Cost Accounting Analyst
11 hours ago
We are global, we are impacting the lives of millions every day, we are making a difference At Amcor we are inspired to change the packaging industry and are taking on the aspirational challenge to make all our products recyclable or reusable by 2025. Through our products and global footprint, we are in a unique position to truly make a difference in the packaging space. Our products impact the lives of millions of people across the globe every day from food, beverage, pharmaceutical, medical, home- and personal-care, and other essential products. Amcor is a thriving S&P 500 organisation listed both on the NYSE (AMCR) and ASX (AMC) with US$13 billion in sales. We have a proud history dating back to the 1860's and come a long way from a single paper mill based in Melbourne to becoming the global leading packaging company. Today, Amcor is an international organisation empowering its 50,000 employees in over 40 countries and across 250 sites. Will you be next to join our journey towards a more sustainable future?At Amcor we are always looking for talented and passionate individuals who are motivated to make a difference. Working at Amcor means you will have a unique opportunity to be a part of an organisation that is committed to providing sustainable packaging solutions. To find out more about our commitment to sustainability and about Amcor, visitwww.amcor.com. Job Description Position Overview This role is part of the Amcor Rigid Packaging North America (NA) Accounting Shared Services team and reports to the Sr. Manager, Inventory and Cost Accounting. As aCost Accounting Analyst, you will play a crucial role in assessing and optimizing the financial aspects of our manufacturing operations. Your primary responsibility will be to analyze raw material costs, monitor inventory, and ensure accurate financial reporting. You will collaborate with cross-functional teams to provide valuable insights that drive cost efficiency and profitability. The role requires the successful candidate to have strong accounting, systems, and analytical skills along with high attention to detail and the ability to work effectively with a variety of stake holders. Responsibilities Raw Material Cost Analysis: Analyze cost impacts of price changes for specialty resins, additives, etc. Collaborate with Commercial and Procurement teams to support customer pricing of these materials. Collect and analyze data related to raw material purchases, inventory, and customer usage. Validate, track, and forecast the costs associated with procuring and using raw materials (including factoring in inventory levels / amounts on hand) Monitor fluctuations in raw material prices and assess their impact on overall costs. Analyze changes in product design, raw materials, and manufacturing methods. Evaluate effects on overall costs and profitability. Standard Cost Setting: Establish standard costs for raw material inputs. Develop, monitor and analyze cost standards based on industry benchmarks and internal processes. Cost-Volume-Profit (CVP) Analysis: Conduct CVP analysis to understand the relationship between costs, volume, and profit. Provide insights into cost structures for different business scenarios. Account / Supplier Reconciliations: Ensure accurate reconciliation of cost-related accounts. Investigate discrepancies and recommend corrective actions. Support and verify the 3-way match and payment processes. Support supply chain financing processes, accounting and reporting Financial Reporting: Prepare audit reports related to cost accounting. Present findings to management, highlighting cost trends and areas for improvement. Balance Sheet Management / Internal Controls: Manage the related balance sheet account, ensuring accurate recording of cost-related transactions. Process includes intercompany accounting and mana
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Cost Accounting Analyst
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