HOP - Cost Analyst

Martinrea is a diversified global automotive supplier engaged in the design, development and manufacturing of metal parts, assemblies and modules, complex fluid management systems and aluminum products. We employ approximately 15,000 skilled and motivated people at manufacturing, engineering and technical centers in Canada, the United States, Mexico, Brazil, Germany, Slovakia, Spain and China. Our business strategy leverages world-class technologies, motivated and talented people, and high-quality products.

Our Mission is to make people's lives better by:

• Delivering outstanding quality products and services to our customers;
• Providing meaningful opportunity, job satisfaction, and job security for our people;
• Being positive contributors to our communities; and,
• Providing superior long-term investment returns to our stakeholders.

Our strength is our people

We invite you to explore a challenging and rewarding career at Martinrea in Hopkinsville KY.

Benefits

• Competitive Salary
• Major Health Insurance Carrier
• Dental Health Insurance
• Vision Insurance
• 401K - match 50%
• Short and Long term Disability

Job Summary: The Cost Analyst will work with the Hopkinsville Plant finance team to ensure accurate production reporting accounting. They will be a Business Partner to both the finance and operational team, providing timely and actionable analysis along with KPI's to support management decision making and achieve financial/operational targets. Opportunity for a high potential individual to develop into a leadership position.

Required Education and Experience:

• Undergraduate Degree in Finance or Accounting

• Strong communicator in the English language, both written and oral

• Minimum 3-5 years' experience in Cost Accounting

• Must have manufacturing experience (preferably in Automotive)

• Experience working with engineering and manufacturing personnel on development and analysis of cost standards

• An independent critical thinker who displays attention to detail

• Proficient in Microsoft office; exposure to computerized manufacturing accounting systems is preferred

• High level of time management and organizational skills

• Excellent analytical and problem-solving skills

• Experience in working in an AS400 environment (CMS or Solarsoft experience is preferred)

Essential Functions:

• Responsible for creating and maintaining bill of materials with the direction of the Engineering team and other departments. This includes BOM entry into CMS, ability to independently confirm equipment run standards, labor rates, efficiency rates, material usage, purchased component costs and other metrics that define the BOM

• Analyse changes in product design, raw materials, manufacturing methods or services provided, to determine effects on cost

• Prepare detailed annual analysis for standards review and roll including Machine Rates and Labour Standards Update

• Conduct the analysis and maintenance of standard costs including:

• Analyzing the financial impact of proposed changes to the bill of materials.

• Performing labor, overhead and cycle time studies to improve the accuracy of the bill of materials

• Analyze results and variances; identifying trends; recommending actions

• Detail variance reporting by program, and part number on a monthly basis including a review & validation of Absorption during the month;

• Schedule regular meetings with program management and engineering staff to confirm program costs are aligned

• Provide visibility and insight of business operations to management through data analysis driven by exceptional excel/dash-boarding abilities to support management decision making. Including the analysis of overheads, earned vs. available labor hours, inefficiencies (scrap, overtime premium freight, etc.) to drive profitability.

• Drive physical inventory count process posting and valuation as details in MRE financial policy.

• Modify physical inventory instructions, if need be, and conduct training classes for associates assigned to count and audit for the quarterly physical inventory

• Preparation of slow-moving inventory reporting and LCM analysis

• Conduct inventory reserve analysis on a quarterly basis and generate reports for senior management

• Assist Controller on the design, development and maintenance of complex scenario based financial models to support forecasting and budgeting activities within the plant including:

  • Forecasted Sales and Material by Customer/Program/Destination using multiple demand inputs including Customer Releases and Industry Vehicle Volumes.

  • Labor/Manning models to appropriately flex manpower to match customer demand levels.

  • Other account based data extraction models to support analysis and understanding of spending and consumption trends.

  • Cash flow modelling to understand future cash requirements and optimize working capital.

• Complete month-end, quarter-end, and year-end processes including:

  • Preparation of assigned account reconciliations and analysis to support financial statements.

  • Manage and record journal entries for Inventory and other accounts as assigned.

  • Assist in the data extraction to support the preparation of standard corporate reporting requirements including AR Aging, Head Counts, and Capital and Tooling balances by program in a timely manner.

  • Support and assist in the co-ordination of external and internal audit requirements.

• Preparation and analysis of Sales by Destination, Sales by Platform, etc.

• Proactively provide continuous improvement ideas relating to both financial and production processes

• Work closely with Controller in working with departmental heads to identify any inefficiencies in processes and potential cost saving initiatives including freight costs savings, outsourced production parts savings, improvements in inventory management, reduced scrap and develop and lead projects to ensure timely realization of the identified costs savings.

• Assist with preparation of Annual Audit Kit and Annual Budget Process pertaining primarily to Costing Sections

• Assist with any external audits: sales tax, property, etc.

• Abide by all Company polices including, but not limited to the following: Health and Safety, Quality and Environmental Systems, Human Resources policies, and the Martinrea Employee Handbook