Business Segment Controller at Ametek, Inc.

Souderton, Pennsylvania, United States -

Full Time

Start Date

Immediate

Expiry Date

05 Feb, 26

Salary

0.0

Posted On

07 Nov, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Financial Reporting, Cost Analysis, Risk Assessment, Budgeting, Forecasting, Variance Analysis, Internal Controls, Financial Planning, Process Improvement, Team Management, Audits, IT Strategy, GAAP Compliance, SOX Compliance, Manufacturing Accounting, Financial Analysis

Industry

Manufacturing

Description

Title: Business Segment Controller About Us: Join AMETEK Amplifier Research, a leader in amplifiers and EMC testing equipment, where we offer a diverse portfolio that includes RF and microwave instrumentation amplifiers, hybrid power amplifier modules, antennas, and advanced control software. As part of our team, you'll be at the forefront of innovation, setting new industry standards and working on groundbreaking projects. Here, you'll not only advance your career but also make a significant impact on the future of technology. Job Summary: The Business Segment Controller drives improvement with profit performance, balance sheet strength, working capital and cash management through close collaboration with the leadership team and partnering with the local Engineering, Operations and Commercial teams. The role drives, manages and reports upon key business performance areas and indicators, manages local financial issues and provides insightful analysis of financial data to support management's decision-making processes business objective achievement. This role supports all business decision-making, develops and standardizes both the financial operating processes and business control environment, whilst ensuring strong adherence to US Generally Accepted Accounting Principles (GAAP). Reporting to both the DVP Finance/ BU Controller, CTS and the DVP Business Manager ARI, this role will contribute to the overall financial stability and success of the organization through careful collaboration with the local Commercial, Operational, Engineering and HR leadership team whilst managing the Senior Cost Accountant, Senior Financial Accountant and IT Technician. Key Responsibilities: Financial Reporting: Collaborating with both the Head of Financial Reporting, the Senior Financial Accountant and the local leadership team, support compliance with US GAAP standards. Assist and support in the preparation of monthly, quarterly and annual financial reports ensuring accuracy and compliance. Cost Analysis & Risk Assessment: Partnering with the Commercial, Engineering and Operations leadership team to drive careful margin analysis on contract bids and tenders ensuring strong contractual management of all P&L, Balance Sheet and cash management aspects/ risk. Conduct cost analysis for manufacturing and commercial activities, identifying areas for improvement and cost-saving opportunities. Budgeting and Forecasting: Prepare and monitor the operational budgets and forecasts for all aspects of the business. Provide accurate financial forecasts and support decision-making processes. Manage budgets and forecast future needs for capital expenditure, working capital and cash. Variance Analysis: Analyze and explain variances between actual financial results and budgeted/forecasted figures. Identify trends, risks, and opportunities, and provide recommendations for corrective actions. Internal Controls: Establish financial planning and budgeting procedures to ensure that the processes support the organization’s goals and objectives. Collaborate cross-functionally to optimize cost structure, enhance profitability and drive strong business process control as we execute contracts with our customers and suppliers. Support the implementation and maintenance of robust internal control procedures to ensure compliance with company policy and procedures and regulatory requirements and disclosures including Sarbanes-Oxley and all aspects of tax. This will be achieved through collaboration with the Head of Financial Reporting and the local Senior Financial Accountant. Financial Planning and Analysis: Assist in financial planning activities, including long-term strategic planning, investment analysis, and business case evaluations. Provide financial insights and recommendations to drive business growth and profitability. Process Improvement: Continuously identify opportunities to streamline financial processes, enhance efficiency and improve data accuracy. Collaborate with cross-functional teams to implement best practices and drive continuous improvement initiatives. Manage local Finance relationships with the business and manage the local team: Oversee all operational business activities from a Finance perspective including customer relationships to support cash collection, inventory management, Demo management, Service inventory, revenue recognition, risk assessment and CapEx projects. Build close partnerships with the Senior Cost Accountant, the Senior Financial Accountant and the IT Technician locally and all the Finance support team including AR collection, AP processing and cash/ bank processing based in Serbia and/ or Switzerland. Audits: Lead local Statutory and Internal audits and ensure support is coordinated across both the leadership and CTS Finance team. IT: Lead local IT strategy and support covering all hardware, software and infrastructure aspects. Align approach with the Head of Controlling, FP&A & IT for CTS. Full-time, senior management position with flexibility for off-hours work as required to support global operations. Less than 20% travel is expected for this position Minimum Qualifications: Bachelor’s degree in Finance, Accounting, Business Administration, or a related field is required A minimum of 5-7 years of progressive experience in finance and accounting roles, with strong experience within manufacturing environments Extensive experience in both cost and financial accounting, financial planning and analysis, and financial reporting within a manufacturing or industrial context Desired Qualifications: Certified Public Accountant (CPA) designation is strongly preferred Significant experience with SOX compliance, internal controls, and financial audits Proven track record of leading financial projects and initiatives that result in measurable improvements to financial processes and performance Experience in a multinational company or global manufacturing environment is highly desirable What’s in It for You: Competitive compensation, holiday pay, and paid time off Great benefits package that includes health, vision, and dental insurance 401(k), plus matching Flexible spending accounts (FSAs), health savings account (HSA) with AMETEK contribution, life insurance, disability insurance, and family medical leave Employee referral program Tuition reimbursement program Employee assistance program Exciting, fast-paced environment where you could make a true impact Opportunities for career advancement within our business unit and across all other AMETEK business entities Additional Details: This position is based in Souderton, Pennsylvania, a charming town that boasts a blend of small-town charm and modern amenities. Nestled in a picturesque setting, Souderton provides a welcoming community with local shops, parks, and cultural attractions. Enjoy the tranquility of scenic landscapes and explore the town's rich history. With a close-knit community and a variety of recreational opportunities, Souderton is the perfect place for those seeking a balance between a relaxed lifestyle and engaging local experiences. To learn more about our company and our job opportunities, visit us at: https://www.ametek.com/careers To learn more about the business unit you’ll be joining, visit us at: https://www.ar.ametek-cts.com/ #LI-JP3

Responsibilities

The Business Segment Controller drives improvement in profit performance and financial management through collaboration with various teams. This role involves managing financial reporting, cost analysis, budgeting, and ensuring compliance with accounting standards.