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Job Purpose and Impact

The Product Costing Analyst will provide product costing expertise to ensure resources used during the manufacturing process are systematically recorded and reported in support of costing and profitability strategies. In this role, you will work closely with the finance and operations team to develop activity based product cost standards that represent the true cost of goods manufactured, ensure when changes are proposed, the effects on the product costs are as intended and monitor the product costing process to ensure that transactions recorded reflect actual activity. You will serve as the domain specialist for product costing to analyze price and usage variances and advise the operations teams on possible methods to sustain or improve the manufacturing process.

The preferred locations are Italy, Spain, United Kingdom, Netherlands, Belgium, Bulgaria, Norway and Germany.

Key Accountabilities

• Lead yearly product costing planning initiatives which includes production volumes and spending, calculating and analyzing activity rates and allocations. Finally to ensure the set up of reasonable standard cost include material cost, activity rate, and overhead allocation.

• Align stakeholders on the design and development of costing solutions and the fit with other processes using knowledge of complex costing and pricing models and their impact on design, profitability and controlling profitability analysis reporting.

• Review and approve new and revised bills of materials and receipts and to ensure they properly reflect the true cost of production and align with the business’s product costing policies and strategies.

• Analyze product costing trends at the cost component level and identify and report on trends including fixed versus variable costs and oversee the execution of monthly product cost estimates.

• Routinely monitor purchase price variances and process order variances and proactively identify, research, and facilitate correction of pricing or activity errors and oversee the execution of monthly product costing estimates.

• Reconcile period end material ledger valuation to ensure end balances for quantities and pricing are aligned with the product costing process and identify and report non distributed or non allocated product costs, analyzing root causes of issues and facilitate resolution to prevent reoccurrence.

• Provide domain expertise for product costing and participate in the drafting of policies and procedures that impact the material ledger or product costing and assist in building and validating processes that support adherence.

• Independently handle complex issues with minimal supervision, while escalating only the most complex issues to appropriate staff.

• Other duties as assigned

Qualifications

Minimum Qualifications

• Bachelor’s degree in accounting, finance or related field or equivalent experience

• Deep understanding in accounting and financial statement impacted by related to Cost of Goods Sold/Cost of Goods Manufactured and inventory valuation under various accounting standards local and global

• Experience in plant finance related management reporting, planning, product profitability and plant performance analytics in manufacturing industry

• Strong SAP CO knowledge, especially in standard cost calculation, cost capture and allocation, variance analysis, month end closing, material ledger is a must.  

• Deep understanding in costing value flow and is able to analyze to provide business costing insight and improvement suggestions for plant and supply chain.

• Strong leadership, manage complexity, drive result skills and flexible in rapidly changing enjoyment.

• English communication

• Minimum of 7~10 years of related work experience in 

Preferred Qualifications 

• Has participated SAP implementation and take critical roles like Process Expert, SME (subject matter expert) or super suers in CO area

• Knowledge in SAP PP/PI is a plus

• SAP CO consultant background is a plus

• Experience in global/regional exposure is a plus