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Cost Accountant

Creative Financial Staffing • Fitchburg, WI

Posted 16 days ago

Job Snapshot

Experience - 1 years
Degree - 4 Year Degree
Accounting - Finance, Manufacturing
Accounting, Finance, Manufacturing

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Job Description

Job Description

Cost Accountant

About the Company

Do you like working with people? Are you interested to get involved working with operations out on the production floor? If so, CFS is engaged with a leading manufacturing organization looking to add a Cost Accountant to their team right here in Madison! Looking to round out their "Dream Team", this position is going to work with another peer to lead all Costing initiatives for the organization.  

Job Responsibilities

As a Cost Accountant, you will be responsible to provide the required accounting and analytical support to manufacturing operations. Also, to assist in capturing and reporting production performance and ensure the control and proper valuation of inventories.

Specific duties in this Cost Accountant role include:

  • Update product standard costs on annual basis with updated BOM, recipe and activity rate values
  • Working with operations team understand practical and expected capacity availability at manufacturing locations for use in determining overhead activity rates
  • Perform analytical review of annual standard cost changes, present findings to upper management.
  • Review manufacturing order variances and purchase price variances on a timely basis to correct errors before month end.
  • Ensure new product standard costs are calculated and updated in ERP system with accurate costs on a timely basis.
  • Prepare month and year end accruals, process journal entries and reconcile accounts for inventory and manufacturing related general ledger accounts.
  • Verify the accuracy of inventory transactions including material usage, scrap and cycle count postings.
  • Calculation and documentation of slow-moving inventory reserve for inventory.
  • Analyze and report key financial and operational information/variances to management including price, labor and overhead absorption and on a monthly basis.
  • Support the development of overhead rates for manufacturing, plant maintenance, production projects and R&D.
  • Assists with planning, coordinating and reconciling the annual physical inventory.
  • Assists in the preparation of cost of sales and inventory planning for the annual forecasting.
  • Document inventory and cost accounting procedures.

Job Requirements

Job Requirements

Specific requirements for this Cost Accountant position include:

  • Cost Accounting experience; preferably 1 + years within a manufacturing setting
  • Must have strong Excel skills with pivot table experience
  • SAP Experience is preferred
  • Corporate Accounting/General Ledger experience
  • High degree of accuracy and attention to detail
  • Solid computer skills

Keywords: Accountant, Cost Accountant, Cost Accounting, General Ledger, BOM’s, Bill of Materials, Routings, Labor, Overhead Rates, Variance, Margin, Analysis, Excel, Manufacturing, Standard Costing

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