Cost Coordinator

About Franke

We, the Franke company with its three divisions, are a world's leading supplier of products and services for domestic kitchens, the professional foodservice systems and the convenience store sector as well as for professional coffee making. With around 60 companies, we are at home on five continents. Over 8,000 employees constantly take on new perspectives to identify opportunities and turn them into inspiring, innovative solutions for tomorrow’s demands.

The Franke Foodservice Systems division is a world-leading supplier of kitchen facilities, equipment and supplies solutions. As a full system manufacturer, distributor and program management partner, we supply global chains in the quick-service restaurant, convenience store and supermarket segments, helping to manage unit growth and upgrade their facilities.

About the job

Responsible for the financial performance and reporting of the monthly close process and analysis of Sales, Inventory, Cost of Goods Sold (COGS), and other Operational metrics for the plant operations. Coordinates the development of Labor and Overhead rates used in the budgeting and forecasting process, while ensuring internal controls, price variances, and other P&L activities are tracked and monitored.

Your tasks

• Analyzes and makes recommendations to Finance leadership on the adequacy of controls in place for Inventory and COGS reporting, including analyzing product costs, labor variances, scrapped material, obsolete inventory, warranty reserves and cycle counting processes
• Develops standard costing and material overhead rates and compares budgeted expectation against actual results. Make recommendations for improvement of costing process to ensure budgeted expectations are aligned with actual results.
• Performs monthly closing duties and makes recommendations for accruals and accounting treatment pertaining to Sales, Inventory, COGS, and Warranty. Ensures accuracy and posts required schedules.
• Prepares commentary and reporting for Finance leadership review including comparatives of actual versus budget and forecast performance for Sales, Inventory, COGS, Warranty and departmental expenses.
• Performs financial data analysis and develops complex custom reports and dashboards using in-house reporting platforms.
• Partners with Finance leadership in the development of yearly budgets for Sales and COGS.
• Maintains and audits all worksheets, and reconciliations required for the month end close process.
• Performs detailed calculations and analysis to determine inventory reserves to reduce costs.
• Provides input for process improvements to the inventory and fixed assets activities to support a timely and accurate accounting close.
• Works with the business to monitor on-going cycle counts, ensuring accuracy of inventory counts, supporting documentation and review of results and adjustments.
• Assists with forecasting and the annual budget preparation process relating to cost of sales and product margins.
• Partners with different functions of the business to ensure accuracy and control of master data related to bill of materials and other inventory transactions.
• Coordinates physical inventory planning and execution including establishment and scheduling of resources.
• Serve as primary resource for external auditor requests for information and analysis of sales, inventory, COGS, and warranty.
• Coordinate with other departments on manufacturing information systems projects as necessary.
• Ability to travel as needed
• Special projects and other duties assigned.

Requirements

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skills, and/or abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Economics and Accounting — Knowledge of economic and accounting principles and practices, and analysis and reporting of financial data.
• Production and Processing — Knowledge of raw materials, production processes, quality control, costs, and other techniques for maximizing the effective manufacture and distribution of goods.
• High Language Skills - Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.
• High Mathematical Skills - Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts of basic algebra and geometry.
• High Reasoning Ability Skills - Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
• Computer Skills: Office, Excel, Ledger System & Reporting, General Application Experience, Internet Software, Ordering Processing Systems, General Application Experience, Access.
• Bachelor’s degree in Accounting, Finance, Business Administration or related field.
• Six (6) years of cost accounting experience in a manufacturing environment performing monthly closing, inventory control, and financial reporting and analysis.
• Highly analytical and detail oriented in interpreting operating results and in developing and implementing improvements and recommendations.
• Experience in working with ERP systems in a manufacturing environment.
• Proficient in Microsoft Office Suite with advanced Excel skills.
• Strong critical thinking with attention to detail and continuous improvement mindset.
• Fluent in English, both written and spoken.

What we offer you

We offer a comprehensive compensation package, including salary, benefits, and career development opportunities.

Contact details

For more information see: www.franke.com

Important information for all executive search companies, headhunters and HR consultants

The Franke Group does not accept unsolicited support from headhunters and personnel consultants for our career opportunities. Any CV/resume vitae submitted to Franke or its employees by external recruitment agencies without a valid written recruitment agreement related to the position in question shall be deemed the sole property of our company. In the event that a candidate presented by an agency is hired in our company and there is no prior agreement, no fee will be paid.