Responsible for planning, directing and monitoring the activities related to the company's costs systems and analysis of product costs and contribution margins - including details for prime, conversion and logistics costs.
Prepare standard cost simulation in order to help in valuation of inventory and making sound business decisions
Update standards and option bill of materials (BOMs) which include material and labour hours etc.
Work directly with Manufacturing and Warehouse to audit and update BOMs based on actual material picked or used on the production line. Drive improvements in MRP accuracy, increased pick list accuracy, reduction of Out of Stocks and shortages based on data gathered.
Work directly with Engineering to update drawings or work instructions based on production line audits (materials and standard hours).
Work directly with Finance to ensure BOMs are pulling material, labour and overhead costs used in forecasting, month end close and model year pricing.
Support New Product Development (NPD) by assisting with initial BOM generation and cost estimates
Provide Operations Controller support with month end close, P&L and Balance Sheet reconciliations and other projects as identified related to total Cost of Goods Sold (COGS).
Partner with cross functional teams like Mfg. Finance , Production , R&D etc. in order to get the required costing inputs to be incorporated for the working
Analyzes changes in product design, raw materials, manufacturing methods, or services provided, to determine effects on costs
Records cost information for use in controlling expenditures
Represent Finance/Accounting on teams designed to improve operations, reduce costs, etc.
Develop and maintain standard costs of finished goods and production components in a worldwide ERP system
Recommends cost efficiencies in new product layouts