Position Summary :Standard Costs (Budget, Estimates, 4yr plan): Preparation, Reporting and Analysis of costing rates for the Standard Costs for Budget and Plan.Once reviewed, uploading of applicable standard costs for each group affiliate by sub-brand to PRISMA (Hyperion Financial Management group reporting system).
The Costing & Digital Finance Analyst - Pernod Ricard Winemakers USA is responsible for all aspects of regional standard cost preparation and analysis, vintage costing, manufacturing variance (MV) analysis and dry and finished goods valuations, Transfer Price preparation and New Product Development cost preparation for all PRW USA wine brands (Kenwood Vineyards, Mumm Napa, Deadbolt & Buried Hope)
Deliver a competitive COGS evolution and support management in understanding COGS build, MV drivers and delivery / measurement of cost improvement initiatives. Investigate processes and devise solutions to implement best practice ways of working for costing processes and with an ambition to achieve harmonization of costing processes within PR Winemakers and deliver digital finance transformation initiatives.
The position contributes to the Pernod Ricard Winemakers vision and mission and strives for continuous improvement in all that we do. It aims to achieve best practice, find new and better ways, leave our place better than we found it and contributes to creating a place where you want to work.
Standard Cost Calculation
- Prepare COGS calculations and analysis for Actual, Budget & Forecast scenarios
Manufacturing Variance & COGS Reporting
Preparation of the manufacturing variance result for actual and forecast resultsPreparing monthly, quarterly and annual analysis and commentary on actual and forecast/budget manufacturing variance (MV) for bottle wine variance, dry materials including Purchase Price Variance (PPV), dry materials usage variance etc.Reporting of production loss and wastage across all aspects of Operations (dry goods, glass, wine, etc.)Deliver insight to management on operational performance variances and generate and implement corrective actionsReporting of cost KPI's as requiredCompleting and/or reviewing appropriate monthly balance sheet reconciliations.Maintain integrity of costing system through exception reporting and system developmentEnsure ad hoc cost enquires are produced in a timely manner (target within 48-hour response time)
Costing Integrity & Cost Rolls
Cost rolls for new components and new Stock Keeping Units (SKUs) in E1Ensure product costs are accurately maintained in the system, primarily as a reflection of the product development system
Ensure dry goods / requisite costs are accurately maintained in the system, primarily as a reflection of the product development systemManage existing and develop new cost integrity reports, exception reporting and check processesIntegrity of costing systems and associated reporting to be monitored daily
Annual Cost Load
The preparation and loading of costing rates for the annual cost load in E1
Vintage Cost Reporting
Prepare, Analyze and Report on actual & forecast vintage costProvide recipe costing for new products or changes to existing productsLoad vintage costing results to WIPS for inventory valuation purposes
New product profitability support & Value engineering
Managing relationships with internal stakeholders for NPD deliveryWorking closely with related stakeholders to model value engineering initiative for all relevant productsTrack progress of value engineering initiatives with related stakeholders for reporting to the regional reporting teamProvide insights and benchmark costs to facilitate the generation of value engineering initiatives
Tender modelling and analysis
Manage the production of costing analysis and valuations of all dry goods and other tenders as requiredWork closely with Procurement to schedule work, model and provide presentations of results for financial recommendations for tender negotiations
Work Order Management:
Responsible for closing the open work orders at the end of the month on E1 and checking integrity of processes.
Preparation of Transfer Prices in line with the group transfer pricing policy
Ensure inventory is valued and accounted for accurately and consistently in accordance with Group Accounting Guidelines and IFRS accounting practice for dry and finished goods.Monthly preparation of balance sheet reconciliations, ensuring accuracy and transparency of all variances and integrity of general ledger controlsEnsure adherence to all costing audit and risk process requirements
Keeping and updating documentation explaining processes and procedures under your responsibility.
Costing Systems Processes
In relation to costing reporting, analysis and integrity, this role will investigate and utilize existing and new technology to improve delivery and process efficiencies. This will require systems development, liaising with relevant IT personnel and management as required.
Finance Digital transformation
Working closely with the BI Insights Project lead:
Help further accelerate roll out of Business Insights and become Best Practice in insight generation using BI tools (e.g. PowerBI)
Delivery of pilot models to PRW US as applicable
Investigate and develop digital solutions for digital transformation using tools such as but not limited to Hubble, Office 365 (PowerBI, PowerPivot, PowerApps, Flow, Teams, Forms etc), RPA (Robotic processing automation) etc
Development of rich visualizations that deliver insights into business performance
Implementation of changes and evolution of existing digital solutions
Become a SME for digital finance transformation at PRW US and help guide other team members on the application and opportunities of new technology implementation
Skills / Qualifications / Experience :
Undergraduate degree (BSBA, BBA, BS) in Accounting, Finance, Business Economics or related technical discipline3 or more years of progressively responsible experience in financial and managerial accounting (cost accounting a plus)Experience within a manufacturing environmentStrong process-orientation and aptitude to leverage information systems to build expedient, repeatable, and reliable processesDemonstrated experience in relationship building, communicating, influencing and negotiating with senior level stakeholders.Proficiency in Microsoft Windows and Microsoft Office, Excel, and PowerPointStrong organizational, problem-solving and analytical skills; able to self-manage priorities, workflow and meet tight deadlines
Professional Accounting body qualifications / membership or working towardsUnderstanding of Pernod Ricard GroupBusiness experience in wine industry and/or FMCGERP experience (JD Edwards); HubbleProficiency in PowerBI
Special Conditions :
Incumbent will be expected to be flexible in work location, recognizing regional nature of the role Incumbent will be expected to work flexible hours including outside normal working hours on occasions to accommodate difference in time zones Incumbent may be expected to travel intrastate/interstate for short periods. Prepared to undertake any additional training to complement the requirements of the position, including self-directed training and on-the-job
MedicalDentalVision401k + match
*This position is required to be in office*
**Visa & relocation assistance will not be provided**
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