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Cost Accountant

2 months ago

Cleveland, United States Staffing Solutions Enterprises Full time
SUMMARY
The Cost Accountant assists the Senior Accountant in the establishment and maintenance of standard costing on components. This position will participate in the preparation of financial statements during month end and the required analysis of these statements. This position will also interface with internal and external auditors to evaluate and resolve audit schedules and questions.

Salary: $60 - 90K

ESSENTIAL DUTIES AND RESPONSIBILITIES
  • Assists the Senior Accountant in the analysis of manufacturing plant variances to standard costs and budgets, including: operational spending reporting, material price/quantity, labor, efficiency/rate, and burden variances.
  • Provides support to the Senior Accountant for key cost accounting functions, including inventory valuation, excess and obsolescence reserve calculations, monthly inventory reconciliation, cycle counting, and coordination of annual physical observations with external audit team. Comfortable spending time on the shop floor to execute these functions.
  • Coordination with the supply chain team and monitoring of PPV.
  • Assists in the analysis to address cost related topics to include items such as scrap and obsolescence.
  • Provides support to the Senior Accountant in rolling standard costs for parts needing to be updated on an as needed basis.
  • Support the annual standard cost roll process.
  • Assist with interactions with external audit team on cost accounting topics.
  • Assist with the Coordination with the internal audit team on cost accounting internal control items.
  • Provides support for the Senior Accountant including analysis on standard cost of product, margins, and inventory.
  • Participate in cross-functional teams supporting New Product Development, including time studies or observations on new jobs alongside and Engineer.
  • Assist with Preparation of all necessary month-end journal entries to inventory and cost of sales.
  • Assists in month end close process by providing analysis of results as guided by the Senior Accountant and Division Controller

EDUCATION and/or EXPERIENCE
  • Bachelor's degree in accounting/finance from accredited university;
  • 4+ years of hands-on cost accounting experience preferably in a manufacturing environment.
  • Accounting - understanding of basic accounting concepts US Generally Accepted Accounting Principles (GAAP)
  • Familiarity with SAP strongly preferred, or other ERP system
  • High proficiency skills in Excel, Word, and data extraction/manipulation, including skills such as pivot tables, VLOOKUP's, etc.