Senior Cost Accountant

3 weeks ago

Greenville, United States Abacus Full time

Description/Comment: ONSITE - SHIFT - MON-FRI 8 HOURS PER DAY FLEX ON TIMES - DURATION - THROUGH APRIL 2024.
This position supports commercial product costing and inventory, which involves analyzing financial data to determine the cost of business products and services. The role provides financial business partnering support to Production, Commercial Operations, Contract Services, and Supply Chain groups, as well as the broader Finance and Accounting team.
•Product Cost Coordination: Calculate, review and analyze direct hours, overhead costs and allocations, production rates, raw material costs and manufacturing process changes
•Overhead Count Analysis: Accumulate and apply overhead costs as required by generally accepted accounting principles
•Variance Analysis: Analyze actual production expenses and prepare periodic reports comparing standard costs to actual production costs
•Margin Analysis: Lead in developing and verifying data relevant to cost accounting and margin analysis

Responsibilities include, but are not limited to:
•Perform rate calculations to compare actual cost to standards and identify reasons for variances
•Establish and update standard costs for all commercial products
•Review and report variances between standard and actual costs
•Partner with product management team to develop, review, and maintain bill of materials and routings
•Lead in development of cost profiles for quotes and new product launches
•Support physical inventory counts, Cycle Count Program, and 3rd party CDMO inventory reconciliations
•Drive month-end closing activities, including, but not limited to, preparation of journal entries related to inventory valuations, preparation of monthly roll-forward reconciliations, and periodic reporting of production metrics and costs
•Partner with Commercial, Supply Chain, and Finance groups to identify inventory at-risk of obsolescence; and then assist in disposal of obsolete inventory as needed
•Own the Budgeting and Forecasting processes as it relates to inventory, absorption costing, purchasing and production variances, and capital treatment
•Drive cost improvement initiatives by Production and Supply Chain teams
•Support and assist internal department reporting requirements such as audit schedules, tax schedules and others
•Mentor/coach team members on an ad hoc basis.
•Special projects and ad hoc analysis as required

Education or Equivalent Requirements:
•Master's degree in Accounting/Finance
•Bachelor's degree in Accounting and at least 2 years of cost accounting experience
•Detailed understanding of Generally Accepted Accounting Principles standards, codes, and concepts
•Ability to show initiative and help drive impactful, data-driven decisions
•A critical thinker, analytical problem-solver with ability to interpret data
•Demonstrated proficiency with Microsoft Office suite of products, including advanced Excel modeling skills and PowerPoint skills to create professional presentations.
Physical Requirements:
•Requires the use of hands for simple grasping and fine manipulations
•Majority of work day is performed while sitting
•Ability to occasionally lift or carry maximum of 25 lbs unassisted Start Time: 12:00 AM Hours: 8:00am to 5:00pm Location: 143 1240 Sugg Parkway Greenville NC 27834 United States Education: dditional Job Details:

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