Senior Cost Analyst

Requisition ID:  37440
Job Location(s): 

Shawnee, OK, US

Job Description

Danfoss Shawnee is looking for a detailed and energetic Senior Cost Analyst to join our team.  In this role, you'd conduct financial analysis and assist in the development of financial forecasts, profit planning, and month-end close for our plant. The Sr. Cost Analyst collects financial data and ensures conformity with corporate policies and procedures.  You'll prepare and take ownership of financial reports for presentation to plant management and assist in other plant financial tasks as needed.

 

This is an onsite position at our facility in Shawnee, OK.

Job Responsibilities

Responsibilities for this position include but are not limited to, the following:

· Apply generally accepted accounting principles and techniques in all tasks performed. Point out suspected areas of deviations and non-compliance to management for correction.
· Respond to internal and external audits timely and ensure continued plant compliance with SOX requirements 
· Provide financial analysis and assistance to the Accounting Supervisor and the Plant Controller through an in-depth understanding of company accounting policies and practices and business operations. Provide information and assistance to other departments within the organization regarding these financials. 
· Develop familiarity with local ERP systems and demonstrate cognitive understanding of their relationship to business processes, specifically financial transactions. 
· Analyze Price variances, Scrap, Material Usage, and all other variances and supply explanations for variances and put systems in place to ensure these variances are not repeated. 
· Reconcile Balance Sheet accounts and supply explanations for variances and put systems in place to ensure these variances are not repeated. 
· Assure accuracy of cost reductions and supply breakdown by project of Material, Labor, and Other. Report actual and forecast on cost out database. 
· Support Annual Physical Inventory. Assure the accuracy of results by establishing and maintaining proper inventory controls. 
· Understand and maintain the standard cost system. Assure the accuracy of standards. Review routers and BOMs for accuracy. Update standard costs and support transfer pricing process and updates. 
· Support the processing of payroll and continually monitor the cost systems for identification of and recommendation for process improvements required for effective operational support 
· Prepare monthly journal entries and complete other month-end closing processes. 
· Conduct and report results of all special projects assigned by the Controller and/or self-initiated on a timely basis along with proper conclusions and recommendations.
· Prepare capital appropriation requests and work with cross-function teams to ensure projects are performed timely and within the budget 
· Complete daily reports timely and present to staff. Support various ad-hoc analyses and reporting to the Division. 
· Perform monthly closing and support forecasting process and annual profit planning.

Background & Skills

Basic Qualifications 
· Bachelor’s Degree from an accredited university with an emphasis in Finance/Accounting. 
· All candidates must be authorized to work in the United States without company sponsorship. 

 

Preferred Qualifications 
· One year experience in the field of Finance/Accounting. 
· Experience in a manufacturing environment. 
· CPA / CMA Certification 
· Master’s Degree in Finance, Accounting, or Business Position Criteria 
· Strong written and verbal communication skills. 
· Proficiency in Microsoft Outlook, Excel, and PowerPoint. 
· Strong analytical skills and attention to detail. 
· Ability to interpret accounting theories to implement practical judgment. 
· Possess communication skills and human relations principles to work with others in the organization. 
· Possess a good working knowledge of corporate policies and procedures and appropriate internal controls.

 

At Danfoss, we believe that a diverse and inclusive workplace fosters creativity, innovation, and a broader perspective in decision-making. When you consider this job posting, do you feel like your profile is not a perfect match? Numerous studies have found that women and people of color are more likely to apply only when they meet all the requirements listed in the job posting. Even if you do not check all the boxes, we encourage you to apply anyway. We are curious to find out how you can bring new insights to the role or to Danfoss as an organization.

Employee Benefits

We are excited to offer you the following benefits with your employment:

  • Bonus system
  • Paid vacation
  • Flexible working hours
  • Personal Insurance
  • Opportunity to join Employee Resource Groups
  • State-of-the-art virtual work environment
  • Employee Referral Program

 

This list does not promise or guarantee any particular benefit or specific action. They may depend on country or contract specifics and are subject to change at any time without prior notice.

Danfoss – Engineering Tomorrow

At Danfoss, we are engineering solutions that allow the world to use resources in smarter ways - driving the sustainable transformation of tomorrow. No transformation has ever been started without a group of passionate, dedicated and empowered people. We believe that innovation and great results are driven by the right mix of people with diverse backgrounds, personalities, skills, and perspectives, reflecting the world in which we do business. To make sure the mix of people works, we strive to create an inclusive work environment where people of all backgrounds are treated equally, respected, and valued for who they are. It is a strong priority within Danfoss to improve the health, working environment and safety of our employees.

Following our founder’s mindset “action speaks louder than words”, we set ourselves ambitious targets to protect the environment by embarking on a plan to become CO2 neutral latest by 2030.

Danfoss is an EO employer and VEVRAA Federal Contractor. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability, veteran status, or other protected category.

 

Danfoss engineers solutions that increase machine productivity, reduce emissions, lower energy consumption, and enable electrification.

Our solutions are used in such areas as refrigeration, air conditioning, heating, power conversion, motor control, industrial machinery, automotive, marine, and off- and on-highway equipment. We also provide solutions for renewable energy, such as solar and wind power, as well as district-energy infrastructure for cities.

Our innovative engineering dates back to 1933. Danfoss is family-owned, employing more than 42.000 people, serving customers in more than 100 countries through a global footprint of 95 factories.
 

 

Danfoss engineers solutions that increase machine productivity, reduce emissions, lower energy consumption, and enable electrification.

Our solutions are used in such areas as refrigeration, air conditioning, heating, power conversion, motor control, industrial machinery, automotive, marine, and off- and on-highway equipment. We also provide solutions for renewable energy, such as solar and wind power, as well as district-energy infrastructure for cities.

Our innovative engineering dates back to 1933. Danfoss is family-owned, employing more than 42.000 people, serving customers in more than 100 countries through a global footprint of 95 factories.