Cost Accountant
2 weeks ago
We are seeking a highly motivated and detail-oriented Cost Accountant to join our team. The Cost Accountant will be responsible for maintaining a system for the company to maintain all of its financial records in compliance with Generally Accepted Accounting Principles (GAAP), and all federal, state, local, and International professional requirements by performing the following duties.
Responsibilities:
- Maintain all product cost metrics (Standard Costs, Actual Costs) while holding manufacturing cost margins.
- Analyze actual manufacturing costs and prepare reports comparing standard and actual costs.
- Inventory cost management and reconciling cycle counts and period-end inventory balances. Analyze and adjust any inventory reserve balances.
- Collect, prepare, analyze, and report weekly, monthly, quarterly, and annual gross margin analyses by various products, customers, types, etc.
- Assist in month-end closing, prepare journal entries as necessary, analyze inventory evaluation, inventory roll forward
- Set Standard Costs of manufactured goods.
- Reconcile any PPV each month.
- Analyze cost accounting data and assist with cycle count/physical inventories.
- Maintain internal control documentation and test internal controls.
- Prepare detailed account analysis and reconcile sales, cost inventory, and liability accounts.
- Review and analyze inventory and margin reports, conduct research, and perform analytical studies in regard to cost analyses and profitability.
- Support and assist department reporting requirements such as audit schedules, tax schedules, and others.
- Ensure timely submission, accuracy, and validity of inventory, and gross margin schedules to management.
- Gathers and compiles cost information and maintains a database concerning expenses.
- Develops systems and procedures for accumulation systems and/or cost accounting functions.
- Determines fixed costs such as salaries, rent, and insurance.
- Predicts, plans, and records variable costs such as purchases of raw materials, labor, and operation costs.
- Reviews and analyzes actual costs to identify inaccuracies.
- Assists with company-wide budgeting reports.
- Review, analyze, and report actual profit margins.
- Assists with month-end and year-end closings.
- Determines and recommends cost-effective solutions.
- Allocate all manufacturers' invoices to the appropriate COGS or fixed asset accounts
- Maintain Company General Ledger accounts
- Perform monthly bank reconciliations for all accounts.
- Monthly account analysis for BS accounts and IS accounts.
- Maintain and update the Purchase Order System, in conjunction with buyers and planners.
- Assist the Accounting Manager & VPF in the Budgeting process.
- Manage the Monthly Close process and prepare financial statement reports and FLASH reports.
- Performs other related duties as assigned.
- Bachelor's degree in Accounting or Finance
- 3+ years of experience in cost accounting
- Experience in a Manufacturing Operation preferred.
- Excellent verbal and written communication skills.
- Advanced Proficiency in Microsoft Office Suite and Oracle Netsuite or other ERP systems.
- Thorough understanding of accounting procedures and U.S. Generally Accepted Accounting Principles (GAAP).
- General knowledge of multi-subsidiary consolidation process.
- Excellent analytical and organizational skills, with close attention to detail.
- Ability to manage confidential information.
- Ability to research, compile, analyze, and interpret data.
PI23ec51d8466e-2726
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