Job Information
Vontier Cost Lead Analyst in Greensboro, North Carolina
THIS IS A HYBRID POSITION, GREENSBORO NC
Join our Finance team in Greensboro working closely with Operations. The compensation range for this role is 97k-140k.
What you will do:
Cost Analysis and Reporting:
o Analyze manufacturing costs and prepare regular reports to track cost performance.
o Report on variances and identify areas where costs can be reduced.
Budgeting and Forecasting:
o Prepare annual budgets and quarterly forecasts for manufacturing operations.
o Monitor actual costs against budgeted costs and adjust forecasts as necessary.
Cost Monitoring:
o Monitor daily production costs and ensure they are within budget.
o Review and analyze labor, material, and overhead costs.
Process Improvement:
o Identify opportunities for cost-saving initiatives and process improvements.
o Collaborate with production and engineering teams to implement cost-effective measures.
Variance Analysis:
o Conduct variance analysis to compare actual costs to standard costs.
o Investigate and explain variances and provide recommendations for corrective actions.
Standard Costing:
o Develop and maintain standard costs for products and update them regularly.
o Ensure standard costing methods are accurately applied in product costing.
Financial Controls:
o Establish and maintain robust financial controls within the manufacturing environment.
o Ensure compliance with company policies and accounting standards.
Capital Expenditure:
o Evaluate and monitor capital expenditure projects to ensure they are completed within budget.
o Perform cost-benefit analysis for new projects or equipment purchases.
Coordination with Other Departments:
o Work closely with the finance department to ensure accurate financial reporting.
o Collaborate with the procurement team to manage supplier costs and negotiate better terms.
Cost Reduction Initiatives:
o Lead and participate in cross-functional teams to identify and implement cost reduction initiatives.
o Track and report on the progress and savings achieved from these initiatives.
Financial Audits:
o Support internal and external audits by providing necessary cost data and documentation.
o Ensure audit recommendations are implemented and followed up.
Training and Development:
o Train and mentor junior cost accountants and other staff on cost control practices and procedures.
o Stay updated on industry trends and best practices in cost management.
Who You Are
Technical Skills:
- Financial Analysis and Reporting: (Must have)
o Expertise in financial planning, budgeting, forecasting, and reporting.
o Strong analytical skills to interpret financial data and provide actionable insights.
- Cost Accounting: (Must have)
o Proficiency in cost accounting principles specific to manufacturing, including standard costing, variance analysis, and inventory management.
- ERP Systems: (Preferred)
o Experience in Microsoft Dynamics (AX), particularly modules related to finance and manufacturing operations.
- Advanced Excel Skills: (Must have)
o Ability to use advanced Excel functions, including pivot tables, VLOOKUP, and financial modeling techniques.
- Financial Controls and Compliance: (Must have)
o Knowledge of financial regulations and standards (e.g., GAAP, IFRS) and internal controls to ensure compliance and accuracy.
- Data Analysis and Business Intelligence Tools: (Preferred)
o Familiarity with data analysis tools and software like Power BI, Tableau, or similar for generating financial reports and insights.
Experience:
- Industry Experience: (Must have)
o Extensive experience in the manufacturing sector, with a strong understanding of production processes, supply chain management, and cost structures.
- Project Management: (Preferred)
o Experience in managing financial projects, including process improvement initiatives, system implementations, and cross-functional collaboration.
- Strategic Planning: (Preferred)
o Experience in strategic financial planning, including long-term financial forecasting and scenario analysis.
Certifications and Licenses: (Preferred)
- Professional Accounting Certification:
o Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), or Chartered Global Management Accountant (CGMA) certification is highly preferred.
- MBA or Relevant Advanced Degree:
o A Master’s degree in Finance, Business Administration, or a related field can be a significant advantage.
What’s in it For You
Vontier partners with you and your family on your health and wellness journey. Visit VontierBenefits.com to view our benefits. We offer a premium suite of health and wellness programs for you and your family, including medical, dental, vision, disability, and life insurance. With programs for family planning from Maven Clinic to managing diabetes like Livongo, coverage for women's health, support for adult and elder care, paid parental leave, a generous 401(k) plan with matching company contributions, and more. Vontier is here for all stages of life. We also offer paid time off, sick leave, paid holidays.
WHO WE ARE
The world depends on Gilbarco Veeder-Root products to stay moving. We are the worldwide technology leader for retail and commercial fueling operations. We continue to evolve as smart cities, urbanization, electrification of vehicles, and advanced vehicle diagnostics drive the industry forward. Offering the broadest range of innovative, integrated solutions in the industry, Gilbarco Veeder-Root has delivered value, built extraordinary teams, and earned customer trust for more than 150 years. To learn more about us visit: www.gilbarco.com .
WHO IS VONTIER
Vontier (NYSE: VNT) is a global industrial technology company uniting productivity, automation and multi-energy technologies to meet the needs of a rapidly evolving, more connected mobility ecosystem. Leveraging leading market positions, decades of domain expertise and unparalleled portfolio breadth, Vontier enables the way the world moves – delivering smart, safe and sustainable solutions to our customers and the planet. Vontier has a culture of continuous improvement and innovation built upon the foundation of the Vontier Business System and embraced by colleagues worldwide. Additional information about Vontier is available on the Company’s website at www.vontier.com .
#LI-CB2
"Vontier Corporation and all Vontier Companies are equal opportunity employers that evaluate qualified applicants without regard to race, color, national origin, religion, ancestry, sex (including pregnancy, childbirth and related medical conditions), age, marital status, disability, veteran status, citizenship status, sexual orientation, gender identity or expression, and other characteristics protected by law."
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