Manufacturing Plant Controller - US

Overview

Hayward Holdings Inc. (NYSE "HAYW") is the largest manufacturer of residential swimming pool equipment in the world, with a significant presence in the commercial pool market that is continuously growing. Hayward designs, manufactures, and markets a full line of residential and commercial pool and spa equipment including pumps, filters, heating, cleaners, salt chlorinators, automation, lighting, safety, flow control and energy solutions at our company owned facilities. Headquartered in Charlotte, North Carolina, Hayward also has facilities in Tennessee, Arizona, and Rhode Island as well as Canada, Spain, France, Australia, and China. This position is based in ­Clemmons, NC

The Operations Controller is the financial business partner and finance leader for the three plants in the US (Clemmons, NC; Nashville, TN; Providence, RI). This role has overall financial controllership and analysis responsibility for the plants, which generates $900M in sales for the overall global business. Primary areas of focus include financial controls, planning, financial reporting, and cost optimization. This role is highly visible throughout the company as Clemmons is the flagship site and corporate headquarters is in nearby Charlotte. The Operations Controller regularly interacts with the CSCO, VP of US Operations, and VP of Supply Chain. This position requires strong analytical skills, a deep understanding of manufacturing operations, and proficiency in financial management.

Responsibilities

· Identify and propose potential areas of opportunity to leverage manufacturing / distribution resources more efficiently to maximize results and create lean processes.

· Identify opportunities for process improvement within the finance function and actively contribute to the enhancement of financial systems, reporting tools, and analysis methodologies. Stay updated on industry best practices and evolving accounting standards. Anticipate changing market conditions, barriers, or business needs to allow adequate planning and business management to minimize disruption and maximize results.

· Leverage analysis and team inputs to draw insights and communicate those with plant leadership to influence decision-making.

· Interact regularly with C-Suite-Level leaders including presenting the budget, answering questions, and other requests as needed.

· Collaborate with plant management, finance, and the assistant controller to develop annual budgets and quarterly forecasts for the three manufacturing facilities. Provide financial insights and support, along with spending and absorption targets. Monitor actual performance against budget and forecast, investigating and explaining variances.

· Month-end closing process – production, inventory, expense accruals, etc.

· Monitor and analyze monthly manufacturing costs, variances, and profitability metrics, such as spending, efficiency, absorption, scrap, material usage, and purchase price. Identify areas of improvement and cost-saving opportunities.

· Work closely with the operations and distribution teams to develop and implement cost control measures and ensure performance to budget.

· Prepare and analyze financial statements, including income statements, balance sheets, and cash flow statements, ensuring accuracy and compliance with accounting standards and corporate policies. Provide timely and meaningful financial reports to plant management and corporate finance.

· Perform financial analysis, such as ROI calculations, profitability analysis, and investment evaluations for plant capital projects.

· Capture and monitor KPIs for manufacturing and advise on actions to improve.

· Monitor the conduction of regular inventory counts via the cycle count program to ensure appropriate controls are in place and reconcile discrepancies. Prepare and report weekly and monthly results. Work closely with the working capital Center of Excellence in analyzing inventory levels, aging and obsolescence risks and opportunities, and work with the operations team to optimize inventory management practices.

· Complete variance explanations and cost bridges.

· Complete financial analysis and capture financial/operational optimization recommendations.

· Ensure compliance with internal controls, financial policies, and regulatory requirements. Coordinate internal and external audits, providing necessary documentation and explanations. Implement corrective actions to address audit findings.

· Informs NAM ISC Leader on all matters concerning site performance and provides advice on all financial matters.

· Assist plant managers in operational projects when required.

· Lead and coach a small team of 1 to 2 staff members and provide development opportunities. Collaborate with cross-functional teams, including operations, procurement, engineering, and human resources, to gather data, align financial objectives, and support decision-making. Provide financial guidance and support to plant management and department heads.

Qualifications

Capabilities/Qualifications:

Education / Experience:

• B.A or B. S. in Accounting or Finance; CMA (Certified Management Accountant) designation is preferred.
• 10-15 years of related experience and/or training; or equivalent combination of education and experience. Lean Manufacturing background preferred.
• Strong knowledge of Generally Accepted Accounting Principles (GAAP) and cost accounting methodologies.
• Proficiency in financial analysis, budgeting, and forecasting techniques.
• Ability to interpret complex financial data and present findings in a clear and concise manner.
• Strong interpersonal and communication skills to effectively collaborate with various stakeholders.
• 5+ years of people leadership experience.
• Experience in environments of continuous flow production and manufacturing from raw materials is a plus.

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