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Financial Analyst - Cost Accounting
Location:
Vernon Hills, IL
Description:
JOB DESCRIPTION Location: Vernon Hills, ILDepartment: Finance & Accounting Reports To: Supervisor, Financial Analysis & AccountingDirect Reports/Manages others: NoHybrid Schedule: Our hybrid work environment includes two (2) remote days/week.Rust-Oleum Corporation is a worldwide leader in protective paints and coatings for both home and industry. We offer a wide range of products including decorative fashion paints, durable industrial roof repair coatings and, of course, our famous rust-fighting formula that started it all.We are seeking a talented Financial Analyst with 1-2 years of experience to join our dynamic team. The primary focus of this role will be on inventory management, with an emphasis on managing excess and obsolete (E&O) inventory, collaborating across departments, and standard costing of raw materials and components. The successful candidate will play a vital role in optimizing our inventory processes and ensuring accurate financial reporting.Responsibilities:E&O Inventory Management: * Analyze and monitor excess and obsolete inventory levels. * Work closely with the procurement and production teams to implement inventory reduction initiatives. * Regularly review and update E&O inventory reserve and update based on RPM policies. * Act as a liaison between finance and other departments to provide financial insights and support decision-making. Standard Costing & Month End Close: * Establish and maintain standard costs for raw materials and components. * Analyze and review standard costs to ensure accuracy and relevance. * Assist in the development of cost-saving initiatives and process improvements related to standard costing. * Assist with cost estimates for new and existing business opportunities. * Work with operations team to ensure all accruals are booked. * Create biweekly inventory and cost reports for the business leaders. Physical Inventory Audits: * Plan and execute periodic physical inventory counts. * Coordinate with operations teams to ensure accurate and timely inventory counts. * Analyze discrepancies and investigate root causes of inventory discrepancies. * Implement corrective actions to address inventory discrepancies and improve inventory accuracy. * Prepare documentation and schedules for internal and external audits related to inventory. * Participate in audit meetings and provide support to auditors as needed. * Address audit findings and implement recommendations to strengthen internal controls and ensure compliance with accounting standards and regulations. Travel: * Up to 25% travel may be required for this role, including visits to regional offices, suppliers, and manufacturing facilities as necessary to support inventory management initiatives and audits. Qualifications: * Bachelor's degree in finance, Accounting, Economics, or related field. * 1-2 years of experience in financial analysis, preferably with a focus on inventory management. * Strong analytical skills with the ability to interpret financial data and trends. * Proficiency in Excel and other financial analysis tools. * Excellent communication and interpersonal skills, with the ability to collaborate effectively across departments. * Knowledge of standard costing principles and inventory accounting practices is preferred. * Detail-oriented with a commitment to accuracy and data integrity. * Ability to thrive in a fast-paced environment and manage multiple priorities effectively. From big benefits to small, we take care of our associates! After 30 days of employment, you will be eligible for a benefits package that includes medical, dental, life, disability and business travel insurance, flexible spending accounts, EAP, stock purchases and vacation/sick days/parental leave. We also offer a 401(k) plan after three months of employment. Associates are vested in the RPM Pension plan after completing five years of service. Rust-Oleum offers 9 paid holidays and one floating holiday per year. You are also eligible to earn three weeks of vacation on an annualized basis.Rust-Oleum is an equal opportunity employer. Employment selection and related decisions are made without regard to sex, race, age, disability, religion, national origin, color, or any other protected class.
Industry:
Accounting & Finance
Posted:
May 18 on Broadbean
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More About this Listing: Financial Analyst - Cost Accounting
Financial Analyst - Cost Accounting is a Accounting & Finance Financial Analyst Job located in Vernon Hills IL. Find other listings like Financial Analyst - Cost Accounting by searching Oodle for Accounting & Finance Financial Analyst Jobs.
Financial Analyst - Cost Accounting is a Accounting & Finance Financial Analyst Job located in Vernon Hills IL. Find other listings like Financial Analyst - Cost Accounting by searching Oodle for Accounting & Finance Financial Analyst Jobs.