Financial Manager Commodity Analysis

Date: Sep 7, 2022

Location: Bucharest, RO

Company: Tenneco

There has never been a better time to join the Tenneco team. We are a group in the automotive industry that manufactures and develops components for almost every well-known car brand. We make vehicles safer and cleaner. With the acquisition of Federal-Mogul, we have expanded our product range with technologies and some globally known brands for manufacturers, (wholesale) dealers, and workshops. Our products improve fuel economy, reduce emissions and improve vehicle safety.

Our broad product range, global reach, high-quality standards, and competitiveness make us an excellent partner for your career.

Tenneco has over 80,000 employees worldwide and has a wealth of varied roles.

Through our four business groups, Motorparts, Performance Solutions, Clean Air, and Powertrain, Tenneco is driving advancements in global mobility by delivering technology solutions for diversified global markets, including light vehicles, commercial trucks, off-highway, industrial, motorsport, and the aftermarket. We go to market with a portfolio of 30 well-respected and enduring aftermarket brands – 14 of which are 100 years old or more, such as Champion®, Ferodo®, Moog® or Monroe®. Please find out more about us at www.tenneco.com  

The DRiV™ Division of Tenneco is a start-up built from the strengths of Tenneco, Federal-Mogul, and Öhlins Racing. Please find out more about us at www.driv.com

 

For our location in Bucharest, Romania, we are looking for a full-time employee to start as soon as possible as a Financial Manager Commodity Analysis.

 

Responsibilities

Commodity Analysis

  • Interpreting and reviewing financial information to support the Global Braking Customer Pricing Strategy
    • Commodity markets
    • Purchase Price Variance (PPV)
    • Material Cost Recoveries (MCR), Utility and freight cost changes
  • Coordinate with Sales, Purchasing, and the plants to ensure timely preparation of information to support the customer material cost recovery process
  • Interpreting future financial trends (e.g., IHS Markit Forecast data and material cost trends)
  • Reporting to management on market trends
  • Prepare Market cube data for monthly and quarterly reporting.

 

Global Costing

  • Support the standard costing process at the plants by developing an expert understanding of the Tenneco Standard Costing Policy and Process
  • Validate the plant's annual standard costs by ensuring that these are based on the Full Absorption Costing principles
  • Develop a method with each plant using Standard Costing Principles and the Tenneco Standard Costing Policy to accurately allocate all costs (DM, DL, VOH, FOH) to product lines and parts
  • Periodically review the Process routings, runtimes, and BOM calculations at the plants.

Value Stream Simplification (VSS)

  • Together with the Director, Commercial Finance and the cross-functional VSS team, assist in coordinating the Global Value Stream Simplification program by supporting and tracking the execution of VSS activities and aggregate reports.
  • Analyze PowerBI / Azure Reports (VSS, TPS3 OE Sales…)
  • Perform Profitability calculations and plausibility checks
  • Ad-hoc reporting and analysis

 

 

What will make you successful

  • Minimum/Essential: Bachelor's degree in Finance or economic engineering
  • Minimum 3 years experience in Plant Costing
  • Analytical and structured mindset
  • Excellent communication skills in English
  • Action-orientation and perseverance
  • Good planning and time management skills
  • Ability to communicate with senior management (previous exposure to multicultural & complex matrix environments is a plus)
  • Knowledge of Microsoft PowerBI will be an advantage
  • Knowledge of SAP/QAD
  • Advanced knowledge in Microsoft applications
  • Minimum 3-5 year's Work experience would be an advantage

 

 

What we offer

We want to make you feel welcomed, challenged, and inspired. So we’ve carefully put together a blend of benefits to boost your health and well-being and ensure your personal and professional growth and integration in a pleasant day-to-day working environment.

 

 

What you can expect next

Our team is ready to act immediately on those candidates who are the best fit for the role. You’ll first hear from someone in Talent Acquisition to schedule a phone screen, and then the next step will be a personal interview with our Hiring Manager. We pride ourselves on moving through processes quickly, and you can be sure of transparency and prompt communication throughout.

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