Sr Finance Manager Product Costing

As a  Sr Finance Manager Product Costing with deep expertise in SAP S/4HANA Product Costing, Material Ledger, and Margin Analysis, to drive real-time profitability insights, global standardization, and multimillion-dollar cost optimization initiatives. 

You will report directly to our leadership team, and you’ll work out of our Houston location on a hybrid work schedule. 

In this role, you will impact the financial performance of the company by leveraging SAP S4HANA capabilities to deliver insightful financial analysis, develop cost control measures, and optimize revenue streams while ensuring compliance with financial policies and regulations. 

KEY RESPONSIBILITIES 

1. Lead end-to-end S/4HANA Finance transformation for a global manufacturing company, enabling real-time margin visibility across multiple business units and revenue portfolios 

• Direct cross-functional teams (Finance, Supply Chain, Commercial, IT) to design and deploy Product Costing + Margin Analysis architecture, reducing reporting latency and improving profitability visibility. 
• Own/manage global template design for costing and profitability, standardizing processes globally. 

2. Product Costing (CO-PC + Material Ledger) 

• Implement Material Ledger with Actual Costing, delivering multi-level variance transparency and improving cost accuracy  
• Design and optimize standard costing models (CK11N, CK40N) incorporating BOM, routing, and overhead structures 
• Lead cost component structure redesign, improving visibility into direct vs indirect cost drivers for executive decision-making 
• Enable reduced production cost variances through enhanced variance analysis and root cause analytics 

3. Revenue & Margin Analysis (S/4HANA CO-PA) 

• Lead migration from costing-based CO-PA to account-based Margin Analysis, enabling real-time profitability reporting in ACDOCA 
• Designed profitability frameworks across product, customer, and channel dimensions, improving margin insights for pricing strategies 
• Partner with leadership to identify margin leakage drivers, resulting in gross margin improvement 
• Architect CO-PA derivation logic and value flows aligning revenue with cost-of-goods sold in real time 

4. Integration Excellence (End-to-End Value Chain) 

• Orchestrate seamless integration between PP, MM, SD, and FI, ensuring accurate cost and revenue flow across the value chain 
• Align pricing procedures (SD) with cost structures, enabling better contribution margin analysis 
• Implemented event-based WIP and variance postings in S/4, improving financial close accuracy and reducing reconciliation issues 

5. Analytics & Decision Support 

• Build executive dashboards using SAP Fiori and EDW enabling leadership to track gross margin, cost variances, and profitability drivers in real time 
• Enabled self-service analytics for finance and operations teams, reducing manual reporting effort  

 6. Business Impact & Strategic Initiatives 

• Lead cost optimization reporting initiatives that optimize manufacturing costs through better costing insights 
• Define transfer pricing and intercompany margin models, ensuring compliance while improving internal profitability transparency 

7. Governance & Controls 

• Establish governance framework for standard costing, margin analysis, and periodic costing runs, ensuring audit compliance 
• Improve FI-CO reconciliation accuracy through universal journal alignment (ACDOCA) 

 8. Transformation & Change Management 

• Deliver ECC → S/4 migration program, including Material Ledger activation and CO-PA transformation 
• Champion fit-to-standard approach, reduce customization footprint by and accelerating implementation timelines 
• Lead business adoption initiatives, to achieve user adoption of new margin and costing analytics tools 

YOU MUST HAVE 

• Minimum of 6-8 years of experience in commercial finance, plant financials or related roles 
• Strong expertise in SAP S4HANA financial modules, particularly in product costing and revenue margin 
• Proven leadership and team management skills 
• Excellent analytical and problem-solving abilities 
• Proficiency in financial analysis, SAP FICO, CO-PA, CO-PC and S4HANA 
• Ability to communicate complex financial information clearly and effectively 

WE VALUE 

• Bachelor’s degree in Finance, Accounting, MBA or a related field 
• Dynamic and self-motivated individuals 
• Strong teamwork and collaboration skills 
• Innovative and eager to learn mindset 
• Passion for continuous improvement and business growth +

In addition to a competitive salary, leading-edge work, and developing solutions side-by-side with dedicated experts in their fields, Honeywell employees are eligible for a comprehensive benefits package. This package includes employer subsidized Medical, Dental, Vision, and Life Insurance; Short-Term and Long-Term Disability; 401(k) match, Flexible Spending Accounts, Health Savings Accounts, EAP, and Educational Assistance; Parental Leave, Paid Time Off (for vacation, personal business, sick time, and parental leave), and 12 Paid Holidays. For more information visit: Benefits at Honeywell 

The application period for the job is estimated to be 40 days from the job posting date; however, this may be shortened or extended depending on business needs and the availability of qualified candidates.