Cost Accountant

1 week ago

Tukwila, United States Industrial Service Solutions Full time
Position Summary:

The Cost Accountant will perform advanced cost accounting analyses to compare estimated costs to actual costs and prepare a variety of related budget reports. The role requires collaboration within the accounting team as well as with various groups of the operations and sales teams.

Essential Duties and Responsibilities:
  • Reviews work order transactions to identify costing errors. Root Cause Analysis.
  • Analyzes cost variance analysis and compares actual to system standards for both material and labor.
  • Assists operations with ad hoc analysis on special projects.
  • Assists with month-end and year-end inventories.
  • Validate accuracy of the inventory balances at the item and transaction level.
  • Reviews, analyzes, and reports actual job profit margins.
  • Maintains the Work in Process ledger.
  • Performs month-end and year-end closings including journal entries and reconciliations. Inventory subledger to GL reconciliation and roll-forward by branch.
  • Provides product costing for pricing and business decisions. Cost budget - working with branch managers and define detailed material, labor and overhead.
  • Project cost control, Cashflow analysis, Contract / PO reconciliation.
  • Determines current cost of projects by confirming project budgets with project leadership, establishing standard reconciliation process, collecting contract and invoice data, and verifying progress and completion status of project.
  • Establish and maintain project budget tracking systems.
  • Reconciles transactions by project and correcting data.
  • Tracks and reports on status of project completion progress through monthly reporting, including actual cost, forecast costs, cash flow, variances, and gaps.
  • Inventory subledger to GL reconciliation and roll-forward by branch.
  • Weekly job/work-ticket/WIP profitability reviews and reconciliations - variance analysis budget vs actual by jobs.
  • Conduct physical inventories and monitor the cycle count programs.
  • Calculate slow moving and obsolescence reserve to be reviewed by the controller.
  • Stock reconciliations and co-ordination of stock. BVS branches do not use Sage to check if other branches have the parts needed for the job prior buying parts.
  • PSV certification inventory by warehouse.
  • Assist with annual audits.
  • Performs other related duties as assigned.
Qualifications:
  • 5+ years of cost accounting experience, preferably in an industrial manufacturing setting.
  • Bachelor's degree in accounting or finance.
  • Proven knowledge of bookkeeping and accounting principles, practices, standards, laws and regulations with GAAP experience required.
  • High attention to detail and accuracy. Ability to manipulate large amounts of data.
  • Must demonstrate ability to meet financial deadlines.
  • Must be proficient in utilizing and interpreting financial models and analyses.
  • Ability to manage multiple priorities effectively in a fast-paced, results oriented environment.
  • Strong verbal and written communication skills.
  • Expert Microsoft Office skills to include Excel and related computer applications.


The above job description is not intended to be an all-inclusive list of duties and standards of the position. Incumbents will follow any other instructions, and perform any other related duties, as assigned by their supervisor.

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