Financial Analyst (Product Cost)

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The position will remain open until filled

Role: Permanent

Reporting to: Product Cost Manager

Financial Analyst (Product Cost)

Taking ownership of analysis, control, and budget cost of direct materials and finished goods, e.g., variance in purchasing price, allocation of conversion cost to finished goods. Participating in period-end activities, forecasting factory budgets, and various financial studies and calculations. Report to the product cost manager and support financial and management reporting and other relevant financial activities.
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As the Financial Analyst (Product Cost), you will: 

• Product Cost Calculations, Variance Analysis, and Data Management 

  • Calculating the standard cost for finished products for the annual plan and the cost roll-out standard cost in SAP. Performing variance analysis in product cost with different cost categories and configurations during monthly closing/Outlook/AP.

  • Making monthly analysis of the factory's consumption of direct materials in alignment with the production team regarding variances between forecasted and actual, and making related corrections in the rolling forecast.

  • Preparation of monthly report for purchase price analysis and production variances (e.g., specification changes, yield variances) for factory level and corporate level (HQ). 

  • Maintaining master data in SAP - costing views for materials, standard cost upload for materials, semi- and finished goods. New product cost estimate calculation and submission.

• Compliance

  • Conducting product cost JSOX controls submission.

  • Performing internal stock count for Leaf, NTM, SKU, and Spare parts.

  • Preparing materials, destruction data, and process engagement.

  • Excise Tax report, including calculation and MOEA report.

  • Preparing COGS and write-off reports for external (PwC/DTT) auditors.

• Loss Elimination on OEE and material waste

  • Evaluating strategies for eliminating losses from a financial standpoint.

  • Assessing how loss elimination affects overall financial performance.

  • Providing financial insights and support in analyzing site losses. 

  • Better to have an IWS experience.

• Other

  • Manage various tasks and projects as they arise and upon the manager's request.

Requirements: 

• A university degree in finance, accounting, or industrial engineering is preferred.
• Other professionals with financial qualifications encouraged 
• At least 3 years of experience in Product Cost Analysis or Cost Accounting
• Experience in an Accounting Firm or the Manufacturing Industry
• Advanced Excel skills
• Experience using ERP systems (SAP is preferred)

Are you ready to join us? Build your success story at JTI. Apply now!

Next Steps:

After applying, if selected, please anticipate the following within 1-3 weeks of the job posting closure: Phone screening with Talent Advisor > Assessment tests > Interviews > Offer. Each step is eliminatory and may vary by role type.

At JTI, we strive to create a diverse and inclusive work environment. As an equal-opportunity employer, we welcome applicants from all backgrounds. If you need any specific support, alternative formats, or have other access requirements, please let us know.