Cost Accountant

Found in: beBee jobs US - 1 week ago

Other US Location Gowan Company Full time

Gowan Milling is looking for a Cost Accountant. In this job, the Cost Accountant will analyze production costs, pinpoint cost drivers for enhanced cost-effectiveness. Collaborate with production teams to optimize processes. Deliver precise cost reports, aiding financial decisions. Contribute to financial statement preparation. Identify and implement ongoing process and cost-saving opportunities with cross-functional departments.

Duties and Responsibilities:

  • Reviews all Standard Cost elements to ensure logical determination, including bill of materials, production routings, labor, and overhead.
  • Coordinates with the supply chain team to ensure that standard costs are correctly reflected in bills of materials.
  • Coordinates with each manufacturing team to ensure that all manufacturing operations are correctly reflected in product routes.
  • Coordinates with each team supporting manufacturing operations to ensure that all overhead expenses are correctly reflected in the indirect cost.
  • Coordinates with each manufacturing team to ensure that all direct labor costs are correctly reflected in the standard cost and procedures.
  • Determines the Standard Cost for all manufactured products based on the obtained records.
  • Assists in new product planning by forecasting costs (variable, assembly, indirect) and analyzing costs of various options.
  • Assists in the annual cost roll, conducted at fiscal year-end, to ensure that inventory valuation is properly booked in the system.
  • Assists in managing/performing cost segregation and fixed asset studies/evaluations.
  • Coordinates physical inventory counts and cycle counts of inventory.
  • Validates and monitors standard costs on a monthly basis, investigates discrepancies between standard and actual costs, and executes any adjustments if needed.
  • Determines standard/actual cost variances on a monthly basis (purchase & manufacturing) and ensures that accumulated purchase price variances are applied to sales in the P&L.
  • Monitors slow-moving inventory and evaluates it for impairment or obsolescence.
  • Prepares accurate and timely Cost Accounting and Inventory reporting and expense analysis for managers and other end users.
  • Performs account reconciliations to maintain the integrity of the general ledger in Cost & Inventory related accounts.
  • Prepares financial information and schedules for external auditors during the annual financial audit.
  • Assists with technical support and advice in Operational Departments.
  • Assists with the preparation of the Budget Standard Cost.
  • Maintains internal cost accounting controls (Policies & Procedures).
  • Participates in any duty related to the Finance department required by the company.
  • Coordinates cost-down efforts by establishing targets, analyzing the total cost of current products, and comparing them to the estimates or recommended target costs.
  • Assists with the Audit review process.

Qualifications and Skills:

  • Required Qualifications:
  • Bachelor's degree in Accounting or Finance
  • Master's degree (Accountancy or MBA) and/or CPA preferred
  • Skills:
  • Proven experience in accounting practices.
  • Proven experience in Manufacturing Cost Accounting (Standard Cost preferred).
  • Knowledge of Generally Accepted Accounting Principles (GAAP, IFRS).
  • Experienced with Microsoft Office programs, especially Microsoft Excel.
  • Familiar with electronic accounting systems, preferably JD Edwards Enterprise One.
  • Accuracy and attention to detail
  • Problem-solving, conflict management and decision-making skills.
  • Self-motivated, flexible, team player
  • Tenacity and willingness to investigate and resolve discrepancies
  • Excellent communication and interpersonal skills

Physical and Work Requirements:

  • Work in office environment at a desk for extended periods using computer.
  • Light filing and Occasional travel.
  • Occasional light lift objects may be required.
  • Occasional overtime may be required.

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