What are the responsibilities and job description for the Manager of Cost Accounting position at Howmet?
Responsibilities
Overview :
Reporting to the VP of Finance, Howmet, Howmet Structures Systems (HSS) is seeking a Cost Accounting Manager in the Cleveland area to support multiple manufacturing locations in driving and delivering continuous product costing improvement, timely and accurate work order closure and overall product portfolio profitability analysis and forecast by location.
The manufacturing locations within the Cleveland area are in Niles, Canton and Cleveland. Additional locations are in Minnesota, Missouri, Texas, Georgia, West Virginia and Laval, Canada. The position is at our Cleveland offices, but the successful candidate is expected to travel to support on-site at others as needed.
Specific Responsibilities Include :
- Work closely with Location Finance, Operations and Commercial teams to build, analyze and distribute monthly DVP report (Direct Variable Profit) by business / location. The DVP report is an essential tool utilized to understand product and customer profitability and is used to inform strategic decision making.
- Assist Location teams with improving ERP reporting and data utilization with the goal of better understanding custom / product profitability, driving process productivity and strengthening inventory and cost controllership.
- Be a strong business partner to the locations / businesses by developing a deep understanding of their systems, products and processes. Partner to drive a continuous improvement mindset and establish best practices.
- Guide Senior Leadership on strategic commercial decisions related to new contract bids, pricing decisions and productivity cost actions.
- Establish a common set of controls and procedures to ensure compliance with Howmet Accounting Standards and Guidelines.
- Manage and co-ordinate the standard costing environments at each manufacturing location to ensure congruence in a standard approach and validate accuracy of calculations for financial and business reporting.
- Ensure raw materials is appropriately costed and regularly reviewed / updated.
- Ensure inflationary costs are appropriately reflected in standards and that the frequency / cadence of updates is suitable.
- Support location Controllers with preparing standard cost rolls and challenging assumptions to align best practices across the division.
- Support Product Management with margin analysis to improve understanding of true profitability and pricing decisions.
- Be the conduit between Product Management, Operations, Engineering, IT and Finance in ensuring the accuracy of standard costs, communicating changes, and driving cost reduction initiatives.
- Understand and report reasons for locations outside of the 5% absorption tolerance for financial accounting compliance, providing supporting analysis where required.
- Educate finance and non-finance employees at manufacturing locations in cost accounting principles, approaches, analytics etc. to upskill talent.
- Provide general support to location finance teams as required, especially during periods of staff turnover.
Qualifications
Minimum :
Preferred :
Skills :
About Us
About Howmet Aerospace
Howmet Aerospace Inc. (NYSE : HWM), headquartered in Pittsburgh, Pennsylvania, is a leading global provider of advanced engineered solutions for the aerospace and transportation industries. Our primary businesses focus on jet engine components, aerospace fastening systems, titanium structural parts and forged wheels. With $6.6 billion in revenue in 2023, our products play a crucial role in enabling fuel efficiency and lightweighting, contributing to our customers' success and making a positive impact on the world. To learn more about the way Howmet Aerospace Inc. is advancing the sustainability of our customers, markets, and communities where we operate, review the 2023 Environmental Social and Governance report at www.howmet.com / esg-report .
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Howmet is proud to be an Equal Employment Opportunity and Affirmative Action employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or other applicable legally protected characteristics.
If you need assistance to complete your application due to a disability, please email TalentAcquisitionCoE_Howmet@howmet.com
Job Info
Job Identification 111152
Job Category Finance
Posting Date 11 / 26 / 2024, 06 : 22 PM
Locations
1600 Harvard Avenue, Cleveland, OH, 44105, US
Job Schedule Full time
Remote Work Schedule Availability? Partially Remote
Export-Controlled Data This position entails access to export-controlled items and employment offers are conditioned upon an applicant's ability to lawfully obtain access to such items
