Cost Specialist

No Relocation Assistance OfferedJob Number #170387 - San Jose Iturbide, Guanajuato, Mexico Who We Are Colgate-Palmolive Company is a global consumer products company operating in over 200 countries specialising in Oral Care, Personal Care, Home Care, Skin Care, and Pet Nutrition. Our products are trusted in more households than any other brand in the world, making us a household name Join Colgate-Palmolive, a caring, innovative growth company reimagining a healthier future for people, their pets, and our planet. Guided by our core values—Caring, Inclusive, and Courageous—we foster a culture that inspires our people to achieve common goals. Together, let's build a brighter, healthier future for all. Cost Specialist Bar Soaps Position Purpose: The Cost Specialist for Bar Soaps is the key financial steward of the focus factory and is a strategic partner to provide financial guidance and direction to the operations team to ensure the long‑term success of the focus factory and its operations. Key Responsibilities: Manage focus factory spending to deliver key budget targets (Cost per Case, Cost per Ton), with focus on headcount, labor costs, utility costs, maintenance spending, and fixed conversion costs. Perform standard cost calculations and reviews, managing the submission of costs and intercompany prices for materials and finished goods, and collaborate with Global CBS to maintain accurate master data, review rate routings, and explain significant cost changes. Support month‑end financial closing, working with Colgate Business Services to achieve timely activities and maintain data integrity. Reconcile balance sheet prepaid and accrual accounts, review GR/IR unvouchered accounts, and monitor capital spending (MWIP account) to ensure projects stay on time and within budget. Track and manage fixed asset movements, conduct physical counts, and oversee capitalization processes for CEB projects, including savings tracking and depreciation simulation. Analyze plant performance reports and financial statements, monitor key business drivers, and communicate timely insights. Ensure effective internal controls for inventory management, optimize working capital usage through physical counts, DOC tracking, SLOB materials review, and risk communication. Recommend solutions to financial issues based on business knowledge. Communicate monthly results to the Plant Controller, summarizing key events and action plans to close performance gaps and mitigate P&L risks. Provide monthly variance analysis and quarterly production volume and manufacturing estimates, focusing on risks and opportunities. Collaborate with procurement on purchase price variances, material price issues, and exchange rate impacts. Report absolute material loss each month and identify opportunities to reduce scrap and material loss; adopt best supply‑chain practices where applicable. Execute annual conversion cost budget and Mid‑Year Reviews, guiding accurate cost statements for the coming year. Validate FTG projects and maintain FTG database integrity. Review and validate CEB savings for MWO’s (volume, cost, profit), collaborating with engineering, operations, and commercial teams to align project assumptions. Participate in special projects and Colgate taskforces. Financial analysis & Business insight Communicate monthly results to the Plant Controller, provide summaries of key events with action plans, and support the operations team in preparing for monthly production performance reviews (PPRs). Offer monthly manufacturing variance analysis and quarterly production volume and manufacturing estimates, identifying risks and opportunities. Collaborate with procurement on purchase price variances, material price issues, and exchange rate fluctuations. Report monthly absolute material loss, pursue opportunities to reduce scrap, and apply supply‑chain best practices. Lead the annual conversion cost budget and mid‑year reviews, ensuring accurate cost statements. Validate FTG projects and ensure database integrity, and review CEB savings for MWO’s with engineering, operations, and commercial teams. Drive special projects and Colgate taskforce participation. Business Perspective & Partnering Align and maintain constant communication with the Budget & Planning team on cost of goods sold, volume validation, SLOB risks, and new product launches. Educate cross‑functional partners on key financial concepts. Education / Experience Bachelor’s degree in Engineering, Accounting, Finance, and Business. +5 years of experience in finance, Budget & Planning, Costs, or Accounting. Advanced level English proficiency. Expected Areas of Knowledge, Skills and Abilities Excellent skills in SAP or equivalent ERP system. Accounting and Financial Expertise. Advanced knowledge of Excel and Google Suite (Google Sheets and Slides). Excellent Financial Analysis skills. Analysis/Decision Making. Effective Execution. Planning / Priority setting. Our Commitment to Inclusion Our journey begins with our people—developing strong talent with diverse backgrounds and perspectives to best serve our consumers around the world and fostering an inclusive environment where everyone feels a true sense of belonging. We are dedicated to ensuring that each individual can be their authentic self, is treated with respect, and is empowered by leadership to contribute meaningfully to our business. Equal Opportunity Employer Colgate is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, colour, religion, gender, gender identity, sexual orientation, national origin, ethnicity, age, disability, marital status, veteran status (United States positions), or any other characteristic protected by law. Reasonable Accommodation Reasonable accommodation during the application process is available for persons with disabilities. 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