What are the responsibilities and job description for the Cost Manager position at Idex Corporation?
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JOB TITLE: Cost Manager
REPORTING TO: Director of Finance
LOCATION: West Henrietta, NY
ITAR/EAR CRITERIA:
These positions may require lawful access to ITAR/EAR controlled information and employees in this role will need to meet those requirements. Requirements include US Citizenship or US Permanent Resident.
Who is IDEX Health & Science (IH&S)?
As a business unit of IDEX Corporation, IH&S has a long history of driving growth in life sciences and healthcare by embracing innovation and redefining the supplier-customer relationship. The work we do every day allows us to discover key insights and break new ground to create some of the most meaningful technologies that have a lasting impact on companies, industries, and society. One of business segments is called Life Science Optics and we are looking to add more talent to the team.
Life Science Optics (LSO):
Our newly opened Optics Center of Excellence (COE) in West Henrietta, NY, is a manufacturing and R&D focused team that sits at the leading edge of high-end optics for life sciences. Focused on assisting partners at every stage of the development processes, we invest in people and infrastructure to drive bold ideas and pragmatic solutions. With its optics-rich foundation of talent, universities, and supporting businesses, Rochester is the ideal location to elevate your career with fascinating work and endless opportunities.
Our formula for success is simple. We work hard to maintain a culture where you can own your work; you are encouraged to try new ideas in a collaborative environment; and you can apply your skillset to enable our clients to gain a competitive advantage in their own market. At IDEX Health & Science, you have the opportunity to work with a great group of people, mentor others, and build a great future.
SUMMARY
The Cost Manager (CM) is responsible for the overall management, direction, and integrity of the product costing, inventory valuation, and management of working capital for all domestic manufacturing business locations within Life Science Optics (LSO).
The CM actively partners with the Finance Director and Site Operations leaders to ensure that our valuation is both appropriate and within compliance to the policies for the overall corporation.
The CM provides direction to the accounting/finance staff and leads initiatives across the manufacturing sites to improve, automate, and simplify current accounting and reporting processes to maximize their efficiency and effectiveness.
The CM mentors staff and develops talent to support the growing needs of the company.
KEY RESPONSIBILITIES
- Partners and serves as a key resource to local business unit management for financial interpretation and analysis.
- Coordinates with other functional Finance Managers to meet business objectives and provide appropriate support to local business management.
- Oversees and manages monthly and quarterly processes related to Standard Costing, EOZ, and Full Absorption by applying accounting theory and IDEX policy as appropriate and insures the timely and accurate completion of all deliverables to IDEX.
- Oversees inventory accuracy and inventory valuation by implementing and managing policies around cycle counting and physical inventory.
- Supports financial statement audit and SOX audits.
- Contributes to the development of new policies and procedures to develop a robust costing framework and ensures compliance throughout the organization.
- Manages talent by selecting, training, motivating and developing the finance staff.
- Oversight of daily cost accounting procedures such as new product costing and cycle count adjustments
- Operates with a continuous improvement mindset, assessing processes for simplification and efficiency
JOB QUALIFICATIONS
- Degree in Accounting or Finance and/or MBA required.
- Minimum of 8 years of progressively responsible accounting and leadership experience.
- Experience in reviewing, analyzing, and implementing standard costing.
- 8 or more years accounting experience in a manufacturing environment.
- Advanced PC/ERP/Accounting Systems/Excel experience.
- Thorough knowledge of SOX requirements.
- Superior verbal and written communication skills to work effectively in a team environment within and outside of the Accounting Department.
INTERPERSONAL QUALIFICATIONS
Success in this position requires the ability to build a strong partnership with the local Director of Operations and frequent communication with peers and management. These relationships must be built on respect, integrity, cooperation, teamwork and professionalism.
- Ability to build relationships at all levels within the organization
- Clear, precise communication skills
- Strong business acumen and analytical skills
- Operations literacy
- Ability to develop staff and team
- Strong Controllership focus
- Attitude of accountability
- Ability to make tough calls
- Willingness to travel
ADDITIONAL QUALIFICATIONS
- Leads and/or participates in special projects and assignments as required.
- Consistently operates at the highest level of integrity and is never willing to compromise with regards to ethical standards.
- Maintains and continually updates knowledge of the Company's product(s) and operating procedures to properly and effectively maintain accounting records which reflect the Company's operation and financial results.
- Assures that performance feedback/reviews, and follow-up on employee feedback, are performed on a formal and informal basis. Identifies and develops candidates for promotion. Performs hiring procedures as required and in accordance with Company guidelines.
- Maintains the professionalism of the Accounting Department.
Are you ready to join a different kind of company where our people, our culture, and our commitments are centered around providing trusted solutions that improve lives around the world?
IDEX is an Equal Opportunity Employer and Affirmative Action Employer. IDEX gives consideration for employment to qualified applicants without regard to race, color, religion, creed, genetic information, sex, sexual orientation, gender identity or expression, marital status, age, national origin, disability, protected veteran status, or any other consideration or protected category made unlawful by federal, state or local laws (Minorities/Females/Protected Veterans/Disabled).
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