Controller

Gulf Electroquip is located in Houston, Texas, USA. We specialize in new, remanufactured and repaired AC and DC motors and generators for the oil & gas, dredging, paper, petrochemical, mining, utilities and transportation industries. Our power equipment can be engineered and manufactured to meet the specific needs of our clients. All our engineering is performed at our facility making sure that exact specifications are met.

The Controller will oversee all financial activities for Gulf Electroquip, Red Claw LLC, and affiliated companies. This leadership role is responsible for managing accounting operations, insurance, payroll, banking, and financial reporting. The Controller will also play a key part in strategic planning, systems oversight, and ensuring accurate, timely financial decision-making across the organization.

FINANCIAL PROCESSES

• Prepare monthly financial reports, including income statements, balance sheets, and cash flow statements
• Oversee/perform activities in accounts payable, accounts receivable, payroll, general ledger, and company key performance indicators, including:
  • Create and post monthly journal entries and allocations
  • Compile monthly bank reconciliations
  • Report monthly sales tax and create required payments
  • Process daily cash receipts and applications
  • Prepare year-end reconciliation and reporting
  • Create Journal entries and year-end adjustments
• Maintain proper product margins through cost and pricing analysis
• Ensure tax and regulatory compliance
• Analyze financial data to identify trends, variances, and areas of improvement
• Oversee all corporate insurance (workers’ compensation, liability, etc.)

PERSONNEL & HR

• Verify/maintain OSHA 300 log
• Develop and manage personal key performance indicators
• Coordinate 401K plan
• Coordinate response to inquiries from IRS and any other external agency
• Oversee/process weekly payroll

ACCOUNTING AND BUSINESS AUTOMATION

• Assist with strategic and business planning initiatives
• Develop and manage annual budgets and financial forecasts.
• Super user of our enterprise planning system
• Manage outside contractors, including IT
• Track and apply for federal funding of internal projects

OTHER DUTIES

• Potential financial oversight for IDEAL Electric as needed
• Collaborate on cross-functional initiatives including inventory cleanup, product costing, and pricing strategies
• Participate in working groups to improve product development and cross-department collaboration
• Other duties as assigned