Senior Cost Accountant

1.0

The Senior Cost Accountant is responsible for driving the establishment of product routings, costs, and variance analysis in a dynamic manufacturing environment. Coordinate’s inventory related activities, including cycle count activities, and help ensure overall inventory accuracy. Assists with month end closing, including preparation of month end and quarter end reporting packages, and pursues process improvements such as report automation utilizing current or future ERP applications. Works with internal and external auditors as required. Serves as backup to Controller, as needed, to prepare or post journal entries, etc. Works with the Controller to develop reporting and analysis in support of the company.

Specific responsibilities may include:

· Analyze cost of sales, overhead, manufacturing variances and actual manufacturing costs compare to budget, forecast and prior periods.

· Prepare periodic reports comparing standard costs to actual production costs, and commentary on prices and profitability of products.

· Analyze actual material, labor, and overhead costs to standard costs and prior year.

· Analyze price/volume/mix.

· Identify process improvements related to inventory, manufacturing operations and cost of sales.

· Develop standard costs for products and maintain the standard cost system.

· Prepare and discuss Monthly Material Cost, Purchase Price Variance, Labor and OH impact with relevant teams (Finance, Ops, Purchasing)

· Assists in month-end closing, prepares journal entries as necessary, and performs balance sheet and expense analysis.

· Assists in preparation and analysis of monthly financial statements and weekly/monthly management reporting packages.

· Assists Controller with monthly forecasts.

· Take a leadership role in forecasting material costs, including the results of active cost reduction initiatives.

· Assist in month-end and year-end closing process.

· Develop an in-depth knowledge of the cost flow throughout the ERP system.

· Analyze costs of raw materials and other supplies and create cost-benefit analyses for changing vendors.

· Participate in a variety of cost reduction initiatives, providing financial guidance to the organization.

· Identify cost reduction opportunities.

· Continuously review all actual product costs to determine potential cost savings possibilities.

· Maintain database for a cost accounting system, tools, and reporting.

· Participate in the cycle counting procedure by documenting adherence with established procedures.

· Assist the Controller in the coordination, development, and preparation of annual operating plan with emphasis on the Cost of Goods Sold segment.

· Provide special reports and analyses to compare actual material, labor, and overhead costs with standard costs, as requested by management.

· Review monthly, quarterly, and annual reports submitted to outside vendors and government auditors for completeness and accuracy.

· Assist in developing simple and effective tools for real time analysis of site spend, product margins, and inventory trends.

· Support the Manufacturing/Operations departments with various analyses.

· Assist in providing schedules and supporting documentation as a part of year-end audit.

· Development justifications for capital expenditures and market expansion programs.

2.0 REQUIREMENTS

2.1 EDUCATION AND TRAINING

· A Bachelor’s degree in Accounting.

· CPA/CMA certification preferred, not required.

2.2 EXPERIENCE

· A minimum of five years’ experience as an Inventory or Cost Accountant

· Manufacturing industry experience would be advantageous.

· ERP experience, strong preference for Trier II experience (e.g., NetSuite, Epicor)

2.3 KNOWLEDGE AND SKILLS

· Knowledge of office operations and management practices and procedures.

· Must be detail oriented with strong organization and analytical skills.

· Strong work ethic and initiative with a positive attitude

· Well-developed interpersonal skills and the ability to work well independently as well as with co-workers, peers, supervisors, and external customers.

· Ability to handle multiple tasks simultaneously effectively and efficiently, with precision and adapt to changes in responsibilities and workloads.

· Capability to problem solve and take ownership of work in a fast-paced, high growth environment.

· Ability to adapt and take on additional tasks as required.

· Must be professional, possess a high degree of urgency and self-motivation, and have a strong work ethic.

3.0 ABILITIES

· Attention to detail.

· Produce error-free work.

· Deadline-oriented.

· Make sure that customers’ requests come first.

· Self-starter who thinks of innovative, faster ways to accomplish tasks.

· Work with minimal supervision.

· Consistently maintains a professional demeanor and appearance.

· Demonstrate a positive attitude and set example by how they work.

· Consistently on time and working.

· Consistently demonstrate honesty and a high degree of integrity.

· Flexible and able to adapt to our dynamic environment.

4.0 PHYSICAL AND SAFETY REQUIREMENTS

· Reasonable accommodations are made to enable individuals with disabilities to perform essential job functions.

· Sitting for extended periods, occasional bending, standing, walking, 8-10 hours per day.

· Must be able to talk and hear in person and by telephone.

· Frequent use of hands to handle, feel or operate standard office equipment; and reach with hands and arms.

· Specific vision abilities required by this job include close vision and the ability to adjust focus.

· Able to lift 20 lbs.

· Must comply with any safety or PPE requirements.

· Able to be present at the facility when required but will mostly be in a remote office environment.

· There is minimal exposure to other environmental hazards.