Job Description

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Senior Manager, Cost Accounting

Active - Regular full-time Management Philadelphia, Philadelphia, PA, US

7 days ago Requisition ID: 2377

Job Title: Cost Accounting Sr. Manager

Department: CFO

Reports to: Deputy CFO - CFO 

Direct Reports: 3

Location(s): Philadelphia

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• Summary of Position : ( Brief description of overall responsibilities and function )

The Cost Accounting Senior Manager, leading a dedicated team, ensures that costs for the Company’s products and services are allocated according to Corporate/Division procedures and in compliance financial accounting standards (IFRS). It is responsible for setting up and maintenance of accurate process cost information, reconciliation of standard costs to actual costs, maintenance of perpetual inventory system, participating in the month end close and budgeting process, support of the day-to-day operations and reporting requirements. This position is responsible for maintaining an effective cost accounting system to reduce cost and improve overall profitability across the following areas:

• Total operating expense budget in excess of $250M annual spend across 4 production facilities, warehouses and general administration budgets
• Manage AWPC Capital Appropriation request process across all functions consisting of annual CAPEX requirement of >$10m; lead quarterly AWPC Capital appropriation review with AWPC Leadership
• Inventory management and forecasting more than $500m gross inventory across AWPC operations
• Establish monthly forecasting process and reporting process for all cost centers; identify opportunities and risk and escalate to respective department leads
• Develop hourly rate for all areas and ensure delivery of cost base in-line with budget
• Develop and lead a team of 3 individuals across cost accounting team

 2. Essential Duties and Responsibilities : (Specifically describe the essential duties and responsibilities in order of estimated percentage of time that is spent on each).

Duties and Responsibilities:

% of

 Time

1

In coordination with the Leonardo Helicopter Division cost accounting team, will take ownership and accountability of the AWPC product standard costing process for all production lines assembled at the AWPC facility. (10%)

10

2

Responsible for annual operating plan standard cost update and ad-hoc costing related requests (10%)

10

3

Lead efforts across multiple teams to identify and execute product costing improvements to simplify, streamline, automate and standardize costing related activities (5%)

5

4

Generate and maintain process documentation for all costing related activities ensuring compliance with a best of class internal controls environment (5%)

5

5

Provide support for special projects to improve business performance and processes (5%)

5

6

Assist with calculation and analysis of non-standard COGS and variance accounts for monthly, quarterly and annual reporting (10%)

10

7

Maintains compliance with International Financial Reporting Standards (“IFRS”) to ensure complete, accurate and reliable financial reporting (5%)

5

8

Responsible for oversight of inventory reserve calculations and manufacturing/procurement variances (5%)

5

9

Assist with transfer pricing calculations and analysis of related intercompany elimination activity (5%)

5

10

Provides recommendations for process improvements related to COGS reporting (5%)

5

11

Performs and reviews month-end general ledger reconciliations to ensure accurate monthly recognition and reporting of complex accruals and associated expenses (10%)

10

12

Manage the Cost Centers structure defining opportune classification and accounting treatment (10%)

10

13

Collect Budget and Actual operating cost in order to calculate industrial/Full/Intercompany hourly rate divided by area/function/technology as requested by the LHD controlling model (15%)

15

TOTAL:

 100%

Qualifications for Position : 

A. Education

Bachelor’s Degree in finance or accounting is required; MBA and/or CPA preferred

B. Experience

• 10+ years of relevant finance experience with a minimum 3 years of Cost Accounting experience 
• Proven leader, change agent and self-starter with continuous improvement mindset
• Strong costing accounting experience in a large & complex global manufacturing environment
• Strategic thinker and problem solver with the ability to turn ideas into action while working with cross functional teams
• Excellent analytical and communication skills (written and verbal)
• SAP experience is required

1.

Strong costing accounting experience

2. 

SAP experience

3.

IFRS 

4.

MS Excel

5.

6.

D. Licensure/Certification

Bachelor’s Degree in finance or accounting is required; MBA and/or CPA preferred

Equal Opportunity Employer/Vet/Disability

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