Manager - Product Cost (Hybrid)Business Unit: AirtechAddress: 301 Veterans Blvd, Rutherford, NJ 07070, USAIf you're looking for a special place to build or grow your career, you've found it. Whether you're an experienced professional, a recent college graduate or somewhere in between, IDEX is a place where you can apply your existing skills and learn new ones in an environment where you can make an impact.
The Product Cost Manager is responsible for overseeing and managing all aspects of product cost and inventory control across 5 Airtech business sites. This includes analyzing cost data, monitoring inventory levels, and implementing strategies to optimize profitability and efficiency.
ESSENTIAL DUTIES AND RESPONSIBILITIES Participate in the month-end close, including preparation of inventory journal entries and account reconciliations.Collaborate with FP&A Manager for the monthly forecasts and annual planning process in terms of standard cost setting and understanding the cost trends.Perform monthly cost variance analysis of standard to actual production cost.Perform periodic review of bills of material to ensure accurate product costing.Lead annual physical inventory count.Assist operations to achieve and maintain close to 100% accuracy in cycle count program.Monitor inventory levels and implement strategies to minimize excess inventory and reduce carrying costs.Work cross-functionally to identify and drive product cost improvement metrics and actions.Provide assistance during internal and external audits; gather necessary supporting documents to ensure successful audit completion.Develop and maintain inventory control procedures and policies.Provide finance business partner support on specific cost initiatives.Prepare ad-hoc financial analysis to support senior management decisions.JOB QUALIFICATIONS Degree in Accounting or Finance5+ years of experience in cost accounting, inventory management, and financial analysisStrong product costing technical skills with strong focus on continuous process improvementExcellent analytical and problem solving skillsAdvanced Excel skillsERP environment: JD Edwards/OneStream experience preferredConsistently operates at the highest level of integrity and is never willing to compromise with regards to ethical standardsINTERPERSONAL QUALIFICATIONS Ability to earn trust, maintain positive and professional relationshipsClear and effective communication skillsAbility to organize multiple responsibilities and deliver results in an accurate and timely manner while adapting to changes in prioritiesAbility to work cross functionally within a geographically diverse organizationDetail and process orientedIDEX 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.
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