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Sr. Cost Accountant
2 months ago
Here at Hydranautics, we believe that diversity is key to our competitive advantage. All qualified applicants will receive consideration for employment without regard to their race, color, religion, national origin, ancestry, sex, sexual orientation, age, disability, marital status, domestic partner status or medical condition. We are proud to be a Drug-free, E-Verify and EEO employer.
We are proud to offer a generous compensation and robust benefits package to include medical, dental, vision, life insurance plans, F.S.A. and H.S.A plans, Retirement plans (401k and ROTH), (12) Paid company holidays, generous PTO, tuition reimbursement and career development, Employee Assistance Plan and more.
JOB SUMMARY:
Under general guidance, perform a variety of multifaceted complex accounting functions, e.g., account/ledger analysis, cost accounting, account reconciliations and inventory evaluation. Prepare month-end close, semi-annual standard cost revisions, new item costing and budget planning. Analyze actual vs. budget and prepare periodic financial analysis related to inventory, material cost, manufacturing overhead, production, and work order variances. Participate in the preparation of financial audits to develop, implement, and maintain internal financial systems and processes. Partner with cross-departmental colleagues in establishing and providing recommendations for the process improvement and cost reductions in supporting the achievement of company goals. Collaborate with special projects on an ad-hoc basis.
ESSENTIAL DUTIES and/or RESPONSIBILITIES:
1. Creates month-end journal entries and reconciles general ledger accounts.
2. Calculates aged inventory reserves, research inventory and work order variances.
3. Analyzes monthly actuals of cost-of-goods sold and manufacturing with forecasted budget.
4. Collaborates with the accounting team in the preparation of monthly, quarterly, and annual corporate accounting reports.
5. Manages standard cost in organization's ERP system and analyzes Bill of Material (BOM) and allocates labor overhead to work orders.
6. Partners with accounting manager on the semi-annual cost and work center rate revisions and physical inventory count observations.
7. Participates in the semi-annual budget preparation with the accounting team.
8. Partners with accounting management in the preparation of Nitto monthly, quarterly, annual financial reporting packages, and prepares reports in response to external / internal audits.
9. Contributes to internal control actions, JSOX compliance testing and documentation.
10. Formulates and evaluates ad-hoc reports to sustain strategic projects.
11. Prepares ad-hoc reports utilizing the organizations' Enterprise Resource Planning (ERP) system for internal and external customers as necessary.
12. Other duties as assigned.
MINIMUM EDUCATION and/or EXPERIENCE:
1. Bachelor's degree in accounting, Finance or Business Administration, preferred; and 5 years' related experience, with 3 years in product costing and inventory control management required or an equivalent combination of education and experience.
2. Certified Public Accountant (CPA) candidacy, a plus.
KNOWLEDGE, SKILLS and/or ABILITIES:
- Working knowledge of General Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS) and Sarbanes-Oxley concepts and principles and the ability to apply them to a work environment.
- Good application of critical, analytical and research skills along with strong problem-solving skills.
- Solid verbal and written English communication skills to read and comprehend routine to moderately complex instructions, procedures, and correspondences.
- Strong planning, organizational and follow-through skills with an ability to work in a fast-paced environment.
- Demonstrated ability to handle highly sensitive confidential financial information in completing assignments and to abide with the organizations' business ethical standards.
- Must be able to add, subtract, multiply and divide in all units of measure using whole numbers, common fractions, and decimals; calculate figures and amounts such as discounts or interests.
- Excellent working knowledge of MS Excel spreadsheet software to quantify and illustrate moderately complex financial reports, statements, and/or projections including but not limited to Pivot Tables and V-Look Up functions.
- Working knowledge of accounting and/or financial software applications such as JD Edwards, OBI Reporting and Essbase, a plus.
- Ability to enter data with a high-level of accuracy, attention to detail and good follow-through and strong internal customer service skills.
- Proficient in prioritizing work to meet deadlines, and multi-task while maintaining flexibility in a fast-paced manufacturing team environment.
- Ability to work independently and foster a cooperative spirit within a large and/or small team of diverse cultures.
- Demonstrated ability to deal with problems involving several concrete variables in standardized situations and apply common sense understanding to carry out instructions furnished in a written or oral form.
- Bilingual or Multi-lingual in languages frequently used within the Nitto Group of Companies employees and/or customers, Japanese language a plus.
- Position works in an office environment involving prolonged sitting in front of a computer workstation.
- Sitting from 50% - 80% of the time; talking, hearing, seeing regularly up to 80%; fingering, grasping frequently 30%-50%; standing and walking frequently 20%-30%; reaching with hands and arms occasionally 10%-25%; lifting/pulling/pushing up to 15 pounds occasionally 5%-10%.
- Employees may need to use a keyboard for up to 50% of the time.
- Ability to work under demanding requirements and hard deadlines (e.g., month-end).
- Must be able to work extended hours per the demands of the business especially for month-end closing.
