Job Summary:The Cost Management Lead is responsible for overseeing financial planning, budgeting, forecasting, cost management, and financial reporting to ensure accurate financial performance tracking and compliance with HQ procedures. This role leads the PBU CM team, manages inventory and fixed asset controls, drives cost optimization and process improvements, and ensures timely month-end closing and achievement of financial targets. The Cost Management Lead works closely with senior management and cross-functional teams to provide financial insights, support strategic business decisions, and improve overall business performance and cost efficiency.
Duties and Responsibilities:- Refine AP/Inventory/Cost/AR/Overseas expense-related transactions and ensure local processes comply with HQ procedures;
- Manage inventory and fixed assets, implement physical counts, and ensure book record accuracy.
- Oversee month-end closing and provide accurate and timely financial reports, including variance analysis, financial statements and management reports, as well as financial planning and analysis, including budgeting, forecasting, financial modeling, and reporting.
- Lead the PBU CM team by defining the CM organization and providing guidance, coaching, training and performance feedback to ensure high-quality work output.
- Monitor key financial performance indicators, identify trends, and communicate insights and recommendations to senior management.
- Collaborate with senior management to develop financial strategies, set financial targets, and support strategic initiatives, investment evaluations, pricing decisions, and cost optimization efforts.
- Develop and maintain relationships with key stakeholders across departments, fostering effective communication and collaboration.
- Drive process improvements in financial planning and analysis through technology and automation, define and implement business and functional financial indicators, as well as drive the organization to achieve targets, and support ad hoc assignments.
Education:- Bachelor's degree in finance, accounting, or a related field required.
- A master's degree or professional certification (e.g., CPA) is preferred.
Experience:- 10+ years of proven experience in financial planning and analysis, budgeting, and forecasting.
- Strong knowledge of accounting principles, financial regulations, and industry best practices.
- Experience with ERP systems and proficiency in financial data extraction, analysis and reporting.
- Experience with SAP is preferred.
- Prior experience with a Big Four accounting firm is preferred.
Physical Demands & Working Conditions:Primarily works in an office environment with extended periods of sitting and computer use. May occasionally walk through office, manufacturing, or operational areas to gather cost and production information. May lift or carry documents, files, or office equipment up to 15 lbs. Requires visual attention to detailed financial data and the ability to work effectively under deadlines.
