Cost Accountant

3 months ago

Piscataway, United States Strato Inc. Full time
Job DescriptionJob Description

The Senior Manufacturing Cost Accountant is responsible for managing and maintaining the cost accounting system and developing an understanding of the cost/profit drivers as it relates to the various products. This role will work cross-functionally to ensure a proper understanding of the product level costs. This is a high visibility role that will support a better internal understanding as to the true factors that will drive profit maximization.

Reporting Relationship: This position reports to Senior Manager of Accounting and Finance

Responsibilities:

  • Establish and control reporting for item level costing, including material, direct labor, tariff, freight, and overhead allocation per item and work with business unit leaders to understand these factors impacts on costs/margins
  • Perform routine analysis of major factors impacting product costs (material, freight, etc) while helping to find opportunities for improvement
  • Develop and maintain Business Unit level allocations and work with business unit leaders to help educate the internal team as to the true factors impacting BU profitability
  • Support monthly forecasting process around customer and product level margin forecasting
  • Collaborate with sales department to ensure pricing is incorporating correct costing assumptions
  • Preparation and analysis of customer and product level margin analysis
  • Lead physical inventory counts to ensure the accuracy of inventory records.
  • Assist in the compilation and creation of monthly financial reports for senior management as required.
  • Assist in the maintenance of policies and procedures for all cost accounting and inventory transactions; recommend changes in inventory levels when appropriate.
  • Participate in month-end, quarter-end and year-end close process and the yearly external audit review process.
  • Develop and expand a comprehensive understanding of Strato’s ERP system (Infor) processes related to cost and revenue.
  • Additional duties and responsibilities as assigned.

Education, Experience and Skills:

  • Bachelor’s or master’s degree in accounting or equivalent working experience.
  • 10+ years’ experience in the cost accounting field or an equivalent role.
  • Proficiency in accounting software and well acquainted with General Accepted Accounting Principles.
  • Exceptional ability to think critically and make decisions based on data analysis.
  • Superior knowledge of financial reporting software and ERP software, with a preference for experience with Infor Syteline
  • Excellent communication and presentation skills in discussing financial reports with company stakeholders.
  • Excellent attention to detail.
  • Collaboration and teamwork.

Work Location: Central New Jersey or Saginaw, TX.

About Strato, Inc.:

Strato has grown over 56 years evolving into a dynamic, innovative and customer service driven company that is a leader in the railroad and passenger transit industry. We develop, engineer and manufacture quality railcar products and currently employ over 130 people at our facilities in New Jersey, New York, China, Texas, India, Mexico, etc. It is our philosophy of “Exceed the Need” and continual improvement that drives us to seek new opportunities in products and services, as well as our growth commitment to our employees and community.

Company DescriptionAbout Strato, Inc.:
Strato has grown over 56 years evolving into a dynamic, innovative and customer service driven company that is a leader in the railroad and passenger transit industry. We develop, engineer and manufacture quality railcar products and currently employ over 130 people at our facilities in New Jersey, New York, China, Texas, India, Mexico, etc. It is our philosophy of “Exceed the Need” and continual improvement that drives us to seek new opportunities in products and services, as well as our growth commitment to our employees and community.Company DescriptionAbout Strato, Inc.:\r
Strato has grown over 56 years evolving into a dynamic, innovative and customer service driven company that is a leader in the railroad and passenger transit industry. We develop, engineer and manufacture quality railcar products and currently employ over 130 people at our facilities in New Jersey, New York, China, Texas, India, Mexico, etc. It is our philosophy of “Exceed the Need” and continual improvement that drives us to seek new opportunities in products and services, as well as our growth commitment to our employees and community.

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