Job Purpose and Impact
The EMEA CBI Product Costing Sr Analyst will own the product costing process for one business segment (CBI) within the region, partner with the business to explain costing results and exercise control and monitoring activities, to ensure key cost drivers are systematically recorded and reported in support of costing and profitability strategies. In this role, you will work closely with the finance and operations teams to develop and improve 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. As the domain specialist for product costing, you will analyze price and usage variances and advise the operations teams on possible methods to sustain or drive upstream process improvement. Key Accountabilities
Lead yearly product costing planning initiatives which includes production volumes and spending, calculating and analyzing activity rates and allocations.
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 processes.
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,
Strong knowledge of enterprise resource planning modules enabling product costing methodologies.
Strong SAP CO knowledge, especially in product costing (CO-Product Costing, material ledger) for product cost planning, cost object controlling, month end closing is a must. Deep understanding of SAP FI/CO modules enabling standard prices, actual price/PUP and variance allocation as well as set up of related master data
Knowledge in SAP PP/PI, MM and SD modules is a plus
Minimum of four years of related work experience
Preferred Qualifications
Experience within an activity based costing environment.
Experience with production flows and process including supply chain.
Managing multiple priorities and projects effectively.
Experience with production plants budgeting and/or management reporting.
Our Offer
We provide a fast paced stimulating international environment, which will stretch your abilities and channel your talents. We also offer competitive salary and benefits combined with outstanding career development opportunities in one of the largest and most solid private companies in the world.
Interested? Then make sure to send us your CV and cover letter in English today:
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