Senior Cost & Inventory Financial Analyst

What you’ll do:

PRIMARY FUNCTION: 
As part of the finance/accounting group, this position is responsible for reporting & analyzing financial, COGS, routings, BOMS and inventory results. This position is expected to support closely operations and other functions (PLM’s, staff. supervisors, etc.), through timely and accurate achieving and/or exceeding financial goals. This position supports Finance Manager (Plant Controller) for ensuring financial accounting activities at the location are with USGAP and MXGAP, local statutory requirements and Eaton Corporate policies and practice.  This role supports the development of and analysis of forecasts and actual performance and operational metrics, as well as being responsible for the participating in the profit plan with a focus on cost savings projects, scrap, production volume and cost.

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Essential Functions:

A.    As the plant is new creation, this position will be responsible for analyze cogs structure, review current routings and BOMS to ensure profitability and a correct absorption rate for Monterrey Operations.
B.    Coordinate cost accounting process and cost maintenance to ensure accuracy of BOM’s, routings and standard cost. Assists in periodic reviews and updates are performed as required, including review of variance analysis to drive continuous improvement. Including costing for new projects     
C.    Responsible in preparation of the profit plan, rolling forecast and weekly performance reporting for cost & inventory related metrics and figures. Drives business to meet or exceed short term & long-term goals, initiatives, and expectations.
D.    Review, analyze, and evaluate department budget system for the assigned departments.  Develop and implement reports for management use in evaluating results against performance targets.
E.    Provide business partnership to all areas of plant regarding functional expertise and cross-functional support, providing guidance and education as needed to plant personnel to achieve financial objectives. Act as advisor and provide counsel to plant staff and personnel regarding financial operations and interpretation of financial information.
F.    Coordinate cost accounting process and cost maintenance to ensure accuracy of BOM’s, routings and standard cost. Assists in periodic reviews and updates are performed as required, including review of variance analysis to drive continuous improvement. Including costing for new projects
G.    Analyze low cost margin, work with operations to identify production strategy.
H.    Partner with materials and quality teams to ensure controls are in place to follow the on-hold levels as per internal policy and controls
I.    Partner and supports  IC costing and MPV reviews and reports related to general cost for legacy business
J.    Lead processes to identify and quantify cost out opportunities and related data capture in database.  Ensure integrity of financial information related to cost out projects.
K.    Support implementation of improvements to monthly closing procedures ensuring accuracy and timeliness, as well as continuously develop and improvement of financial modeling and tools.
L.    Ensure accurate and timely submission of data to the various Eaton systems (Oracle, Wisper, RSD, Encore, DFT, OBIEE, Dashboard, etc.)
M.    Coordinate annual physical inventory for finance activities ensuring compliance with corporate procedures and accuracy of physical count.  Ensure appropriate cycle count procedures are deployed. 
N.    Responsible for review and release of scrap material and production completions reporting, COGS, material prices variances, cost updates, and other cogs related activities
O.    Establish and monitor compliance with internal accounting controls deemed necessary to ensure integrity of financial transactions, reporting and activities; and safeguarding of plant.  Ensure compliance
of statutory requirements as applicable to the plant. 
P.    Support and lead department activities related to process improvements and standard work.  Assists in maintaining an atmosphere of continuous improvement and team efforts for accomplishing department and plant goals. Deploy & sustain lean tools and initiatives in order to reduce waste and improve efficiency of the finance function.

Qualifications:

Education: 
A.    Bachelor's degree in Accounting, Finance, or related degrees

Experience:
A.    Bilingual: Spanish and English
B.    Three or more years of experience.  Experience in a manufacturing environment and cost accounting.
C.    Technical capability to prepare, analyze and interpret financial and operational data/reports.
D.    Superior analytical and thinking skills; Intellectual rigor and curiosity; problem-solving capability
E.    Strong Interpersonal Skills in order to communicate with internal customers as well as Eaton Management.
F.    Knowledge of Microsoft Office, especially spreadsheet software packages Excel. Experience in Oracle and Mapics is a strong plus
G.    Sound working knowledge of US GAAP, Sarbanes Oxley and local statutory requirements (MX GAAP).
H.    Understanding of global business issues, including foreign currency impacts, effective hedging protocols and local customs and duty requirements.