Senior Analyst, Global Cost and Inventory

Inteva Products•Troy, MI

1d•Hybrid

About The Position

This role is responsible for leading and maintaining the global standard costing framework, ensuring accuracy and integrity of cost standards, and overseeing product part setup and configuration within the PLEX system. The position involves developing and enhancing global standard operating procedures, directing global cost and inventory initiatives, and overseeing monthly COGS calculations and variance analysis. It also includes leading the quarterly excess and obsolete inventory review, assisting with management reporting, and conducting analytical reviews of inventory sub-ledgers. The role requires a deep dive into inventory trends, obsolescence reserves, and write-offs, as well as leading the annual standard cost update process and managing global physical inventories. Additionally, the position involves managing audit requests, reviewing global inventory processes for improvements, and maintaining internal controls. The Senior Analyst will also serve as a Business Process Owner (BPO) to facilitate communication and collaboration. This role requires a hybrid office schedule with a minimum of 3 days per week in the office.

Requirements

Minimum 3-5 years accounting experience
Preferably at least 3 years experience in inventory or cost analysis
Demonstrated high level of interpersonal skills to work effectively with others
Possess strong technology abilities, including Microsoft Excel and database applications.
Good organizational and communication skills
Self-motivated. Initiates activities with high degree of drive and commitment to continuous improvement
Advanced analytical and problem-solving skills

Responsibilities

Lead and maintain the global standard costing framework in PLEX, ensuring consistent application and providing strategic guidance.
Oversee the accuracy, integrity, and alignment of global cost standards, leveraging analytical reviews to identify and resolve discrepancies.
Ensure proper product part setup, configuration, and data governance within the PLEX system, applying detailed review and validation of costing attributes.
Develop, document, and continuously enhance global standard operating procedures and desktop work instructions, drive efficiency and harmonization across regions.
Direct global cost and inventory initiatives, providing analytical insight and leadership on cross-functional projects.
Oversee monthly global Cost of Goods Sold (COGS) calculations, ensuring timely, accurate journal entries and comprehensive review of variances and trends.
Ensure proper accounting treatment for COGS and inventory across all global entities, including validation of system interfaces and alignment with the general ledger.
Lead the quarterly global excess and obsolete review process, analyzing inventory health and proactively identifying risk areas.
Assist in the preparation and review of internal and external management reporting for U.S., Mexico, and other global locations, ensuring accuracy and adherence to reporting deadlines.
Conduct monthly analytical reviews of global inventory sub-ledgers and assigned general ledger accounts, identifying trends, anomalies, and opportunities for improvement.
Perform deep-dive trend and variance analysis on inventory balances, obsolescence reserves, and write-offs, providing strategic insights to senior leadership.
Lead and coordinate the global annual standard cost update process in support of the annual budget cycle, ensuring alignment with corporate financial objectives.
Direct global finance activities related to annual physical inventories, including planning, execution, and post-inventory analysis.
Manage audit requests related to the annual financial statement audit and the quarterly bank audits, including coordination of cycle count observations and supporting documentation.
Review global inventory processes to identify improvement opportunities and implement enhancements to financial reporting and cost accounting systems.
Maintain and evaluate internal controls related to product costing, inventory management, system processing, and general ledger reconciliation across global operations.
Serve as a Business Process Owner (BPO) team to share and receive updates regarding current activities and cross functional impact/support needed.