Cost Analyst in Beachwood, OH at Tremco Incorporated

Date Posted: 6/3/2021

Job Snapshot

Job Description

COST ANALYST

The Cost Analyst will assist the Assistant Controller and the Senior VP-Controller (Sealants) with cost analysis functions and provide reliable information and analysis necessary to control CS&W operations

ESSENTIAL DUTIES AND RESPONSIBILITIES:

  • Manufacturing Analysis and Reporting:
    • Provide weekly forecasting on COGS including standard cost, PPV, production order, and manufacturing variances
    • Produce executive summary report and plant metric files
    • Prepare volume reports for manufacturing facilities
    • Report on inventory accuracy; review plants cycle count and physical inventory adjustments
    • Prepare inventory reconciliation for all plants/warehouses; report changes to inventory and report effects on the financial performance of the business
    • Provide plant management teams with financial data as required
  • Monthly, Quarterly & Annual closing activities:
    • Prepare monthly journal entries including slow moving, obsolete, and distressed inventory
    • Track and review all manufacturing spending; propose reclassification entries or accruals as necessary, and note anomalies for management
    • Perform quarterly inventory revaluation price test of inventory for all plants/warehouses
    • Prepare monthly currency exchange reconciliation
    • Reconcile cost of sales numbers
    • Liaise with internal/external auditors for quarterly and annual audits
  • Product Cost Development and Analysis:
    • Perform daily cost runs and validate accuracy of costs on a timely basis
    • Analyze process order variances and work with plants to correct any errors
    • Review purchase price vairance accounts and work with purchasing and plants to correct any errors
    • Perform annual cost role for all prodcuts at each plant/warehouse
  • Annual Budgeting:
    • Work directly with plant management on annual budgets including assumptions, data validation, and variance analysis; load plan to various financial systems as necessary
    • Aide in planning cost of sales components
    • Prepare financial exhibits and variance schedules as required

REQUIREMENTS:

  • Bachelor's degree from four-year college or university
  • Four to ten years related experience and/or training
  • Knowledge of SAP, HFM, Hyperion Planning required
  • Strong proficiency with Microsoft Office suite with advanced understanding of Excel
  • CPA or CMA a plus

OTHER SKILLS AND ABILITIES:

  • Must possess high level analytical skills and ability to recognize trends and errors and explain/correct them
  • Must be action oriented and have the ability to effectively handle multiple projects concurrently, must proactively manage workload, and adhere to deadlines
  • Excellent written and verbal communication skills with the ability to speak with all levels of the organization
  • Ability to work overtime when required during month-end/quarter-end/year-end activities and annual planning
  • Substantial amount of PC work required
  • Some travel required (<10%)
  • Standard business office environment with regular visits to manufacturing plants

All qualified applicants will receive consideration for employment without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.