Senior Cost Accountant

IMI plc 

IMI plc is a sector focused organisation at the forefront of delivering motion and fluid control technologies that create a more sustainable world, improving the quality of life for our customers and communities and ultimately delivering our purpose of Breakthrough Engineering for a Better World.  

Automation platform leverages deep automation technology and applications expertise to improve productivity, safety and sustainability for our customers, Industrial Automation operates across many important industry sectors and is a world leader in supporting customers with motion and fluid control technology. 

Our one big team work fairly and effectively but most importantly together to ensure we maintain the foundations that have enabled IMI’s success through over 150 years of heritage.  

Role Overview

The Senior Cost Accountant will be an important development role within the Finance function. Reporting to the site Finance Director, the role will be central to the completion and reporting of financial and business reporting, developing ad-hoc analysis and performing financial analysis to drive improvement in performance.

The role will require monitoring and application of cost accounting principals to ensure manufacturing activity remains well controlled, efficient and opportunities to improve are identified and communicated.

Additionally, the role is central to the site’s FP&A analysis; delivering key reporting, identifying trends, challenging the business and supporting high quality forecasts.

Work Location: University Park, IL

Key Responsibilities

• Analyzes actual manufacturing costs compared to standard costs to ensure accuracy of standards and provide insight on any over/under absorption.
• Be responsible for obsolete inventory reporting, analysis and management overrides.
• Business partner with our Supply Chain team to understand current purchase price variances and trends to make necessary updates to standard costs. Additionally, work with Supply Chain to co-ordinate and control inventory counts; with the aim of removing our annual count and embedding a perpetual counting process.
• Scrap Reporting - Partner with Quality Assurance (QA) to help identify, understand and reduce scrap.
• Support the site Finance Director with regular FP&A reporting and analysis, identifying trends in performance to drive performance and improve future forecasts.
• Provides management with reports specifying and comparing factors affecting prices and profitability of products or services. 
• Be able to identify a new business need and support development of the required information and reporting
• Deputise for the site Finance Director as required.
• Ad-hoc analysis and projects as required.

Critical Competencies for Success

• Bachelor’s degree in Accounting or related field, CPA or CMA is preferred.
• 3 years in a Cost Accounting manufacturing environment.
• Demonstrated financial acumen delivering forecasting, variance analysis and data interpretation of results.
  Ability to problem solve and work with ambiguity to resolve issues.
• Excellent business communication skills in English, but Spanish would be an advantage, albeit not critical.
• Previous experience of Oracle would be an advantage, but not essential.
• Collaborative team player who will embrace IMI’s One Big Team ethos.

What IMI can offer you:

At IMI, one of our top priorities is to create an inclusive culture of health. We strive to remove barriers to care (whether that be physical or financial) and in doing so, we offer choice for all your health and wellbeing needs. 

See below for a general overview of our amazing perks and benefits:

• Multiple health plans to choose from: HMO, PPO, and High Deductible Health Plans with a low-cost share
• Full suite of voluntary benefits to tap into, including but not limited to: Pet insurance, critical illness insurance, concierge services, legal insurance, commuter benefits (if applicable), and home & auto insurance.
• Employer contribution for Health Savings Account, and in many cases free virtual telemedicine, and teletherapy.
• Best-in-class 401K plan with zero vesting and up to 6% contribution matching.
• Mental Health and wellness programs to support you and your family.
• Short & long-term disability as well as basic life insurance at 2x your basic salary at no cost to the employee.
• Free financial advisors, webinars, and classes through Charles Schwab.
•  Annual Employee Stock Purchase Plan with option to purchase IMI shares at a reduced employee only price - no opportunity to lose, only to profit or refund your investment 100%
• Hybrid working pattern is available for this role

**Benefits plans change year over year, but we have guiding principles in place to ensure our employees have the tools and resources available to stay connected and up to date**

Health & Safety:

The physical demands described within the Key Duties & Responsibilities section of this job description are required to perform the essential functions of this position.  Reasonable accommodations may be made for individuals with disabilities. Please contact your local HR representative to discuss the specific Work Conditions and Physical Requirements of this role.

Health, Safety and Environmental Duties – At IMI we are all personally committed to protecting our people, minimizing our impact to the environment, the communities we operate in and our company. All members of our workforce have the duty to ensure the health, safety and welfare of themselves, others, and the environment. Every employee is expected to follow all HSE operating procedures, also to challenge any observed behaviors or unsafe acts.

Code of Ethics:

IMI requires the highest standard of ethics in all business dealings, particularly with customers, suppliers, advisors, employees, and the authorities. In accordance with the IMI Way: Our Code of Responsible Business.

Changes to This Job Description:  

IMI may amend this job description in whole or part at any time.

IMI is an equal opportunity employer. Qualified applicants will be considered without regard to age, race, creed, color, national origin, ancestry, marital status, affectional or sexual orientation, gender identity or expression, disability, nationality, sex, or veteran status.