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Cost and Inventory Accounting Manager

Andersen Corp.
United States, Minnesota, Bayport
January 26, 2023

Description & Requirements
ANDERSEN CORPORATION SUMMARY

We're focused on bringing more light into people's lives by helping them create healthier, happier spaces to build memories and do what they love. This applies to our team, too. By celebrating our differences and embracing a positive work-life balance, we are recognized as a Yellow Ribbon company, one of Forbes Magazine's 2021 "America's Best Large Employers" and a "Best Employer for Diversity." As a 2021 Energy Star Partner of the Year, Andersen is also committed to environmental health and sustainability. No matter your role, you'll have the opportunity to make a difference.

Andersen is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, pregnancy, age, disability, marital status, national origin, citizenship, genetic information, protected veteran status, or any other characteristic protected by law.

SUMMARY

This position serves as the leader of the cost and inventory accounting functions to ensure accurate and timely recording and reporting of inventory financial and operational information. This role requires the coordination and management of the accounting processes related to product cost accounting and inventory accounting for enterprise financial inventory activity through the application of generally accepted accounting principles, proper processes, and internal controls. This position also serves as a leader on project teams leading strategic initiatives, ensuring finance capabilities are achieved, along with meeting fiduciary standards.

PRIMARY RESPONSIBILITIES

  • Manage the period-end, year-end and budgeting cost and inventory accounting activities, ensuring the accurate, timely and proper recording of inventory related financial information in accordance with GAAP. Ensure the integrity of inventory related system data, cost accuracy of materials and products, and the reporting of inventory related financial information including the preparation and review of LIFO accounting schedules. 20%
  • Manage the activities for executing the annual cost cycle process. Establish the Cost Cycle plan and assign roles and responsibilities as needed to ensure timely and accurate completion of the process, in compliance with company accounting policies and current guidance. Organize the workload of the team to execute the conversion to new standards in the production system, meeting the deliverables and managing timelines. Ownership and responsibility to oversee the review and documentation of the results of the final updated product costs. Package and communicate information throughout the process to ensure alignment and understanding within the business and finance leadership. 15%
  • Develop staff through direct feedback, coaching, training and educational opportunities to provide the Finance organization with future accounting and finance leaders and technical experts. Foster an environment with frequent opportunities for staff growth and development through changing and increasing job responsibilities. Provide direction to staff on effective methods for inventory accounting and on questions/issues encountered. 20%
  • Provide recommendations and solutions for existing financial accounting activities, policies and procedures, ensuring all are in compliance with accepted standards and practices. Lead the discipline of maintaining financial data integrity and internal controls and manage implementation of new processes or controls. Provide guidance on product cost and cost management principles by remaining current in industry developments. 10%
  • Oversee the physical inventory process. Establish department plans for timing and assign roles and responsibilities for the execution and reconciliation of the results. Coordinate the process for the systems, operational execution and finance support. Review valuations for completeness, reasonableness, test accuracy of calculations, and review results. Ensure supporting documentation is maintained and prepare and communicate the consolidated results to operations and finance management. 5%
  • Lead the team in process improvement (simplification and standardization) and change efforts. Recommend system improvements, infrastructure changes and processes to maximize operational efficiency. Focus on best practices to keep pace with the needs of the business. 10%
  • Finance leader supporting strategic, complex, enterprise initiatives (project-related work) Ensuring finance capabilities and systems delivered meet aligned enterprise standards and fiduciary responsibilities. 10%
  • Supports and leads the escalation of issues timely and appropriately o Manages the relationship with business partners, operational teams / subject matter experts, and key stakeholders to ensure collaboration, common agreement / alignment of scope, timeline, deliverables, and trade-offs 10%

MUST HAVE QUALIFICATIONS

  • Bachelor degree in Accounting required; MBA a plus. CPA preferred.
  • A minimum of 7 years related experience
  • Process oriented with a continuous improvement mindset who embraces change
  • Project management capabilities, good presentation skills and demonstrated strategic thinking skills
  • Desire and ability to coach and develop finance associates and teams
  • Effective communicator with both financial and non-financial managers
  • Proficient with Microsoft Excel, Power BI, and other financial tools, computer applications and technology
  • Strong accounting knowledge and orientation, understanding of accounting concepts and strong finance technical skills, including knowledge of GAAP

CULTURE AND BENEFITS

"Be Orange. Be You" is how we express our belief that by embracing our differences and empowering you, we'll be a stronger team able to accomplish what otherwise wouldn't be possible. This Orange spirit has helped us become the #1 innovative window and door brand and the one homeowners love the most. It's also why we're committed to supporting you to approach each day with a bright outlook.

Benefits include, and are not limited to:

  • Medical/Dental/Vision/Life Insurance
  • Health Savings Account contributions
  • Paid holidays plus PTO
  • 401(k) plan & contributions
  • Professional development and tuition reimbursement opportunities
  • Charity contributions
  • Nationwide career opportunities

We look forward to seeing how your unique skills, background and experiences will inspire our team and help us continue to be the leader we are today.

- 2020 Andersen brand surveys of U.S. contractors, builders & architects

- 2020 Andersen Brand Survey of U.S. homeowners

In 2023, Andersen has set a profit-sharing target of $4,000 per eligible employee, prorated as appropriate. Profit sharing will be paid out in quarterly installments to provide eligible employees with payments throughout the year, with payment amounts tied to quarterly operating profit performance.

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