Mills Auto Group - Smithfield, NC
posted 4 months ago
As our business expands, we are seeking a driven Controller to oversee and ensure the precision of our financial statements. The Controller will be instrumental in implementing robust compliance measures and managing essential controls to support our financial objectives. This role is pivotal in handling cash, factory receivables, reserves, Finance Product remittances, and overseeing product cancellations. The Controller will supervise daily bank deposits, encompassing ACH and wire transfers, ensuring meticulous record-keeping, and perform daily reconciliation of all bank accounts to uphold financial accuracy. Timely revision and posting of monthly standard entries by the 15th of each month is essential, as well as maintaining fixed asset schedules in alignment with corresponding general ledger accounts. Collaboration with office staff is crucial to ensure consistent and timely completion of assignments. The Controller will prepare requested reports for management and department heads, and ensure timely preparation of various tax reports, including sales tax, tire disposal tax, lease tax, and tangible personal property taxes. Accurate completion of end-of-month procedures and financial statement reporting in line with franchisor and management company requirements is a key responsibility. Regular reviews and maintenance of accounting schedules on a monthly basis, along with completing monthly account reconciliations, are also part of the role. The Controller will ensure timely reporting and payment of finance product sales documents each month, such as warranty and GAP policies, and ensure accounts payable checks are dispatched by the 15th of every month. Recommendations for enhancing office operational efficiency will be expected, along with conducting weekly meetings with company managers to review expenses, outstanding contracts, vehicle and accounts receivables, among other areas. The Controller will assist the CFO and dealership managers in budget preparation, reconcile and submit Monthly Parts accounts to the CFO, and coordinate and facilitate Monthly Physical inventories for the CFO and Variable Operations Director. Daily management of vehicle inventory upon receipt and daily processing and accounting posting for vehicle sales, service, parts, and body shop sales are also critical tasks. The role includes reviewing outstanding repair orders and parts tickets for timely closure, conducting monthly physical inventory of vehicles by sales managers, and reconciling with the general ledger. Timely dispatch of monthly accounts receivable statements and efficient collection of outstanding accounts, along with reconciliation of Work in Progress (WIP), are also part of the Controller's responsibilities.