Emerson (NYSE: EMR) is a diversified global manufacturing and technology company. We offer a wide range of products and services in the industrial, commercial, and consumer markets through our Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions businesses. Recognized widely for our engineering capabilities and management excellence, Emerson has approximately 135,000 employees and 235 manufacturing locations worldwide.
Under the direction of the Controller, the Cost Accounting Manager supervises and coordinates all cost accounting related functions, ensuring the accurate and timely arrival of the cost of sales.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.
Prioritize, schedule and delegate work assignments and directly supervise the cost accounting staff to ensure the accurate and timely arrival of the cost of sales.
Review and implement changes in departmental processes and methods to improve the efficiency of the department.
Determine work procedures and expedite the work flow for the cost accounting function; examine work for accuracy and conformance to policies and procedures.
Monitor and report overhead rates. Ensure accurate reviews of all phases of inventory valuation for FIFO and UNICAP purposes.
Analyze individual cost reports of subordinates and compile a composite report for management review. Prepare cost analysis; analyze trends in cost variances. Prepare all required reports, including comparing actual results to estimated costs.
Ensure reconciliation and analysis of proper balance sheet accounts including inventory accounts.
Review weekly stock labor, calculate variances.
Cost all service division jobs monthly.
Review unusual variance items with supervisor.
Ensure compliance with all housekeeping procedures and all quality and safety regulations.
MARGINAL FUNCTIONS: Cost contract jobs as required.
SUPERVISORY RESPONSIBILITIES: Carry out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.
QUALIFICATION REQUIREMENTS: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION and/or EXPERIENCE: Requires bachelors degree in accounting and three to five years of related experience, or ten to twelve years of progressively responsible related experience, or a combination of education and experience.
LANGUAGE SKILLS: Ability to read, analyze, and interpret cost accounting reports, general accounting guidelines, business periodicals, and professional journals. Ability to write reports and business correspondence. Ability to effectively communicate information and respond to questions from groups of managers and other employees of the organization.
MATHEMATICAL SKILLS: Ability to calculate figures and amounts such as production costs, cost of sales, labor hours, proportions, and percentages. Ability to apply concepts of algebra.
REASONING ABILITY: Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of information and financial data furnished in written, oral, or schedule form.