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Cost Accountant - Manchester, NH

Date: Nov 6, 2020

Location: Manchester, NH, US, 03109-5311

Company: Hubbell Incorporated

Corporate Overview
Hubbell Incorporated was founded in 1888 and has grown into an international manufacturer of quality electrical, lighting and power solutions with more than 75 brands used and recognized around the world. Our founder, Harvey Hubbell, developed tooling and equipment to serve the growing demand for new assembly and manufacturing machinery during the industrial revolution. An early, and one of many patents awarded, came for the creation of the first practical method to control electricity through the pull chain socket that remains unchanged today. As a market leader in reliable, electrical solutions, we provide more than half a million products delivered through our various business groups. Hubbell is committed to continually innovating solutions that work, transforming old products with new ideas, and ensuring that we Energize, Enlighten and Empower the communities that support us.
 
Division Overview
Hubbell Construction & Energy (HCE) focuses on products to support four business segments: Connectors, Grounding & Tooling, Gas Connectors & Accessories, Harsh & Hazardous, and Distribution. With markets in renewable energy, lighting, transportation, data center, telecom, utility, extreme environment, gas and water distribution, power generation and oil & gas, we guarantee that our products set the standards for industry solutions. Our success not only depends on our value proposition, but on the strength, knowledge and expertise of our employees.
Brand Overview

Established in 1924, BURNDY, a member of the Hubbell group of companies, is a global manufacturer of connectors, fittings and tools for electrical utilities, commercial, industrial and residential contractors, maintenance and repair companies, as well as the telecommunication and renewable energies market.

Posting Address

Manchester, NH

Position Overview

Job Summary:
Responsible for all aspects of cost/operational accounting within the Burndy business unit covering 2 or more plants, a inventory distribution center and a pool of central indirect operating costs. The overall mission of this role is to obtain data and apply it in helping the organization to make effective operational decisions that contribute to overall profitability. At Burndy, a cost account will serve as an expert in quantitative and qualitative variance analysis while working closely with the operations and management teams. This person should excel in identifying key data, interpreting findings, and helping managers understand the numbers behind their operational actions. This role entails a high degree of participation in routine tasks (month-end closing, standard costing, variance analysis, physical inventories, variance capitalization analysis, excess & obsolete inventory analysis, cycle count process, etc.) and in large projects (post-acquisition integrations, capital investment analysis, ERP system upgrades, etc). A strong candidate for this role will demonstrate willingness and ability to visit operational sites and partner with operational leaders across the business. 

Duties and Responsibilities

COST ACCOUNTING
Daily production order variance review.  Identify significant favorable/unfavorable variances.  Review with operations staff (warehouse, planners, etc) & champion ERP system corrections where applicable.
Compile and calculate cost information and perform cost rolls in SAP as needed.
Weekly Purchase Price Variance review identifying significant variances.  Review with purchasing staff & champion ERP system corrections where applicable.
Monthly End financial closing
Prepare cost entries for the Month End financial closing
PPV Analysis, including subcontractors by product lines and factories
WIP Aging Analysis
Production Variance Analysis (in liaise with the Operations group)
Review Perpetual Inventory Reports
Analyze Excess & Obsolete inventory and prepare quarterly reserve analysis in accordance with Hubbell policy & procedure
Monitor the factory expenses, manufacturing variances, and inventory balances.
Prepare high level monthly P&L statements by site.
Analyze the performance of various products and operational segments.
Support new product development teams in providing value-added financial analysis.
PRODUCTIVITY PLANNING/REPORTING
Work with operations team to identify & measure the return on productivity projects at the plant
Serve as “scorekeeper” for cost reduction program reporting and tracking.
Analyze and report the full potential program results by project
ANNUAL PHYSICAL INVENTORY
Lead role in this area
Coordinate with Operations Management to conduct a full- scale PI each year
Prepare, audit, and reconcile the annual physical inventory.
Working with operations to investigate inventory variances and to improve inventory controls
ANNUAL STANDARD COST ROLL
Lead role in this area
Coordinate and perform the annual standard cost roll to establish product costs in conformance with Hubbell policy & procedure. 
Last price paid review (Purchased Materials, Subcontract Materials & Outside Services)
Calculate Labor & Overhead Rates
Calculate Material Burden Rates
Perform & Review Analysis of STD Cost Changes & impact on STD Margin
ANNUAL PLAN/BUDGETING
Assist management in the preparation of annual expense and capital budgets and related analysis.
Provide reports to management on Actual vs. Budget expenses, and assist managers to investigate and resolve discrepancies.
Prepare in liaise with factories their plant overhead budgets.
SOX CHAMPION FOR SITE
Understand & apply Hubbell key controls as they relate to the plant’s activities
Understand & apply HCE Signature of Authority Matrix
INTERNAL & EXTERNAL AUDIT SUPPORT AS NEEDED
OTHER ADHOC REQUEST AS NEEDED
SUCCESSFULLY COMPLETE
Safety Training
Quality Training
ISO Training
Develop strategies to meet department objectives.
Set priorities and allocate resources to execute department strategies.
Set procedures to provide standardized work methods for improved productivity

Skills and Experience
  • <span style="font-family:"Times New Roman",serif"><span style="font-family:"Calibri",sans-serif">5+ years related experience working for a manufacturing company with a fully integrated ERP system, preferably SAP.
  • <span style="font-family:"Times New Roman",serif"><span style="font-family:"Calibri",sans-serif">Prior experience calculating and performing annual cost rolls<span style="font-family:"Arial",sans-serif">.
  • <span style="font-family:"Times New Roman",serif"><span style="font-family:"Calibri",sans-serif">Prior experience leading physical inventories.
  • <span style="font-family:"Times New Roman",serif"><span style="font-family:"Calibri",sans-serif">Must be strong in Excel.
  • <span style="font-family:"Times New Roman",serif"><span style="font-family:"Calibri",sans-serif">Highly organized with an ability to work well under tight time constraints.
  • <span style="font-family:"Times New Roman",serif"><span style="font-family:"Calibri",sans-serif">Strong ability to communicate technical accounting materials to non-accountants
  • <span style="font-family:"Times New Roman",serif"><span style="font-family:"Calibri",sans-serif">Ability to manage multiple priorities simultaneously
  • <span style="font-family:"Times New Roman",serif"><span style="font-family:"Calibri",sans-serif">Willingness and ability to travel to operational sites and partner with operations management
Education
Bachelors Degree in Finance or Accounting
Relevant Industries

 

Hubbell Incorporated, its subsidiaries and affiliates, is an EO Employer AA: M/F/Veteran/Disability. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, protected veteran status, sexual orientation, gender identity or any other protected class.


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