Manager, Cost Accounting

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With platforms in HVAC and Detection and Measurement, SPX Technologies builds innovative solutions that enable a safer, more efficient, sustainable world. Through our RiSE talent development framework, we Reach, Identify, Strengthen, and Engage our employees to support them in their continued development. We're a global company of problem solvers, collaborators, and innovators, and our businesses build solutions that impact the world.

As part of Cooling's Engineered Air Movement, Cincinnati Fan is a leading manufacturer of industrial fans and blowers for OEMs and industrial applications With its high attention to detail for products that are durable, energy efficient, and unparalleled in performance, companies rely on Cincinnati Fan to provide comfort and mission critical and industrial cooling solutions.

How you will make an Impact (Job Summary)

SPX is a diverse team of unique individuals who all make an impact. As a Cost Accounting Manager, you will oversee and analyze all cost expenditures related to the manufacturing processes across all locations within Engineering Air Movement. You will be responsible for developing and producing detailed cost reports and analyses in support of operations and sales acting as the finance liaison with the Inventory Analyst in support of accurate and timely inventory general ledger transactions.

What you can expect in this role (Job Responsibilities)

While each day brings new opportunities at SPX, your core responsibilities will be:

1. Financial Reporting and Analysis

• Lead the development of annual plan and report-out processes and formats as relates to manufacturing standard and variance cost accounting.
• Preparation of monthly operational reports explaining material, labor, and overhead efficiency, and productivity costs in comparison to plan.
• Preparation of monthly standard and gross margin analyses as well as monthly 'cost of goods manufactured' and 'cost of goods sold' statements.
• Works with the Inventory Analyst, Director of IT and CFO to understand current reporting metrics, develop improved reports and fully understand inventory transactions as relates to the general ledger.
• Preparation and maintenance of standard adjusting journal entries with related support as relates to operational cost accounting and monthly inventory book to perpetual.
• Develop and maintain financial cost reports necessary to explain standard and gross margin analyses, as well as the variances to planned results to support weekly financial flashes, monthly results, quarterly forecasts, and annual budget.

1. Cost Management and Control:

• Leads the annual standard cost development and roll of same.
• Monitor plant productivity by product line.
• Monitor manufacturing cost aspects including material, labor and overhead, price-volume-mix analyses, as well as efficiency, productivity, and spend variances.
• Collaborate with Engineering and Operations to ensure Standard Costing is accurate.
• Monitor actual and forecasted commodity costs (steel, copper, PVC, freight) to influence setting of commercial costs and pricing.

1. Compliance and Documentation

• Support external audit and tax preparation functions as relates to cost accounting.
• Support the CFO and Controller in responding to inquiries from management, auditors, headquarters and other authorities regarding cost accounting issues, data in reports, financial information and policies and procedures related to cost accounting as well as SOX compliance.
• Acts as the finance lead for annual physical inventory and monthly cycle counts; works with the operational resources responsible for these processes to assure timely and accurate financial reporting implications.

1. Continuous Improvement

• Create and analyse various metrics to help drive Continuous Improvement initiatives.
• Collaborate and support operations, sales/marketing, and finance teams with insightful analyses and suggestions for improvements.
• Suggests projects focused on improving operational tasks as relates to improving efficiency, productivity, spend and labor tasks.
• Continuously searching for process improvement to increase efficiencies.
• Reviews current reports and suggests additional operational reports to accurately assess the financial implications of manufacturing activities.

What we are looking for (Experience, Knowledge, Skills, Abilities, Education)

We each bring something to the table, and we are looking for someone who has:

Required Experience

• Bachelor's degree in finance, accounting or engineering required; advanced degree is preferred.
• 10+ years of experience in Accounting and Finance, preferably in a manufacturing environment.

Preferred Experience, Knowledge, Skills, and Abilities

• Proven record in assisting operational leadership with understanding and improving processes to support bottom line results.
• Ability to manage a large volume of work and perform multiple tasks in a fast-paced environment.
• Strong skills with Microsoft Office, including Excel, Word, and PowerPoint.
• Ability to communicate effectively verbally.
• The use of ERP systems (preferably SAP) to help drive performance.

Education & Certifications

• Certified Management Accountant (CMA) or Certified Public Accountant (CPA) is preferred.

Travel & Working Environment

The work environment characteristics described below are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Office environment with varying degrees of noise levels.
• Sitting, standing, walking within an office as well as manufacturing environment.
• Keyboarding/typing.
• Ability to read effectively from a computer screen and/or paper copy.

How we live our culture

Our culture is at the center of what we do and, more importantly, who we are. Our core values set a standard for how we manage ourselves, and our Leadership Model sets the standard for how we engage with each other. Whether you are an individual contributor or you lead a large team, each of us leads at SPX.

What benefits do we offer?

We know that the well-being of our employees is integral. Our benefits include:

• Generous and flexible paid time off including paid personal time off, caregiver, parental, and volunteer leave
• Competitive health insurance plans and 401(k) match, with benefits starting day one
• Competitive and performance-based compensation packages and bonus plans
• Educational assistance, leadership development programs, and recognition programs

Our commitment to embrace diversity to build a culture of inclusion at SPX

We value different backgrounds, experiences, and voices at SPX, and we are committed to challenging ourselves, openly communicating, and striving to improve every day. We believe in creating an inclusive work environment where everyone has a voice and is encouraged to realize their fullest potential.

SPX is an affirmative action and equal opportunity employer committed to making selection decisions without regard to race, color, religion, sex, sexual orientation or identity, national origin, age, disability, veteran status, or any other legally protected basis.