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Cost Accountant

2 months ago

Chanhassen, United States Federal Package Network, Inc. Full time
Job DescriptionJob Description

Job Summary
The Cost Accountant will be responsible for analyzing, monitoring, and reporting on the costs associated with manufacturing processes, products, and operations within a company. They will perform assessments and offer explanations for inconsistencies related to work in progress and transactions within the ERP system. Subsequently, they will compile the findings into a report to succinctly clarify and explain the data and share them among teams.

Duties and Responsibilities

  • Comprehend and perform analysis of transactions within the ERP system to determine the impact on the company’s financial performance.
  • Oversee the creation of Item Masters, Bills of Materials (B.O.M.) and Production Routings.
  • Assess Work In Progress to ensure precise allocation of labor and materials and proactive analysis of variance categories such as material usage, purchase price, and freight.
  • Execute month-end system closing transactions and reconciliation of General Ledger accounts.
  • Monitor capital expenditures and assist with monthly depreciation entries.
  • Assist in overseeing inventory management, including monitoring levels, conducting standard cost changes, reconciling discrepancies, reviewing weekly cycle counts, and assisting in leading the annual physical inventory process.
  • Prepare and present financial reports, cost analysis reports, and other management reports to support decision-making.
  • Help maintain data integrity within the ERP system ensuring consistency and providing support to all departments when changes are requested for new or updated information.
  • Collaborate with departments such as Operations, Sales, and Supply Chain to gather relevant data, analyze cost drivers, and implement cost-saving initiatives.
  • Provide support and guidance to the finance team as an indirect leader by offering assistance and addressing their inquiries.

Education and Experience:

  • Bachelor's degree in accounting, finance, business administration, or a related field.
  • 3-5 years of Cost Accounting experience in a manufacturing environment with a progressive increase in responsibility.
  • Experience in serving as the subject matter expert in ERP systems for cost accounting functions and transaction flows across departments.
  • Administration and usage of Microsoft Power BI, Power Query, or other analytics tools preferred.
  • Experience reading and writing M or SQL code preferred.

Skills and Proficiencies

  • Knowledge of ERP systems and asset tracking software.
  • Capable of speaking, presenting, and interacting with all levels in the organization.
  • Strong proficiency in Microsoft Excel and other Microsoft Suite Products.
  • Knowledge and understanding of GAAP.
  • Motivated and proactive individual with a strong sense of initiative.
  • Exemplary ethics and integrity, with the capacity to handle sensitive and confidential data.
  • Effective communication and interpersonal abilities.
  • Focused on details and committed to accuracy.
  • Strong time management, organization, and prioritizing skills.
  • Adept at managing multiple tasks under pressure with tight deadlines.
  • Availability for overtime work to meet month-end demands.

COMPANY BENEFITS

  • Medical, Dental & Vision Insurance
  • Flexible Spending Account
  • Dependent Care Account
  • Paid Time Off (PTO)
  • Company Paid Short-Term Disability, Long Term Disability, & Life/AD&D
  • 401k contributions
  • Summer Flex Time
  • Volunteer Time Off
  • Bereavement Time Off
  • New Parent Paid Leave
  • And more