Sr. Manager, Cost Accounting and Finance

THE ROLE: 
Provide support to Sr Director, US Plant Operations Finance in the cost accounting and financial reporting area.  The primary responsibilities are to lead all aspects of the cost system, inventory valuation, physical and cycle counts, to lead effort to develop budgets and forecasts, to develop, report and analyze performance metrics.  Also, responsible for managing the Financial integration of HIM-VA. Directly responsible for standard setting, product costing and analysis, including understanding the elements of cost, standardizing the costing process and calculating Gross Margin. Responsible for reviewing manufacturing variances including material yield, material usage, labor and overhead variances and determining root cause.  

 

HOW YOU WOULD CONTRIBUTE:  

•   Prepare all Request for Quotations (RFQ, product cost) as requested by the sourcing group on a timely basis.
•   Standardize the product costing process among different SKU and product types.
•   Develop a model to assign actual cost at the product level and compare to standard cost.
•   Responsible for the plant’s operating budget process, preparing the plant’s overhead and labor budgets, determining raw material and packaging material costs, calculating the cost impact of changes in raw material, labor rates and overhead spending.
•   Prepare monthly forecast and compare to the operating budget.
•   Assist in the preparation of the annual capital budget.
•   Provides management with reports specifying and comparing factors affecting prices and profitability of products and services. Calculate the product gross margin percent within the corporate guidelines.
•   Build and prepare metrics to aid in measuring and improving the manufacturing and operations processes
•   Analyzes changes in product design, raw materials, manufacturing methods, or services provided, to determine effects on product costs
•   Prepare manufacturing performance reports and analysis e.g. PPV, material usage, plant utilization, efficiencies, costs per unit
•   Plans study and collects data to determine costs of business activity such as raw material purchases, inventory, and labor
•   Lead presentations to local management team and executive management as the need arises
•   Interact with all levels of management including executive management
•   Assist in process and system upgrades and improvements 
•   Interacts with other departments, such as Corporate Accounting, IT, Purchasing and Quality
•   Prepares special reports and assists in special projects as assigned by Management
•   Assist in training of newly hired accounting representatives
•   Demonstrates initiative in all aspects of Plant Accounting
•   Ability to work with tight deadlines and meet department goals
•   Communicates effectively and clearly in verbal and written form.
 

QUALIFICATIONS: 
Skills: 
Required
•   Proficient with PC skills including Windows, Excel and Word
•   Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists
•   Ability to interpret a variety of instructions furnished in written, oral, diagram or schedule form
•   Ability to respond to common inquiries or complaints from customers, regulatory agencies, or members of the business community
•   Ability to read, analyze and interpret common financial reports, and legal documents.
•   Ability to effectively present information to top management
•   Ability to organize workload and multitask to meet deadlines
•   Carry out responsibilities with minimal direction
•   Ability to interact effectively at all levels with sensitivity to cultural diversity
•   Ability to adapt as the external environment and organization evolves.
Preferred
•   Advanced Excel skills

 

Experience: 
Required
•   5+ years manufacturing experience
•   8+ years prior cost accounting experience
Preferred
•   Prior supervisory experience
•   Experience in Oracle

 

Education: 
Required
•   Bachelor’s Degree in Accounting/Finance or related field
Preferred
•   MBA Degree or CPA, CMA

 

 

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Herbalife offers a variety of benefits to eligible employees in the U.S. (limited to the 50 States and the District of Columbia), which includes Group Health Programs, other Voluntary Benefit Programs, and Paid Time Off. Group Health Programs include Medical, Dental, Vision, Health Savings Account (HSA), Flexible Spending Accounts (FSA), Basic Life/AD&D; Short-Term and Long-Term Disability, and an Employee Assistance Program (EAP). Other Voluntary Benefit Programs include a 401(k) plan, Wellness Incentive Program, Employee Stock Purchase Plan (ESPP), Supplemental Life/Critical Illness/Hospitalization/Accident Insurance, and Pet Insurance. Paid time off includes Company-observed U.S. Holidays, Floating Holidays, Vacation, Sick Time, a Volunteer Program, Paid Maternity and Paternity Leave, Bereavement Leave, Personal Leave and time off for voting.