Plant Controller at Tenneco

Job Purpose:

To prepare and communicate financial results to management on a monthly basis, ensuring they are valid, accurate, timely and complete in all material respects. To ensure compliance with relevant statutes, standards, policies, etc. To develop and maintain a strong control environment by ensuring strong controls are implemented and adhered to. To manage and train the Finance Department’s employees to ensure the delivery of top class performance. To set standard costs that are in accordance with group policies and that approximate actual costs. To monitor and manage actual margin performance through variance and other analysis and suggest measures to rectify if necessary. To research and assist in setting selling prices and rebates.

Key Responsibilities:

Financial Management

• Maintain and ensure integrity of books of account, payroll and financial accounting.
• Ensure financial reports comply with the requirements of Federal-Mogul.
• Ensure that financial reports are presented accurately and timeously.
• Ensure that financial results and risks are analyzed in detail and reported at board meetings.
• Ensure that Hyperion submissions are completed and submitted timeously.
• Review balance sheet regularly.
• Review provisions with special reference to the rebates allocated to each customer.

Inventory Management

• Ensure that procedures and controls are in place to mitigate any risks in terms of accuracy of inventory valuation.
• Ensure that procedures and controls are in place to reduce the risk of inventory losses throughout the supply chain.
• Report regularly on the above.

Stock Costing

• Control of standard and actual costing of stock in Hyperion.
• TV values.
• Variance analysis.
• Assistance with factories’ approach to pricing/costing.
• Margin analysis and management.

Sales Pricing

• Throughput analysis.
• Price sensitivity analysis.
• Implementation and monitoring of revenue improvement program.
• Implementation of controls over pricing, informing affected parties of these controls and monitoring to ensure adherence to these controls.
• Rebate and pricing strategy.

Budgeting and Forecasting

• Coordination and preparation of annual budgets.
• Assist other departments with the compilation of their budgets.
• Analysis of annual budgets.
• Preparation of monthly forecasts.
• Generate strategic financial information and report regularly.

Cash Flow and Working Capital Management

• Analyse cash flow and ensure corrective actions are implemented where necessary.
• Ensure rebate payments are accurately accounted for and disbursed timeously

Management of Expense Budget

• Adhere to the expense budget.
• Ensure that the operational expenses do not exceed budget.
• Ensure that expense items are allocated correctly.

Implementation and Management of Systems, Processes and Internal Controls

• Ensure that policies and procedures are formulated, communicated and implemented and adherence thereto is monitored.
• Ensure effective internal controls are in place and comply with FM guidelines.
• Ensure that risks are identified, assessed and action plans put in place to mitigate risks.
• Ensure complete compliance with Sarbanes-Oxley.
• Ensure that all user groups fully understand the workings of the IS system and accurate recording is complied with.

Leadership and People Management

• Develop an organizational structure to obtain the most effective utilization of personnel.
• Populate the above structure in line with FM Port Elizabeth’s Employment Equity plan.
• Provide management guidance to employees on a regular basis.
• Ensure performance charters exist for every employee and reviews are carried out twice a year.
• Establish personal improvement and development plans for each employee.
• Liaise and partner with internal customers ie: Finance Director

Qualifications / Experience / Skills

• CA (SA) not a pre requisite, but equivalent.
• SAP experience not necessary but advantageous.
• At least 5 years experience at a senior level
• Exposure to financial management in both manufacturing and distribution
• Experience with IFRS, US GAAP and Tax requirements.