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.