CEDENT
Senior Manager, Inventory and Cost Accounting
CEDENT, Ann Arbor, Michigan, us, 48113
Title: Senior Manager, Inventory and Cost AccountingLocation: Ann Arbor, MI
Terms of Hire: Full Time
Salary: $130-150 K/YR + Benefits
Job Description:The role is responsible for managing all aspects of inventory accounting, including managing complex raw material (resin) pass-through arrangements with customers, resin accounting including Material Price Variance (MPV)/FIFO, resin inventory and payables valuation, overhead costing, inventory policy, and internal controls, as well as supporting the business by analyzing inventory costs and trends, working with procurement and business groups on forecasts and analytics, and preparing working capital/cash flow forecasts. The successful candidate must manage multiple conflicting demands and work effectively with a variety of stakeholders.
Essential Responsibilities and Duties:
General Responsibilities:
Lead ARP NA shared service inventory function supporting two separate North America Business Units (Beverage Division and Specialty Containers) and more than 25 plants.
Act as a change agent within ARP finance community identifying and driving best practices, promoting the implementation of new requirements and driving process improvements.
Provide sound financial and economic advice to key stakeholders on inventory-related matters.
Account Support:
Manage resin accounting by providing guidance and leadership in the areas of MPV/FIFO calculation, resin inventory, and payables valuation.
Manage process for maintaining, reviewing, and analyzing overhead costs in ending inventory.
Lead inventory and resin accounts payable forecasting process, including impacts of resin purchases and sales on working capital and cash flow.
Work with Commercial Finance teams on new (or revised) resin pricing; ensure prices are implemented correctly and timely in accordance with contracted resin market price movements.
Collaborate with Procurement and Business Finance providing timely and detailed analysis related to impact of resin prices on company profitability and quantifying resin-related savings.
Support and account for raw material derivatives; coordinate with Commercial Finance teams and local procurement team (along with corporate procurement team in Zurich, Switzerland).
Manage, review, and update cost standards for resin and other materials on an annual basis.
Research resin market trends and communicate key pricing changes or market movements to ARP Finance and Commercial leadership teams.
Oversee resin MPV monthly forecasting and yearly budgeting process; provide detailed analysis/bridges and commentary covering year-over-year and operating plan variances.
Partner with procurement teams on sourcing initiatives and ensure data integrity of profitability and financial modeling.
Manage special projects and drive process improvement initiatives, as needed.
Lead M&A integration activities as needed, including system implementations, for the above areas and work with a cross-functional team.
Compliance Process / Coordination:
Establish, monitor, and enforce internal controls and ensure compliance with policies and procedures.
Ensure transactions correctly reflect the legal/tax structure of our various domestic and international subsidiaries.
Support internal and external audits and activities related to Amcor’s quarterly reporting periods and statutory close requirements.
Review and approve journal entries and account reconciliations, ensuring month-end reporting activities are performed timely and accurately.
Work with Group Treasury in identifying and managing FX risk in the respective areas.
Team Leadership & Talent Development:
Lead, manage, and develop a team of three accounting professionals.
Attract, retain, engage, motivate, and develop bench strength within the team to enable internal promotion and transfer as opportunities arise.
Qualifications:
Bachelor’s degree in Accounting or Finance required. Master’s degree in Accounting/Finance is preferred as well as CPA or CMA designation.
10-15+ years of increased responsibility within inventory/cost accounting in a large, complex, multi-location manufacturer (preference given to candidates with US Public Company experience).
Strong general accounting skills, including a thorough understanding of US GAAP inventory rules and requirements.
Strong systems aptitude with preference given to candidates with SAP ERP. SAP BPC and SAP Business Objects experience.
Good business understanding of the commodity markets, preferably the petro-chemical value chain.
Strong Microsoft Office skills (especially MS Excel) required.
Understands financial statement relationships between balance sheet, income, and cash flow statements; demonstrated experience developing/modeling financial statements.
Excellent oral and written communication skills; capable of clearly articulating thoughts.
Unrelenting integrity and ethics.
Professional with strong overall business acumen.
Effective team player who interacts well with others.
Ability to multi-task, meet strict deadlines and work under pressure.
Occasional travel (less than 5%).
You Will Enjoy:
An opportunity to be a part of a great culture, an awesome team, a challenging work environment, and some fun along the way!
Apply today to learn more and be part of our Growth story.
All applications will be kept strictly confidential and once shortlisted, our team will be in touch with you for further discussions.
#J-18808-Ljbffr
Terms of Hire: Full Time
Salary: $130-150 K/YR + Benefits
Job Description:The role is responsible for managing all aspects of inventory accounting, including managing complex raw material (resin) pass-through arrangements with customers, resin accounting including Material Price Variance (MPV)/FIFO, resin inventory and payables valuation, overhead costing, inventory policy, and internal controls, as well as supporting the business by analyzing inventory costs and trends, working with procurement and business groups on forecasts and analytics, and preparing working capital/cash flow forecasts. The successful candidate must manage multiple conflicting demands and work effectively with a variety of stakeholders.
Essential Responsibilities and Duties:
General Responsibilities:
Lead ARP NA shared service inventory function supporting two separate North America Business Units (Beverage Division and Specialty Containers) and more than 25 plants.
Act as a change agent within ARP finance community identifying and driving best practices, promoting the implementation of new requirements and driving process improvements.
Provide sound financial and economic advice to key stakeholders on inventory-related matters.
Account Support:
Manage resin accounting by providing guidance and leadership in the areas of MPV/FIFO calculation, resin inventory, and payables valuation.
Manage process for maintaining, reviewing, and analyzing overhead costs in ending inventory.
Lead inventory and resin accounts payable forecasting process, including impacts of resin purchases and sales on working capital and cash flow.
Work with Commercial Finance teams on new (or revised) resin pricing; ensure prices are implemented correctly and timely in accordance with contracted resin market price movements.
Collaborate with Procurement and Business Finance providing timely and detailed analysis related to impact of resin prices on company profitability and quantifying resin-related savings.
Support and account for raw material derivatives; coordinate with Commercial Finance teams and local procurement team (along with corporate procurement team in Zurich, Switzerland).
Manage, review, and update cost standards for resin and other materials on an annual basis.
Research resin market trends and communicate key pricing changes or market movements to ARP Finance and Commercial leadership teams.
Oversee resin MPV monthly forecasting and yearly budgeting process; provide detailed analysis/bridges and commentary covering year-over-year and operating plan variances.
Partner with procurement teams on sourcing initiatives and ensure data integrity of profitability and financial modeling.
Manage special projects and drive process improvement initiatives, as needed.
Lead M&A integration activities as needed, including system implementations, for the above areas and work with a cross-functional team.
Compliance Process / Coordination:
Establish, monitor, and enforce internal controls and ensure compliance with policies and procedures.
Ensure transactions correctly reflect the legal/tax structure of our various domestic and international subsidiaries.
Support internal and external audits and activities related to Amcor’s quarterly reporting periods and statutory close requirements.
Review and approve journal entries and account reconciliations, ensuring month-end reporting activities are performed timely and accurately.
Work with Group Treasury in identifying and managing FX risk in the respective areas.
Team Leadership & Talent Development:
Lead, manage, and develop a team of three accounting professionals.
Attract, retain, engage, motivate, and develop bench strength within the team to enable internal promotion and transfer as opportunities arise.
Qualifications:
Bachelor’s degree in Accounting or Finance required. Master’s degree in Accounting/Finance is preferred as well as CPA or CMA designation.
10-15+ years of increased responsibility within inventory/cost accounting in a large, complex, multi-location manufacturer (preference given to candidates with US Public Company experience).
Strong general accounting skills, including a thorough understanding of US GAAP inventory rules and requirements.
Strong systems aptitude with preference given to candidates with SAP ERP. SAP BPC and SAP Business Objects experience.
Good business understanding of the commodity markets, preferably the petro-chemical value chain.
Strong Microsoft Office skills (especially MS Excel) required.
Understands financial statement relationships between balance sheet, income, and cash flow statements; demonstrated experience developing/modeling financial statements.
Excellent oral and written communication skills; capable of clearly articulating thoughts.
Unrelenting integrity and ethics.
Professional with strong overall business acumen.
Effective team player who interacts well with others.
Ability to multi-task, meet strict deadlines and work under pressure.
Occasional travel (less than 5%).
You Will Enjoy:
An opportunity to be a part of a great culture, an awesome team, a challenging work environment, and some fun along the way!
Apply today to learn more and be part of our Growth story.
All applications will be kept strictly confidential and once shortlisted, our team will be in touch with you for further discussions.
#J-18808-Ljbffr