Job Description

Danfoss Power Solutions is a global company that provides innovative and energy-efficient technologies for various sectors. At Eden Prairie, MN, we manufacture Hydraulic Steering Units and Motors, primarily used in powering agricultural and construction equipment. Senior Cost Analyst will play a key role at the Eden Prairie plant and thrive working in a diverse and growing environment at the multi-national company.

The position will be accountable for cost accounting, budgeting, month-end closing, financial reports and analysis. Also providing reliable information and insight to plant and business unit management. Timely and accurate handling of data is critical.

Job Responsibilities

Responsibilities for this position include, but are not limited to:

• Manage cost accounting such as cost center accounting and allocation cycles, calculating standard cost, and complete necessary updates.
• Perform month-end closing tasks within deadline.
• Prepare journal entries for accruals, reconciliation, costs of sales, scrap, warranty, etc.
• Review and analyze cost variances including production order and purchase price variance.
• Monitor actual sales/cogs and variable/fixed expenses based on budget and forecast.
• Prepare and interpret various daily, monthly, and yearly reports for plant leadership and management.
• Monitor inventory flows and perform yearly physical inventory observation.
• Support external and internal audits as well as other statutory requests.
• Support a safe working environment to minimize employee risk to injury and drive a zero-incident safety culture.
• Model Danfoss’s “Behaviors in Action” and support the core values of the organization.

Background & Skills

Qualifications

Required qualifications
Bachelor’s degree in accounting, finance, economics or related fields
3 years accounting experience
1 year cost accounting experience

Preferred qualifications
5-7 years accounting experience, preferably covering full-cycle month end closing, in-depth financial analysis with deep understanding of BS and PL.
3 years cost accounting experience, preferably in manufacturing environment
Working knowledge and experience in SAP CO/FI modules
CPA is a plus

Job Criteria
Advanced working knowledge of Microsoft Office, especially Excel
Exceptional accuracy and attention to detail
Strong analytical skills
Strong verbal and written communication skills
Collaborative

Danfoss – Engineering Tomorrow

At Danfoss, we are engineering solutions that allow the world to use resources in smarter ways - driving the sustainable transformation of tomorrow. No transformation has ever been started without a group of passionate, dedicated and empowered people. We believe that innovation and great results are driven by the right mix of people with diverse backgrounds, personalities, skills, and perspectives, reflecting the world in which we do business. To make sure the mix of people works, we strive to create an inclusive work environment where people of all backgrounds are treated equally, respected, and valued for who they are. It is a strong priority within Danfoss to improve the health, working environment and safety of our employees.

Following our founder’s mindset “action speaks louder than words”, we set ourselves ambitious targets to protect the environment by embarking on a plan to become CO2 neutral latest by 2030.

Danfoss is an EO employer and VEVRAA Federal Contractor. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability, veteran status, or other protected category.