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Sr. Cost Analyst

2 months ago

Mound, United States Tank Holding Full time

Company Overview 

Tank Holding Corporation has become the market leader and manufacturer of rotationally molded poly and welded steel bulk storage and material handling products in North America. Tank is growing rapidly and is always working to expand its capabilities and diversify product offerings consistent with the company values of growth and service to its customers. 

Job Summary 

This role is responsible for overseeing plant inventory valuation while assisting corporate accounting operations, inventory accuracy, analyzing standard costs and executing internal controls and compliance. The Inventory Cost Accounting Senior Analyst will partner with plant operations, engineering and purchasing to develop, review and maintain standard costs. 

 

The Inventory Cost Accounting Senior Analyst is an individual contributor who will interact closely with manufacturing, purchasing, new product development and finance to deliver timely information around inventory cost and valuation accuracy while establishing a workflow for item master accuracy. 

This job is for you if…  

  • You are a motivated, self-starter who desires success 
  • You work in an in-person team environment and leverage additional resources as needed 
  • You have an analytical mind and like digging into variances and developing processes 
  • You can demonstrate flexible and efficient time management and to appropriately prioritize workload   
  • You possess a thorough understanding of the manufacturing workflow and standard costing 
  • You are detail-oriented and have excellent follow-through skills 

Key Responsibilities 

  • Perform inventory valuations and inventory reserve calculations 
  • Work with Operations and Purchasing to set standard costs  
  • Calculation of resin related rebates, credits, and provide related monthly usage analysis 
  • Execute cost-volume-profit (CVP) analysis 
  • Perform inventory and related account reconciliations 
  • Recommending changes around processes and policies to reduce cost and maximize profit 
  • Ownership of the capitalized variance calculation and intercompany margin elimination 
  • Ownership of annual physical inventory and development of cycle count process 
  • Report summary of physical inventory adjustments 
  • Review item master accuracy and validate expected fields are consistency populated 
  • Pricing and margin review and analysis 
  • Monitor inventory transactions for errors in unit of measure, costing and transaction type 
  • Assist with business acquisitions and system integrations related to standard costs, bill of materials and routings 
  • Review PPV and partner with other departments to resolve inventory valuation and purchase price issues 
  • Perform assigned month-end close duties including, but not limited to, calculating accruals, calculating overhead burden rate, entering journal entries and reconciling general ledger accounts 
  • Develop gross margin reporting to identify item costing deficiencies and develop processes to fix and maintain the accuracy of inventory valuation for active items and new business acquisitions 
  • Assist with annual financial audit and interim audit procedures 
  • Assist in the implementation of internal controls including evaluating, recommending, maintaining and monitoring appropriate internal controls 
  • Participate in system enhancements and integration efforts throughout the organization 
  • Interact with internal and external stakeholders in responding to inquires or Powerlink financial data reporting and ad hoc reporting requests 
  • Consistently support compliance by maintaining the privacy and confidentiality of information, protecting the assets of the organization, acting with ethics and integrity, reporting non-compliance, and adhering to applicable federal, state and local laws and regulations, accreditation and licensure requirements (if applicable), and the Company’s policies and procedures 
  • Other duties deemed necessary to support the Company’s business operations 

Knowledge, Skills and Abilities 

  • Strong technology skills, including proficiency with Excel, Outlook, Word, PowerPoint and ERP systems 
  • Ability to work in fast-paced, changing and growing environment 
  • Excellent verbal, written, and communication skills 
  • Advanced understanding of standard costs in a manufacturing environment 
  • Excellent interpersonal skills 
  • Ability to execute tasks independently and meet assigned deadlines in a timely manner 
  • Possess strategic thinking and problem-solving skills 
  • Ability to read, write and speak English fluently 

Minimum Education and Experience Required: 

  • Bachelor’s degree in accounting 
  • 6+ years of progressive accounting experience (GL, reporting, costing, public accounting) 

Special Job Requirements: 

  • Must be flexible to work extended hours during month-end close and year end close. 

Preferred Qualifications: 

  • Manufacturing/assembly/ distribution background 
  • Infor XA system experience a plus 
  • CPA is a plus, but not required 
  • Month-end close experience including the creating and posting of journal entries 
  • Balance sheet reconciliation preparation 

 

Physical Requirements  

While performing the duties of this job, the employee is regularly required to make coordinated movements of the fingers for data entry on a keyboard. Ability to occasionally lift, pull/push up to 40 pounds. Corporate office environment.  

 

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. 

 

AAP/EEO Statement  

Tank Holding provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, creed, ancestry, sexual or affectional orientation, marital or veteran status, color, religion, sex, national origin, age, disability, genetics, status with regard to public assistance or any characteristic protected under federal, state or local law. 

 

Other Duties 

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.