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Responsible for applying accounting procedures to determine the standard cost of new products, analyzing and calculating manufacturing costs in accordance with company policies, as well as carrying out the annual costing process based on the Company’s needs. Provide reliable and detailed cost analysis and its impact to support management and business unit decision-making. Perform variance analysis between standard and actual costs, identify root causes, and ensure proper follow-up. Execute the month-end closing process on time and in accordance with established procedures.
Job Responsibility:
Applying accounting procedures to determine the standard cost of new products
analyzing and calculating manufacturing costs in accordance with company policies
carrying out the annual costing process based on the Company’s needs
providing reliable and detailed cost analysis and its impact to support management and business unit decision-making
performing variance analysis between standard and actual costs, identifying root causes, and ensuring proper follow-up
executing the month-end closing process on time and in accordance with established procedures
responsible for all standards across Avanos plants in North America, Europe, Australia, India, and Japan
assigning standard cost for new products as well as for new versions of existing products
analyzing Bills of Materials (BOM) and product recipes, including routings, hourly costs, and production times, to ensure proper standard cost calculation
reporting and following up on any discrepancies to prevent incorrect costing
ensuring the integrity and accuracy of the standard cost database and inventory valuation
analyzing average cost of raw materials and operating supplies
maintaining updated freight values for transfers between plants and distribution centers
annually carrying out the re-costing process for all products
performing weekly (PPV) and monthly (V2T) variance analyses between target and actual: material consumption
reviewing 10% of variances in material standards
conducting impact analysis of revaluations within an established currency impact margin
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