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Sr. Cost Analyst

1 month ago


Orlando, United States Daniels Manufacturing Corporation Full time

Sr. Cost Analyst

Type of Position: Salaried / Exempt


Job Summary:

As we continue to grow, Daniels Manufacturing Corporation (DMC) is seeking a detailed-oriented and organized Sr. Cost Analyst to join our accounting team. This position will play a crucial role in analyzing, reporting, and controlling costs associated with manufacturing operations. This position will also collaborate closely with cross-functional teams to ensure accurate financial reporting, budget management and cost analysis.


This position is a US based (Orlando, FL), work in-office role (8am-5pm Eastern time).


Essential Job Functions & Responsibilities


Cost Accounting

·        Develop cost analysis and gross margin reports for DMC manufactured products

·        Review Infor Syteline job cost variance reports for potential efficiency gaps and/or material variances

·        Support DMC manufacturing operations in reaching financial KPIs and strategic objectives

·        Participate in cross functional meetings to address procedural and/or control issues pertaining to inventory movements and adjustments

·        Analyze manufacturing costs of Raw Materials, Labor and Overhead, to identify trends,

variances, and areas for improvement

·        Monitor inventory shrink, scrap, and obsolescence and provide monthly summaries to senior management

·        Prepare productivity KPI reports by manufacturing work center

·        Track all direct and indirect labor hours by manufacturing job and work center

·        Collaborate with engineering and production teams to update Bills of Material as required

·        Review and audit all CEA (Capital Expenditure Authorizations) submissions for profit-improving

Projects

·        Support engineering department for all cost savings and cost reduction projects

·        Review outside processing expenses tied to jobs and report variances from expected purchase order approved amounts

·        Assist with annual overhead rate calculation


Inventory Management

·        Monitor inventory levels and valuation, ensuring accuracy and adherence to accounting standards

·        Assist in reconciling physical inventory counts with system records and investigate discrepancies

·        Monitor daily inventory cycle counts and address inventory items that are out of compliance

·        Work closely with Inventory Manager and manage Cycle Count ABC codes in Infor Syteline

·        Work closely with procurement and manufacturing to optimize inventory turnover and days of supply

·        Analyze and reconcile off-site inventory for Amazon and off-site warehouse

·        Lead annual physical inventory for DMC manufacturing operations

·        Help maintain Infor Syteline data fields for inventory adjustment reason codes


Financial Planning and Budgeting

·        Assist in the preparation of budgets and forecasts related to cost of goods sold and manufacturing expenses (variable / fixed)

·        Provide support for all planned and forecasted direct and indirect labor hours by work center

·        Compile and provide support for all projected throughput for budgets and forecasts

·        Develop metrics for forecasted and budgeted inventory shrink, scrap, and obsolescence


General Accounting and Ad-Hoc

·        Prepare all monthly journal entries relating to inventory reconciliation and cost analysis

·        Reconcile inventory general ledger control accounts to inventory subsidiary ledger (Raw Materials, WIP, and Finished Goods)

·        Provide support for Monthly Business Review relating to inventory metrics

·        Assist with other balance sheet account reconciliations as assigned

·        Assist with annual audit for all inventory reconciliations


Qualifications   

·        Bachelor’s degree in accounting, finance, or related field required

·        CPA or CMA certification preferred

·        Minimum of 5-7 years of experience in a manufacturing environment , with focus on cost accounting

·        Proficiency in financial modeling and analysis

·        Experience with ERP systems and accounting software (Infor Syteline, Oracle, SAP, MS Excel)

·        Excellent communication and interpersonal skills

·        Ability to work independently and collaborate effectively with cross-functional departments

·        Strong analytical and problem-solving skills

·        Attention to detail and accuracy


Management reserves the right to assign or reassign duties and responsibilities to this job at any time.


EOE, including disability/vets