Sr. Cost Accountant

Finance, Accounting and HR Temple, Texas


Description

Position at Wilsonart

Company Overview

 

Headquartered in Austin, Texas, Wilsonart is a world leading manufacturer and distributor of engineered surfaces with approximately $1.4b in annual revenue and a global workforce of more than 4,500. Wilsonart surfaces are used in the office, education, healthcare, residential, hospitality and retail markets. Wilsonart, operating under the Wilsonart®, Resopal®, Polyrey®, Arborite®, Laminart®, Bushboard™, Mermaid™, Shore®, Ralph Wilson®, KML®, NewLeaf®, Wetwall®, Durcon® and Technistone® brands, manufactures and distributes High Pressure Laminate, Quartz, Solid Surface, Coordinated TFL and Edgebanding and other engineered surface options. Wilsonart does business in more than 100 countries with manufacturing operations in North America, United Kingdom, France, Germany and Czech Republic.

 

Positioned for Future Growth

 

An extensive global manufacturing footprint, state-of-the-art process technologies, and scalable Global distribution capabilities provide a meaningful competitive advantage with excellent brand recognition and a reputation for product innovation and superior service which allow for strong and stable margin performance and robust cash flow conversion.  We have a strong company culture and extremely talented employee base as well as a dedicated and invested core Executive Leadership Team.

 

Our History

 

For more than 60 years, Wilsonart has honored our founders' promise to provide our customers with industry-leading products and service.

 

In November 2012, Wilsonart became a new, independent company when Clayton, Dubilier & Rice ("CD&R") and Illinois Tool Works Inc. (NYSE:ITW) completed a transaction for the sale of ITW's Decorative Surfaces business unit. CD&R acquired a majority stake in the new freestanding business and ITW retained an ongoing ownership stake.

 

Founded in 1978, Clayton, Dubilier & Rice is a private equity firm with an investment strategy predicated on producing financial returns through building stronger, more profitable businesses. The Firm’s partners and advisors include a combination of skilled investment decision-makers and seasoned corporate leaders from major global enterprises. Since inception, CD&R has managed the investment of more than $18 billion in 56 businesses with an aggregate transaction value of approximately $90 billion. The Firm has offices in New York and London. For more information, please visit http://www.cdr-inc.com/.

 

Illinois Tool Works or ITW (NYSE: ITW) is a Fortune 200 company that produces engineered fasteners and components, equipment and consumable systems, and specialty products. It employs more than 50,000 people, and is based in Glenview, Illinois, with operations in 57 countries.

 

Our Mission and Values

 

Wilsonart is driven by a mission to create surfaces people love, with service you can count on, delivered by people who care. Wilsonart is driven by providing beautiful, hard-working, on-trend and high performing engineered surfaces for whatever you need to cover. For decades, our companies worldwide have given designers and builders the right tools for the job, no matter how specialized. Today, we bring you a portfolio of solutions, both decorative and functional, that spans retail, hospitality, healthcare, education, office and institutional applications.

 

Service You Can Count On.

 

Wilsonart is dedicated to getting our customers what they want, when and how they want it. From a North American fleet of trucks, to strategically located distribution centers around the world, we can service the globe with our expanding range of products and services.

 

People Who Care.

 

Over 4,500 people strong, Wilsonart is made up of dedicated people who care about doing the right thing, every day. Whether it’s making a flawless sheet of high pressure laminate, volunteering at a community house raising or sourcing sustainable materials, Wilsonart people care deeply about what they do, who they do it for, and how they do it.

 

Position Overview

 

The Cost Accounting Leader will be responsible for providing a wide range of financial and analytical services in support of both the Finance organization and our Manufacturing operations. The principal responsibility will be for the Company’s manufacturing facilities in Oxford, Mississippi and Klamath Falls, Oregon. As a senior member of our team, we expect the successful candidate to quickly assume a leadership role within the U.S. based organization. The Cost Accounting Leader will help the team improve the month-end close process including the accurate and timely reporting of financial results and inventory positions. Additionally, the successful candidate will routinely collaborate with the manufacturing team to identify and execute on performance improvements and cost reductions.  We also expect the Cost Accounting Leader to occasionally travel (less than 5% of the time) to various manufacturing locations within the United States on an as needed basis.

 

Primary Responsibilities

 

  • Conduct the monthly financial close of inventory based transactions for approximately 40 organizations including 6 factories
  • Support new factory start-up activities including accounting for non-recurring costs, monitoring actual utilization of factory assets relative to expectations, and training new employees on factory and product cost details
  • Prepare actual vs. plan (budget) analysis. Prepare various financial analysis related to manufacturing costs, inventory, and expense information for various customers as needed for decision making support.
  • Investigate and resolve significant manufacturing variances to standard costs and significant variances to budgets and forecasts
  • Set up new raw material, packaging, WIP, and FG items; create and maintain production BOMs; maintain periodic cost rolls/updates
  • Analyzes changes in product design, raw materials, manufacturing methods, or services provided, to determine effects on costs. Analyzes actual production costs and prepares periodic
  • Publish monthly reports of factory performance against pre-defined key metrics
  • Publish monthly details of company inventory positions used as the basis for audit, tax and insurance reporting requirements
  • Provides reports specifying and comparing factors affecting prices and profitability of products or services
  • Support the annual audit conducted by the company’s external auditors
  • Collaborate with the material specifications team to create and maintain standard costs of inventory procured using actual and / or anticipated purchasing and delivery costs
  • Collaborate with the material specifications team to create and maintain standard costs of inventory manufactured using detail bills of material and detailed routings containing time requirements and resource rates
  • Conduct mass updates of standard costs as needed and when approved by the executive team
  • Collaborate with the product teams to identify and record financial exposure related to slow moving and obsolete inventory
  • Collaborate with the IT team to identify and resolve system related issues as well as refining existing processes
  • Collaborate with the product teams and the logistical teams to develop new accounting flows (and corresponding internal controls) for new business models
  • Collaborate with the FP&A team to identify cost drivers and develop models as the basis for forward looking plans and forecasts
  • Support the factory management teams when ad hoc requests are made (including ROI analysis for capital investments and validation of cost improvement projects)
  • Develop and maintain standard costs of finished goods and production components in a worldwide ERP system
  • Maintain and improve processes and controls associated with manufacturing costs and inventory valuation
  • Lead and manage the quarterly excess and obsolete inventory review process
  • Ensure validity and accuracy of ERP through analysis, internal audit, and coordination with inventory control, production and work order processing
  • Assist in developing and documenting policies and procedures, including system requirements and internal controls
  • Represent Finance/Accounting on teams designed to improve operations, reduce costs, etc.

 

 

Minimum Qualifications

 

  • Bachelor Degree in Finance, Accounting or related field
  • 5+ years of experience in Finance and/or Accounting preferably in a Cost Accounting role
  • Ability to work under tight deadlines in a team environment
  • Strong analytical and problem solving skills
  • High degree of attention to detail
  • History of collaboration with IT, operational and product teams
  • Ability to work effectively in a team environment
  • Exceptional written and verbal communication skills
  • Ability to effectively translate results of detailed analysis into clear, concise and actionable recommendations

 

 

Preferred Qualifications

 

  • 7+ years of experience in Finance and/or Accounting preferably in a Cost Accounting role
  • Master’s Degree in Finance, Accounting or related field
  • CPA and prior experience as consultant at one of the “Big 4” accounting firms

 

Wilsonart is an Equal Opportunity / Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status.