Sr. Cost Analyst

1 week ago

Altoona, PA, United States Vontier Corporation Full time

The Senior Cost Analyst leads the development, maintenance and continuous improvement of product costing, standard cost systems and margin analysis to drive profitable manufacturing decisions. This role involves ensuring accurate costs, monitoring variances, and supporting budgeting and forecasting activities to optimize production costs and improve financial performance

This is a Remote role within the State of PA. Intermittent visits to the facility will be expected as needed. 

Responsibilities

•    Serves as the primary finance owner for inventory management & standard cost, maintaining accurate standard and actual product costs across multiple product lines and business segments
•    Monitor and investigate variances between actual costs and standard costs, providing actionable insights and recommendations
•    Formulate new policies and practices to enhance inventory accuracy and accountability 
•    Define, develop and maintain complex cost models, aggregate data for inventory valuation and provide in-depth analysis
•    Develop and maintain the Excess and Obsolete Inventory model and drive action plan with cross functional teams
•    Lead PPV/VAVE performance through reporting and working with the operations team to develop action plans and countermeasures 
•    Lead the coordination, planning and execution for the Physical Inventory 
•    Factory finance Liaison for all SOX Audit, Annual Audit and Physical Inventory Audit
•    Establish and maintain robust financial controls within the manufacturing environment.
•    Ensure compliance with company policies and accounting standards.
•    Develop and maintain standard costs for products.
•    Identify opportunities for cost-saving initiatives and process improvements
•    Assist in budgeting, forecasting, and cost modelling to support strategic decision-making.
•    Conduct account reconciliations and analysis and drive process improvements to remove waste
•    Support month-end and year-end closing activities related to inventory and cost accounting
•    Implement and improve cost control tools, processes, and systems
• Special projects as required

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