Controller
Location: Elgin, Il
Salary Range: $123,000.00 to $146,000.00
Recruiter:
About SKF:
SKF, reducing friction since 1907, re-imagining rotation for a better tomorrow!
SKF is an industry-leading manufacturer that has been a cornerstone in industrial life. Wherever there are machines or products in motion, SKF bearings are there to reduce friction. SKF drives the industries that support our way of life, powers the machines that put food on the table, and even helps explore the cosmos.
Sustainability is at the heart of everything we do. SKF is on pace to decarbonize all its production facilities by 2030.
We’re guided by our SKF values. Collaboration is critical to the success of our colleagues, partners, and customers. Curiosity and Courage provide a foundation for innovation and advancement. And we do this work out of Care for our people, customers, communities, and the planet.
We’re a company committed to a culture of belonging, where all our people are encouraged to be themselves and grow their careers in an equitable environment.
Learn about SKF at www.skf.com.
Summary:
This is a full value chain controller position. The Controller is the co-driver supporting manufacturing and sales operations in business decisions and driving continuous improvement.
Key Responsibilities
- Take responsibility for the full value chain of the PED unit performance.
- Drive actual results for the P&L & Working Capital to achieve/exceed Plan.
- Product and customer mix analysis, sales analysis and customer/channel profitability assessment, market performance evaluation, margin & cost analysis.
- Drive Continuous Improvement Cost Saving Initiatives with NAM Management team and measures for Year over Year improvement, including optimization of Working Capital/Inventory Levels.
- Be a proactive and challenging member of the PED unit management team
- Drive controlling processes: yearly planning process, quarterly forecasts, monthly close activities, regular pulse meetings and transformation project meetings.
- Perform yearly Standard Cost Calculation
- Ensure that Standard Cost calculation, reporting, accounting and other financial and controlling matters are in line with SKF and local legal requirements. Feel responsibility for accuracy in legal reporting and compliance
- Drive change within the PED unit for continuously improving business support, digitalization and challenging current processes.
- Identify risks and opportunities and initiate proactive and corrective actions.
- Identify / initiate actions to improve profitability (e.g. cost down initiatives, operations restructuring, financial analysis and modeling)
- Sales target setting and sales incentive plan calculations.
- Customer deal review and ROI calculations.
- Working capital management (focus on inventory, accounts payables, Trade Receivables).
Requirements:
- Several years of controlling and reporting experience, preferably from both Sales and Manufacturing operations.
- Curiosity to understand the business, customers, and operations.
- Strong business sense with a high level of integrity.
- Determination and experience of implementing changes.
- Good knowledge of SKF financial processes and tools.
- Knowledge of SKF common systems & accounting standards and principles.
- Strong capability of driving/performing analysis.
- Good communication and collaboration skills.
- Interest for both developing new as well as challenging old processes and procedures.
- Interest in people and relationship/-network management.
What You’ll Love About SKF:
Rest and Relaxation. Enjoy a generous PTO policy and 13 paid holidays.
Work/Life Integration. SKF supports work/life integration, home, family, community, personal well-being and health.
Diversity in the Workplace.?At SKF, we strive to embed Diversity, Equity and Inclusion in everything we do. By developing a culture of belonging, our people can flourish; leading to an inclusive, equitable environment that promotes leadership, engagement and innovation.
Best in Class Benefits. SKF cares about the wellbeing of our employees. Comprehensive healthcare options to fit your needs and opt out payment. Added benefits include company paid life insurance, STD, LTD. Supplemental benefits include critical illness coverage, tuition reimbursement, employee discount programs, and much more!
Bonus. SKF offers STVS (Short Term Variable Salary) or Sales Incentive based on company performance and at the discretion of management.
Invest in your Future. Participate in our 401K program that boasts a 10% employer contribution: 100% match up to 5% of your elected contribution (100% Vested) plus an additional 5% company contribution.
Reports to: Factory Manager SKF Aerospace Sealing Solutions
Location: Elgin, Il
Job ID: 22410
SKF provides equal employment [and affirmative action] opportunities to applicants and employees without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability.
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