Financial Controller

PURPOSE

The Controller is the senior accounting leader at Frankston Packaging, responsible for owning and executing all day-to-day accounting operations, financial reporting, and internal controls across a multi-entity, multi-plant manufacturing environment. This is a hands‑on, player‑coach role that requires the individual to personally perform critical accounting functions, including general ledger management, balance sheet and bank reconciliations, month‑end close, cash management, and financial statement preparation, while simultaneously leading and developing a small accounting team.

The Controller reports to the Chief Financial Officer and works closely with portfolio operations leadership to provide timely, accurate financial information that supports executive decision‑making, PE reporting requirements, and the company’s ongoing operational improvement initiatives.

Frankston Packaging is a private equity‑backed consumer packaging manufacturer operating three production facilities across Texas and Virginia, utilizing multiple ERP systems (Net Suite, ASI, and Label Tracks). The company is in an active turnaround phase with significant process improvement and systems integration work underway.

The Controller manages all accounting operations and directly supervises a team of two to three accounting professionals handling accounts receivable, collections, billing, accounts payable, cash management, and payroll. This role requires someone who is comfortable operating at both a strategic and transactional level—building financial infrastructure while personally ensuring the accuracy and timeliness of the company’s financial records. The ideal candidate thrives in a lean environment where no task is beneath them and accountability is paramount.

• Own and execute the full month‑end, quarter‑end, and year‑end close processes, ensuring completion within seven business days of period end.
• Prepare complete three‑statement financial packages (income statement, balance sheet, and cash flow statement) with variance analysis for PE and executive leadership reporting.
• Perform and review all balance sheet reconciliations on a monthly basis, ensuring accuracy and completeness of all accounts.
• Maintain and enforce a detailed month‑end close calendar with assigned responsibilities, deadlines, and accountability for each task.
• Prepare and post journal entries, accruals, deferrals, and reclassifications with proper supporting documentation.
• Ensure compliance with GAAP across all financial reporting and accounting activities.

• Build, maintain, and update the 13‑week rolling cash flow forecast on a weekly basis; present to PE and executive leadership with variance commentary.
• Perform daily cash positioning, including beginning balance, prior‑day receipts and disbursements, and projected outflows; provide daily cash position report to portfolio operations leadership by 8:00 AM.
• Complete bank reconciliations at minimum weekly, with expectation to move toward daily reconciliation cadence leveraging Net Suite’s live bank feed functionality.
• Review and approve proposed vendor payment lists prior to ACH staging, ensuring alignment with cash forecast and vendor prioritization strategy.
• Manage working capital optimization, including monitoring of DSO, DPO, and inventory turns.
• Serve as primary liaison with banking partners on account management, reporting, and treasury operations.

• Lead the annual budgeting process in partnership with operations, sales, and executive leadership.
• Develop and maintain financial models, including three‑statement models, scenario analyses, and sensitivity analyses to support strategic decision‑making.
• Prepare monthly budget‑to‑actual variance analysis with meaningful commentary on key drivers.
• Support ad hoc financial analysis requests from PE sponsors and executive leadership, including profitability by customer, product line, and plant.
• Develop and report on manufacturing KPIs including yield, throughput, capacity utilization, on‑time delivery, and cost of quality.