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Sr Accountant- Costing

Company: Nestle
Location: Arlington
Posted on: January 20, 2023

Job Description:

Foods people love. Brands people trust. And a career that nourishes your future like no other.If you're driven by the passion to do something meaningful that changes lives, Nestle is the place for you. Nestle USA is one of seven operating companies that make up Nestle's presence in the United States. We're in 97% of American homes, and as the leading food and beverage company, our goals are to continue to deliver quality food and beverage products, strengthen our local communities, and reduce our environmental and climate impact.We're determined to challenge the status quo and be better tomorrow than we are today. As individuals and teams, we embrace our entrepreneurial culture and have created a workplace where collaboration is essential, courage is rewarded, speed is expected, and agility is the norm to delight our consumers every single day. Here, you will find limitless opportunities to learn and advance your career and feel empowered to succeed in the workplace and beyond. Because our focus is not only on nourishing our customers, but also about enriching you.This position is not eligible for Visa Sponsorship.Nestle's Finance function delivers value above and beyond just financial reporting and analysis. Our role as strategic business partners is to drive decision-making, translate insights into meaningful actions, and enable great ideas to come to life. As part of a global organization with a long-standing legacy, there is no shortage of opportunities to directly impact our consumers. We're committed to seeing a vision and helping the business achieve its potential by providing knowledge, expertise, and stewardship that transcends the traditional scope of finance roles. A healthy appetite for growth and learning is essential to our success; our tight-knit community embraces a mindset of continuous improvement to deepen our understanding of the business and drive real performance. As a member of our team, you will support some of the world's most well-known brands and embark on a career journey that enriches and accelerates your development.Position Summary
The Senior Analyst Cost Accounting gathers and interprets financial information effectively and forms data into meaningful and concise analyses while considering a broad range of interdependent issues. Your primary goal will be to assist in ensuring the accuracy and first-time quality for Period End Close and quarterly Dynamic Forecasts. You will be responsible forCosting Standard activities within Nestle in the Market including timely, accurate and relevant standardized management reporting and analysis as well as the monthly close activities in compliance with the Period End Close (PEC) process. You will identify areas for change and make recommendations while managing multiple demands and competing priorities. This position is highly service oriented and involves interaction with Division Finance, Supply Chain, Technical and Production and Purchasing to develop, analyze, and update standard costs for all finished goods materials. This position will utilize three key Nestle tools to perform his/her duties: 1) Material Ledger (ML) 2) ML COGS 3) Transfer Price Tool 4) Dynamic Forecast Tool. This associate will play a key role in maintaining the integrity of the Corporate Costing and reporting processes for material costs related to Transfer Prices, Standard Costs, Actual Costs, and Dynamic Forecasts.
Primary Responsibilities

  • Perform PEC activities across Nestle businesses and ensure alignment of all controlling teams on management accounting procedures and timelines to include:
    • Preliminary Month End Close Model Preparation
    • Successful execution of allocation models (eg: Material Ledger, Cost of Goods Sold, ML COGS, Transfer Price Cockpit), including error resolution, and productions of posting and reporting files
    • Generation of standardized reporting of PEC Actual results for analysis, account reconciliation, including Balance sheet and P&L accounts vs EIS reporting and the Special Ledger.
    • Develop EIS queries that will assist Division Finance and CoC Decision Support in their monthly analytics.
    • Ensuring quality of master data in the controlling domain
    • Create cost estimates for new materials including copacked and comanufactured materials
    • Lead the manufacturing costing team through key initiatives with stakeholder management, including:
      • Annual Cost Estimate (ACE) process with decision support and Factory Finance
      • Quarterly transfer pricing cost estimates for exported materials
      • Provide costing expertise and analysis of costing standards to support Factory Finance
        • Maintain and update all master data costing tables in SAP including standard price updates required during the Material Life Cycle (MLC) process for all new Finished Goods. Accuracy and first time quality is critical in this role because, once activated, all material movements for that specific material will occur at the standard cost entered for the material. SAP does not provide the flexibility to change or update the standard costs once movements have occurred
        • Maintain and execute the Transfer Price Tool (TP) for Global Brands Division import and export materials. Main emphasis is on the quarterly TP Price Lists, but also involves close coordination with Global Brands on new materials between quarters
        • Assist in the quarterly Dynamic Forecast (DF) process for the COGS DF calculation.
          • Assist in the completion of Material Standard Costs for the annual Operating Plan. Develop tools to analyze year over year variances that will assist in the accuracy of the data and the OP P&L
          • Coach and develop internal Costing Center of Competence (CCC) analysts
          • All other duties as assignedRequirements
            • Bachelor's degree in Accounting or Finance, or with coursework up to and including intermediate accounting
            • 3+ years of work experience in Costing
            • Ability to travel 10% of time
            • Prior experience in Operations Finance preferred
            • Strong MS Excel and Power BI knowledge preferredSkills
              • Strong SAP/technical knowledge
              • Ability to perform problem solving and effectively present information and analysis in a way that can be understood by others at all levels
              • Excellent oral and written communication with internal and external stakeholdersRequisition ID:217981It is our business imperative to remain a very inclusive workplace.To our veterans and separated service members, you're at the forefront of our minds as we recruit top talent to join Nestle. The skills you've gained while serving our country, such as flexibility, agility, and leadership, are much like the skills that will make you successful in this role. In addition, with our commitment to an inclusive work environment, we recognize the exceptional engagement and innovation displayed by individuals with disabilities. Nestle seeks such skilled and qualified individuals to share our mission where you'll join a cohort of others who have chosen to call Nestle home.The Nestle Companies are an equal employment opportunity and affirmative action employer seeking diversity in qualified applicants for employment. All applicants will receive consideration for employment without regard to race, ethnicity, color, gender, gender identity, age, religion, national origin, ancestry, disability, perceived disability, medical condition, genetic information, veteran status, sexual orientation, or any other protected status, as defined by applicable law. Prior to the next step in the recruiting process, we welcome you to inform us confidentially if you may require any special accommodations in order to participate fully in our recruitment experience. Contact us at or please dial 711 and provide this number to the operator: 1-800-321-6467.This position is not eligible for Visa Sponsorship.

Keywords: Nestle, Arlington , Sr Accountant- Costing, Accounting, Auditing , Arlington, Virginia

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