Controller (CFO) - TriCounty FS - Jerseyville, IL

 

The FS brand represents a standard of excellence for agricultural and energy-related products. It's the people who represent the FS brand that set it apart. As local cooperatives, FS Companies believe it is their responsibility to ensure that our earth, our communities, and businesses perform together, sustainably. FS Companies are committed to ensuring the continued profitability for the company, their owners, and their customers, while enacting to help the environment and greater good.

 

JOB TITLE: Controller                                                                                                                                                                                                                 

REPORTS TO: General Manager

SALARY RANGE: $120,000 - $140,000

SUMMARY: Responsible for all aspects of the accounting, tax collection and reporting, computer hardware and software, benefits and risk management areas of TriCounty FS, Inc. Facilitates the efficient and timely flow of information to the General Manager, Board of Directors and other management personnel. Works closely with the General Manager on special projects relating to the areas of responsibility.

ESSENTIAL DUTIES AND RESPONSIBILITIES: 

Understands the overall accounting system. Maintains accounting records and prepares financial statements in accordance with Generally Accepted Accounting Principles.

Responsible for leading the office staff in the completion of the monthly financial statement.

Monthly Controller Responsibilities:

• Complete A/R Reconciliation
• Run sales report on Regular Sales (IN 084658) to make sure no station sales are charged to this Item number.
• Complete Swap Entry with Gavilon to determine receivable/payable on 28%.
• Record Thru-put on 28%/32% sales/transfers at the Hardin Terminal.
• Review Liquid Fuel Shrinks by completing worksheet Roxanne starts.
• Send Steve at Station Sales and Gross Margin Report on Station Products.
• Review account analysis Kristi prepares for 199 Clearing Acct., 126 Accts. Rec. Other, 214 Accts. Pay. Other, 253 Accrued Expenses.
• Review and Initial Payroll Reports, Bank Reconciliations and General Journal Entries.
• Review MID-CO statement and discuss with Dave Lewis appropriate entries.

Distributes the monthly interim financial statement along with any additional information to management, GROWMARK, Inc. and CoBank, Inc. by the 20th of each month.

Assists the General Manager in presenting the monthly financial statement along with other financial information and reports to the Board of Directors at their monthly board meeting and to company staff as directed.

Responsible for communicating, planning and providing all required information to the external auditors to complete an unqualified (clean) audit opinion of the company’s financial statements and records at the end of each fiscal year.

Prepares entries necessary for recording monthly transactions and provides assistance with all office staff for entries assigned to them.

Verifies that all trial balance accounts are accurate and is able to perform account analysis including shrink, expense and gross margin analysis to determine discrepancies and errors in the accounting records.

Understands the inventory process and validates the accuracy of all products monthly.

Maintains and validates subsidiary ledgers of the company, which includes the fixed asset ledger, the stock ledger, payroll ledger and the patronage ledger.

Responsible for the reconciliation, review, validation and analysis of general ledger accounts monthly.

Oversees the annual budget process including the compilation of budget reports from information provided by the secondary management staff.

Processes patronage based on rates approved by the Board of Directors at the annual audit board meeting and oversees the timely distribution to patrons.  Also, possess an understanding of the rules and requirements necessary to qualify for patronage refunds.

Responsible for preparing all company tax returns and tax related documents and making tax payments on a timely basis.  This includes but is not limited to the following tax returns and tax forms.  Sales tax return, prepaid sales tax return, tire tax return, distributor tax return, receiver tax return, fertilizer tax return, federal gas tax return, unclaimed property tax return, 1099 forms and transmittal to the IRS and federal and state income tax returns.

Responsible for reviewing and maintaining security dealing with cash management activities, including wiring procedures and instructions for lo