The Cost Analyst is an existing role within Kimball Electronics Jasper. You will report to the BU Controller for Kimball Electronics Jasper (KEJ). You will overall support the completeness, accuracy, & integrity of the financial statements for KEJ, month end closing process, internal controls structure and providing impactful data for management decision-making. The mission of this position is primarily to validate tariff costs incurred from supplier and to pass to customer. Also, to maintain SAP master data to reflect correct information regarding costs incurred by suppliers. The desired outcome is to ensure accurate billing to customer for costs incurred.
Quick Summary
The Cost Analyst I is responsible for all activities related to tariffs; including review, approvals, documenting, customer billing & reporting.
Ensure tariff charges on supplier invoices are reasonable based on current tariff rates & that all relevant information is provided (COO, HTS code, PO detail, etc.)
Review CTSI Freight Paid report to identify & ensure tariff related charges are validated & documented to support customer billing.
Work with Engineering & Supply Chain teams to identify tariff exclusions that can be claimed by KEJ
Coordinate with customs brokers (UPS, FedEx, Expeditors, etc.) to implement exclusions
Monitor 2DL data to ensure exclusions are applied accurately; work with customs brokers to issue post summary corrections as needed
Review US Treasury refunds to determine where customer credits should be applied
Create monthly billing file by combining tariff charges on supplier invoices and in 2DL Freight Paid file
Provide Controller compiled costs for monthly charges & customer invoice amounts
Update Tariff Reconciliation file at month end to verify that tariff charges posted to the Tariff Expense & Customer & Duties accounts in SAP tie out
Prepare customer monthly billings (SPRs)
Track recovery & work with PM/BM to ensure customer POs are received
First point of contact on customer/PM/BM questions
Cross train with KEJ Finance team to ensure departmental backup
Comply with all Safety, Electrostatic Discharge (ESD) and Quality Management
Job Description
The Cost Analyst is an existing role within Kimball Electronics Jasper. You will report to the BU Controller for Kimball Electronics Jasper (KEJ). You will overall support the completeness, accuracy, & integrity of the financial statements for KEJ, month end closing process, internal controls structure and providing impactful data for management decision-making. The mission of this position is primarily to validate tariff costs incurred from supplier and to pass to customer. Also, to maintain SAP master data to reflect correct information regarding costs incurred by suppliers. The desired outcome is to ensure accurate billing to customer for costs incurred.
Quick Summary
The Cost Analyst I is responsible for all activities related to tariffs; including review, approvals, documenting, customer billing & reporting.
Ensure tariff charges on supplier invoices are reasonable based on current tariff rates & that all relevant information is provided (COO, HTS code, PO detail, etc.)
Review CTSI Freight Paid report to identify & ensure tariff related charges are validated & documented to support customer billing
Work with Engineering & Supply Chain teams to identify tariff exclusions that can be claimed by KEJ
Coordinate with customs brokers (UPS, FedEx, Expeditors, etc.) to implement exclusions
Monitor 2DL data to ensure exclusions are applied accurately; work with customs brokers to issue post summary corrections as needed
Review US Treasury refunds to determine where customer credits should be applied
Create monthly billing file by combining tariff charges on supplier invoices and in 2DL Freight Paid file
Provide Controller compiled costs for monthly charges & customer invoice amounts
Update Tariff Reconciliation file at month end to verify that tariff charges posted to the Tariff Expense & Customer & Duties accounts in SAP tie out
Prepare customer monthly billings (SPRs)
Track recovery & work with PM/BM to ensure customer POs are received
First point of contact on customer/PM/BM questions
Cross train with KEJ Finance team to ensure departmental backup
Comply with all Safety, Electrostatic Discharge (ESD) and Quality Management System (QMS) requirements
Key Performance Objectives
Short Term: (0 to 2 months):
Learn SAP system
Learn 2DL navigation & reporting
Learn how to locate customs documentation
Learn to create & issue Tariff SPRs
Midterm: (3 to 9 months):
Review & approve tariff charges in SAP Readsoft
Develop detail file to support duties charged through 2DL
Generate monthly billing file
Determine appropriate allocation of tariff exclusion refunds
Post monthly tariff-related journal entries
Reconciliation of monthly tariff expenses
Support ad hoc requests for tariff-related information
Longer Term (9 to >12 Months):
Proactively provide feedback on process enhancements
Cross train with other financial analyst to ensure departmental backup
Take ownership of all Customer Tooling activities including by not limited to the following: meet with PMs and Engineers monthly to accurately report tooling activities, submit tooling 4-Blocks, create TOs, tracking costs and revenues, creating customer owned assets for insurance purposes, customer owned asset counting/tracking (cycle counts)
Transition into the PROTO Finance Analyst "Controller" responsibility - supporting all accounting and financial reporting activities for the New Product Introduction department
As the primary backup, prepare and submit SPR's (Special Price Requests) as needed from information given
As the primary backup, perform all necessary tasks associated with setting up ECs (Engineering Changes) into the SAP system and ownership of material cost standards -- set-up new materials, costing created, confirm SAP matches quotes
Provide recommendations for business unit cost structure improvements with a focus on a mindful spending philosophy
Identify gaps / errors in current business processes and recommend solutions
Directly support enhancements and development of relevant business tools and systems
Assist in improving business processes driving for gains in efficiency & effectiveness
Other (ad hoc priorities):
Achieve Yellow and Green Belt Certification in KEJ's Six Sigma Program
Respond to audit inquiries promptly with thorough and accurate information
Help support internal control processes & reviews to ensure the integrity, accuracy, and completeness of the business units financial statements
Decision Support-focused ad-hoc projects, manage different projects and bring closure
Proactively provide recommendations for customer cost down opportunities
Be a Change Agent, focusing on continuous improvement and innovation
Be willing to take on additional projects as time allows
Assist Finance and Supply Chain with different ad hoc reporting & requests
Basic Background Requirements
Minimum of 0 to 3 years related work experience required
Ideal candidate will have Manufacturing Finance / Operational Accounting experience
The ability to work with different departments and all levels of the business
Detail oriented and emphasis on complete & accurate results
Problem solving / analyzing and interpreting data
Strong communication skills across all different functions of the business unit
Capacity to request and gather information proficiently
Ability to be self-motivated and self-directed, takes initiative
Customer driven and focused, both internal and external
A bachelor's degree (typically accounting or finance) or equivalent work experience
Helpful, but not required are an MBA, CMA, CPA, or APICS (manufacturing) certifications
Cost Accounting and Standard Cost experience in a manufacturing environment a plus
Experience in Microsoft Office product, especially Excel, required
Helpful, but not required knowledge of SAP