Job Purpose :
Reporting to the Vice President of Finance, this position will provide a critical link between finance and all manufacturing facilities.
Ensure consistent accounting principles and quality standard costing is applied across all locations.
Key Responsibilities :
Manage and perform required accurate month-end duties for P&L reporting and analysis for all sites. Liaise with Finance Manager with month end / year-end review and audit (i.
e. all journal entries, lead sheet / reconciliation of balance sheet accounts on quarterly and annual basis).
Work collaboratively with Manufacturing, R&D, Sales and Finance to support improved customer profitability results. Perform detail analysis at Customer, Product and Manufacturing level to improve added value and profit margin.
Obtain accurate costing for new products in development that are considered cost sensitive or high cost by stage gate. Assist operations team with analysis on production movement between the plants.
Perform adequate analysis to determine appropriate purchase level decisions (local vs. China). Liaise with Engineering / Operation department to ensure bill of material, routing and thru-put is in alignment with new or existing product development.
Daily, weekly and monthly review of cost changes. Preparation of cost estimates for the Engineering and Sales divisions.
Analysis of costing standards for SKU's at each plant. Actual to estimate customer job performance and recommend changes to improve results.
Coordinate costing of new SKU's with the help of Sales and Engineering.
Monthly revaluation, production efficiencies, multi-plant, outsourcing service and material analysis along with assessment of variance, root causes analysis to identify business drivers, impediments, risks and opportunities.
Maintain and update quarterly / annual cost implosion material costing and provide support to Sales, Operation and Engineering departments.
Conduct manufacturing studies semi-annually / annually to validate standard vs. actual data and identify improvement opportunities.
Machine capacity performance and profitability analysis and support operation management in driving for improved financial and operating results.
Identification of areas for costs improvements, waste, scrap, obsolescence and trends analysis.
Assist VP with annual forecast and budget to prepare manufacturing overhead rate (burden). Recommend / support with SKU rationalization.
Provide support to Assistant Controller for Corporate Finance & Sales.
Standardized cost accounting procedures across a complex, multi-site operation resulting in a more value-add operation deliverable and quality standard costing.
Co-ordinate costing of new, existing or outsourcing SKU’s with the help of Operations, Sales and Engineering.
Development of robust operations reports for WSL / WUSA / Porcelain Technologies to help to drive profitability up using production and to drive down COGS / plant variance.
Conduct contribution margin re-forecast as per established schedule.
Monthly COGS analysis and supporting schedules for operations meeting. Process journal entries for month-end closing as required.
Develop strong understanding of plant operations and product costing to provide centralized costing leadership. Provide accurate, timely and relevant responses to management queries and requests.
Consolidate, analyze and maintain budgeted standard cost.
Launch, develop, and perform semi-annual internal audits to determine effective processes of reducing audit time and staff time burden at year-end.
Advise and provide support to the VP of Finance and logistics team by developing an understanding of transfer pricing rules and methods for valuing inter company transactions.
Other duties and projects as assigned by management.
Education & Experience :
University Bachelor Degree in Administration, Commerce, Economics and / or Accounting & Finance. Preference will be given to those whom have completed of a recognized Accounting / Finance designation (CMA / CGA / CA / CPA);
consideration will be provided to individuals that are actively enrolled in a recognized program and / or are designation candidates with applicable work experience.
Minimum three (3) years progressive accounting and cost accounting experience in a manufacturing environment, CPG considered a strong asset.
Computer Software Requirement : Proficiency in MS Office is desired with advanced experience of MS Excel, Outlook and PowerPoint.
Previous experience with an ERP System, Business Intelligence and report writing software (Insider, Oracle, Crystal); preference for Visual Manufacturing (bill of material & standard costing).
Key Competencies :
Ability to understand plant processes and correlate with performance improvements initiatives. Ability to identify problems, visualize and implement best solutions.
Strong analytical skills, including detail-oriented and focus on accuracy.
Effective organizational skills coupled with the ability to manage multiple priorities to meet tight deadlines.
Process driven with experience documenting and continuously improving procedures.
Excellent interpersonal skills and team-oriented approach.
Effective written and verbal communication skills.
Demonstrates a positive attitude and willingness to take on new challenges.
Ability to understand plant processes and correlate with performance improvements.