Ralph Lauren - Senior Cost Accountant

About the job: Ralph Lauren Corporation (NYSE:RL) is a global leader in the design, marketing and distribution of premium lifestyle products in five categories: apparel, accessories, home, fragrances, and hospitality. For more than 50 years, Ralph Lauren's reputation and distinctive image have been consistently developed across an expanding number of products, brands and international markets. The Company's brand names, which include Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, Chaps, among others, constitute one of the world's most widely recognized families of consumer brands. At Ralph Lauren, we unite and inspire the communities within our company as well as those in which we serve by amplifying voices and perspectives to create a culture of belonging, ensuring inclusion, and fairness for all. We foster a culture of inclusion through: Talent, Education & Communication, Employee Groups and Celebration. Senior Cost Accountant Responsibilities: The Senior Cost Accountant will be based in Bangalore, India reporting to the Manager Costing. The major functions of this position include: - Assist Director/ Sr Manager of Wholesale Cost Accounting in managing functions within the Divisional Cost Department. - Works within a team while demonstrating respect for RL corporate values. - Provide exceptional customer service to both internal and external customers. - Primary responsibilities: 1. Standard costing & daily costing runs 2. Month End Close 3. Costing for NA and collaboration across regions 4. Monthly Cost Variance Analysis 5. Sarbanes-Oxley compliance. Cost Accountant Responsibilities: The Cost Accountant will be based in Bangalore, India reporting to the Manager Costing. The major functions of this position include: - Assist Director/ Sr Manager of Wholesale Cost Accounting in managing functions within the Divisional Cost Department. - Works within a team while demonstrating respect for RL corporate values. - Provide exceptional customer service to both internal and external customers. - Primary responsibilities: 1. Standard costing & daily costing runs 2. Month End Close 3. Costing for NA and collaboration across regions 4. Monthly Cost Variance Analysis 5. Sarbanes-Oxley compliance. Accountabilities / Tasks: - Setting standard costs and reviewing secondary costs and resetting the standard costs. - Collaborates effectively with the Production team providing efficient flow of information required to cost inventory items. - Provides meaningful analysis of Purchase Price Variance's when requested. - Completes assigned month-end financial closing tasks and provides requested data for periodic forecasts. - Cost Variance analysis includes development of a monthly forecast/annual budget, analysis of results to the forecast/annual budget and development of analytical reports to effectively communicate results. - Provide a due diligence review of proposed standard costs. - Responsible for timely and supported responses to internal and external audit requests and SOX (Sarbanes-Oxley) compliance controls. - Completes ad hoc analysis as assigned. - Special projects and analysis at manager's discretion. Required Skills / Years Experience / Education: The ideal candidate for this position will have the best combination of skills. - Strong technical knowledge of costing, inventory valuation, accounting principles, standard costing processes, and controls. - Functional within the suite of Microsoft software. - Experience within an ERP system (preferably SAP). - Bachelor's degree in Finance, ICWA, or CMA with 3 - 5 years of experience; CMA/CA qualification preferred. - Works comfortably with large data sets utilizing query, reporting and summarization features within Excel / BI tools. - Partners with team members to complete thought-provoking assignments in accordance with RL corporate values. - Offers guidance and occasional oversight for staff level team members. - Contributes to root cause analysis, including self-critical observations, to provide constructive feedback and opportunities for improvement. - Build effective relationships and engage in healthy conflict to resolve challenge areas across levels and stakeholders in the organization to influence change. - Communicates concisely with integrity to summarize detailed processes or challenges.