Analyst in Material Cost

Role & responsibilities

• Responsible for analyzing and reporting actual raw material purchases
• Analyze raw material purchases on an ongoing basis to identify and address any favorable or unfavorable cost variations, ensuring accuracy and financial control
• Responsible for preparation and analysis of monthly inflation/deflation and Purchase Price Variance (variance vs. standard) for raw material costs, along with financial reporting, budgeting, quarterly forecasting, and ad-hoc estimations
• Responsible for reporting and highlighting the key drivers of supply chain finance spend, including raw material costs, duties, duty drawbacks, intercompany transactions, and freight, across actuals, estimates, and budget.
• Collaborate with Operations and Business Unit Finance teams to provide guidance on raw material costs, while developing and implementing process improvements to enhance efficiency and cost visibility
• Responsible for delivering efficient and accurate financial reporting and analysis to internal clients (Operations/Supply Chain Management, Business Units and Sectors) and ensuring compliance with U.S. GAAP accounting standards and Momentive's internal financial policies
• Design and improve process/reporting of Raw Material cost and work with appropriate business partners to deliver on assigned projects
• Support projects related to Hybrid Costing and Spend Automation, contributing to the development and implementation of these initiatives.
• Review and approve specific business transactions as determined by Momentive's delegation of authority policy, in coordination with Operations Finance Management, Procurement & Supply Chain Management, and Sector and Business Unit Management teams

Preferred candidate profile

• CMA/ MBA finance preferred, accounting, business, or related field
• Min. 3-5 years of progressive Finance experience as a Finance Analyst, Cost Analyst, Operations Analyst, or related role
• Strong Material Cost Planning & Analysis, Financial analysis, Budgeting,  
• Excellent communication skills
• Demonstrated ability to work with cross-functional teams in a global environment across different time zones
• Strong working experience using SAP/Business Warehouse
• Advanced MS Excel (Filters, Pivots, Dynamic Charts, Formulas, VLOOKUP, and MS PowerPoint experience
• Working knowledge of PowerBI/Tableau Preferred but not required
• Working knowledge of accounting processes, procedures and internal controls including Sarbanes-Oxley Act; U.S. accounting rules and regulations including historical cost, revenue recognition, matching and full disclosure principles