Cost Accountant
4 weeks ago
Job Title: Cost Accountant
Department: Finance
Reports To: Manager, Cost Accounting
FLSA Status: Exempt
Company Overview:
Comtech Telecommunications Corp. is a leading global technology company providing terrestrial and wireless network solutions, next-generation 9-1-1 emergency services, satellite and space communications technologies, and cloud-native capabilities to commercial and government customers around the world. Our unique culture of innovation and employee empowerment unleashes a relentless passion for customer success. With multiple facilities located in technology corridors throughout the United States and around the world, Comtech leverages our global presence, technology leadership, and decades of experience to create the world’s most innovative communications solutions. For more information, please visit www.comtech.com.
Purpose:
As the Cost Accountant you will be responsible for maintaining and evaluating the standard costs of raw materials, WIP (work-in-progress) and finished goods inventories through the assessment of bill of materials (BOMs), labor routings and overhead expenses. You will ensure that costs are allocated according to established procedures and will analyze purchasing and/or manufacturing variances to ensure accuracy while resolving issues in a timely manner. You will prepare reports for management and perform ad-hoc analysis that could include cost savings initiatives, cost estimates on new products, and /or product time efficiencies. You will update standard cost as needed and ensure that costs are compliant with generally accepted accounting principles.
Responsibilities:
- Works closely with operations teams to ensure accurate COGS and inventory tracking
- Maintain and roll-up standard costs in a fully integrated ERP system (M2K - Epicor Manage 2000)
- Review BOMs and labor routing costs to ensure their accuracy
- Establish standard material costs for all purchased inventory items
- Analyze / review PPV (Purchase Price Variances), overissues, and shortages
- Support the development and documenting standard labor and overhead rates
- Analyze / review all production work order variances and identify / recommend solutions for large discrepancies in material, outplant, labor, and overhead, etc.
- Prepare/ analyzes reports on inventory impairment such as scrap, shrinkage, and obsolescence
- Plans and supervises physical inventories and weekly cycle counts
- Reconcile stockroom, vendor owned, and intercompany inventories along with reserve accounts.
- Reporting for inventory by sales code, plant labor, and FX currency,
- Assist with reporting with royalties on sales, warranty charges, and the India & Beijing service centers.
- Month end system close rotational responsibly
- Participates in various audits including financial and SOX audits
- Highly proficient in the use of MS Excel
- Attention to detail and awareness of importance in work integrity
Requirements:
- Bachelor's degree (B. A.) in Accounting or related field.
Comtech Telecommunications Corp. is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.
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