Cost/Inventory Analyst

Hubbell

  • Pickering, ON
  • Permanent
  • Full-time
  • 28 days ago
Job OverviewResponsible for accurate accounting and reporting of inventory balances and transactions included on the Balance Sheet and Income Statement. Performs inventory reconciliations and analysis to ensure procedures are being followed and inventory transactions are being appropriately recorded and communicated. Works closely with Finance, Operations and Sales departments on inventory, costing and customs issues. Works with U.S. personnel on costing and invoicing issues. Involves exposure to proprietary information. Requires a high degree of accuracy, efficiency and the ability to research, follow-up and communicate issues with moderate supervisionA Day In The Life
  • Updates, reviews and maintains product costs to ensure costs are accurate.
  • Organizes and manages the annual physical inventory activities in three locations including products we own at subcontractor locations. Ensures compliance with both internal and SOX controls during process.
  • Assists in internal audits and annual controllership reviews and ensures that policies and procedures and complied with. Prepares quarterly cycle count package including ovedue counts, empty bins and sealed cartons for internal audit.
  • Reviews standard cost against last price paid for use by the business development department on a quarterly basis.
  • Process annual standard cost roll and resulting analysis. Ensure that last price paid, freight and customs duties overhead cost are updated. Reviews and clears errors with planners, product managers and database administrator. Work closely with Operations to update routing and bill of materials before the final run of cost roll.
  • Performs quarter end cutoff activities, including receiving and shipping cutoff.
  • Prepares necessary intercompany reconciliation, balance sheet reconciliations, tasks and journal entries in Blackline.
  • Assists Finance Manager in updating monthly plant performance indicators to Industrial Segment, and annual package to Corporate.
  • Manages an inventory cycle count program and maintain level of accuracy and coordinates cycle count audit every three years to maintain cycle count certification. Monitors regular and miscellaneous audits - including overdue counts on a weekly basis.
  • Prepares monthly forecasts/annual plan of manufacturing expenses and production/earned hours with Operations. Explain variances of actuals against forecast.
  • Quarterly warranty and excess and obsolete analysis and related adjustments to liabilities as required.
  • Prepares inventory summary reports, labour and burden reports, conversion rates on a monthly basis.
  • Analysis of inventory adjustments and blocked inventory on a monthly basis.
  • Works closely with operations, planners, product managers, in resolving issues.
  • Ensure that weekly broker's invoices are coded correctly and submitted to AP for processing.
  • Summarize daily Canada Border Services Agency (CBSA) notification reports.
  • Works with Customs brokers to ensure statement of account reconciliation with CBSA is completed and the required remittance is prepared to CBSA on time.
  • Projects and other duties as assigned.
What will help you thrive in this role?Communication Skills: Strong written and verbal communications skills.Computer Skills: Knowledge of SAP or other ERP inventory and costing. Must have strong Microsoft Office, e-mail and other PC application skills.Problem Solving: Identifies and resolves problems in a timely manner; Gathers and analyzes information skillfully; Able to work under pressure and deliver and able to juggle with conflicting priorities; Works well in group problem solving situations;. Works well with minimum supervision.Project Management: Develops project plans; Coordinates projects; Communicates changes and progress; Completes projects on time and budget; Manages project team activities.
  • Customer Focus
  • Hardwork
  • Attention to Details
  • Business Knowledge
  • Functional Excellence
  • Integrity & Ethics
  • Results Drive/Initiative
  • Communications
  • Professional Maturity
  • Establishes Priorities
  • Team Leadership
  • Location & Eligibility: Must live in Canada, be authorized to work here, and follow a hybrid schedule from our Pickering, Ontario office.
Hubbell IncorporatedHubbell creates critical infrastructure solutions that power our customers, communities, people and the planet. Our company is strategically aligned around enabling grid modernization and electrification. As more products plug in to an aging grid, Hubbell solutions enable the transition to a more reliable, resilient and efficient energy infrastructure. Founded in 1888 our innovation has made us a leading global manufacturer of high quality electrical and utility solutions enabling customers to operate critical infrastructure reliably and efficiently.The company operates in two segments. Hubbell Utility Solutions (HUS) enable the grid to conduct, communicate and control energy across utility applications and Hubbell Electrical Solutions (HES) are essential to managing power across a wide range of industries and applications. Our vertical market solutions can be applied to markets including Data Centers, Renewables, Commercial Buildings, Industrial, Telecom and Transportation. Supporting both of our business segments is our corporate and Hubbell Unified Business Solutions teams that provide consistent process, tools technologies across our businesses.We are committed to operating sustainably and ethically while promoting an inclusive and supportive culture for our people to grow and develop in their careers. Our employees proudly work and serve our communities from our headquarters in Shelton, CT, across the United States and around the globe.Hubbell Electrical SolutionsHubbell Electrical Solutions (HES) are essential to managing power across a wide range of industries and applications. HES provides the critical components that allow operators of buildings, factories and other industrial infrastructure to connect, protect, wire and manage power.Hubbell Incorporated, its subsidiaries and affiliates, is an EO Employer AA: M/F/Veteran/Disability. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, protected veteran status, sexual orientation, gender identity or any other protected class.The above summary of position responsibilities and requirements is not intended, and should not be construed, to be an exhaustive list of duties, skills, efforts, physical requirements, or working conditions associated with the position. It is intended to be an accurate reflection of those principal position elements essential for making decisions related to position performance, employee development, and compensation.

Hubbell