Cost Control Manager

Cost Manager, El Salto, Jalisco

Position: Cost Control Manager

Principle Duties and Responsibilities:

The Cost Control Manager reports directly to the Plant Internal Controller who reports functionally to the México Controller.

The Cost Control Manager has the primary responsibility to prepare monthly, quarterly and year end cost reporting is timely and accurate. This position is responsible for the accounting analysis, monthly cost closing, physical inventories in all Goodyear sites, compliance with SOX, company policies, and USGAAP and Local GAAP

Responsible for the cost reporting processes accurate and timely. This includes the monthly, quarterly and annual cost closing procedures, account reconciliations, and establishing judgmental reserve balances. Ensure processes are in compliance with U.S. GAAP and Company Policies.

Also, Cost Control Manager is responsible for supervise and managing the activities performed by the Fixed Asset Analyst, related to Fixed Assets / CAPEX projects accounting matters, including capitalization and expenses segregation, cost control reports, budgets control, policy and SOX compliance, actual and budgeted depreciation , capital interest calculation under US GAAP and local GAAP and all activities that can have effect over budget figures and evolution, CAPEX, cash flow, Actual Cost, etc. 

Following are the principals duties of the position:

•    Ensure controls, external and SOX audit gaps identifed are remediated on a timely basis.
•    Identify possible controls gaps and opportunities to design and develop strong internal control in Fixed Assets, Inventory, and cost process
•    Responsible for Actual cost close activities, including Cost Conversion and Material Ledger.
•    Responsible for updating materials Standard Cost in a monthly basis, including analysis between prior month.
•    Ensure all the accruals are properly recognized in the proper period.
•    For each full wall-to-wall physical inventory and for each cycle count (or at least on a monthly basis), assure all controls and procedures outlined in accounting policy are executed.
•    Participates at least on a quarterly basis to observe the cycle procedures being performed.
•    Walk the location at least monthly and inquire to determine that all excess, obsolescence and scrap have been identified, including molds and items identified as work-away.
•    Perform analytic procedures comparing Inventory levels, Fixed assets movements vs Prior Month, Prior Quarter close, Prior year month, etc, to send to corporate explanations of variances identified of the analyzed periods, to identify possible misstatements in Company financial position. 
•    Perform analytical procedures comparing actual waste to budgeted waste month over month.
•    Ensure the waste reported by the plant are aligned with the waste policy
•    Walk the floor at least monthly and note any visible stacks of work-away or waste that are growing. Ensure that amounts are properly accounted for and any necessary valuation allowances are recorded.
•    Understanding the main reasons of the variances between budgeted and previous periods, to inform to local and corporate management in cost saving opportunities or risk of financial losses
•    Idle asset, Surplus and obsolete inventory review to avoid financial loss.
•    Coordinate with several operating departments to ensure adequate internal control compliance.
•    Approval and review of Company purchases orders to ensure they are aligned to the Financial plan.
•    Reconciliation of Financial accounts to identify the detail and the aging of the reviewed accounts.
•    Drive continuous improvement initiatives related to costs processes and systems.
•    Responsible for the upkeep and upgrades of the costs systems and for costs initiatives.
•    Work with finance leadership to identify actionable cost reduction and cash flow generation opportunities.
•    Prepare executives summary of risk/opportunities identified
•    Ensuring the adequate accounting of the project activities, including review Fixed Asset Capitalization, depreciation an expense segregation under US GAAP and MEX GAAP
•    Know scope and estimate by having cost and commitment reports updated. 
•    Budget / Project closeout to release assets to production and verify the capital and expenses are properly segregated. 
•    Ensure strong control environment (Corporate policies and SOX compliance). 
•    Review monthly Project Reports (cost information) to follow project’s activities and capex figures. 
•    Review physically the equipment purchased by the Company to ensure the property acquired exist. 
•    Inspect the current projects in progress to ensure it is not still working. Periodic meeting with Plant engineers to understand the business need of the property acquired, track the progress of the open projects and analysis to understand the reasons projects need to still be open. 
•    Knowledge of the detail of all the assets and Capital Work in process of the company. 
•    Strict monitoring with engineers to capitalize the equipment are ready to be used in production activities. 
•    Monthly sampling of Company assets to ensure there is not idle assets in company books. 
•    Analysis of the main assets of Company to identify if its necessary to recognize capital interest under Local and US GAAP.
•    Support in Cost conversion and materials month end closing, including but not limited to analysis of reasonableness Raw material, WIP and Finished Goods inventory unit cost, determinate the Standard cost of raw material, minutes and cost convertion budgeted to update standard cost of the following periods, and distribute all actual cost to all materials produced based on machines activity of the month. 
•    Construction Work in Process (CWIP) - CWIP is to be reviewed in collaboration with the Project Manager or Engineer quarterly to determine if the project should remain in CWIP or if the asset is ready for its intended use (large projects should be assessed more frequently). Percentage of completion should also be monitored.
•    Maintain effective communication and relationship with local and regional leadership team
•    Build organizational capability for innovation through training and other avenues
•    Identify solutions to market-back challenges by leveraging Open Innovation, emerging technologies, partnerships, networks, suppliers, ideation, etc.
•    Continuously promote
•    Develop talent for the finance organization, including development of professionals within the business and succession planning.
•    Coordinate audit activities with internal and external auditors.

Education:

Required: Bachelor’s degree in Accounting or similar Advanced in English.
Desired: MBA or post graduation degree.
CPA certified.

Experience:

Required: Minimum 3 to 5 years of progressively more responsible experience in cost / analysis, with minimum 2 to 3 years in a lead management role. Minimum 5 years experience with controlling/finance function.

Desired: At least 5 year experience on an external audit company (big four).

Knowledge:

Required: Track record of achieving measurable business objectives. Thorough understanding of local GAAP/IFRS and U.S. GAAP, accounting for complex transactions and internal controls in compliance with SOX.Strong knowledge, understanding, and practical skills in relevant systems (i.e. ERP system (SAP preferred), MS Office products,) as applicable to the country. Experienced in developing talent for the organization as evidenced by advancement and success of team members. Interpersonal skills that establish and maintain excellent relationships and credibility quickly. Creates team atmosphere while achieving key objectives. Develops team members through coaching and feedback on results. Shares personal knowledge and experience. Moves decisively on performance problems. Demonstrates understanding of how key accounting decisions impact the business units and forecasted operating results/cash flows.

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