Job Details

Position: Cost Control Manager

Principal Duties and Responsibilities:

The Cost Control Manager reports directly to the Plant Internal Controller who reports functionally to the México Controller.

The Cost Control Manager has the primary responsibility to prepare monthly, quarterly and year-end cost reporting that is timely and accurate. This position is responsible for accounting analysis, monthly cost closing, physical inventories in all Goodyear sites, compliance with SOX, company policies, and US GAAP and Local GAAP.

Responsible for the cost reporting processes to ensure accuracy and timeliness. This includes monthly, quarterly and annual cost closing procedures, account reconciliations, and establishing judgmental reserve balances. Ensure processes are in compliance with U.S. GAAP and Company Policies.

The Cost Control Manager is also responsible for supervising and managing the activities performed by the Fixed Asset Analyst, related to Fixed Assets / CAPEX projects accounting matters, including capitalization and expenses segregation, cost control reports, budgets control, policy and SOX compliance, actual and budgeted depreciation, capital interest calculation under US GAAP and local GAAP, and all activities that can affect budget figures and evolution, CAPEX, cash flow, Actual Cost, etc.

Principal Duties:

1. Ensure controls, external and SOX audit gaps identified are remediated on a timely basis.
2. Identify possible controls gaps and opportunities to design and develop strong internal control in Fixed Assets, Inventory, and cost processes.
3. Responsible for Actual cost close activities, including Cost Conversion and Material Ledger.
4. Responsible for updating materials Standard Cost on a monthly basis, including analysis between prior months.
5. Ensure all accruals are properly recognized in the correct period.
6. For each full wall-to-wall physical inventory and for each cycle count (or at least on a monthly basis), assure all controls and procedures outlined in accounting policy are executed.
7. Participate at least quarterly to observe the cycle procedures being performed.
8. Walk the location at least monthly and inquire to determine that all excess, obsolescence and scrap have been identified, including molds and items identified as work-away.
9. Perform analytic procedures comparing Inventory levels, Fixed assets movements vs Prior Month, Prior Quarter close, Prior year month, etc., to send to corporate explanations of variances identified of the analyzed periods, to identify possible misstatements in Company financial position.
10. Perform analytical procedures comparing actual waste to budgeted waste month over month.
11. Ensure the waste reported by the plant is aligned with the waste policy.
12. Walk the floor at least monthly and note any visible stacks of work-away or waste that are growing. Ensure that amounts are properly accounted for and any necessary valuation allowances are recorded.
13. Understand the main reasons for the variances between budgeted and previous periods, to inform local and corporate management in cost-saving opportunities or risk of financial losses.
14. Review idle assets, surplus, and obsolete inventory to avoid financial loss.
15. Coordinate with several operating departments to ensure adequate internal control compliance.
16. Approval and review of Company purchase orders to ensure they are aligned to the Financial plan.
17. Reconciliation of Financial accounts to identify the detail and the aging of the reviewed accounts.
18. Drive continuous improvement initiatives related to cost processes and systems.
19. Responsible for the upkeep and upgrades of the cost systems and for cost initiatives.
20. Work with finance leadership to identify actionable cost reduction and cash flow generation opportunities.
21. Prepare executive summaries of risk/opportunities identified.
22. Ensure adequate accounting of the project activities, including review of Fixed Asset Capitalization, depreciation, and expense segregation under US GAAP and MEX GAAP.
23. Know scope and estimate by having cost and commitment reports updated.
24. Budget/Project closeout to release assets to production and verify the capital and expenses are properly segregated.
25. Ensure strong control environment (Corporate policies and SOX compliance).
26. Review monthly Project Reports (cost information) to follow project's activities and CAPEX figures.
27. Review physically the equipment purchased by the Company to ensure the property acquired exists.
28. Inspect the current projects in progress to ensure they are not still working. Periodic meetings with Plant engineers to understand the business need of the property acquired, track the progress of the open projects, and analyze to understand the reasons projects need to still be open.
29. Knowledge of the detail of all the assets and Capital Work in process of the company.
30. Strict monitoring with engineers to capitalize the equipment ready for production activities.
31. Monthly sampling of Company assets to ensure there are no idle assets in company books.
32. Analysis of the main assets of the Company to identify if it is necessary to recognize capital interest under Local and US GAAP.
33. Support in Cost conversion and materials month-end closing, including but not limited to analysis of reasonableness of Raw material, WIP and Finished Goods inventory unit cost, determining the Standard cost of raw material, minutes and cost conversion budgeted to update standard cost of the following periods, and distribute all actual cost to all materials produced based on machines' activity of the month.
34. Construction Work in Process (CWIP) - CWIP is to be reviewed in collaboration with the Project Manager or Engineer quarterly to determine if the project should remain in CWIP or if the asset is ready for its intended use (large projects should be assessed more frequently). Percentage of completion should also be monitored.
35. Maintain effective communication and relationships with local and regional leadership teams.
36. Build organizational capability for innovation through training and other avenues.
37. Identify solutions to market-back challenges by leveraging Open Innovation, emerging technologies, partnerships, networks, suppliers, ideation, etc.
38. Continuously promote and develop talent for the finance organization, including development of professionals within the business and succession planning.
39. Coordinate audit activities with internal and external auditors.

Education:

Required: Bachelor's degree in Accounting or similar. Advanced in English.
Desired: MBA or post-graduate degree. CPA certified.

Experience:

Required: Minimum 3 to 5 years of progressively more responsible experience in cost analysis, with a minimum of 2 to 3 years in a lead management role. Minimum 5 years experience with controlling/finance function.
Desired: At least 5 years experience in an external audit company (big four).

Knowledge:

Required: Track record of achieving measurable business objectives. Thorough understanding of local GAAP/IFRS and U.S. GAAP, accounting for complex transactions, and internal controls in compliance with SOX. Strong knowledge, understanding, and practical skills in relevant systems (i.e., ERP system (SAP preferred), MS Office products) as applicable to the country. Experienced in developing talent for the organization as evidenced by advancement and success of team members. Interpersonal skills that establish and maintain excellent relationships and credibility quickly. Creates a team atmosphere while achieving key objectives. Develops team members through coaching and feedback on results. Shares personal knowledge and experience. Moves decisively on performance problems. Demonstrates understanding of how key accounting decisions impact the business units and forecasted operating results/cash flows.