Controller at TB Wood's in Chambersburg, Pennsylvania

Posted in Other 7 days ago.

Job Description:

Altra Industrial Motion is a leading global designer and manufacturer of quality power transmission and motion control products utilized on a wide variety of industrial drivetrain applications.

Founded in 1857, TB Wood's has grown to become a global leader in the design and manufacturer of industrial couplings and belted drive solutions. TB Wood's foundry operations are capable of producing gray and ductile iron parts up to 10,000 lbs. per cast part. Reliable TB Wood's products are utilized in many key markets including food & beverage, energy, wastewater, concrete, metals, pulp & paper and material handling on applications such as conveyor systems, rolling mills, pumps, compressors, palletizers, de-barkers, printing equipment, fans & blowers, machine tools, and mixers. Learn more information at

The Controller is responsible for oversight and implementation of all financial and accounting functions for the TB Wood's business, which includes the following locations: Chambersburg, PA; Sparks, NV; Houston, TX; Edmonton, AB; Mississauga, ON; and Montreal, QC. In addition, the Controller will also support the San Luis Potosi (SLP) and Mexico City, Mexico manufacturing and warehousing operations.

The Controller position functions primarily as a business partner but is also required to be hands-on and highly interactive with operations leadership as well as with Altra corporate finance and external audit firms. The position requires an attitude and emphasis on providing excellent customer service and expertise to the business.

Essential Duties and Responsibilities
  • Responsible for providing daily analytical support, cost analysis, and key business-decision activities to manufacturing and management. Direct the finance and accounting function (in accordance with GAAP guidelines) to include personnel, budgets, and continuous improvement initiatives within the department and the TB Wood's business.
  • Provide strategic reporting and business analysis for manufacturing operations. Develop and review actual performance against the integrated operational plans for the facilities, both short and long range, based on strategic and operational objectives, and provide reliable and relevant information to management as a basis for decision making. Such information includes but is not limited to: manpower, facilities and equipment, material resources, cash and capital requirements, inventory levels, expense budgets, sales and earnings, return on investment.
  • Establish and maintain the organization's accounting principles, practices, procedures, and initiatives in accordance with generally accepted accounting principles and SOX.
  • Identify opportunities to drive cost reduction across all factory and product cost pools (materials, labor, variable & fixed expenses, capital and inventory). Apply improvements to reporting and analysis and create new metrics as needed.
  • Participate and contribute as a member of the TB Wood's leadership team with decision making, policy development, business planning, and plant functions or presentations. Communicate insights and make recommendations in support of budget, strategic planning and forecasting processes.
  • Prepare content and participate in monthly corporate financial business reviews.
  • Interpret, prepare, analyze and review all financial statements and all statistical and operational records and reports; publish appropriate utilization reports; and assist management in determining effective operational control. Ensure timely, accurate submission of all corporate reporting requirements, to include but not limited to financial information to internal and external auditors, corporate finance, and division leadership.
  • Ensure standard costs are accurate and overhead allocation methodologies support the business structure.
  • Prepare monthly financial results and monthly financial analysis for the TB Wood's businesses (monthly closing journals, reconciliations, loading of Hyperion and/or Tagetik, financial statement preparation) and other reports that summarize and forecast Company business activity and financial position in areas of income, expenses, and earnings based on past, present, and expected operations.
  • Perform monthly evaluations of financial performance and identification of cost over-runs or cost reduction opportunities including product costing, department budgets and inventory value.
  • Lead and prepare the annual budget for all TB Wood's locations and support the budget process for the Mexico facilities.
  • Evaluate and approve all requests for appropriation of capital and major expenditures
  • Support and conduct costing and reconciliation of all physical inventories, and other inventory input and output transactions to ensure accuracy of perpetual inventory records.
  • Advise management on desirable operational adjustments due to tax code revisions as well as insurance coverage for protection against property losses and potential liabilities, including determine depreciation rates to apply to capital assets.

The company in which you have expressed employment interest is a subsidiary or affiliate of Altra Industrial Motion Corp. The subsidiary or affiliate is referred to as an ""Altra Company."" Altra Industrial Motion Corp. and all Altra Companies are equal opportunity employers that evaluate qualified applicants without regard to race, color, national origin, religion, sex, age, marital status, disability, veteran status, sexual orientation, gender identity or expression, or other characteristics protected by law. The ""EEO is the Law"" poster is available at: Individuals who need a reasonable accommodation because of a disability for any part of the employment process will have the opportunity to request accommodation during the application process.

Job Requirements
Critical Competencies

  • Demonstrated leadership skills that promote teamwork, maximize employee engagement, and develop employees to fulfill their highest potential.
  • Demonstrated competency and ability to effectively manage and present on both financial and non-financial subjects and responsibilities, such as analysis of sales reports for margins, production data for freight, inventory, scrap, etc.
  • Strong knowledge and application of standard accounting activities, such as journal entry preparation and posting, account reconciliations and analysis, preparation and analysis of financial statements, and application of accounting policies.
  • Broad, up-to-date knowledge of and ability to research GAAP and related guidance
  • Intermediate to advanced proficiency in Microsoft Office software applications, including Excel. Experience in SAP, Man/Man, Hyperion and/or Tagetik is preferred.
  • Result-oriented with a demonstrated ability to effectively manage time and multiple priorities. Highly productive with a strong sense of urgency and orientation to details, accuracy, and excellent outcomes
  • Strong interpersonal and conflict management skills which fosters teamwork and collaboration and develops high quality working relationships in order to influence, gain support, and achieve results.
  • Demonstrated continuous improvement mindset and an advocate for change. Exposure to lean manufacturing principles is a plus.
  • Demonstrated flexibility and willingness to adapt to internal processes and change, delays or unexpected events.
  • Strong work ethic, including the ability to be self-directed and self-motivated. Models professionalism, passion, and initiative with projects and tasks.
  • Demonstrated problem solving and critical thinking skills with a continuous improvement mindset
  • Excellent verbal and written communication skills.
  • Demonstrated ability to maintain confidentiality and handle proprietary and sensitive information with integrity.
  • Willing and able to occasionally travel domestically to other Altra sites in North America, as well as attendance at off-site meetings/events and professional development conferences or seminars.
  • Willing and able to work extended hours as required, including holidays and weekends.

Education and Experience Requirements
  • Bachelor's degree in a business-related discipline required. Accounting or Finance preferred.
  • Advanced degree is preferred.
  • CPA license is a plus.
  • Minimum of 5 years of experience in a variety of Accounting functions, including a strong background in cost accounting.
  • A minimum of 2 years of previous managerial experience is desired.
  • Prior experience working in a public company dealing with SOX compliance and/or in a manufacturing plant environment is desired.

Potential physical demands include but are not limited to: frequent sitting and occasional bending and stooping. Potential sensory demands include but are not limited to: hearing and seeing. Must be able to work in a typical manufacturing facility and travel domestically to customer and/or supplier facilities which could involve walking, climbing and moving around working equipment.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.


Majority of time is spent in an office environment, with frequent time spent in a manufacturing production environment locally. Personal protective safety equipment must be worn, and proper safety precautions must be observed. Potential exposure may include, but is not limited to: solvents, dusts, paint, noise, heat, cold.