The Timken Company

Senior Costing Analyst

The Timken Company$75K — $95K *
Manufacturing & Automotive
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Accounting or Finance, or Master's degree with relevant experience.
  • 4 years of Accounting or Finance experience for Bachelor's holders, or 1 year for Master's holders.
  • Citizenship or work authorization in the U.S. required (US Citizens or Green Card holders).
  • Preferred: Prior cost accounting experience.
  • Strong analytical ability, especially in variance analysis.

Responsibilities

  • Analyze standard costs and variances; identify drivers of variances and propose standard changes to management.
  • Support annual global costing activities, including error correction and preparation of presentations for management.
  • Test and maintain costing functions in SAP, validating changes and recommending enhancements.
  • Assist in developing and testing standard costs for new SAP sites, including cost center rates.
  • Train new SAP sites and operations analysts in SAP costing procedures.
  • Conduct month-end close activities and costing for Tech center.
  • Lead cycle counting reviews and onsite observations to ensure costing accuracy.

Benefits

  • Professional development opportunities including training and workshops.
  • Supportive team environment focused on collaboration.
  • Participation in an organization with a global impact and reach.
Full Job Description
Purpose:

The position of Senior Costing Analyst provides analytic and costing support to our global SAP plants. This involves standard cost analysis, detail SAP costing process understanding and related analytics, involvement with costing BPO on key system changes and new site implementations, and assistance in the annual global standard costing update.

Essential Responsibilities:
  • Analyze existing standard costs and variances, determine drivers of variances and deviations to standards, and provide standards changes to controllers and management for review.
  • Assist in annual global costing activities including consolidation and analysis of global costing, identification and correction of costing errors/standards, and preparation of standards change walks and presentation to upper management.
  • Assist in overall testing and maintenance of costing functionality in SAP including testing and validation of proposed system changes and recommendations for costing enhancements.
  • Assist in analysis, development, and testing of standard cost for new SAP sites including setting cost center rates, overall cost center structure, and final standard cost setting.
  • Deliver SAP costing training to new SAP sites, and new operations analysts and controllers.
  • Perform month-end close and costing activities for Tech center.
  • Lead cycle counting reviews, testing and on-site observations.
  • Enforcement of costing polices and controls and related SOX audit documentation.
  • Provide other ad hoc reporting and financial analysis as necessary to support the organization.


Technical/Functional Skills:
  • Strong analytical thinking for variance and root cause analyses
  • Proven SAP and Business Intelligence data skills
  • Advanced Microsoft Office skills, particularly Excel
  • Effective communication and team skills
  • Preferred: Prior cost accounting experience


Minimum Qualifications:
  • Bachelor's degree in Accounting or Finance (or related field) and 4 years of Accounting or Finance experience, or Master's degree in Accounting or Finance (or related field) and 1 year of Accounting or Finance experience.
  • U.S. Citizen or Green Card Holder


This position may require access to United States export controlled technical data ("CTD") and hardware under the Departments of US State (ITAR) and/or Commerce (EAR). Eligible candidates are; US Citizens, Green Card holders, Asylees or others eligible to receive US export license authorizations. Candidate must be authorized to work in the US.

About The Timken Company

The Timken Company is a global manufacturer of bearings and power transmission products. It operates through two segments: Mobile Industries and Process Industries. The Mobile Industries segment offers bearings, seals, lubrication systems, and related products and services for truck, rail, and other mobile applications. The Process Industries segment provides bearings, power transmission components, and related services for industrial markets, including heavy and general industrial, energy, and food and beverage. The company was founded in 1899 and is headquartered in North Canton, Ohio.
Learn more about The Timken Company
Size
18,029 employees
Market Cap
$5.1 billion
Industry
Net Income
$284.5 million
Founded
1899
5 Year Trend
+9.1%
Revenue
$3.5 billion
NASDAQ

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