Lincoln Electric is the world leader in the engineering, design, and manufacturing of advanced arc welding solutions, automated joining, assembly and cutting systems, plasma and oxy-fuel cutting equipment, and has a leading global position in brazing and soldering alloys. Lincoln is recognized as the Welding Expert™ for its leading materials science, software development, automation engineering, and application expertise, which advance customers' fabrication capabilities to help them build a better world. Headquartered in Cleveland, Ohio, Lincoln Electric is a $4.2B publicly traded company (NASDAQ:LECO) with over 11,000 employees around the world, with operations in 71 manufacturing and automation system integration locations across 21 countries and maintains a worldwide network of distributors and sales offices serving customers in over 160 countries.
Location: Fort Loramie - Fort Loramie, OH, United States (US)
Employment Status: Salary Full-Time
Function: Finance
Req ID: 25424
Position Summary: This position is responsible for supporting the business activities of the site including all areas relating to financial reporting, budgeting, forecasting, and supporting the accounting functions provided by the LEA Shared Services Center as well as maintaining a strong internal control structure. The person in the position must have an extensive and proven financial and accounting background to ensure compliance with Lincoln Corporate Policies and Procedures and all the rules and regulations issued by Federal, State and local government.
Position has potential to be hybrid but must be within driving distance of LEA location.
This position has contact with the Senior Manager Finance, LEA Finance Department, LEA Shared Services, local site Departments, Operational Management, Site General Manager as well as Global Automation Controller, FP&A Manager - Global Automation, Corporate Financial Reporting, Corporate Tax, Corporate Legal, Internal Audit, customers, and vendors.
The major challenges to this position are coordinating the objectives of Business Partnering with Management, Lincoln Business Systems, LEA Finance Department, SSC, and the broader Global Automation Management; maintaining a high quality and cost effective professional organization.
This position has the authority to recommend financial policies, establish procedures, counsel employees and propose personnel requisitions.
This position also has the authority to make decisions with necessary approvals related to hiring and firing recommendations, purchases of equipment; approval of personnel; overall annual financial budget for the site; all lease arrangements; and process changes.
Primary responsibilities:
Active member of the business unit executive management team, act as the strategic Business Partner supporting Management, Commercial, and Operations initiatives at the site and throughout US Automation.
Providing direct oversight of our local site Finance team and Finance related activities.
Provide training to new and existing staff, as needed, and conduct written performance evaluations of assigned employees using proper evaluation and documentation methods that result in goal setting for and with the assigned employee
Provide Financial Planning and Analysis support as needed across US Automation sites.
Support the US Automation business platform development and implementation. The platform includes specific reporting and tools (ie Salesforce, Smartsheet, Epicor, HFM, RPA, SAP BW, etc.)
Ensure proper accounting treatment of revenue recognition on both a percentage-of-completion and completed contract basis including the reporting of job costing, WIP reporting, and labor and overhead reporting.
Full ownership of the strategic planning process, budgeting, forecasting, pricing, capital investments, inventory management, and departmental cost activities as well as ad hoc analyses
Make recommendations to Management and LEA Finance to reduce operating costs and increase efficiency
Support, in conjunction with Management, SSC, Legal and Financial Reporting, the review of contracts and corresponding reporting
Work in coordination with management and SSC to maintain and enforce proper accounting methods, policies and principles in accordance with Lincoln standards including Corporate Policies and Procedures (U.S. GAAP), Corporate Reporting Standards, and Internal Controls (Sarbanes Oxley)
Review SOX, FCPA, and corporate compliance issues as they pertain to accounting and the overall business.
Apply a thorough understanding of the financial reporting, general ledger and departmental structures.
Support accurate and timely monthly, quarterly and year end close reporting through Hyperion Financial Management templates, FDM reporting, and ARM
Support the resolution of accounting issues, fund requests, customer collections, vendor payments, non-routine transactions, order entry, invoicing, payroll, legal contingencies and other items as required
Support internal and external audit requests.
Assumes additional responsibilities and involvement in special projects as needed or directed by Management.
Qualifications required:
Bachelor's Degree in Accounting or Business Administration (Finance) with a minimum of 5 years' experience
Excellent communications, leadership and organizational skills
Excellent computer skills
High attention to detail and accuracy
Success factors/job competencies:
Develop and implement an accounting system that will ensure compliance with all Federal State and local regulations as well as quality systems
Develop, retain and motivate a competent professional staff capable of meeting established accounting and quality goals in a timely and efficient manner
Develop problem identification and resolution systems
Keep the LEA Finance and Management team informed through timely utilization of verbal and written reports
Regular and predictable attendance is an essential function of this job
Physical demands and work environment: The physical demands and work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Physical demands: There is minimal reaching, bending and lifting in relationship to documents and stored records.
Work environment: Work is sedentary. Normal office environment. Travel is minimal.
Performance standards:
Annual performance appraisal.
Attainment of annual goals established between supervisor and incumbent.
Lincoln Electric is an Equal Opportunity Employer. We are committed to promoting equal employment opportunity for applicants, without regard to their race, color, national origin, religion, sex (including pregnancy, childbirth, or related medical conditions, including, but not limited to, lactation), sexual orientation, gender identity, age, veteran status, disability, genetic information, and any other category protected by federal, state, or local law.
