Variable Cost Analyst

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Job Title : Cost Analyst

Location : Galveston County

Industry : Chemicals

Pay ; Competitive with bonus.

Lead the end to end assets process to make sure fixed assets and fixed cost accounting complies with IFRS, Group accounting guidelines, providing analytical support to the business and leading the reporting for forecast, budget and actuals ensuring accurate and timely results.

• Interface with the manufacturing, site project team and business finance team as needed to deliver accurate and timely reporting in accordance with Group timetable.

• Liaise with Group Finance on Accounting Policy to ensure compliance with Group reporting requirements and global Finance teams for consistency of reporting.

Accountabilities

• Fixed Assets Accounting:
  • Oversee the site fixed assets accounting process, including acquisition / construction, depreciation and disposal/derecognition to ensure alignment with the Accounting Policy, liaising with Group Finance as and when required.
  • Perform postings, including assets acquisition/disposal/write off, depreciation and monthly
  • Provide cash forecasting information for weekly and monthly cash flow
  • Perform balance sheet assurance and reconciliations on quarterly/monthly
  • Maintain and update the fixed asset
  • Lead impairment testing as required by Accounting
• Fixed Asset Reporting:
  • Prepare monthly fixed assets reporting (including cash capex, fixed assets movements, budget vs actual comparison and FAV summary reports)
  • Review and report Assets Under Construction (AUC) monthly, ensure timely closure and write
  • Support with providing insight on project spending, including project economics and project
  • Ensure capitalisation of new assets follows the
• Fixed Asset Verification (FAV):
  • Verify physical existence and integrity upon fixed assets on 3 year rolling basis with the assistance of the asset manager.
  • Based on FAV result, develop corrective plan and action with related teams including disposal of idle asset, update fixed assets register.
• Fixed Cost Accounting:
  • Ensure fixed cost entries are in line with the Accounting Policy and liaise with Group Finance as and when required.
  • Co-ordinate with cost centre owners to ensure their forecast and budget data is provided to Finance in a timely and accurate manner for Finance to adhere to and Group timetable.
  • Liaise with cost centre owners to promote cost control and provide assistance when
  • Provide cash forecasting information for weekly and monthly cash flow
  • Validate procurement fixed cost savings targets on regular basis with subsequent review with Procurement team.
• Fixed Cost Reporting:

• Report actual fixed cost spend by cost centre and cost centre owner for budget holders and the Site Leadership team.
• Liaise with cost centre owners to understand the variances between actual, forecast, budget and prior years in order to provide clear and concise commentary for the Site Leader and senior management.
• Develop and continuously seek to improve reporting files to ensure flexibility in reporting to the changing environment and business needs.

• Identify, build and develop opportunities to standardise processes, promote the sharing of best practices within the local and global finance organisation.

• Identify errors, find solutions and implement those solutions to achieve a high level, accurate and consistent

• To join ad-hoc project teams in order to help achieve specific

Technical Skills

• Bachelors' degree in Accounting & Finance with 3-5 years relevant
• The role requires a sound technical accounting knowledge and strong understanding of International Financial Reporting Standards (IFRS) and GAAP, to be capable of applying the understanding and knowledge in daily posting and reporting activities.

• The jobholder will also be required to have well developed PC skills, and expert knowledge of
• It is preferred the jobholder has previous experience in professional firm(s).
• It is preferred the jobholder has previously worked in a fixed assets accountant role and has experience of fixed cost reporting.

Behavioural Skills

• Pro-active and have strong interpersonal and communication skills to resolve issues and present information effectively.

• Fast learner with ability to adapt to changing business requirement/processes/environment.
• Attention to
• Willingness to learn with a can-do attitude and wanting to succeed as an individual as well as
• Aptitude to identify and respond to stakeholder
• Well organised and flexible when dealing with regional issues against tight deadlines and differing time

• Good team
• Sound knowledge of project

TEC Group International is acting as an Employment Agency in relation to this vacancy.