Accounting - Financial Reporting Manager

Socket.dev; Independence (KS); On-site; USD 90,000 - 130,000; Full time

Job summary

Standard Motor Products is seeking a Finance Manager for our Independence, KS location who leads with a Lean mindset and drives daily accountability for financial performance.

You will partner with the Plant Manager to drive budgeting, forecasting, cost control, and profitability while ensuring GAAP compliance and timely reporting across the plant operations.

Qualifications

• Bachelor’s degree in accounting required; 5-7+ years in manufacturing cost environment.
• MBA or MSF preferred; strong leadership required.
• Proficiency with Microsoft Office, especially Excel; ERP experience with Oracle or SAP.

Responsibilities

• Manage accounting system and ensure timely, accurate cost reporting and variance analysis.
• Lead budgeting and forecasting processes for Independence costs in line with corporate guidelines.
• Update standard costs annually per corporate guidelines and ensure GAAP inventory valuations.
• Evaluate investment projects to ensure accuracy and ROI meets guidelines.
• Support continuous improvement initiatives and partner with leadership to drive profitability.

Skills

Leadership

Cost accounting

Financial forecasting

Education

Bachelor's degree in accounting

MBA

MSF

Tools

Oracle ERP

SAP

Job description

Established in 1919 and traded on the NYSE, Standard Motor Products, Inc. (SMP) is a leading independent manufacturer and distributor of premium automotive replacement parts utilized in the maintenance, repair, and service of vehicles in the automotive aftermarket. Additionally, SMP provides customized solutions for vehicle control and thermal management products in diversified end markets represented by its Engineered Solutions segment.

Globally, SMP employs over 6,000 employees across nearly 40 manufacturing, distribution, and engineering facilities and offices located in North America, Europe and Asia. SMP sells its products primarily to automotive aftermarket retailers, program distribution groups, warehouse distributors, original equipment manufacturers, and original equipment service part operations in the United States, Canada, Europe, Asia, Mexico, and other Latin American countries.

Finance Manager

Standard Motor Products is seeking a Finance Manager for our Independence, KS location who thrives in a continuous improvement environment. In this role, you will not just manage the books – you will lead with a Lean mindset. The ideal candidate has experience operating within a Leader Standard Work (LSW) framework to drive daily accountability, eliminate waste, and align plant financial performance with operational goals.

This position manages all financial matters and is the primary owner for financial budgeting and on-going financial forecasts. Partners closely with the Plant Manager to drive strategic plant decisions, identify issues and help drive plant performance and profitability. Works to increase financial visibility, leads local cost-reduction initiatives, and ensures timely execution of reporting.

Essential Duties and Responsibilities:

• Responsible for managing the accounting system and ensuring timely and accurate collection and reporting of cost related financial information, timely and accurate manufacturing cost variance analysis, interface with plant management and plant staff on cost control measures, and implementation of cost reductions.
• Lead and assist in the budget planning and forecasting process as it relates to Independence costs in accordance with corporate guidelines.
• Lead the facility’s annual update of standard costs in accordance with corporate guidelines.
• Ensures that inventory balances are properly stated in accordance with US GAAP and the Corporation’s guidelines.
• Review bills of materials for accuracy and that the BOM represents the actual product produced.
• Evaluate the Investment projects submitted by the Independence leadership team to ensure their accuracy and return meets the corporate guidelines.
• Supports SMP-I's Quality, Environmental and Financial Management Systems. Responds to findings or requests timely and appropriately. Supports SMP-I's continuous improvement initiatives.
• Partners with the other members of the leadership team to exemplify and create a culture of ownership and responsibility for outcomes.

Supervisory Responsibilities:

Will lead, coach, and develop one exempt employee (Cost Accountant), to including setting clear performance expectations and strategic goals, coaching and developing, prioritizing daily workloads, providing continuous performance feedback, and addressing performance gaps and missed commitments with a solutions-oriented, constructive approach.

Qualifications:

• A bachelor’s degree in accounting is required, plus 5-7+ years of experience in a manufacturing cost environment. A master’s in business administration (MBA) or a masters of science in finance (MSF) is strongly preferred.
• Demonstrated success as a collaborative leader who drives results by empowering their team
• Proficiency with Microsoft Office, including advanced Excel for analysis, tracking, and reporting.
  • A working knowledge of ERP systems such as Oracle (highly preferred) or SAP, etc.

Standard Motor Products is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.