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Cost Specialist

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Date: Jan 18, 2019

Location: San Jose Iturbide, GUA, MX

Colgate-Palmolive is a leading global consumer products company, tightly focused on Oral Care, Personal Care, Home Care and Pet Nutrition. Colgate sells its products in over 200 countries and territories around the world under such internationally recognized brand names as Colgate, Palmolive, Speed Stick, Lady Speed Stick, Softsoap, Irish Spring, Protex, Sorriso, Kolynos, elmex, Tom’s of Maine, Sanex, Ajax, Axion, Fabuloso, Soupline and Suavitel, as well as Hill’s Science Diet, Hill’s Prescription Diet and Hill’s Ideal Balance.

For more information about Colgate’s global business, visit the Company’s web site at http://www.colgatepalmolive.com. To learn more about Colgate Bright Smiles, Bright Futures® oral health education program, please visit http://www.colgatebsbf.com. To learn more about Hill's and the Hill’s Food, Shelter & Love program please visit hillspet.com. To learn more about Tom’s of Maine  please visit  http://www.tomsofmaine.com.

Location: San Jose Iturbide, Guanajuato, Mexico
No Relocation Assistance Offered
# 71714

 

Objective:

 

The Cost Specialist is the key financial steward of the focus factory and is a strategic partner to provide financial guidance and direction to the operations team to insure the long-term success of the focus factory.  

 

Responsibilities:

 

Financial Management

 

  • Cost Specialist is responsible for the management of the focus factory spending and ensuring that key budget targets (Cost per Case, Cost per Ton) are being delivered. Key attention to headcount, labor costs, utility costs, maintenance spending, and fixed conversion costs.
  • Responsible for the Quarterly Standard Cost calculations for the focus factory and managing the process to ensure a timely submission of costs and intercompany prices for both materials and finished goods. Imperative to collaborate with Global and Regional CBS, ensuring that master data is accurate and reviewing rate routings and providing all the explanations needed for significant changes to the cost.
  • Responsible for the month-end financial closes and collaborating with Colgate Business Services (CBS) to achieve timely closes and maintain the financial integrity and accuracy of the data.  
  • Balance Sheet reconciliation of prepaid and accrual accounts, as well as GR/IR un-vouchered accounts, and monthly review of capital spending (MWIP account) to insure projects are on time and within budget.
  • Tracking and management of Fixed Assets movements as well as the physical counts and follow up all the capitalization process for the CEB projects related to the plant, including idle asset analysis and depreciation simulation.

     

    Financial Statement Impact

     

  • Analyze  plant performance reports and financial statements and monitors key business drivers to communicate timely insights
  • Responsible for effectiveness of internal controls related to inventory management.  Ensure the focus factory is efficiently utilizing working capital: physical counts, DOC tracking, review of SLOB materials, and communicating risks and opportunities.
  • Recommends possible solutions to address financial issues based on knowledge of the business

 

Financial analysis & Business insight

 

  • Communication of monthly results to the Plant Controller and providing a summary of the key events, with action plans to close performance gaps and risks to the P&L.  The Cost Specialist is the key partner for the operations team to help them prepare for the monthly production performance reviews (PPR’s).
  • Providing monthly analysis of the manufacturing variances for the focus factory and quarterly estimates of production volume and manufacturing estimates, with focus on the risks and opportunities.
  • Collaboration with procurement to understand Purchase Price Variances and identify issues with material prices and influences of exchange rate fluctuations with the period.
  • Absolute Material Loss reporting each month and the identification of opportunities to reduce scrap and material loss in the focus factory.  Also, look for opportunities to employ best practices in the Colgate supply chain that are applicable to the focus factory.
  • Responsible for performance of the annual conversion cost budget (Cost of Sales) and the Mid-Year Reviews. These tasks are critical and require the leadership and guidance of the Cost Specialist to insure that costs are properly stated for the next year.
  • Validation and review of FTG projects and insuring the integrity of the FTG database for the focus factory.
  • Reviewing and validating CEB savings for MWO’s: volume, cost, profit, etc. Collaborating with engineering, operations, and commercial teams to insure alignment of key project assumptions.
  • Special projects and participation on Colgate taskforce.

 

Business Perspective & Partnering

 

  • Alignment and constant communication with Budget & Planning team: cost of goods sold, volume validation, SLOB risks, and new product launches.
  • Educates cross-functional partners on key financial concepts

     

    What do you need for this position?

     

  • Scholarship:  Bachelor´s degree in accounting, finance or business.
  • Experience: 3-5 years of experience in finance areas accounting and/or cost.  
  • English: Advanced
  • Excel: Advanced
  • Powerpoint: Advanced
  • Leading direct reports experience (desirable)

 

Colgate Functional & Leadership Competencies

 

  • Planning/Priority Settings
  • Relationship building
  • Decision making
  • Effective communication

Are you interested in working for Colgate-Palmolive? You can apply to work with us using this online application. Attach all relevant documents such as a cover letter and resume or CV. Applications received by e-mail are not considered in the selection process.

Become part of our team. We look forward to your application.

Equal Opportunity Employer
Colgate is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender identity, sexual orientation, national origin, ethnicity, age, disability, marital status, or any other characteristic protected by law.


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