Costing Operations Manager
5 days ago
Job Overview:
- DELFI MARKETING, INC. is seeking a Costing Operations Manager to oversee the company's costing processes and ensure accurate financial reporting.
Duties and Responsibilities:
- Translate total company plans and objectives into working budgets that are accurate, realistic, and comprehensive.
- Provide management with reliable and accurate product costing/production variance reports to inform pricing decisions.
- Design key performance indicators to help management drive factory cost efficiencies.
- Perform sensitivity analysis on product costing and gross margin for major fluctuations in foreign exchange rates or raw material prices.
- Partner with relevant departments to review factory variance reports and implement corrective actions.
- Ensure timely submission of accurate factory financial statements, variance analysis reports, and cost center reports.
- Review co-packing rates and validate them.
- Assess contracts and costing of OEM suppliers.
- Maintain tight control and reconciliation of Raw Material, Packaging, Finished Good, and Spare part inventory.
Key Responsibilities:
- Prepare, analyze, and ensure accuracy of standard cost budgets.
- Align standard cost budgets with overall company plans and objectives.
- Prepare, analyze, and summarize product costs for monthly book closings.
- Calculate selling prices for local and export sales channels.
- Prepare accurate and timely costing simulations.
- Submit accurate and timely monthly reports to Accounting and Logistics.
- Monitor factory variance reports and ensure corrective actions are taken.
- Submit accurate and timely cost center reports to Engineering, Production, and QA.
- Coordinate with Factory planners and monitor factory machine utilization, product overweight, and machine downtime.
- Participate in detailed costing during price negotiations with co-packers and co-manufacturers.
- Validate feasibility studies and/or cost savings initiatives as requested.
- Monitor fluctuations in foreign exchange rates and raw material prices on product gross profit margins.
- Ensure internal controls are in place and being implemented.
- Update factory/costing data in SAP in a timely manner.
- Closing manufacturing costing accurately and on time.
- Prepare annual budgeting related to production and engineering.
- Advise Senior accounting manager on inventory-related issues.
- Perform other duties assigned from time to time.
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