MAIN DUTIES AND RESPONSABILITIES
1. Cost Control
- Ensure standard Cost is calculated in compliance with Group Methods & procedures.
- Deliver accurate reporting and provide meaningful variance analysis.
- Update of the standard production costs for CRP activity at least twice a year.
- Ensure Accounting of Factory expenses to be on-time and with proper posting to its Financial Dimensions
- Ensure that actual production costs are properly allocated and accounted for.
- Calculate and simulate standard costs.
- Oversee cost accounting processes to accurately determine the cost of manufacturing products or goods.
- Analyze cost data to identify cost-saving opportunities and improve cost efficiency.
- Implement and maintain inventory valuation methods and controls.
- Compute monthly manufacturing costs by product. Analyze deviations between actual and standard costs in Factory P&L, leading production orders review with Operations (production, supply chain).
- Analyze margins by Customer and Products.
- Update Budgeted Cost once a year.
- Provide Costing analysis for couplers (cost per model) and identify productivity improvements thanks to Standard cost monitoring and simulations.
- Automate the reporting thanks to Power BI, Management reporter and AX reports.
2. Inventory Control
- Preparation and Propose Stock Policy with the help of Supply Chain every quarter.
- Initiate the inventory cycle count process, analyze discrepancies and adjustments.
- Monitor stock adjustments.
- Analyze inventory variations, including slow moving stocks and unusual stock transactions.
- Control Slow moving inventories.
3. Cost Reduction and Efficiency Improvements:
- Collaborate with operations and production teams to identify and implement cost-saving initiatives and process improvements.
- Review of Industrial Saving plan on regular basis.
4. Financial Reporting- Ensure monthly closing of costing entries within closing deadlines.
- Perform analysis of major production costs, in comparison with Budget and propose improvements.
- Issue monthly and ad hoc reports on operations, costs, margin, and inventory.
- Provide controlling support to their local Business Units, including preparation of budgets and forecasts, monthly closings, and other financial planning & analysis activities on a timely basis.
- Manage financial and operational controls and metrics, ensuring accurate and timely delivery of monthly financial/yearly statements, forecasts, and analysis.
- Animate and coordinate the Factory P&L report review, communication, and cost savings action plan.
- Prepares monthly "Statement of Goods Manufactured" for Couplers and Threads, analysis of variances vs. STD and monitor the back on track action plan.