Financial Analyst
Join a team recognized for leadership, innovation and diversity
Essential functions of this role include both financial analysis and cost accounting.
Financial Analysis:
Work with Factory Management to understand the operation today and its future plans
Develop spending and absorption forecasting model for this factory
Exercise that model monthly and refine as we learn the cost drivers
Annual and 5-year budgeting for the factory
Reporting of monthly results, including analysis of the operation and explanation of variances from forecast, budget, and prior year
Working with the business, align business plan with Operations plan, including Headcount, Earned Hours, Absorption, Spending, and Inventory forecasts
Ad hoc reporting
Cost Accounting:
Planning, Studying, and collecting data to determine costs of business activity such as raw material purchases, inventory and labor.
Analyzing data collected and recording results
Analyzing changes in product design, raw materials, manufacturing methods or services provided, to determine effects on cost
Analyzing actual manufacturing costs and preparing periodic reports comparing standard costs to actual production costs
Ensure standard costs assigned to inventory are accurate
Calculate standard labor, overhead, and material overhead rates, annually and as needed
Recording cost information for use in controlling expenditures
Analyzing audits of costs and preparing reports
Making estimates of new and proposed product costs
Providing management with reports specifying and comparing factors affecting prices and profitability of products or services.
Maintaining Cost Accounting System
Assisting in Month end close of the General Ledger
Conducts physical inventories and monitors cycle count program
Reconciles finished goods inventories
Ensures inventory is properly stated
Update frozen cost as needed
Address all Cost Accounting alerts from Oracle, daily
Review part costs to ensure proper application of costs, including from BOMs, Routings, Rates, Yield Factors, and Material Costs
Instruct operations' employees on required corrections/transactions to ensure date integrity
Approval of adjustments to inventory
Manage observation of physical inventories, both on-site and at suppliers
Product Costing
Make/Buy analysis
25 Align with overall business plans; prepare forecasts, budgets and reports 15 Contribute to management discussions and meetings regarding operations and inventory 25 Work with Manufacturing, Materials, Routing, Engineering, and Accounting departments 15 Perform product costing analysis 20 All other duties
Qualifications:
Minimum of 2 solid years of Cost Accounting in a Manufacturing Environment
Bachelor's Degree in Accounting
Must have a strong Cost systems background and have excellent analytical skills; sound understanding of accounting principals.
Computer Literate Strong Excel skills and the ability to use Outlook and Word
Experience with Oracle a plus
Experience working with engineering and manufacturing personnel on development and analysis of cost standards
Ability to accurately prepare daily, weekly, monthly, quarterly and annual reports
Self-directed, take-charge personality
Ability to give instruction and set expectations for Engineering, Manufacturing, Purchasing, Sourcing, IT and HR personnel, as it relates to data and transactions affecting cost
ExemptHow Honeywell is Connecting the WorldINCLUDES
CUSTOM.JOB.INCLUDES
Job ID: req106562
Category: Finance
Location: ., Owings Mills, MD 21117 USA
Honeywell 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.
. Apply now!Estimated Salary: $20 to $28 per hour based on qualifications.
Essential functions of this role include both financial analysis and cost accounting.
Financial Analysis:
Work with Factory Management to understand the operation today and its future plans
Develop spending and absorption forecasting model for this factory
Exercise that model monthly and refine as we learn the cost drivers
Annual and 5-year budgeting for the factory
Reporting of monthly results, including analysis of the operation and explanation of variances from forecast, budget, and prior year
Working with the business, align business plan with Operations plan, including Headcount, Earned Hours, Absorption, Spending, and Inventory forecasts
Ad hoc reporting
Cost Accounting:
Planning, Studying, and collecting data to determine costs of business activity such as raw material purchases, inventory and labor.
Analyzing data collected and recording results
Analyzing changes in product design, raw materials, manufacturing methods or services provided, to determine effects on cost
Analyzing actual manufacturing costs and preparing periodic reports comparing standard costs to actual production costs
Ensure standard costs assigned to inventory are accurate
Calculate standard labor, overhead, and material overhead rates, annually and as needed
Recording cost information for use in controlling expenditures
Analyzing audits of costs and preparing reports
Making estimates of new and proposed product costs
Providing management with reports specifying and comparing factors affecting prices and profitability of products or services.
Maintaining Cost Accounting System
Assisting in Month end close of the General Ledger
Conducts physical inventories and monitors cycle count program
Reconciles finished goods inventories
Ensures inventory is properly stated
Update frozen cost as needed
Address all Cost Accounting alerts from Oracle, daily
Review part costs to ensure proper application of costs, including from BOMs, Routings, Rates, Yield Factors, and Material Costs
Instruct operations' employees on required corrections/transactions to ensure date integrity
Approval of adjustments to inventory
Manage observation of physical inventories, both on-site and at suppliers
Product Costing
Make/Buy analysis
25 Align with overall business plans; prepare forecasts, budgets and reports 15 Contribute to management discussions and meetings regarding operations and inventory 25 Work with Manufacturing, Materials, Routing, Engineering, and Accounting departments 15 Perform product costing analysis 20 All other duties
Qualifications:
Minimum of 2 solid years of Cost Accounting in a Manufacturing Environment
Bachelor's Degree in Accounting
Must have a strong Cost systems background and have excellent analytical skills; sound understanding of accounting principals.
Computer Literate Strong Excel skills and the ability to use Outlook and Word
Experience with Oracle a plus
Experience working with engineering and manufacturing personnel on development and analysis of cost standards
Ability to accurately prepare daily, weekly, monthly, quarterly and annual reports
Self-directed, take-charge personality
Ability to give instruction and set expectations for Engineering, Manufacturing, Purchasing, Sourcing, IT and HR personnel, as it relates to data and transactions affecting cost
ExemptHow Honeywell is Connecting the WorldINCLUDES
CUSTOM.JOB.INCLUDES
Job ID: req106562
Category: Finance
Location: ., Owings Mills, MD 21117 USA
Honeywell 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.
. Apply now!Estimated Salary: $20 to $28 per hour based on qualifications.
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