Controller (Burr Ridge, Illinois (IL), US, 60527)

Job description

Building the people that build the world. With platforms in HVAC and Detection and Measurement, SPX Technologies builds innovative solutions that enable a safer, more efficient, sustainable world. Through our RiSE talent development framework, we Reach, Identify, Strengthen, and Engage our employees to support them in their continued development. We’re a global company of problem solvers, collaborators, and innovators, and our businesses build solutions that impact the world. This is a position with The Marley Company, a parent company which provides administrative support to the SPX Enterprises HVAC Heating businesses (such as WM Technologies, LLC, Marley Engineered Products, LLC, Patterson-Kelley, LLC) and includes all Weil-McLain® branded products. How you will make an Impact (Job Summary) SPX is a diverse team of unique individuals who all make an impact. As the Controller, you will serve as a senior financial leader for the Hydronics business, providing accounting leadership, financial governance, operational insight, and strategic decision support across manufacturing, commercial, and functional organizations. You will be responsible for the integrity and timely delivery of financial statements, forecasts, budgets, internal controls, working capital management, and accounting operations in accordance with U.S. GAAP, Sarbanes-Oxley requirements, and SPX policies. The Controller is the senior accounting and controllership leader for the Hydronics portfolio, with responsibility across Weil-McLain, Patterson-Kelley, Sigma-Omega, and related manufacturing locations. The role owns accurate and timely reporting, accounting operations, U.S. GAAP and Sarbanes-Oxley compliance, and the control environment; provides disciplined oversight of manufacturing and commercial accounting, including rebates, sales commissions, warranty, inventory, standard costs, and manufacturing variances; partners closely with the Director of Finance, Director of Manufacturing Operations, FP&A leader, and business leadership; develops organizational capability through coaching, talent development, and succession planning within the accounting team; and supports acquisitions from diligence through integration. What you can expect in this role (Job Responsibilities) While each day brings new opportunities at SPX, your core responsibilities will be: Enterprise Controllership & Reporting Own the monthly, quarterly, and annual close and consolidation across Weil-McLain, Patterson-Kelley, Sigma-Omega, and related entities and locations; deliver complete, accurate, and ensuring complete, accurate, and timely financial reporting. Ensure financial statements, general ledger activity, account reconciliations, reserves, accruals, fixed assets, inventory, and other accounting records comply with U.S. GAAP, SPX policies, reporting calendars, and internal controls. Review complex and highly judgmental accounting matters, maintain strong balance-sheet discipline, and drive timely root cause resolution of discrepancies and control issues. Maintain financial governance over working capital and cash conversion, including receivables, inventory, payables, credit, excess and obsolete reserves, physical inventories, and cycle counts. Manufacturing & Commercial Accounting Own the financial integrity of standard costing, inventory valuation, absorption, and manufacturing variances, including material, labor, overhead, purchase price, scrap and yield, productivity, and capacity variances. Partner closely with the Director of Manufacturing Operations to explain performance, challenge assumptions, validate productivity benefits, strengthen plant controls, and improve cost visibility and decision-making. Establish and maintain robust end-to-end accounting and controls for customer rebates, sales commissions, and warranty programs, including accrual methodologies, approvals, reconciliations, claims, true-ups, and payment validation. Ensure accurate gross-margin reporting by business unit, product, and site, and support operational, commercial, and strategic business decisions with fact-based accounting and cost insights. 3. Controls, Compliance & Systems Maintain a robust internal control environment that supports compliance with U.S. GAAP, Sarbanes-Oxley requirements, SPX policies, and financial reporting standards. Lead Sarbanes-Oxley compliance, internal controls, Delegation of Authority governance, audit readiness and remediation, internal and external audits, tax information packages, and record-retention requirements. Govern JDE, OneStream, and related financial processes and data; drive simplification, standardization, automation, and sustainable process improvement across the Hydronics portfolio. Support inorganic growth through financial due diligence, accounting assessments, purchase-accounting support, opening-balance-sheet validation, control design, systems and process integration, and post-close stabilization. Identify risks early, establish clear ownership and action plans, and ensure issues are resolved promptly and sustainably. 4. Business Partnership & FP&A Interface Serve as a trusted advisor to the Director of Finance and business leadership on accounting implications, financial risk, working capital, investments, and operational decisions. Partner with FP&A by providing high-integrity actuals, accounting judgments, operating drivers, and risk and opportunity insights that enable planning, forecasting, and performance management. Support pricing, sourcing, make-or-buy, capital, and other strategic decisions; validate the financial integrity of business cases, accounting treatment, and realized benefits. translate complex accounting and operational matters into clear, actionable recommendations and maintain ownership through resolution. Working Capital, Credit & Cash Management Maintain oversight of working capital performance, including accounts receivable, inventory, accounts payable, and cash flow. Partner with business leaders to establish and execute actions that improve receivables performance, inventory turns, payment practices, and cash conversion. Oversee credit and collections policies and practices, including assessment of customer credit risk and resolution of past-due balances. Monitor inventory levels, excess and obsolete reserves, physical inventory activities, cycle-count results, and inventory adjustments. Review working capital trends and communicate risks, opportunities, and corrective actions to leadership. Ensure appropriate financial governance and controls are maintained throughout order-to-cash, procure-to-pay, and inventory-management processes. Leadership & Organizational Capability Lead, coach, and develop the accounting team; establish clear accountability, cross-training, succession plans, and high standards of execution. Build strong partnerships across accounting, operations, FP&A, commercial teams, shared services, IT, tax, and corporate finance. Foster a culture of integrity, constructive challenge, continuous improvement, collaboration, and disciplined follow-through. Maintain an appropriately staffed organization supported by scalable processes as the business portfolio grows and evolves. Establish clear performance expectations, conduct regular performance evaluations, and support ongoing professional development for members of the accounting team. What we are looking for (Experience, Knowledge, Skills, Abilities, Education) We each bring something to the table, and we are looking for someone who has: Required Experience 10+ years of progressive accounting and finance experience, including at least five years leading accounting professionals, including prior experience as a Controller, Assistant Controller, or in a comparable accounting leadership role. Demonstrated success in a multi-business-unit, multi-site manufacturing environment, with deep knowledge of standard costing, inventory accounting, absorption, and manufacturing variances. Strong command of U.S. GAAP, financial reporting, Sarbanes-Oxley compliance, internal controls, close processes, and internal and external audits within a publicly traded or similarly complex organization. Strong knowledge of accounting and controls for rebates, sales commissions, warranty reserves and claims, and other significant commercial programs. Proven ability to partner with operations and FP&A, influence senior leaders, translate complex issues into practical actions, and move effectively between strategic priorities and hands-on execution. High integrity, sound judgment, strong communication, and a record of building capable, accountable teams and improving processes and systems. Preferred Experience, Knowledge, Skills, and Abilities Experience supporting a large, multi-site, or multinational manufacturing business. Experience consolidating financial results across multiple locations, product lines, or operating units. Experience with JD Edwards ERP, OneStream financial consolidation software, or comparable enterprise financial systems. Experience leading ERP implementations, financial systems enhancements, reporting automation, process standardization, or organizational transformation initiatives.. Strong knowledge of working capital management, credit and collections, inventory controls, and cash-flow optimization. Experience with capital planning, financial modeling, ROI, NPV, payback analysis, and post-investment reviews. Public accounting or Big Four accounting experience. Ability to influence decision-making and establish credibility across finance, operations, commercial, and executive leadership teams. Demonstrated ability to manage competing priorities and deliver high-quality work within demanding reporting and business timelines. Ability to move effectively between long-range financial strategy and hands-on resolution of accounting and operational issues. Education & Certifications Bachelor's Degree in Accounting or Finance required. Certified Public Accountant (CPA) strongly preferred. Master’s degree in Accounting, Finance, Business Administration, or a related field preferred. Physical Demands The demands described are representative of those that must be met by an employee to successfully perform the essential functions of this position, with or without reasonable accommodation. Frequent computer and keyboard use with continuous use of financial reporting systems and computer monitors. Ability to remain seated for extended periods while reviewing financial information, preparing reports, and participating in meetings. Frequent verbal communication and presentation of financial information to individuals and groups. Occasional movement throughout office and manufacturing environments to support business operations and financial reviews. Ability to access manufacturing areas requiring appropriate personal protective equipment. Travel & Working Environment Primarily onsite in a professional office environment, with periodic work in manufacturing environments. Frequent interaction with business, manufacturing, commercial, corporate finance, shared services, and executive leadership personnel. Occasional exposure to noise, heat, dust, and other manufacturing conditions requiring appropriate personal protective equipment. Travel of approximately 10% may be required to support manufacturing locations, audits, business reviews, corporate meetings, and other SPX activities. How we live our culture Our culture is at the center of what we do and, more importantly, who we are. Our core values set a standard for how we manage ourselves, and our Leadership Model sets the standard for how we engage with each other. Whether you are an individual contributor or you lead a large team, each of us leads. What benefits do we offer? We know that the well-being of our employees is integral. Our benefits include: Generous and flexible paid time off including paid personal time off, caregiver, parental, and volunteer leave Competitive health insurance plans and 401(k) match, with benefits starting day one Competitive and performance-based compensation packages and bonus plans Educational assistance, leadership development programs, and recognition programs Our commitment to embrace diversity to build a culture of inclusion We value different backgrounds, experiences, and voices, and we are committed to challenging ourselves, openly communicating, and striving to improve every day. We believe in creating an inclusive work environment where everyone has a voice and is encouraged to realize their fullest potential. We are an affirmative action and equal opportunity employer committed to making selection decisions without regard to race, color, religion, sex, sexual orientation or identity, national origin, age, disability, veteran status, or any other legally protected basis. The compensation information that follows is a reasonable estimate for the position and is provided pursuant to legal requirements in this state. The salary estimate provided represents the typical salary range for the position, and other factors may be used to determine the successful candidate’s actual salary, including skill set, experience, training, education, organizational needs, internal equity, market data, and geographic zone. The estimated salary range for this position is: $170,000 - $230,000 At SPX, it is not common for individuals to be hired at the higher end of the range, and compensation decisions depend on a variety of factors. This role is eligible to participate in a discretionary bonus plan, subject to the rules governing the plan. SPX offers a variety of benefits, including health benefits, 401k retirement with a company match, and flexible time off. More information about our benefits can be found on the “Rewards and Benefits” section of the career page.