Senior Cost Accountant

4 weeks ago

Waterford Township, United States PennEngineering Full time
Summary

Position Summary

  • In-depth knowledge of cost accounting within a manufacturing company and fully understands the building of a standard cost, adept at variance analysis (e.g. PPV / MUV / Conversion Cost) and fully understand the link between manufacturing operations and costing.

Specific Duties And Responsibilities

  • New product standard cost establishment review and approve accuracy of product structure and routing file before updating base, current and going-to cost
  • Review daily engineering changes review and evaluate cost implications of engineering changes to routing and/or product structure
  • On a daily, weekly and monthly basis review, analyze and report variances of purchase price, material usage, outside operation, labor price, labor usage/efficiency and factory overhead efficiency to Operations, Finance and Plant management and assist with corrective action planning
  • Working with the Controller, achieve daily visibility to manufacturing personnel (in the office & on the shop floor). Attend manufacturing production meetings; participate in manufacturing departmental staff meetings; test assumptions by observing production on the shop floor; develop relationships to ensure effective communication lines
  • Review, analyze and report scrap and shrink
  • Monitor work orders ensure completed work orders are being closed correctly and in a timely fashion
  • Prepare monthly customer and product line contribution margin report
  • Ensure the operation of a robust cycle counting policy in support of maintaining a high level of inventory accuracy
  • Play a central role in the annual manufacturing budget process, including raw material, outside operations, standard labor and overhead rate calculations
  • Prepare for and successfully carry out the year-end standard cost roll
  • Critically examine pricing structures within the business and make recommendations to protect and improve profitability
  • Support the Controller on new sales opportunities margin analysis
  • Be a part of project teams that aim to improve performances and deliver on process improvements and cost saving initiatives

Requirements

Education And Experience Required

  • Bachelor's degree in accounting or finance; advanced degree preferred
  • Certified Management Accountant (CMA) preferred
  • Minimum five (5) years work experience in a manufacturing environment
  • Significant experience working with manufacturing teams on development and analysis of cost standards
  • Strong computer experience utilizing spreadsheet, word processing and database software
  • Prior experience utilizing ERP software, preferably JD Edwards. SAP, BAAN, or Oracle is also acceptable
  • Ability to plan and complete assignments within deadlines
  • Ability to follow complex oral and written instructions
  • Ability to prepare and present complex written reports
  • Ability to perform standardized and statistical computations

Position Type/Expectations Of Working Hours

  • Full time position
  • Regularly scheduled to work 40 hours a week, with casual over time.
  • Must be able to work Monday - Friday

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