Financial Controller

Controller

Crane Co. is a diversified manufacturer of highly engineered industrial products. Founded in 1855, Crane provides products and solutions to customers in the aerospace, electronics, hydrocarbon processing, petrochemical, chemical, power generation, automated merchandising, transportation and other markets. The Company has three business segments : Aerospace & Electronics, Engineered Materials, and Process Flow Technologies. Headquartered in Stamford, Connecticut, Crane has approximately 11,000 employees and operates in 32 countries.

CRANE ChemPharma & Energy (within Crane's Process Flow Technology segment) designs and manufactures a variety of high performance products including : highly engineered check valves, sleeved plug valves, lined valves, process ball valves, high performance butterfly valves, bellows sealed globe valves, aseptic and industrial diaphragm valves, multi / quarter-turn valves, actuation, sight glasses, lined pipe, fittings and hoses, and air operated diaphragm and peristaltic pumps. Its trusted brands offer customers complete and innovative product portfolio designed for the most demanding corrosive, erosive, and high purity applications. Among the industries served are the chemical processing, biotechnology, pharmaceutical, oil & gas, refining, and power generation.

The Controller is an integral member of the executive management team. Responsible for overseeing the financial operations and ensuring compliance with accounting standards and regulations. The role involves a combination of managerial, strategic, and technical responsibilities. In addition to managing the financial activities of the organization, which includes overseeing the accounting department, budgeting, financial reporting, audit preparation, and the development of internal control policies and procedures, the Controller is expected to be a major contributor to the development and execution of the Company's annual Business Plan. In this role, the Controller must be an agent for change, collaborating on Operational Excellence initiatives (via Lean Manufacturing, Continuous Improvement, and Six Sigma) throughout the organization and focusing the Business Unit on its customers, pricing and profitable sales growth.

Principle Duties

Financial Planning and Analysis :

• Develop and manage the company's financial models, forecasts, and budgets.
• Provide financial analysis, insights, and recommendations to support decision-making.
• Ensure proper financial controls, systems, and decision tools are in place and used focusing on strategic procurement plans and cost reduction initiatives.
• Provide financial leadership to the team in preparing the annual plan, quarterly forecasts and comparison of actual or forecasted performance to plan, forecast, or prior periods as requested.
• Conduct product cost analysis and detail product and job cost review with manufacturing and value stream teams in an effort to control costs and lead cost reduction initiatives
• Ensure that the plans and forecasts are both realistic and meet investment return objectives.
• Establish labor and overhead standards while working with manufacturing engineering and purchasing to set all product standard costs and ongoing cost estimates.
• Review quotations over a certain threshold to include cost estimations.
• Ensure strong quotation cost estimation tools are in place and utilized.
• Analyze backlog for valuation and aging accuracy and ensure that its cost is correctly estimated.
• Coordinate physical inventory through standard operating procedures.
• Prepare the inventory valuation and reconciliation book to perpetual for both the month end and the annual physical inventory.
• Lead the cycle counting program and ensure that the program is understood and properly executed through audits with a goal of 95% or higher inventory accuracy measured by part numbers counted.
• Monitor and analyze financial performance against key business metrics.

Financial Reporting :

Internal Controls and Compliance :

Cash Management :

Team Management :

Risk Management :

ERP and Financial Systems :

Essential Qualifications / Experience :