Ferrero · 14 hours ago
Cost Manager
Franklin Park, IL
Full-time
Onsite
Mid, Senior Level
$108K/yr - $144K/yr
5+ years expFerrero is one of the world’s largest sweet-packaged food companies, and they are seeking a Cost Manager to support the Plant Controller in ensuring accurate industrial cost calculations and monitoring production performance. The role involves leveraging internal systems for reporting, budgeting, and forecasting while providing financial insights to enhance production efficiency.
Food and BeverageFood ProcessingManufacturing
Responsibilities
Support the Plant Controller in the preparation of the annual budget and standard cost setting (BOM, labor, overheads)
Monitor and analyze industrial costs, standard costs, and production variances, providing regular performance reporting and insights
Perform month end close activities including preparation of journal entries and required reports detailing results including analysis and explanations
Support the monthly forecast and Group planning cycles (SAF, Strategic Plan), including risks and opportunities
Prepare financial analyses for capital projects, including business cases, ROI, and support to Group approval processes
Monitor write-offs, destructions, and obsolescence accruals, ensuring proper documentation and reporting
Support capital projects and fixed-asset management, including WBS setup, asset activation, verification, and disposals
Ensure timely and accurate reporting in Group systems (HFM, SAP) for budget, forecasts, and actuals
Perform cost simulations and project economics to support new products, SKUs, and changes in production flows
Supervise and provide guidance to direct reports
Qualification
Required
Bachelor's degree in Finance, Accounting, or a related field
5–8 years of experience in industrial controlling, cost accounting, budgeting, month end close and financial analysis in a manufacturing environment
Strong knowledge of production processes, standard costing, and SAP, including fixed-asset management
Experience supporting capital investment analysis, budgeting, and ROI evaluations
Good understanding of financial systems, including HFM and/or other Budgeting/Forecasting tools
Ability to work cross-functionally with Operations and support senior finance leadership (Plant Controller)
Strong analytical and problem-solving skills, with a track record of improving cost transparency and process efficiency
Company
Ferrero
Ferrero is a confectionary manufacturer known for Tic-Tacs, Nutella, Kinder, and their Pralines.
10001+ employees
Funding
Current Stage
Late StageTotal Funding
$1B2023-06-06Debt Financing· $1B
Leadership Team
Lapo Civiletti
CEO
Recent News
2026-01-08
2025-12-17
Company data provided by crunchbase