IMI plc

We are a global specialist engineering company that creates breakthrough solutions. We are curious and like to solve problems, partnering with our customers to solve the demands of today and prepare for the challenges of tomorrow. We embrace innovation and care about outcomes that are good for business, everyday life and making a better world – creating lasting impact for everyone.

We design, build and service highly engineered products in fluid and motion control applications. We focus on five market sectors: Industrial Automation, Process Automation, Climate Control, Life Science, and Transport.

Our partnership approach breaks through problems and reduces complexity. We don’t invent in isolation – we collaborate with our customers. We listen closely and we think differently, creating space for diverse minds to innovate. We are working together to make businesses safer, more sustainable and more productive.

Role Overview:

The Senior Cost Accountant will be an important development role within the Finance function. Reporting to the site Finance Director, the role will be central to the completion and reporting of financial and business reporting, developing ad-hoc analysis and performing financial analysis to drive improvement in performance.

The role will require monitoring and application of cost accounting principals to ensure manufacturing activity remains well controlled, efficient and opportunities to improve are identified and communicated.

Additionally, the role is central to the site’s FP&A analysis; delivering key reporting, identifying trends, challenging the business and supporting high quality forecasts.

Work Environment: University Park, IL - Hybrid

Key Responsibilities:

• Analyzes actual manufacturing costs compared to standard costs to ensure accuracy of standards and provide insight on any over/under absorption.
• Be responsible for obsolete inventory reporting, analysis and management overrides.
• Business partner with our Supply Chain team to understand current purchase price variances and trends to make necessary updates to standard costs. Additionally, work with Supply Chain to co-ordinate and control inventory counts; with the aim of removing our annual count and embedding a perpetual counting process.
• Scrap Reporting - Partner with Quality Assurance (QA) to help identify, understand and reduce scrap.
• Support the site Finance Director with regular FP&A reporting and analysis, identifying trends in performance to drive performance and improve future forecasts.
• Provides management with reports specifying and comparing factors affecting prices and profitability of products or services. 
• Manages the execution of the annual cost roll and works collaboratively with various departments to maintain precise and reliable data.
• Conducts thorough reviews of job variances and partners with cross-functional teams to determine root causes and drive improvements
• Be able to identify a new business need and support development of the required information and reporting
• Deputise for the site Finance Director as required.
• Ad-hoc analysis and projects as required.

Critical Competencies for Success:

• Bachelor’s degree in Accounting or related field, CPA or CMA is preferred.
• Advanced Excel skills
• 3+ years in a Cost Accounting manufacturing environment.
• Demonstrated financial acumen delivering forecasting, variance analysis and data interpretation of results.
• Ability to problem solve and work with ambiguity to resolve issues.
• Excellent business communication skills in English
• Previous experience of Oracle would be an advantage, but not essential.
• Collaborative team player who will embrace IMI’s One Big Team ethos.

Pay range: $92-$102k

Within this range, individual pay is determined based on skills, experience, and qualifications relative to the job requirements. Base pay information is aligned with market location and may be subject to prevailing wage laws, if applicable.

Bonus eligibility: This position is also eligible for a variable incentive pay component, separate from base salary.

What IMI Can Offer You

At IMI, one of our top priorities is to create an inclusive culture of health. We strive to remove barriers to care (whether that be physical or financial) and in doing so, we offer choice for all your health and wellbeing needs. 

See below for a general overview of our amazing perks and benefits:

• Multiple health plans to choose from: HMO, PPO, and High Deductible Health Plans with a low-cost share
• Best-in-class 401K plan with zero vesting and up to 6% contribution matching
• 14-week maternity leave at full pay (Adoption benefits are equivalent)
• 4-week paternity leave at full pay (Adoption benefits are equivalent)
• Employee Resource Groups that offer community and support, like our Pride Network and Network of Women groups 
• PTO, encompassing inclusive holidays 
• Career Development opportunities (IMI’s ‘Catalyst’ Program)
• Employer contribution for Health Savings Account, and in many cases free virtual telemedicine, and teletherapy.
• Mental Health and wellness programs to support you and your family
• Full suite of voluntary benefits to tap into, including but not limited to: Critical illness insurance, hospital indemnity, legal insurance, identity theft protection, and pet insurance or home & auto insurance through our discount advantage platform
• Short & long-term disability as well as basic life insurance at 2x your basic salary at no cost to the employee
• Free financial advisors, webinars, and classes through Charles Schwab
• Annual Employee Stock Purchase Plan with option to purchase IMI shares at a reduced employee only price - no opportunity to lose, only to profit or refund your investment 100%

**Benefits plans change year over year, but we have guiding principles in place to ensure our employees have the tools and resources available to stay connected and up to date**

Health & Safety

The physical demands described within the Key Duties & Responsibilities section of this job description are required to perform the essential functions of this position.  Reasonable accommodations may be made for individuals with disabilities.  Please contact your local HR representative to discuss the specific Work Conditions and Physical Requirements of this role.  

Health, Safety, and Environmental Duties – At IMI we are all personally committed to protecting our people, minimizing our impact to the environment, the communities we operate in and our company. All members of our workforce have the duty to ensure the health, safety and welfare of themselves, others, and the environment. Every employee is expected to follow all HSE operating procedures, also to challenge any observed behaviors or unsafe acts.

Code of Ethics

IMI requires the highest standard of ethics in all business dealings, particularly with customers, suppliers, advisors, employees, and the authorities. In accordance with the IMI Way: Our Code of Responsible Business.

Changes to This Job Description

IMI may amend this job description in whole or part at any time.

By submitting your application, you consent to the processing of your personal data in line with IMI’s policies. For information about how IMI processes candidates’ data, please see the Candidate Privacy Notice at www.imiplc.com/candidate-privacy-notice, available in multiple local languages.

IMI is an equal opportunity employer. Qualified applicants will be considered without regard to age, race, creed, color, national origin, ancestry, marital status, affectional or sexual orientation, gender identity or expression, disability, nationality, sex, or veteran status.

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