Cost Accountant

2 months ago

West Memphis, United States Warren Oil Company Full time
Warren Oil is looking for a Cost Accountant for our corporate location in West Memphis, Arkansas. This is a great opportunity for a candidate looking to grow their career in accounting

The Cost Accountant is a key member of the Finance team and is responsible for manufacturing cost activities at 5 manufacturing facilities, including product costing, maintenance of plant overhead rates, production work order variances and various activities supporting monthly financial close. This role is expected to ensure accurate costs of products and give transparency to operational issues in the factory and assist with product pricing analysis as needed. This is a newly created position and will be based at the company's largest facility in West Memphis, Arkansas, reporting to the Corporate Controller.

Job Summary

The Cost Accountant will be responsible for determining, recording, and reporting unit costs factors, provide management with cost and comparative reports along with analyzing actual manufacturing costs and prepare periodic reports comparing standard to actual costs; analyze changes in raw material pricing and manufacturing overhead for effects on production costs; assist in developing, installing, and maintaining cost accounting methods and procedures. Duties will also assist with month end close and other related special projects. Support the accounting team and help create an environment of trust and productivity and continuous improvement. Provide demonstrated analytical and financial modelling skills, with the ability to translate complex situations into information that will support the profitability and growth of the business is required. This role is also key in helping with the development and tracking of Key Performance Indicators (KPI's) and related operational analysis and other areas as required.

Qualifications & Educational Requirements:
  • Minimum of 3 years' work experience as cost accountant in a manufacturing environment
  • Bachelor's degree in accounting, MBA a plus
  • Professional certification preferred, CPA or CMA
  • JD Edwards ERP experience preferred
  • Proficient in use of Microsoft Office suite, especially Excel, including macros, advanced formulas, and data analysis
  • Must have a strong understanding of generally accepted accounting principles and cost accounting
  • Detail oriented and excellent organizational and analytical skills
  • Team player with the ability to operate in a fast-paced and dynamic environment
  • Must possess a strong work ethic
  • Thorough knowledge of finance, managerial accounting, budgeting and cost control procedures
  • Strong organizational and time management skills
Duties and Responsibilities include the following:
  • Establish labor and overhead rates and classify costs accurately
  • Analyze work order variances and help maintain bills of material
  • Evaluate and maintain accurate standard costs
  • Assist in the improvement in internal controls related to inventory movement
  • Generate PPV reports and analyze findings
  • Evaluate actual production costs as compared to expected costs
  • Lead and manage inventory costing and reserves processes and systems
  • Understand assigned plant's inventory composition, customer base and its relationship with monthly sales to aid when addressing month-end or daily issues
  • Assist with plants annual physical inventory counts
  • Assist with month-end close process to include closing the month's inventory accounts in the most efficient manner, reconciling to ensure accuracy
  • Assist Accounts Receivable and Accounts Payable department with general ledger account coding on issues relating to assigned plants
  • Other special projects as required
Teamwork
  • Demonstrate and promote a spirit of cooperation and teamwork throughout the Company
  • Continually look for ways to improve our processes and ability to serve our customers effectively
  • Improve team and personal performance on a continual basis

Additional Notes

This position will require working overtime and occasional overnight travel.

About Us:

Warren Oil is the largest independent blender and packager of lubricants to the automotive, agriculture, commercial and heavy duty markets in North America. The company operates six manufacturing and packaging facilities, located in North Carolina, Alabama, Arkansas, Texas, Illinois, and Pennsylvania. Warren Oil markets its lubricants, both conventional and synthetic, domestically and internationally to over forty countries, under the WARREN brand, the LUBRIGUARD brand, the LUBRIGOLD brand and the ITASCA brand. Warren Oil also manufactures and markets private label products for a number of Fortune 500 companies in addition to manufacturing and marketing a full line of automotive and heavy duty chemicals, including anti-freeze and brake fluids, under its proprietary AUTOGUARD brand name.

We are an Equal Opportunity/Affirmative Action employer and will consider all qualified applicants for employment without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, age, protected veteran status, or disability status.

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