Principal Cost and Accounting Analyst (Finance)
What Timken makes possible begins with you.
Those who came before us helped land a man on the moon, create the world's infrastructure, and introduce renewable energy alternatives. Now you can join the Timken team to write your own unique story and help drive what's next.
A career at Timken means you can have an immediate impact doing Work That Matters to the world- improving the efficiency of today's industrial equipment and preparing for the future of motion on our planet and beyond. New employees can start contributing right away, and there are many opportunities to advance your career at your own pace. Join our global team of 19,000 people in 45 countries, and start helping our customers push the limits of what's possible in their world of motion.
Timken Power Systems, Philadelphia Gear brand has a current opening for aPrincipal Cost and Accounting Analyst responsible foroverseeing fixed asset and capital expenditure reporting, project management from Accounting perspective, and related controls for the region as well as assisting with monthly closing/reporting processes, including providing management with timely and meaningful reports and thorough analyses of business performance. This position will support the Timken Power Systems Greater Gulf CoastRegion Controller and guide local operations in Broomfield, CO, Houston, TX, Mokena, IL, and Pasco, WA in inventory and job costing management, analyses/reporting of financial results and in developing and/or maintaining effective procedures and internal controls in accordance with SOX/GAAP.
Essential Responsibilities:
- Ensure timely and accurate completion of monthly accounting closing and annual reporting requirements in compliance with GAAP, standard operating procedures, internal controls/SOX including analyzing and reporting results, and analyze performance variances
- Facilitate financial reporting, analysis, and validation of fixed assets and capital expenditures including forecasting, budgeting, preparing and tracking Timken capital appropriation requisitions (ARs) or local capital approvals, tracking and processing disposals, and overseeing external property tax, sales and use tax local audits, and internal audits
- Develop, evaluate, and oversee processes and controls to validate inventory and implement action plans to identify and resolve exceptions. This includes reviewing and validating inventory in stock, work in process, DMR and inspection as well as monitoring annual physical inventories, cycle counts and OSMI reviews
- Review, analyze, and validate job costing and margins, including timely closing of jobs, troubleshooting, and resolution of exceptions
- Complete general ledger journal entries into the company's ERP system and account reconciliations in Blackline.
Technical/ Functional Skills:
- Effective problem identification, analysis, and resolutions skills
- Attention to detail, accuracy, and neatness working with figures
- Independent worker who takes ownership of assigned responsibilities through to completion.
- Work efficiently alone, as well as collaboratively within a team
- Effective and professional verbal and written communication skills in person and on the telephone
Basic Qualifications:
- Bachelors degree in Accounting or business-related field required
- Minimum of 7 years' experience in job costing, monthly closing process and inventory management/ controls, 10 years prefered
- Minimum of 5 years' experience with GAAP and SOX compliance requirements
- Minumum of 5 years' experience with large enterprise system
- Minimum of 2 years' experience with sales & use tax, property tax, and/or internal audits
- Advanced skills in Microsoft Excel
- Advanced understanding of accounting procedures and good business practice
All qualified applicants shall be treated equally according to their individual qualifications, abilities, experiences and other employment standards. There will be no discrimination due to gender or gender identity, race, religion, color, national origin, ancestry, age, disability, sexual orientation, veteran/military status or any other basis protected by applicable law.
The Timken Company, a global technology leader in engineered bearings and industrial motion, designs a growing portfolio of next-generation products for diverse industries. For more than 125 years, Timken has used its specialized expertise to innovate and create customer-centric solutions that increase reliability and efficiency. The company posted $4.6 billion in sales in 2024 and employs more than 19,000 people globally, operating from 45 countries. Timken has been recognized among America's Most Responsible Companies and America's Greatest Workplaces for Diversity by Newsweek, the World's Most Ethical Companies® by Ethisphere and America's Most Innovative Companies by Fortune.
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