Cost Accounting Analyst

We are global, we are impacting the lives of millions every day, we are making a difference!  

At Amcor we are inspired to change the packaging industry and are taking on the aspirational challenge to make all our products recyclable or reusable by 2025. Through our products and global footprint, we are in a unique position to truly make a difference in the packaging space. Our products impact the lives of millions of people across the globe every day from food, beverage, pharmaceutical, medical, home- and personal-care, and other essential products. Amcor is a thriving S&P 500 organisation listed both on the NYSE (AMCR) and ASX (AMC) with US$13 billion in sales. We have a proud history dating back to the 1860’s and come a long way from a single paper mill based in Melbourne to becoming the global leading packaging company. Today, Amcor is an international organisation empowering its 50,000 employees in over 40 countries and across 250 sites.   

Will you be next to join our journey towards a more sustainable future? At Amcor we are always looking for talented and passionate individuals who are motivated to make a difference. Working at Amcor means you will have a unique opportunity to be a part of an organisation that is committed to providing sustainable packaging solutions. To find out more about our commitment to sustainability and about Amcor, visit www.amcor.com.  

Job Description

Position Overview

This role is part of the Amcor Rigid Packaging North America (NA) Accounting Shared Services team and reports to the Sr. Manager, Inventory and Cost Accounting. As a Cost Accounting Analyst, you will play a crucial role in assessing and optimizing the financial aspects of our manufacturing operations. Your primary responsibility will be to analyze raw material costs, monitor inventory, and ensure accurate financial reporting. You will collaborate with cross-functional teams to provide valuable insights that drive cost efficiency and profitability. The role requires the successful candidate to have strong accounting, systems, and analytical skills along with high attention to detail and the ability to work effectively with a variety of stake holders. 

Responsibilities

Raw Material Cost Analysis:

• Analyze cost impacts of price changes for specialty resins, additives, etc. Collaborate with Commercial and Procurement teams to support customer pricing of these materials.
• Collect and analyze data related to raw material purchases, inventory, and customer usage.
• Validate, track, and forecast the costs associated with procuring and using raw materials (including factoring in inventory levels / amounts on hand)
• Monitor fluctuations in raw material prices and assess their impact on overall costs.
• Analyze changes in product design, raw materials, and manufacturing methods.
• Evaluate effects on overall costs and profitability.

Standard Cost Setting:

• Establish standard costs for raw material inputs.
• Develop, monitor and analyze cost standards based on industry benchmarks and internal processes.

Cost-Volume-Profit (CVP) Analysis:

• Conduct CVP analysis to understand the relationship between costs, volume, and profit.
• Provide insights into cost structures for different business scenarios.

Account / Supplier Reconciliations:

• Ensure accurate reconciliation of cost-related accounts.
• Investigate discrepancies and recommend corrective actions.
• Support and verify the 3-way match and payment processes.
• Support supply chain financing processes, accounting and reporting

Financial Reporting:

• Prepare audit reports related to cost accounting.
• Present findings to management, highlighting cost trends and areas for improvement.

Balance Sheet Management / Internal Controls:

• Manage the related balance sheet account, ensuring accurate recording of cost-related transactions. Process includes intercompany accounting and managing resin in transit.
• Support accounting for related entities (banking, interest, intercompany, etc.)
• Complete all related internal control testing and documentation
• Collaborate with plant accountants/controllers to maintain financial integrity.

Policy Recommendations:

• Propose changes to company processes and policies to enhance cost efficiency.
• Collaborate with the North American business units to implement cost-saving measures.

Qualifications

• Bachelor’s degree in Accounting or Finance required. CPA or CMA designation a plus.
• 3- 5 years of experience, including some experience within inventory / cost accounting in a large, complex, multi-location manufacturer (preference given to candidates with US Public Company experience)
• Strong systems aptitude with preference given to candidates with proficiency with SAP ERP. SAP BPC and SAP Business Objects experience
• Strong Microsoft office skills (especially MS Excel) required
• Strong analytical skills and attention to detail
• Strong general accounting skills, including a thorough understanding of US GAAP inventory rules and requirements
• Understands financial statement relationships between balance sheet, income and cash flow statements; demonstrated experience developing / modeling financial statements
• Unrelenting integrity and ethics
• Professional with strong overall business acumen
• Excellent communication and collaboration abilities; effective team player who interacts well with others
• Ability to multi-task, meet strict deadlines and work under pressure
• Occasional travel (less than 5%)

Competencies:

Amcor Leadership Framework Competencies

3-5 Applicable ALF Competencies:

• Drive for Results
• Customer Focus
• Learning on the fly
• Cultivates Innovation

Relationships:

• Reports to Sr. Manager, Inventory and Costing Accounting
• Partners with the following internal customers/ other colleagues
  • Business Unit FP&A teams
  • Plant Controllers and Accountants
  • Shared Service Accounting Managers and Teams
  • Sr. Manager, Internal Controls and Compliance
  • Procurement Category Leads and Teams
  • Supply Chain Team
  • IT Business Analysts 

The information contained herein is not intended to be an all-inclusive list of the duties, responsibilities, skills and/or abilities.

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Our Expectations

We expect our people to be guided by The Amcor Way and demonstrate our Values every day to enable the business to win. We are winning when:

• Our people are engaged and developing as part of a high-performing Amcor team
• Our customers grow and prosper from Amcor’s quality, service, and innovation
• Our investors benefit from Amcor’s consistent growth and superior returns
• The environment is better off because of Amcor’s leadership and products

Equal Opportunity Employer/Minorities/Females/Disabled/Veterans/Sexual Orientation/Gender Identity

Amcor is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by law.

If you would like more information about your EEO rights as an applicant under the law, please click on the links "EEO is the and "EEO is the Law" Poster Supplement. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please call 224-313-7000 and let us know the nature of your request and your contact information.

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CompensationThe starting salary for this position is expected to be between $82,500 to $103,100; however, base pay offered may vary within the full salary range $82,500 to $123,700 depending on job-related knowledge, skills, and experience. Base pay information is based on national averages and a geographic differential may be applied based on work location. Position may also be eligible for Amcor’s Management Incentive Plan / Sales Incentive Plan, which is an annual bonus program based on business and individual performance, as well as medical coverage and other health and welfare benefits.Benefits

When you join Amcor, you will have access to a comprehensive benefits and compensation package that includes:

•Medical, dental and vision plans

•Flexible time off, starting at 80 hours paid time per year for full-time salaried employees

•Company-paid holidays starting at 9 days per year and may be slightly higher by location

•Wellbeing program & Employee Assistance Program

•Health Savings Account/Flexible Spending Account

•Life insurance, AD&D, short-term & long-term disability, and voluntary accident disability benefits are available

•Paid Parental Leave

•Retirement Savings Plan with company match

•Tuition Reimbursement (dependent upon approval)

•Discretionary annual bonus program (initial eligibility dependent upon hire date)