Senior Financial Analyst - Cost Accounting

Coherent Corp. Vietnam•Dallas, TX

1d•Onsite

About The Position

The Senior Financial Analyst – Cost Accounting provides financial planning, analysis, accounting, and cost accounting support for the Thermal Solutions Finance organization. In partnership with the Cost Accounting Manager, the position supports the daily cost accounting function to ensure accurate product costs, inventory, and cost of goods sold. It supports the annual standard cost update, reviews and improves costing policies and procedures, and provides insight into cost impacts and business performance. The role also helps implement and follow financial plans and policies, including the annual operating plan (AOP), forecast, and long-range plan (LRP). It partners closely with Operations, Supply Chain, Engineering, and global manufacturing teams, with opportunities to develop broad manufacturing cost accounting expertise and take on increased responsibility over time. The role analyzes manufacturing variances and inventory, prepares cost and financial reporting and reconciliations, supports monthly close and audits, and contributes to process, control, and data-integrity improvements. It is full-time and onsite. Employees must follow site and corporate EHS procedures. Depending on location and role responsibilities, the position may also be responsible for executing and maintaining applicable quality and environmental standards.

Requirements

Bachelor’s degree in Accounting, Finance, or a related field.
Five or more years of experience in a manufacturing environment.
Three or more years of experience in financial planning and budgeting.
Hands-on experience with standard costing, inventory valuation, and manufacturing variance analysis.
Strong attention to detail and accuracy in costing data, financial reporting, and reconciliations.
Strong analytical skills, including the ability to identify root causes, explain variances, and develop actionable recommendations.
Proficiency with networked PC-based computer systems, Microsoft Office, advanced Excel spreadsheets, email, Oracle, and other ERP or reporting systems.
Strong working knowledge of standard costing, bills of material, routings, overhead allocation, and inventory accounting under U.S. GAAP.
Comfort working directly with Operations on the manufacturing floor to understand processes and validate costing data.
Self-starter with strong ownership and follow-through.
Ability to work independently with limited supervision while managing multiple priorities and short deadlines.
Ability to work effectively in a cross-organizational, cross-cultural, global team environment.
Excellent verbal and written communication skills, including the ability to explain complex cost and financial information clearly to non-finance audiences.
Ability to maintain professionalism and handle sensitive information confidentially.
Continuous-improvement mindset and experience improving reporting, processes, controls, and financial visibility.

Nice To Haves

Experience with Oracle ERP Cost Management and Inventory modules.
Experience with Hyperion.
Experience with intercompany accounting and reconciliations across multiple entities.
CMA or CPA.

Responsibilities

Support the daily cost accounting function with the Cost Accounting Manager to ensure accurate product costs, inventory, and cost of goods sold in the financials.
Develop knowledge of costing processes, systems, and policies, and provide backup for key cost accounting activities.
Assist with the annual standard cost update; maintain material, labor, and overhead standard costs in Oracle; and review item costs, bills of material, and routings for accuracy.
Contribute to reviews and improvements of costing policies and procedures, costing methodology, and inventory controls.
Assess the cost impacts of operational, volume, pricing, and sourcing changes and help leadership understand the financial impact of business performance.
Assist with labor and overhead rate development, monitor overhead absorption, and analyze under- and over-absorbed costs.
Analyze and explain manufacturing variances, including purchase price, material usage, labor, overhead, yield, and scrap variances, and communicate results and root causes to Operations and leadership.
Prepare monthly inventory valuation, work-in-process, and cost of goods sold reporting; reconcile inventory subledgers to the general ledger.
Prepare inventory reserve analyses, including excess and obsolete and lower-of-cost-or-net-realizable-value analyses.
Support physical inventory, cycle counts, inventory reconciliations, and the year-end inventory audit.
Partner with Operations, Supply Chain, and Engineering to identify cost drivers, track cost-reduction initiatives, and improve costing-data accuracy.
Prepare cost-related journal entries and accruals during the monthly close.
Support the AOP, forecast, and LRP, focusing on standard costs, inventory, cost of goods sold, and gross margin.
Prepare product cost and gross margin analyses for pricing, make-versus-buy, new product introduction, and cost-reduction decisions.
Research department expense variances and explain financial results to Finance, Operations, and leadership teams.
Help ensure the company’s financial plans and policies are implemented and followed.
Prepare monthly intercompany reconciliations across global entities; research and resolve differences and coordinate with international finance teams.
Prepare and review monthly balance-sheet account analyses and reconciliations; research and resolve reconciling items.
Support internal and external audit requests, compliance activities, and required documentation.
Identify opportunities to improve reporting, strengthen controls, enhance data integrity, and streamline finance processes.
Provide additional support to the Finance team as needed.
Follow site EHS procedures and Coherent Corp. Corporate EHS standards.
Depending on location and relevant responsibilities, execute and maintain applicable quality and environmental management standards.
Adhere to the company’s ICARE values: Integrity, Collaboration, Accountability, Respect, and Enthusiasm.