Finance Manager (Operations)
Ideal IndustriesAnderson Power Products® is an industry leader in the design and manufacture of electrical power connectors and power distribution solutions. Anderson Power partners with leading-edge companies to create innovative connector designs that leverage advanced contact technology and high-power expertise to provide superior value across the power electronics industry. Applications span material handling equipment, battery systems, charging infrastructure, warehouse automation, electric vehicles, ground support equipment, renewable energy, and industrial electrification markets. PRIMARY RESPONSIBILITIES Global Product Costing Own and continuously improve global product costing processes, methodologies, governance, and reporting standards. Lead global standard cost development, annual cost updates, periodic cost rolls, and related validation activities. Analyze product costs and cost drivers, including material, labor, overhead, freight, duties, and other manufacturing inputs. Partner with regional Finance, Operations, Supply Chain, and Engineering teams to improve bill of material, routing, labor, and overhead assumptions. Monitor and explain purchase price, material usage, labor, manufacturing, and overhead absorption variances across global operations. Develop consistent global reporting and analytics to improve cost visibility, comparability, and decision support. Support pricing, sourcing, footprint, make-versus-buy, and profitability decisions with robust cost analysis. U.S. Operations Finance Support Serve as a primary finance business partner to U.S. manufacturing and operations leadership. Provide analysis and insight across variable costs, including direct material, direct labor, scrap, usage, productivity, freight, and other production-related costs. Provide analysis and control support for period costs, including indirect labor, supplies, maintenance, utilities, outside services, and other plant operating expenses. Analyze performance against budget, forecast, prior year, and operational targets; clearly explain financial and operational drivers. Support annual budgeting, forecasting, and strategic planning for U.S. operations. Develop and maintain plant KPIs and dashboards covering cost, productivity, labor efficiency, scrap, inventory, and operating spend. Partner with Operations to identify, validate, track, and report cost reduction and continuous improvement initiatives. Global Transfer Pricing Own and coordinate the global transfer pricing process for intercompany product transactions, including the development, maintenance, and periodic review of transfer pricing rates. Partner with regional Finance and business leaders to ensure transfer pricing rates reflect approved methodologies, current cost structures, and commercial considerations. Maintain supporting calculations, assumptions, documentation, and approval records for global transfer pricing rates and updates. Monitor actual intercompany margins and results against established transfer pricing targets; identify and explain variances and recommend corrective actions. Coordinate transfer pricing rate implementation across ERP systems and legal entities, including validation of effective dates and system accuracy. Support tax, audit, and compliance requirements by partnering with Corporate Tax, external advisors, and regional Finance teams on transfer pricing documentation and inquiries. Assess the financial impact of changes in costs, foreign exchange, duties, freight, sourcing, and operating models on intercompany pricing. Month-End Close Support Own selected US Plant month-end close activities, including assigned journal entries, accruals, account reconciliations, supporting schedules, and variance analysis. Ensure assigned manufacturing, inventory and cost related accounts are accurate, complete, and supported. Provide timely analysis and explanations to the team responsible for the overall US close. Coordinate with Accounting and Operations to resolve is…