Finance Manager (Operations)

IDEAL Industries, Inc.; Pratt Junction (MA); On-site; USD 96,000 - 129,000; Full time

Benefits offered by this job

401(k) with Company Match

Cash Balance Pension Plan

Education Reimbursement

Wellness Programs

Vacation

Personal Days

Holidays

Job summary

IDEAL Industries is seeking a Finance Manager (Operations) to lead global product costing, transfer pricing, and monthly close activities. Based in Sterling, MA, you will partner with Manufacturing, Operations, and Engineering to drive cost visibility and profitability.

You will manage standard costing, cost updates, and KPI dashboards, while supporting budgeting and strategic planning for US operations. Prior experience with Dynamics 365 and Power BI is preferred.

Qualifications

• Bachelor's degree in Accounting, Finance, or related field required.
• 7+ years of progressive finance or accounting experience, including manufacturing finance/cost accounting/operations finance.
• Experience with standard costing and transfer pricing.
• ERP experience; Dynamics 365 a plus.

Responsibilities

• Own and improve global product costing processes, governance, and reporting.
• Lead global standard cost development, annual cost updates, and cost rolls.
• Analyze costs: material, labor, overhead, freight, duties.
• Support pricing, sourcing, footprint, and make-vs-buy with cost analysis.
• Serve as finance partner to U.S. manufacturing and operations leadership.
• Provide analysis on variable costs, indirect costs, and production-related expenses.
• Coordinate month-end close activities and ensure accuracy of cost-related accounts.

Skills

Manufacturing finance

Cost accounting

Financial modeling

ERP systems

Excel

Cross-functional partnering

GAAP

Education

Bachelor's degree in Accounting/Finance

Tools

Dynamics 365

Power BI

Job description

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Finance Manager (Operations)

Staff, Office Sterling, MA, US

2 days ago Requisition ID: 1278

$95,845.00 To $129,155.00 Annually

Anderson 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.
• 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 issues affecting assigned close items.
• Support quarterly and annual reporting requirements and related audit requests.
• Contribute to close process improvements while recognizing that overall ownership and leadership of the US Plant and Global close remains outside this role.
• Support accurate inventory valuation and consistent application of inventory costing methodologies.
• Provide financial oversight and analytical support for cycle counts, physical inventories, inventory reserves, and excess and obsolete inventory.
• Maintain effective internal controls over product costing, inventory, manufacturing transactions, and assigned close activities.
• Ensure compliance with company policies, U.S. GAAP, and corporate financial requirements.
• Support internal and external audits and identify opportunities to reduce financial and operational risk.
• Support ERP and reporting system enhancements related to costing, inventory, manufacturing finance, and operational reporting.
• Lead or participate in process improvement and standardization initiatives across Finance and Operations.
• Develop and automate reporting tools to improve efficiency, data quality, and decision making.
• Support ongoing initiatives involving Dynamics 365, Power BI, and related financial reporting tools.

REQUIREMENTS, KNOWLEDGE, SKILLS AND ABILITIES

• Bachelor's degree in Accounting, Finance, or a related field required. CPA, CMA, or MBA is a plus.
• 7+ years of progressive finance or accounting experience, including at least 5 years in manufacturing finance, cost accounting, or operations finance.
• Demonstrated experience with standard costing. transfer pricing, operational variance analysis, and inventory accounting.
• Experience supporting manufacturing operations and partnering with operational leadership strongly preferred.
• ERP experience required; Dynamics 365 experience is a plus.
• Experience working across multiple sites, regions, or countries is preferred.
• Experience developing, maintaining, or supporting intercompany transfer pricing calculations, transfer pricing rates, margin analysis, or related documentation strongly preferred.
• Strong knowledge of product costing, standard costing, inventory accounting, transfer pricing principles, manufacturing operations, and U.S. GAAP.
• Strong financial modeling, analytical, and problem-solving capabilities.
• Advanced Microsoft Excel skills; experience with Power BI or other business intelligence tools preferred.
• Excellent communication and business partnering skills, with the ability to influence across functions and geographies.
• Strong organization, ownership, and project management skills, with the ability to manage multiple priorities and meet deadlines.
• Continuous improvement mindset with a focus on standardization, controls, and scalable processes.

Anderson Power Products employees enjoy a competitive benefits package, including:

• 401(k) with Company Match
• Cash Balance Pension Plan
• Education Reimbursement
• Wellness Programs

In addition, IDEAL Industries values personal well-being, community involvement, and work-life balance through:

• Vacation
• Personal Days
• Holidays

About IDEAL Industries

IDEAL Industries, Inc. is proud to be recognized as one of Newsweek's Global Top 100 Most Loved Workplaces. We are an Equal Opportunity Employer committed to creating an inclusive environment where all employees can thrive. We know that when you honor relationships, success for all will follow.