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Senior Cost Accountant/Cost Accounting Manager

1 month ago

Santa Clarita, United States Consultative Search Group Full time
Job DescriptionJob Description
  • The Cost Accountant, with support from management, will be responsible for all activities related to costing including the administration of the Company's cost accounting system, standard cost development and cost activities including reporting and inventory management. This position will also be responsible for other general staff accounting areas including variance analysis and balance sheet reconciliations. The ideal candidate will have a good solid understanding of how standard costing systems work and a good base on general accepted accounting principles. We are a fast-growing manufacturing company. This candidate will have the opportunity to work for a dynamic organization.
  • This position reports to the Controller and works closely with other accounting professionals in the department. This position manages, facilitates, and acts as primary liaison to other internal functional areas as it relates to standard costs. There are no direct reports for this position.


Duties and Responsibilities:

General

  • Support General and Cost Accounting functions for manufacturing facility
  • Helps maintain standard costs/inventory valuation and assist with Bill of Materials

Task Transactions

  • Validate and reconcile month-end inventory balances and prepare monthly closing entries.
  • Partner with manufacturing operational and supply chain functions to drive improvement regarding make vs. buy decisions, machine and labor utilization, material cost savings, working capital reductions and other operational improvement initiatives.
  • Maintain accuracy and integrity of cost standards by reviewing product standard costs and evaluating routings, costs and assumptions used in product bill of materials.
  • Update product standard costs periodically, including the review and processing of standard cost rolls.
  • Ensure accuracy of inventory reported through reconciliation of cost activity/transactions and cycle count programs.
  • Responsible for supporting cycle count program as well as the coordination of the annual physical inventory.
  • Investigate and implement corrective actions regarding operational variances including, but not limited to production order, overhead, purchase price and scrap variances.
  • Provide cost estimates for new products.
  • Record monthly in-transit inventory from 3rd Party suppliers and to/from intercompany entities.
  • Ensure Company policies and procedures are adhered to and comply with US GAAP standards.

Reporting

  • Assist in variance explanations for monthly, quarterly and annual financial statements.
  • Prepare, research and provide cost center variance reports for review.
  • Provide daily and monthly consolidated inventory reports.
  • Provide weekly variance and utilization reports to assist in variance explanation and with the development of corrective action plans.
  • Provide weekly material pricing reports to assist in variance explanation and correction.
  • Communicate variances and significant issues to Management Team and Operations.
  • Provide Annual Physical Inventory Report comparing physical inventory to perpetual.


Qualifications and Skills:

  • Bachelor's Degree in Accounting or Finance is required
  • 5+ years' accounting experience in a manufacturing environment preferred
  • Experience in standard costing is highly preferred, open to someone with strong G/L and understanding/desire for Cost Accounting, variance analysis, problem solving by walking the shop floor, partnering with operations and engineering
  • Experience with Oracle and experience in a cross-functional environment are a plus
  • Self-directed, highly professional and collaborative
  • Strong verbal and written communication skills
  • Strong critical thinking and problem solving skills
  • Comfortable working through conflict to resolution
  • Sarbanes Oxley (SOX 404) experience is preferred

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