JOB DESCRIPTIONManages cost accounting activities, is in charge of cost control methods within a business unit/group.
Develops and/or maintains standard cost system needed to provide an appropriate level of costing information to management.Major Responsibilities:Develops cost standards for materials, labor and overhead by production area.
Providing guidance to get most accurate cost.
Annual cost roll activities such as review price for future year, identify the items by commodity, load to the system, analyze YOY variance, develop reports by business, review inventory impact.Identify areas to reduce costs and effectively improved YOY.
Implementing best cost possible through analysis overhead and labor cost.Calculates and provides accurate costing on new and proposed products.Audit/ Review cycle counts; reports and investigates cycle count variances to resolve issues.
Main player of ABC programLeader of annual physical inventoryOversees production process to assure an adequate inventory transactions.
Making sure controls are performed properly.Prepares timely reports of cost variances with proper explanations (MPV-OMV, Warranty, CC adj, actual versus budget/forecast and prior year).Reviews /develops cost standards for materials, labor and overhead.Weekly reviews of material price varices and other manufacturing variances, to identify opportunities during the month.Assesses and reviews standard cost variances in the bill of materials with engineering and supply chain.
Monthly Review of standard Margin.
Provides tactical support for month-end cost accounting close.Analyze absorption variances actual vs budget and forecast.Prepares and review with materials team the E&O calculation and disposition.
Evaluates, reviews and ensures that proper approvals are obtained for the disposition of obsolete inventory.
Maintains controls and sets processes for the proper disposition of obsolete and scrap material.Prepares and reporting of daily and monthly KPIs.Reconciliations of Sales and COGS and InventoryAttend SOX and external auditsRequired Education / Experience / Skills:Bachelor's degree in Accounting / 6+/ Excel, Bilingual, OracleTravel: YesLanguage: English 80%About Regal RexnordRegal Rexnord is a $6.5B publicly held global industrial manufacturer with 30,000 associates around the world who help create a better tomorrow by providing sustainable solutions that power,transmitand control motion.
The Company's electric motors and air moving subsystems provide the power to create motion.
A portfolio of highly engineered power transmission components and subsystems efficiently transmits motion to power industrial applications.
The Company's automation offering,comprisedof controllers, drives, precision motors, and actuators, controls motion in applications ranging from factory automation to precision tools used in surgical applications.The Company's end markets benefit from meaningful secular demand tailwinds, and include factory automation, food & beverage, aerospace, medical, data center, warehouse, alternative energy, residential and commercial buildings, general industrial, construction, metals and mining, and agriculture.Regal Rexnord is comprised of three operating segments: Industrial Powertrain Solutions, Power Efficiency Solutions, and Automation & Motion Control.
Regal Rexnord has offices and manufacturing, sales and service facilities worldwide.
For more information, including a copy of our Sustainability Report, visit RegalRexnord.com.
