IMI plc

We are a global specialist engineering company that creates breakthrough solutions. We are curious and like to solve problems, partnering with our customers to solve the demands of today and prepare for the challenges of tomorrow. We embrace innovation and care about outcomes that are good for business, everyday life and making a better world – creating lasting impact for everyone.

We design, build and service highly engineered products in fluid and motion control applications. We focus on five market sectors: Industrial Automation, Process Automation, Climate Control, Life Science and Fluid Control, and Transport.

Our partnership approach breaks through problems and reduces complexity. We don’t invent in isolation – we collaborate with our customers. We listen closely and we think differently, creating space for diverse minds to innovate. We are working together to make businesses safer, more sustainable and more productive.

Role Overview:

The Site Accounting Lead will manage the site's Accounting and Finance functions through hands on involvement in preparation of Trial Balance, month-end/year-end reporting, supervising the processing of AP/AR, as well as assets accounting. This position is the business partner to Site and Business unit management with an active role in improving transparency on and driving business performance. 
Work Environment: Hybrid. Plymouth, MN

Key Responsibilities

• Provide accurate and timely internal reporting on operating results and financial condition and support external reporting requirements.
• Perform and/or supervise hands on services that include processing of AR/AP, county taxes administration, and period end journals.
• Create budgets and forecasts, report on variances and communicate to stakeholders 
• Ensure the adequacy of the accounting system as the basis for reporting to management and to comply with internal and external policies.
• Oversee monthly Trial Balance and ensure accurate month-end accruals are maintained.
• Manage the weekly check run process including the approval of the "proposed payment list" prior to the check run; it is then reconciled to the final check run and any differences substantiated.
• Prepare Electronic files for submission to Wells Fargo via Payment Manager and Positive Pay process. Initiate any outgoing wire transfer payments.
• Prepare Business Case analysis for proposed Capital Expenditure and New Product Development projects.
• Responsible for development of internal financial reports and supporting external Financial Management Reporting for the site, including COGNOS reporting system and variance analysis.
• Develop quarterly forecasts and annual budget in coordination with the site’s Management team.
• Monitor and ensure the site’s adherence to the Delegation of Authority document.
• Develop annual assumptions used in the calculation of the annual cost roll: purchased material costs, labor rates by resource and overhead burdens.
• Provide financial guidance and accounting leadership for annual physical inventory planning and counting.
• Assist in internal and external audit reviews where necessary.
• Perform various reconciliations, problem solving and cost accounting as required.
• Ensure compliance with all internal policies, relevant local, state, federal, and international regulations, and ensure filings are completed timely.
• Develop and oversee the Internal Review function to ensure that finance and operations controls and policies follow Government and IMI controls and policies. Ensure effective follow up processes are in place.
• Ensure appropriate legal review of contracts and solicit internal legal advice as required.
• Develop cash flow forecasting and maintain a long-term cash forecast.
• Provide guidance to site personnel on accounting and finance issues such as: financial practices, GAAP, IFRS, cost management, supply chain and manufacturing/operations.
• Other related duties as assigned.

Critical Competencies for Success

• Bachelor’s degree in Accounting or Finance.
• Minimum of 5 years of relevant accounting experience.
• Epicor or other ERP system experience desired.

Pay range: $90,000 - $105,000

Within this range, individual pay is determined based on skills, experience, and qualifications relative to the job requirements. Base pay information is aligned with market location and may be subject to prevailing wage laws, if applicable.

What IMI Can Offer You

At IMI, one of our top priorities is to create an inclusive culture of health. We strive to remove barriers to care (whether that be physical or financial) and in doing so, we offer choice for all your health and wellbeing needs. 

See below for a general overview of our amazing perks and benefits:

• Multiple health plans to choose from: HMO, PPO, and High Deductible Health Plans with a low-cost share
• Best-in-class 401K plan with zero vesting and up to 6% contribution matching
• 14-week maternity leave at full pay (Adoption benefits are equivalent)
• 4-week paternity leave at full pay (Adoption benefits are equivalent)
• Employee Resource Groups that offer community and support, like our Pride Network and Network of Women groups 
• PTO, encompassing inclusive holidays 
• Career Development opportunities (IMI’s ‘Catalyst’ Program)
• Employer contribution for Health Savings Account, and in many cases free virtual telemedicine, and teletherapy.
• Mental Health and wellness programs to support you and your family
• Full suite of voluntary benefits to tap into, including but not limited to: Critical illness insurance, hospital indemnity, legal insurance, identity theft protection, and pet insurance or home & auto insurance through our discount advantage platform
• Short & long-term disability as well as basic life insurance at 2x your basic salary at no cost to the employee
• Free financial advisors, webinars, and classes through Charles Schwab
• Annual Employee Stock Purchase Plan with option to purchase IMI shares at a reduced employee only price - no opportunity to lose, only to profit or refund your investment 100%

**Benefits plans change year over year, but we have guiding principles in place to ensure our employees have the tools and resources available to stay connected and up to date**

Health & Safety

The physical demands described within the Key Duties & Responsibilities section of this job description are required to perform the essential functions of this position.  Reasonable accommodations may be made for individuals with disabilities.  Please contact your local HR representative to discuss the specific Work Conditions and Physical Requirements of this role.  

Health, Safety, and Environmental Duties – At IMI we are all personally committed to protecting our people, minimizing our impact to the environment, the communities we operate in and our company. All members of our workforce have the duty to ensure the health, safety and welfare of themselves, others, and the environment. Every employee is expected to follow all HSE operating procedures, also to challenge any observed behaviors or unsafe acts.

Code of Ethics

IMI requires the highest standard of ethics in all business dealings, particularly with customers, suppliers, advisors, employees, and the authorities. In accordance with the IMI Way: Our Code of Responsible Business.

Changes to This Job Description

IMI may amend this job description in whole or part at any time.

IMI is an equal opportunity employer. Qualified applicants will be considered without regard to age, race, creed, color, national origin, ancestry, marital status, affectional or sexual orientation, gender identity or expression, disability, nationality, sex, or veteran status.