Cost Controller - Production

Employer
Xecutive Consulting International
Location
Rockford, Illinois
Posted
Mar 08, 2024
Closes
Apr 05, 2024
Ref
2730173296
Work Mode
Work from office
Hours
Full Time
Organization Type
Consultancy, Corporate
PRODUCTION COST CONTROLLER

Company

This global technology group strengthens its customers and society long-term through forward-looking innovations. Together with their partners, customers, and the world of science, they develop leading-edge technologies, and excellent products, solutions, and services for 40 different market segments. The company employs over 50,000 people in 60 countries worldwide. This position is with a financially strong division that employs 2800 in NA with plans for continued expansion.


  • Company prefers to develop managers from their own ranks - even if it means crossing division lines

  • Employee longevity is well above industry norms

  • The company demonstrates and demands understanding, respect and fairness in dealing with each other

  • They give their employees responsibility, trust in them and foster their talents which is reflected in employee longevity that is well above industry norms



Position

The Production Cost Controller is the business partner of the Director of Operations and the local management team responsible for providing solid financial analysis and expertise and support with financial guidance for decision-making. The Production Cost Controller engages actively with all functions in implementing processes and standards and ensures that they are always up to date. The Production Cost Controller identifies through fact-based analysis the areas for improvements in processes and systems to support the organization in becoming more efficient. The Production Cost Controller seeks maximum financial transparency along the full value chain.

Responsibilities


  • Prepare month end financial closing including analysis of production P/L (e.g. variance analysis) and develop financial forecast

  • Continuously monitor key financial KPI (Key Performance Indicators), evaluate risks and provide financial analysis and advice to operations management team regarding efficiency, process improvement and cost savings

  • Ensures adherence with IC (Inventory Control) pricing principles and Transfer Pricing guidelines in line with internal/external standards and requirements

  • Responsible for accuracy of inventory valuations including flow of materials through the plant

  • Responsible for fixed assets including the capital appropriation process, asset valuations and adherence with company fixed asset policies

  • Maintain proper internal controls according to company guidelines

  • Support Make-or-Buy scenarios by providing input regarding local production costs

  • Support operations with development of annual operating plans

  • Maintain current and accurate cost accounting records

  • Supports actively in the implementation of all changes in corporate standards and procedures

  • Interface with interdisciplinary team including corporate, division, and plant management as well as auditors, tax, and legal.



Qualifications


  • Bachelors degree in Finance/Accounting, MBA or CPA preferred

  • Minimum 3 years of experience in cost accounting and financial analysis in manufacturing

  • Strong verbal and written communication skills to lead correspondence with group wide stakeholders

  • Accounting expertise in Balance Sheets and Profit & Loss statements

  • GAAP and IFRS accounting knowledge

  • Cost and investment controlling

  • Working knowledge of ERP SAP preferred

  • Understanding of Lean Methods

  • Expertise working with Microsoft Excel for data analysis


Location

  • Experience the low cost of living in this family-oriented mid-size community with quick access to Chicago, Milwaukee, and Madison.

  • With an award-winning park district, the community offers unrivaled outdoor recreation, markets and ethnic festivals

  • Recently named a Sports Illustrated Sports Town USA this community features Golf Digest-ranked golf courses, endless bike trails, and extensive indoor and outdoor sports centers

  • Excellent private, parochial, and public school to choose from

  • Winter skiing or summer water sports including boating and fishing can be found within a 1-2 hour drive

  • Enjoy the superb restaurants or an eclectic arts community including theater, symphony, museums, and dance without leaving town