Maintain standard costs of raw materials, machines, and finished goods.
Ensure accurate identification and recording of costs in the system.
Prepare month-end costing reports and highlight variances between estimated and actual operations.
Conduct analysis of machine hour rate calculation, inventory valuation, variance analysis, etc.
Prepare cost audit reports.
Estimate costs for new products.
Reserve working E&O (Excess and Obsolete) & NRV (Net Realizable Value).
Lead the API (Application Programming Interface) for the plant.
Handle month-end costing accrual and lead the month close for the Business Unit.
Set up costing in Oracle for new products and check routing for current products.
Support other plant-related issues (GR Waiver, FA related activities, AP/AP).
Additional Responsibilities:
Run monthly cost updates and/or prepare standard cost data including annual cost roll-up.
Maintain cost master; create and maintain costing for new items.
Develop and conduct basic cost audits and cost analysis.
Analyze cost variances (IPV/PPV) and monthly movements, determine root causes, and prepare recommendations for improvements.
Identify data analysis needs and work with appropriate departments to obtain data regularly.
Prepare analysis and draft presentation materials for review by the supervisor.
Assist in the inventory valuation process.
Competencies:
Business Partnering: Collaborates with stakeholders and develops partnerships to drive performance that aligns with organizational goals and strategies.
Financial Analysis: Interprets financial data by analyzing trends, variances, opportunities, and risks to provide insight to stakeholders.
Financial Internal Controls: Leverages internal control framework by assessing internal controls and developing remediation plans.
Financial Reporting: Analyzes financial data and prepares and presents financial information to support business decisions.
Product Costing: Establishes total material costs and develops labour and overhead rates to ensure inventory is costed in compliance with company policies.
US Generally Accepted Accounting Principles: Evaluates US accounting standards to record transactions in compliance with requirements and company policies.
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