, provide insights on cost control and profitability, and support strategic planning.
• Team Leadership: Lead and develop the finance team, conduct performance reviews, and provide training and mentorship.

Qualifications

• Bachelor’s degree in Accounting, Finance, or a related field; CPA or CMA preferred.
• Minimum of 5-7 years of experience in a similar role, preferably in the wholesale or distribution industry.
• Strong knowledge of accounting principles and financial regulations.
• Excellent analytical, problem-solving, and decision-making skills.
• Proficiency in financial software and Microsoft Office Suite.
• Strong leadership and team management abilities.
• Excellent communication and interpersonal skills.

Performance Measurements

• Financial Reporting: The Controller should achieve a 98% accuracy rate in financial reports, ensure 100% on-time submission of reports, and maintain no major findings in annual compliance audits.
• Budgeting and Forecasting: The goal is to keep budget variance within 5%, achieve 90% accuracy in quarterly forecasts, and complete the annual budget by the end of Q4.
• Cash Flow Management: The Controller should maintain 95% accuracy in cash flow forecasts, keep Days Sales Outstanding (DSO) under 45 days, and maintain Days Payable Outstanding (DPO) under 30 days.
• Internal Controls: The aim is to limit control deficiencies to less than 3 minor issues per year, ensure no significant findings in internal audits, and achieve 100% compliance with financial policies.
• Inventory Management: The Controller should achieve an inventory turnover ratio of 6 times per year, maintain 98% accuracy in inventory counts, and keep the shrinkage rate below 1%.
• Financial Analysis: The Controller should provide at least 10 actionable insights per quarter, achieve annual cost savings of at least 5%, and improve profit margins by 2% annually.
• Team Leadership: The Controller should achieve an average employee satisfaction score of 4.5 out of 5, increase team productivity by 10% annually, and maintain a staff retention rate of 90%.

Benefits

• Competitive salary and performance-based bonuses.
• Paid Holidays and PTO.
• Health, dental, and vision insurance, 401(k).
• Professional development opportunities.

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