Precision Castparts Corp.

Assistant Controller

Posted on: 7 Mar 2021

North Hollywood, CA

Job Description

Company Profile

With more than 120 operations and about 20,000 employees worldwide, Precision Castparts Corp. 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, we are the leading producer of airfoil castings for the industrial gas turbine market. We also manufacture 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 for the casting and forging industries. With such critical applications, we insist on quality and dependability not just in the materials and products we make, but in the people we recruit.

Headquartered in Portland, Oregon, this over 10 billion dollar company employs more than 20,000 people worldwide. PCC has over 120 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. Buffett, acquired Precision Castparts Corp.

Business Profile

Since the early days of aviation, PCC has worked closely with our customers to develop and specify the best products for their applications. Weve created new materials, designs, and manufacturing practices to satisfy an ever changing industry. PCC engineered product applications include all wing/fuselage structural parts; engine lockplates/bracketry; complete passenger/exit doors; major flap support and actuation structures; spars, skins, and bulkheads; swaged control rods, cables, and actuation and flight control assemblies; and complex latches, quick release BALLLOK pins, and specialized fasteners.

Location Profile

Founded in 1960, Avibank is among the world's leading manufacturers specializing in the design and production of sophisticated fasteners and multicomponent fastening systems and devices. Operating from a 160,000 square foot facility located in North Hollywood, California, we are known throughout the world for our ability to solve difficult engineering and critical performance problems. For more than a half century, we have been involved in producing products which meet our customers' exact requirements. Avibank is a major supplier to commercial airlines and have received Parts Manufacturer Approval (PMA) from the FAA. We supply products used in a variety of applications in diverse industries such as aircraft, aerospace, automotive, marine, communications, railway, computers, medical equipment, and many others. Avibank and AVK were acquired by SPS Technologies in 2000. PCC acquired all SPS Technologies companies in 2003.

Position Summary

The Assistant Controller works under the guidance of the Controller and assists the Controller with directing the organization's financial operations and administration. Assists the Controller in the preparation and review of financial statements, budgets, financial planning, financial systems, and various other financial operating reports. Has the daytoday responsibility of the Finance Department and performs duties personally or through subordinates.

Primary Duties & Responsibilities

* Assists the Controller in ensuring timeliness and accuracy of the financial statements
* Manages preparation and review of weekly and monthly reporting package on financials and key operating metrics, ensures data accuracy and integrity.
* Reviews financial data regularly to ensure fairness and completeness of the data.
* Evaluates internal controls, implements new controls as needed, and improves existing controls, putting in place new policies and procedures.
* Reviews policies and processes, recommends modifications to existing policies and processes, and presents recommendations for new policies and processes.
* In support of the Controller, prepares reports which summarize and forecast company business activity and financial position in areas of income, expense, and earnings based on past, present, and expected operations. Additionally, prepares and reports the month end financial results to division and plant management within 3 day close period.
* Works with Controller to manage the preparation of budgets, review budget proposals, and prepare necessary supporting documentation and justification.
* Oversees accounts payable, accounts receivable, and general accounting functions per company policies.
* Directs monthend, quarterend, and yearend close activities.
* Reviews journal entries, account analyses, and account reconciliations at monthend for completeness and accuracy.
* Directs determination of depreciation rates to apply to capital assets per corporate guidelines.
* Maintains construction in progress detail with supporting documentation and works with management team to submit capital requests.
* Acts as liaison for internal and external audits.
* Works with SOX Coordinator and Compliance Manager to ensure timely and accurate reporting
* Knowledge of SOX, SOX management requirements and compliance procedure of company records and processes.
* Prepares reports required by regulatory agencies.
* Supports major corporate economic strategies, objectives, and policies by overseeing general accounting policies, processes and activities.
* Other duties as assigned.

Experience & Education

* B.S. in Business Administration with an emphasis in Finance and/or Accounting with 5 to 7 years of experience in accounting and finance.
* CPA preferred, public accounting experience a plus.
* GAAP knowledge required
* SarbanesOxley knowledge preferred
* Extensive experience with ERP systems and excel

Required Skills

* To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.
* Understanding of accounting and finance issues in a manufacturing environment
* Strong background in product cost accounting/standard costs
* Ability to analyze financial data, identify and explain variances to forecast, use the analysis to forecast going forward
* Proactive, handson strategic thinker with solid problemsolving skills
* Track record of improving internal controls

Desired Skills

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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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