Controller-Procurement and Inventory

Position : Controller Procurement and Inventory

About the job

On the heels of achieving 3X growth , Virginia Transformer is hiring to do it again!

We’re strategically building our team for the next 3X growth cycle — a phase that is both intense and incredibly rewarding . We’re highly selective about who joins us, because this journey isn’t for everyone.

If you have the drive, grit, and expertise to perform at a high level — and you want to grow your career 3X alongside the Company’s growth — we’d love to talk.

Apply below and let’s start the conversation.

Who We Are

Virginia Transformer is the largest U.S.-owned producer of power transformers in North America, and we’ve been able to grow the past 50-plus years through an unwavering focus on delivering for our customers. We’re more than 5,800 people strong and are known throughout the industry for being an engineering company that makes premium quality transformers in the shortest lead times.

As a privately held, organically growing company , we thrive on nimbleness, innovation, and tenacity.

Controller for Inventory and Procurement will be responsible for providing financial oversight, control, cost transparency, inventory and working capital discipline including but not limited to validation of raw material purchases, supplier payment terms as per the company policies. The role will also be responsible for Freight In bound with regards to cost management, budgeting and optimum use of Ocean Freight. This role will work closely as a business partner with Corporate Procurement & Supply Chain, Plant Materials and Plant Finance.

Key Responsibilities :

Procurement

:

• Procurement Spend Governance : Establish Financial Oversight for Material Purchases, Purchase commitments and compliance to company policies including authorization limits and as per approved annual budgets.
• Purchase Price Variance : Analyze and Monitor variances to Standard Cost and validate versus prior year costs. Identify root causes for significant variances and work with corporate purchasing in corrective actions.
• Supplier Cost Management and Material Cost Savings : Partner with Procurement to evaluate supplier pricing, payment terms. Establish baselines and independently validate realized savings from purchasing/sourcing initiatives.
• PO Controls : Ensure appropriate workflows, segregation of duties and compliance to company policies and guidelines.
• Forecast and Validation of Procurement Spend : Develop Procurement Raw Material Spend forecast aligned to existing backlog and future demand including considerations to plant capacity and capabilities. Purchasing should be based on Existing and Future known/committed demand only.

Inventory

:

• Inventory Stocking Level : Work in collaboration with Corporate Supply Chain and Plant Materials to validate existing Safety Stock levels and support analytics to come up with optimum stocking levels by evaluating existing safety stock, reorder points, lead times, MOQ, supplier constraints and demand variability based on part classifications.
• Inventory Accuracy : Work in Collaboration with the Plant Finance Controllers and Plant Materials teams to establish controls over inventory transactions, annual physical and cycle counts and intercompany transactions.
• Excess, Slow Moving and Obsolete Inventory : Work in Collaboration with the Plant Finance Controllers and Plant Materials teams to identify slow moving, obsolete, damaged and excess inventory and drive disposition plans with business ownership. Partner with Plant materials to Identify root causes and put a plan with corrective actions to mitigate any further increase in obsolete, slow or excess materials.
• Strategic Buy : Work in collaboration with Corporate Procurement teams to provide financial analytics, impacts to P&L and Delivery to Customers around Strategic Buys that are either based on known or unknown future requirements or market conditions. Establish guidelines around strategic purchases including approval limits.
• Annual Standard Costing : Support, collaborate with both the Plant Finance Controllers and Plant Materials Managers in developing Annual Standard costs for Raw Materials including landed cost.
• Reporting : Prepare Aged Inventory Schedules and mitigation plans, Days on Hand and Turns for all key part classifications.

Internal Controls and Compliance:

• Maintain robust control over inventory movements, inventory adjustments
• Ensure Compliance with Company policies, including delegation of authority.
• Support and Co-Ordinate audits related to Procurement, Inventory
• Work in collaboration with Plant Finance controllers and put in action plans for audit findings and control deficiencies.

Business Partnership:

• Serve as the business partner to corporate purchasing and supply chain, plant materials leadership.
• Support monthly reviews of procurement spending, inventory performance, supplier cost trends etc.
• Challenge Procurement decisions that could create excess inventory, unfavorable cost commitments.
• Develop, improve existing dashboards and reporting tools that improve transparency, visibility, accountability and decision making.

Qualifications and Experience:

• Bachelor’s degree in accounting, finance or similar field. CMA preferred but not required.
• Ideally 10-12+ years of progressive finance experience in a manufacturing organization with experience in procurement finance, inventory accounting and cost and management accounting.
• Experience with ERP Systems, SAP, Oracle or equivalent
• Strong Analytical, problem-solving skills
• Good Communication skills and ability to work across cross functional teams
• Experience working with multi plant organization.

Join Our Team

If you love the thrill of securing the U.S. electric grid, enabling all manufacturing in the country, and the energy of a fast-moving train — this is the place for you. We train hard, grow together, and lead with purpose. Every transformer we build is custom, every challenge unique, and every team member essential.

We’re looking for those ready to lead, fueled by commitment, and driven by impact. We are growing so fast that all our available roles are not yet posted, so let us know if you are interested and we will follow up.