Precision Castparts Corp.

Assistant Controller

Posted on: 15 Mar 2021

Gardena, 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

PCC Engineered Products offers comprehensive product lines that cover virtually every aerospace fastening application, we produce fasteners, precision components, tooling, and engineered system solutions for the automotive, defense, industrial machinery, and other performancedriven markets

PCC Engineered Products products' manufacturing operations are spread over four continents, forming a network of industryleading companies, which enables our customers to utilize our experience and deep product knowledge wherever they need it. Embedded in a culture of continuous improvement, our assets and industry leadership insure that we will consistently deliver our customers the best value in the markets we serve.

Location Profile

Headquartered in Gardena, CA, Permaswage is the technology leader in the fluid fitting industry providing proprietary and standard components, tooling, and training to all major aerospace companies globally. The former brands of Designed Metal Connections and Permaswage are now consolidated. Permaswage is headquartered in the US and operates integrated manufacturing facilities in the USA, France, and China, that are dedicated to quality, ontime delivery, and customer service.

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 operational data and maintains 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.
* 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.
* 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.
* 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
* Learns SOX Corporate requirements and maintains records to comply with said requirements
* Prepares reports required by regulatory agencies.
* Supports major corporate economic strategies, objectives, and policies by overseeing general accounting policies, processes and activities.

Experience & Education

* The individual should have at least 5+ years of similar business experience in a public company for a significant business unit, product line, or division generating; 7+ years of related experience preferred
* CPA preferred, public accounting experience a plus.
* Extensive experience with ERP systems and excel required

Required Skills

* Strong background in product cost Accounting (standard cost system) and experience in plant accounting/finance systems including strong understanding in the use of Excel.
* GAAP and SarbanesOxley knowledge.
* Track record of improving internal controls highly valued.
* Exceptional analytical abilities and understanding of accounting and finance issues in a manufacturing environment.
* Ability to analyze financial data and prepare financial reports, statements and projections. Working knowledge of short and long term budgeting and forecasting, rolling budgets, and profitability and variance analysis.
* A proactive, handson strategic thinker with solid problem solving skills which allows for strategic data interpretation vs. simple reporting.

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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