JOB SUMMARY:
The Senior Cost Accountant will have responsibility for ensuring technical
accuracy of the P&L and Balance Sheet as they relate to Cost Accounting. This
individual will partner with Procurement, FP&A, Transportation, and Plant
Controllers, to support operational cost efficiency. This role will assist in the
collection and analysis of financial information related to the organizations
expenses, capital, and performance to define ways to improve accuracy of
budgets, forecasts, and overall processes as determined by normal operations
and periodic performance.
ESSENTIAL FUNCTIONS:
Analyzes expenses and cost transactions; ensures that transactions are recorded
accurately, in the correct Financial period and assigned to the appropriate GL
Accounts, Department/Dimensions, and Projects.
Conducts specific research to recommend process improvement and to monitor
and measure performance operations
Prepares periodic reports tracking data across all plant activities.
Manage standard costs of raw materials and finished goods in accordance with
corporate policies including both new and existing items
Assist in management of annual calculation of standard direct labor and overhead
cost rates, monitor throughout the fiscal year
Perform standard to actual Labor and Overhead variance analysis
Support Pricing Team by providing current costing analytics including Inbound
freight
Partner with R&D and Sales on costing of new product development
Partner with Data Management on BOM setup and maintenance
Create weekly Inventory Adjustment Walk to forecast
Reconcile Monthly Inventory and assist in monthly inventory reserve calculation
Partner with Inventory Control Manager on Inventory management KPIs and
process
Serve as Finance partner in ensuring inventory SOP adherence
Analyze and identify root cause/corrective Action of weekly/monthly PPV variances
Partner with Strategic Sourcing in forecasting and evaluating Purchase Price
Variance
Support calculations and accruals of pass-through material expenses
Partner with Senior Manager Supply Chain Finance on Budget, Forecast and actuals
Collaborate with Site Controllers on analytics process and reporting of cost per
pound metrics.
Construct Ad-Hoc costing analysis supporting Supply Chain and operations
projects; both to estimate future costs and measure actuals.
Perform other duties and ad-hoc requests as assigned
POSITION GOALS:
Assist in continued development of Corporate Standard Cost method and
processes
Participate in creation and deployment of cross-functional SOPs as they relate to
Corporate cost structure
Develop standardized weekly and monthly cost metric measurements unified
across plant locations
Perform other duties as assigned
KNOWLEDGE, SKILLS, ABILITIES:
Bachelors Degree in accounting or finance or related field
Minimum of 7 years Cost Accounting experience
SAP experience preferred
Advanced understanding of costing methods, General Ledger associations and
Income Statement impacts
Thorough understanding of cost accounting principles and procedures.
Experience in Overhead Cost Absorption Allocation
Excellent communication, relationship building and negotiating skills
Strong analytical and quantitative ability
Demonstrated solid working knowledge of Microsoft Applications, including Word,
Excel & Power Point
Must be a hands-on person who is comfortable with lean, fast-paced working
environments.
