Product Line Controller
Posted on: 9 Oct 2024
Houston, TX
Job Description
Summary:
Manage accounting, financial reporting and analysis for the product line. Support the Segment Controller, Product Line VP, Operational Leadership, and finance personnel by providing, interpreting and evaluating financial information. Assist in development of short- and long-term business plans for the product line. Identify opportunities for improvement of EBITDA and Free Cashflow. Directly supervise accounting staff. Handle special projects, as assigned.
Job Duties/Responsibilities
This management position directs the establishment of accounting and finance principles, practices, procedures and controls
Maintains accounting records and is responsible for the forecasting, analysis and interpretation of financial and operational results
Delivers accurate and timely reporting of the product line P&L, Balance Sheet and Cashflow Statements
Manages cashflow including monitoring of CAPEX budget, AR Collections, AP Payments and Inventory Receipts
Facilitates all internal and external audits as well as special audits by banks, tax or insurance providers
Supports all operational activities of the product line as the primary finance partner
Skills/Knowledge
Extensive knowledge of accounting and Financial Reporting principles
Working knowledge of SOX, SEC and tax regulations
Excellent communication and presentation skills
Advanced understanding of Business systems and practices with focus on streamlining processes
Experience with budgeting, forecasting and financial project management
Strong analytical skills and advanced user of MS Office including MS Excel
Ability to present financial information and interact with all levels of management
Education
Bachelor's Degree in Finance, Economics or Accounting or equivalent. Master’s a plus.
CPA highly desired.
Industry experience preferred.
Experience
10+ years of professional accounting experience
5+ years of management experience in a similar role
Forum Energy Technologies
Houston, TX
Forum Energy Technologies, Inc. designs, manufactures, and distributes products to the oil and natural gas industry in the United States and internationally. The company operates through three segments: Drilling & Downhole, Completions, and Production. The Drilling & Downhole segment designs, manufactures, and supplies products and provide related services to the drilling, downhole, and subsea markets, and other markets, such as alternative energy, defense, and communications. This segment offers drilling technologies consisting of capital equipment and a line of products consumed in the drilling; downhole technologies, such as cementing and casing tools, and protection products for artificial lift equipment and cables; and subsea technologies, including robotic vehicles and other capital equipment, specialty components and tools, complementary subsea technical services and rental items, and products used in pipeline infrastructure.
The Completions segment provides products and related services to the coiled tubing, stimulation, and intervention markets. This segment offers stimulation and intervention technologies, including hydraulic fracturing pumps, pump consumables, cooling systems, flow iron, wireline cable, and pressure control equipment as well as related recertification and refurbishment services; and coiled tubing products consisting of coiled tubing strings and line pipes.
The Production segment designs, manufactures, and supplies products, and provides related equipment and services to the production and infrastructure markets. This segment supplies production equipment, including well site production and process equipment; and a range of industrial and process valves. The company was formerly known as Forum Oilfield Technologies, Inc. and changed its name to Forum Energy Technologies, Inc. in August 2010. Forum Energy Technologies, Inc. was incorporated in 2005 and is headquartered in Houston, Texas.
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IndustryOil and Gas
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No. of Employees2,300+
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Website
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Jobs Posted214
