Precision Castparts Corp.

Plant Controller

Posted on: 13 Feb 2021

Cleveland, OH

Job Description

Company Profile

Precision Castparts Corp. (PCC) is a leading worldwide, diversified manufacturer of complex metal components and products. It serves the aerospace, power, and general industrial markets. PCC is the market leader in manufacturing large, complex structural investment castings, airfoil castings, and forged components used in jet aircraft engines and industrial gas turbines. The Company is also a leading producer of highly engineered, critical fasteners for aerospace and other general industrial markets, manufactures extruded seamless pipe, fittings, forgings, and clad products for power generation and oil & gas applications, and supplies metal alloys and other materials to the casting and forging industries. PCC is a high quality business with dominant positions in most segments of the markets in which it serves.

Headquartered in Portland, Oregon, this over 10 billion dollar company employs more than 29,500 people worldwide. PCC has over 160 plants and has a presence in twentysix states in the US and in over a dozen countries. PCC is relentless in its dedication to being a highquality, lowcost and ontime producer; delivering the highest value to its customers and shareholders while continually pursuing strategic, profitable growth.

Effective early February 2016, Berkshire Hathaway, led by chairman and CEO Warren E. Buffet, acquired Precision Castparts Corp.

Business Profile

WymanGordon is the premier forging company for the global aerospace and energy markets. Providing a specialized service, WymanGordon manufactures forged components from high grade titanium and nickel based alloys. Such components are used for jet engines, including fan disks, compressor disks, turbine disks, and shafts. We also produce titanium and steel forgings for airframes, including wing beams, wing boxes, door and window frames, as well as nacelle and landing gear components. WymanGordon also extrudes steel products for use in power plants and oil and gas industry applications. Our reputation, market position, and operational efficiency are reliant upon our demonstrated ability to continually improve.

Location Profile

Striving to meet today's design challenges, WymanGordon Cleveland utilizes advanced engineering software. Our experienced die designers and forging engineers work together with our customers to determine the best design required to costeffectively produce a specific part. For longer than 30 years, WymanGordon Cleveland has been manufacturing standard and custom metal closed die forging products for the Aerospace, Commercial, Medical, Transportation and Ordnance industries.

Position Summary

The Controller will be responsible for the overall financial management, SOX compliance & control and for protection of the assets for the group. This individual will maximize return on financial assets, achieving annual growth in revenue and EBIT targets through internal growth and additional market penetration opportunities.

Primary Duties & Responsibilities

* Manage the performance of the finance group and participate on the senior leadership team.
* Work closely with the business leaders to achieve financial commitments, proactively identify issues and create recovery plans, drive execution.
* Actively identify cost savings and process improvement opportunities throughout business.
* Maintain the accuracy and integrity of the operations financial statements, QOR and FQR schedules.
* Maintain an effective cost accounting system and financial reporting structure.
* Accountable for balance sheet including provision calculations and reconciliations.
* Provide leadership to strengthen the internal control environment and maintain SOX section 404 compliance for the business unit. Coordinate with internal and external auditors.
* Participate in any plant ERP implementation or upgrade.
* Prepare and review cap ex requests to comply with corporate guidelines for proper financial returns.
* Oversee operational policy controls and implementation as directed by corporate or division management.
* Prepare and review annual budget and forecast.
* Prepare and organize operational review materials including monthly and quarterly reporting and onsite visits.
* Administer systems and policies to effectively measure financial and operational performance.
* Report on financial status of business units to Division staff on a monthly, quarterly, and annual basis.
* Manage the monthly consolidation of financial results for division management prior to submitting the final version to corporate.
* Manage long and shortrange operational planning and performance measurement including, profit planning, sales forecasts, expense budgeting, asset utilization, cost standards, capital investing and labor tracking.
* Prepare specialized reports as needed by operations, division, and corporate management.

Experience & Education

* Prior acquisition experience due diligence, transitions, opening balance sheet, financial integration, etc. Excellent communication, planning and organization skills.
* B.S. degree required. MBA/CPA preferred.
* Experience with LIFO Accounting.
* Working knowledge of IT; ability to recommend changes and upgrades to meet the needs of the business.

Required Skills

* Minimum 10 years financial management experience in progressively responsible positions within, public, multisite/cultural manufacturing organizations with a demonstrated track record of accountability and achievement
* Strong skills and knowledge of accounting theory and application of financial principles (GAAP)
* Knowledge and experience managing financial operations in a multisite environment.
* Demonstrated track record of financial control and analysis within a complex manufacturing environment
* Working knowledge of IT; ability to recommend changes and upgrades to meet the needs of the business. Strong managerial presence that reflects a handson, participative, proactive operating style.

Desired Skills

see required skills

Precision Castparts Corp.

Portland, OR

Precision Castparts Corp. is a worldwide, diversified manufacturer of complex metal components and products. It serves the aerospace, power, and general industrial markets. PCC is the market leader in manufacturing large, complex structural investment castings, airfoil castings, forged components, aerostructures and highly engineered, critical fasteners for aerospace applications. In addition, the Company is the leading producer of airfoil castings for the industrial gas turbine market. PCC manufactures extruded seamless pipe, fittings, forgings, and clad products for power generation and oil & gas applications; commercial and military airframe aerostructures; and metal alloys and other materials to the casting and forging industries.

Precision Castparts Corp. has been headquartered in Portland, Oregon, for more than 60 years. The business has grown from a small manufacturer of investment castings for a wide variety of applications to a Fortune 500 company producing investment castings, forgings, and fasteners for aerospace, power, and general industrial customers. This growth has resulted from increased market share, entry into new end markets, and strategic acquisitions. Over the course of the company’s history, Precision Castparts has been led by just three chairmen and chief executive officers: Ed Cooley, Bill McCormick, and Mark Donegan. Each has made significant contributions during his tenure to make Precision Castparts one of the foremost manufacturing companies in the world today. PCC was acquired by Berkshire Hathaway in January 2016.

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