Key Activities/Responsibilities
Cost Accounting
- Maintain and analyze standard costing systems.
- Calculate and update labor, material, and overhead rates.
- Monitor and analyze manufacturing variances including:
- Labor variances
- Material usage variances
- Purchase price variances
- Production efficiency variances
- Inventory variances
- Perform monthly inventory valuation and reconciliation activities.
- Lead annual standard cost roll processes.
Inventory Management & Controls
- Reconcile inventory subledger to general ledger accounts.
- Participate in and oversee physical inventory counts and cycle count programs.
- Investigate and resolve inventory discrepancies.
- Review Excess and Obsolete Inventory and recommend changes
- Ensure compliance with inventory control procedures and accounting standards.
- Assist in developing internal controls related to inventory and manufacturing accounting.
Financial Reporting
- Prepare monthly journal entries and account reconciliations.
- Support month-end, quarter-end, and year-end close processes.
- Prepare financial analyses and management reports.
- Assist in preparation of annual budgets and forecasts.
- Provide reporting and recommendations to management regarding cost reduction opportunities.
- Perform other duties, assignments and special projects that may be required.
Operational Support
- Partner with Operations, Supply Chain, Production, and Engineering teams on:
- Cost reduction initiatives
- Capital expenditure analysis
- New product costing
- Process improvement projects
Compliance & Audit
- Support internal and external audit activities.
- Ensure compliance with GAAP and company accounting policies.
- Assist with documentation of accounting processes and controls.
- Support SOX compliance activities if applicable.
Key Performance Indicators (KPIs)
- Inventory accuracy percentage
- Manufacturing variance reduction
- Cost savings identified and implemented
- Month-end close completion timeline
- Standard cost update accuracy
- Audit findings and compliance performance
Requirements: Bachelors degree in accounting required.
Job Experience:
- 5+ years of progressive accounting experience.
- Minimum 3 years of cost accounting experience in a manufacturing environment required.
- Experience with standard costing and inventory accounting required.
- Experience with ERP systems such as JD Edwards and SAP required.
Demonstrated experience supporting audits and financial reporting preferred.
Skills:
- Must have a strong working knowledge of: GAAP, Cost accounting principles, Inventory valuation methods, Standard costing
- Advanced Microsoft Excel skills required including, ability to create Pivot tables, VLOOKUP/XLOOKUP, & Charts.
- Advanced knowledge in MS Office product suite required
- Ability to demonstrate strong analytical and problem-solving skills required.
- Effective oral and written communication skills, and ability to work collaboratively as well as independently.
- Ability to demonstrate strong business acumen, analytic, integrative, and critical thinking skills.
- Ability to communicate financial information effectively to non-financial stakeholders.
- Excellent organizational skills required; project management experience a plus.
- Ability to adapt to and operate within a fast-paced environment.
Physical Requirements
- Ability to sit for extended periods while working on a computer.
- Able to walk large square footage manufacturing facilities and warehouse locations as needed.
- Ability to conduct inventory counts and review production operations in a manufacturing environment as needed.