American Standard

  • Sr Financial Analyst, Supply Chain

    Job Locations US-NJ-Piscataway
    Posted Date 4 months ago(4 months ago)
    Job ID
    2018-2240
    # of Openings
    1
    Category
    Finance
  • Overview

    The Supply Chain Senior Financial Analyst will support the supply chain division by providing financial analysis to the Manufacturing, Logistics and Procurement groups in the company. This role will be responsible for accounting, reporting, and analytical duties within the COGS (cost of goods sold) section of the income statement. This position has a key role on the Annual Operating Plan development; coordinates and directs annual cost roll-up and consolidation with the manufacturing facilities, distribution centers and purchasing group.   As an integral member of the Finance team, this position not only effectively tells the story of significant cost drivers affecting COGS to senior management, but is capable of preparing and request action plan to the different stakeholders within the organization.

    Responsibilities

    • Provide effective analysis and understanding of COGS actual results, budget development, and variance reporting to senior management by developing insightful reporting that helps to understand current financial performance and set the future direction of the organization.
    • Perform month end close responsibilities related to supply chain including freight accrual analysis, capitalized variance analysis, expense reclassifications, and SG&A adjustments
    • Lead the supply chain Annual Operating Budget (AOP) by coordinating the timelines and execution of the SG&A budget, product standards, cost of third party purchases, capital investments and ensuring that all outputs reconcile to corporate financial targets and results
    • Partner with plant controllers to analyze and understand their AOP plans per facility and validate that their productivity and savings projects align to their targets
    • Responsible for analyzing and optimizing purchase price variances by reviewing the how the AOP plan was built versus actual results generated by purchase order prices, standard prices, and the variances from sourcing decisions.
    • Identify workflow inefficiencies and propose solutions to streamline processes necessary to support our rapid growth and cost efficiency.
    • Responsible for setting up the standard cost for products received at the distribution centers related to supplier purchases or conversion products including bill of materials, routings and time consumed.
    • Review and establish the annual capital expenditure budget, including responsibility for reviewing the accuracy of the Project Expenditure Authorization Requests (PEAR) that is the document for investment approvals
    • Assess performance trends within supply chain and propose corrective measures in the case of deterioration related to KPIs and in support of continuous improvement initiatives.
    • Consolidate and review productivity savings projects and results and assist supply chain leaders in interpreting their results related to the divisions profit and loss statements
    • Identify and implement ongoing cost savings strategies, benchmarking, and incorporate new practices
    • Review and ensure the accuracy of financial reporting.
    • Develop and monitor processes and procedures to ensure internal financial controls are in place to safeguard the organization’s assets
    • Contribute to our culture of being collaborative, respectful, transparent, ethical, efficient, high-achieving, and become a change agent.
    • Other accounting or financial tasks as required by the Director of Finance.

    Qualifications

    This position requires excellent analytical and negotiation skills, experience in a manufacturing, cost accounting, and the ability to perform at high levels in a fast-paced, dynamic environment.

    Technical competencies:

      • BS in Accounting, Finance, Economics.
      • 3+ Years of relevant work experience
      • Strong understanding of Cost Accounting Principles and methodologies related to product costing, bills of material, manufacturing routings and inventory control.
      • Experience in developing financial analysis for price variances, in standard vs. out of standard valuation and sourcing decisions
      • Experience with distribution and transportation management
      • Full understanding of accounting systems and procedures
      • Experience in Supply Chain (Manufacturing, Procurement, Transportation, Logistics)
      • Planning, Budgeting and Cost Control methods and concepts
      • Strong computer skills MS Office & Access
      • Fluency in Spanish Preferred

     

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