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Cost Manager

Ferrero

Bloomington, IL

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JOB DETAILS
SALARY
$80,000–$91,000 Per Year
SKILLS
Accounting, Accounting Close, Actuals, Analysis Skills, Artificial Intelligence (AI), Bill of Materials (BOM), Budget Reporting, Budgeting, Business Case, Capital Analysis, Capital Budgeting, Capital Project, Cost Accounting, Cost Analysis, Cost Control, Cross-Functional, Documentation, Economics, Finance, Financial Analysis, Financial Compliance, Financial Control, Financial Systems, Fixed Asset Management, Food and Beverage Industry, Forecasting, Investment Analysis, Investment Capital, Journal Entries, Leadership, Manufacturing Analysis, Manufacturing Operations, Operational Support, Operations, People Management, Performance Analysis, Problem Solving Skills, Product Support, Production Control, Production Costing, Project Evaluation, Return on Investment (ROI), SAP, Sales, Standard Costing, Stock Keeping Unit (SKU), Strategic Planning, Time Management, Variance Analysis, Work Breakdown Structure (WBS)
LOCATION
Bloomington, IL
POSTED
1 day ago
About the Role:

We have a current opening for a Cost Manager and are actively reviewing applications.

At Ferrero, the Cost Manager plays a key role within the Finance function, supporting the Plant Controller in ensuring the accuracy of industrial cost calculations and the monitoring of production performance. The role leverages Ferrero's internal systems, including SAP and HFM, to support reporting, budgeting, forecasting, and capital investment processes.

The Finance - Industrial Controlling function ensures the accuracy, transparency, and strategic use of financial data related to manufacturing operations, enabling data-driven decisions across local and global teams. It supports the preparation of budgets, forecasts, variance analyses, and investment evaluations to strengthen production efficiency and financial compliance.

The Cost Manager role serves as the key Finance partner within the Bloomington Plant, translating operational performance into actionable financial insights. Reporting to the Plant Controller, the Cost Manager supports cost control, budgeting, capital project analysis, and monthly closings while embedding financial rigor into daily plant operations.

Main Responsibilities:
• Support the Plant Controller in the preparation of the annual budget and standard cost setting (BOM, labor, overheads).
• Monitor and analyze industrial costs, standard costs, and production variances, providing regular performance reporting and insights.
• Perform month end close activities including preparation of journal entries and required reports detailing results including analysis and explanations.
• Support the monthly forecast and Group planning cycles (SAF, Strategic Plan), including risks and opportunities.
• Prepare financial analyses for capital projects, including business cases, ROI, and support to Group approval processes.
• Monitor write-offs, destructions, and obsolescence accruals, ensuring proper documentation and reporting.
• Support capital projects and fixed-asset management, including WBS setup, asset activation, verification, and disposals.
• Ensure timely and accurate reporting in Group systems (HFM, SAP) for budget, forecasts, and actuals.
• Perform cost simulations and project economics to support new products, SKUs, and changes in production flows.
• Supervise and provide guidance to direct reports

About You:
• Bachelor's degree in Finance, Accounting, or a related field.
• 5-8 years of experience in industrial controlling, cost accounting, budgeting, month end close and financial analysis in a manufacturing environment.
• Strong knowledge of production processes, standard costing, and SAP, including fixed-asset management.
• Experience supporting capital investment analysis, budgeting, and ROI evaluations.
• Good understanding of financial systems, including HFM and/or other Budgeting/Forecasting tools.
• Ability to work cross-functionally with Operations and support senior finance leadership (Plant Controller).
• Strong analytical and problem-solving skills, with a track record of improving cost transparency and process efficiency.

Artificial Intelligence Disclosure
As part of our recruitment process, Ferrero may use artificial intelligence (AI) enabled tools to assist with reviewing candidate applications. These tools are used solely to support recruiters by summarizing application information and identifying potential alignment with job requirements. AI does not independently screen out or select candidates, and it does not replace human judgment. Final decisions regarding candidate progression are always made by Ferrero recruiters and hiring managers.

Our Benefits & Perks:

Careers with caring built in - discover our benefits here.

The base salary range for this position is $80,000 - 91,000. Actual compensation will be determined based on experience, qualifications, and other job-related factors permitted by law. This range represents the anticipated salary for this position at this time.

In addition to base salary, we offer a comprehensive benefits package, including health insurance, retirement plans, paid time off, and other benefits.

About Ferrero:

Ferrero began its journey in the small town of Alba in Piedmont, Italy, in 1946. Today, it is one of the world's largest sweet-packaged food companies, with many iconic brands sold in countries all over the world. Find out more about Ferrero at ferrero.com.

DE&I at Ferrero:

Ferrero is committed to building a diverse and inclusive culture in which all employees feel welcomed and appreciated and have the same opportunities. We believe all our people are equally talented in their own way. In nurturing the curiosity and natural abilities of our employees, we provide them, generation after generation, the means to succeed personally and professionally, enabling them to craft their journey at Ferrero. The diversity of our talents is what makes our work environment multicultural, innovative, and highly rewarding.
Find out more here.

Ferrero is an equal opportunity employer and complies with all applicable human rights laws. Ferrero will recruit, hire, train, and promote all persons without regard to race, creed, color, sex (including pregnancy, gender, sexual orientation, and gender identity), religion, national origin or ancestry, age, disability, or history of disability (except where physical or mental abilities are a bona fide occupational requirement and the individual is not able to perform the essential functions of the position even with reasonable accommodations), citizenship, or any other protected characteristic.

Ferrero will accommodate the needs of applicants with disabilities throughout all stages of the selection process. If you need accommodation during the recruitment process, please advise the People & Organization (HR) Representative. Information relating to the need for accommodation and accommodation measures will be addressed confidentially.

About the Company

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Ferrero