Senior Financial Analyst - Cost Accounting

Coherent•Dallas, TX

4d•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 role supports daily cost accounting activities to help ensure accurate product costs, inventory, and cost of goods sold. It contributes to the annual standard cost update, costing policies and procedures, inventory controls, and analysis of cost impacts and business performance. The position also supports the annual operating plan (AOP), forecast, and long-range plan (LRP), and helps ensure financial plans and policies are implemented and followed. The analyst partners closely with Operations, Supply Chain, Engineering, and global manufacturing teams. The position offers the opportunity to build expertise in manufacturing cost accounting and grow into increased responsibility over time. It is full-time and onsite. The employee must follow site EHS procedures and applicable corporate EHS standards. Depending on location, the role may also be responsible for executing and maintaining applicable quality and environmental management system 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 identifying root causes, explaining variances, and developing actionable recommendations.
Proficiency with networked PC-based 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 cross-organizational, cross-cultural, global teams.
Excellent verbal and written communication skills, including explaining 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.
Ability to remain stationary for 50% of the time due to prolonged sitting; some light lifting of boxed files may be required.

Nice To Haves

Experience with Oracle ERP Cost Management and Inventory modules and 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.
Develop knowledge of costing processes, systems, and policies and serve as backup for key cost accounting activities.
Assist with the annual standard cost update and maintain standard costs for material, labor, and overhead in Oracle; review item costs, bills of material, and routings for accuracy.
Contribute to reviews and improvements of costing policies, procedures, methodology, and inventory controls.
Analyze cost impacts of operational, volume, pricing, and sourcing changes and help leadership understand 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; communicate results and root causes to Operations and leadership.
Prepare monthly inventory valuation, work-in-process, and cost of goods sold reports, and reconcile inventory subledgers to the general ledger.
Prepare inventory reserve analyses, including excess and obsolete inventory 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 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.
Prepare monthly intercompany reconciliations across global entities, investigate 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 audits, compliance activities, and required documentation.
Identify opportunities to improve reporting, controls, data integrity, and finance processes.
Provide additional support to the Finance team as needed.
Follow site EHS procedures and Coherent Corp. Corporate EHS standards.
Depending on location, execute and maintain applicable quality and environmental management system standards.
Adhere to the company’s ICARE values in all aspects of the position.