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Cost Analysis Specialist

2 months ago

Grand Rapids, Michigan, United States Nice North America LLC Full time
Job Overview

Join Nice North America, a prominent subsidiary of Nice S.p.A., a global leader in Home and Building Automation. Our mission is to create innovative solutions that simplify everyday life, ensuring a seamless experience in smart home control, security, and automation.

Located in Carlsbad, CA, Nice is dedicated to fostering an environment of continuous learning and professional development. Our team collaborates with skilled professionals to deliver pioneering solutions, backed by award-winning support and training programs.

As part of our commitment to community, we proudly support initiatives like the Gary Sinise Foundation R.I.S.E. program, which aids wounded veterans and their families through specially adapted smart homes.

Position Summary: The Cost Accountant is integral to overseeing and evaluating the cost framework of our manufacturing processes. This role encompasses comprehensive cost analysis, budgeting, and financial reporting to drive efficiency and profitability. The Cost Accountant collaborates closely with production, inventory, and finance teams to deliver actionable insights that support strategic decision-making.

Key Responsibilities:

  • Conduct thorough analysis and data collection to assess costs associated with business activities, including raw materials, inventory, and labor.
  • Evaluate and document the results of data analysis.
  • Examine modifications in product design, raw materials, and manufacturing methods to understand their impact on costs.
  • Review actual manufacturing costs and generate periodic reports comparing standard costs to actual production expenses.
  • Ensure compliance with Generally Accepted Accounting Principles (GAAP) in financial reporting.
  • Maintain accurate cost records to aid in expenditure control.
  • Analyze cost audits and prepare comprehensive reports.
  • Estimate costs for new and proposed products.
  • Provide management with detailed reports comparing factors influencing product pricing and profitability.
  • Oversee the Cost Accounting System.
  • Calculate essential metrics such as labor burden rates, overhead burden rates, and labor efficiency rates.
  • Assist in the month-end closing of the General Ledger.
  • Conduct physical inventories and manage the cycle count program.
  • Reconcile finished goods inventories.
  • Communicate effectively across all organizational levels.
  • Adhere to established organizational procedures in all tasks.
  • Undertake project-based assignments as required.

Qualifications:

  • A minimum of 4 years of relevant experience with a Bachelor's degree in accounting or finance; or 3 years of experience with a Master's degree; or an equivalent combination of education and experience.
  • CPA certification is advantageous.
  • Proficient in Microsoft applications (Excel, Word, PowerPoint, Access/SQL), with NetSuite experience preferred.
  • Experience in utilizing technology for complex financial consolidations.
  • Strong hands-on experience in financial modeling, problem-solving, analysis, and planning.
  • Exceptional attention to detail and problem-solving skills; ability to assess overall business impact.
  • Strong written and verbal communication skills.
  • Proven ability to manage multiple tasks and set priorities effectively.
  • Ability to engage professionally with co-workers, customers, and vendors.

Physical Requirements:

This role requires the following physical capabilities:

  • Ability to sit, talk, or hear; frequent use of hands for gripping or feeling; occasional standing, walking, reaching, stooping, kneeling, crouching, or crawling.
  • Vision and depth perception suitable for using a computer, printer, phone, and keyboard.
  • Manual dexterity for computer use.
  • Mobility and reflexes suitable for an office environment.
  • Ability to walk and/or climb occasionally, with or without reasonable accommodation.
  • Ability to sit at a computer for extended periods comfortably, with or without reasonable accommodation.
  • Light to moderate lifting capabilities.

Work Environment:

The characteristics of the work environment include:

  • Comfortable working in an office setting with moderate noise levels.
  • Primarily an open office layout with adequate lighting and controlled temperatures.

Tasks listed are intended to be descriptive and not restrictive. Employees may perform additional duties as necessary for the effective operation of the position and department.

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