Cost Accountant
1 month ago
Job Description:
- Reporting to the Finance Manger, the Cost Accountant will be supporting cost and management accounting, financial reporting and analysis, month-end financial closing, and audit.
- The role requires strong communication skills and critical thinking.
- Responsibilities:Cost Management
- Manages inventory including physical to perpetual to general ledger reconciliations, journal entries, audit explanations, and standard costs.
- Manages preparation and execution of annual standard cost roll.
- Manages preparation of annual labor and overhead rates.
- Manages processes involving establishment of standard costs of new parts, and review and analysis of standard costs for existing parts.
- Manages preparation and analysis of warranty costs and reserves,
- Manages preparation and analysis of E & O reserves.
- Analyzes the purchase price variance general ledger account.
- Audits cycle count activity and provides support to the materials group in root causes and corrective actions.
- Manages preparation and research on sales and gross margin reporting to the customer/product level.
- Assists in the annual financial planning and budgeting processes.
- Reports out on labor and spend on Engineering projects.
- Provides cost support to cross functional areas as requested.
- Maintains the integrity and accuracy of product cost data.
- Perform ad-hoc analysis as required.
- General Accounting
- Prepares account reconciliations.
- Performs monthly closing activities including preparation of journal entries.
- Supports other finance positions as needed.
- Assists FP&A when required.
- Financial Reporting/Sox
- Assists in SOX compliance audits, internal and external audits.
- Documents work instructions for all processes and tasks.
- Financial Systems
- Ensures SAP system integrity and accuracy of general ledger and cost accounting data.
- Develops financial reporting utilizing the financial systems (HFM, One Stream, SAP)
- Bid Support
- Provides support for bids on new contracts.
- Manages cost accounting requirements in support of sales & marketing and customer service sales quotation process.
- Requirements:SAP experience a plus
- HFM/One Stream experience a plus
- Knowledge of Microsoft Excel
- Strong analytical and organizational skills
- Adaptability to manage multiple and varied tasks
- Ability to work with individuals and teams at all levels of the organization
- Education:Typically requires a University Degree and minimum 5 years prior relevant experience.
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