Cost Analysis Specialist

1 week ago


Houston, Texas, United States Martin Foods Full time

Job Type

Full-time

Position Overview

The company, Martin Foods, is in search of a dedicated and detail-oriented Cost Accountant. This role is pivotal in conducting variance analysis and fostering daily collaboration with the operations management team and production personnel to enhance continuous improvement and execute business strategies. The successful candidate will analyze manufacturing expenses, compare standard versus actual production costs, and maintain and scrutinize manufacturing data related to inventory. Additionally, the role involves assisting with forecasts and budgets, as well as evaluating profit margins for financial reporting and pricing strategies.

  • Ensure the accuracy of manufacturing costs and cost of goods sold.
  • Conduct variance analysis on manufacturing costs, gross margins, inventory levels, and expenditures to identify root causes and implement corrective actions for process enhancement.
  • Review labor and overhead costs to regularly update standard costing models, ensuring alignment with actual production expenses.
  • Examine bills of materials and labor routings to guarantee costing precision.
  • Calculate costs for new and proposed products in collaboration with R&D teams.
  • Manage relevant ERP cost system modules.
  • Support plant management in cost-saving and profit enhancement initiatives, establishing savings tracking models and providing financial insights for strategic projects.
  • Share best practices with team members and serve as a backup during absences, while also cross-training colleagues as necessary.
  • Collect cost data to assist in developing forecasts and budgets.
  • Lead financial operations in inventory management by creating and refining control policies, procedures, methods, and systems.
  • Develop and maintain a weekly reporting framework that includes inventory trends, absorption analysis, and metrics on utilization, efficiency, and productivity.
Note
  • This job description is not exhaustive. Employees may perform other related duties as required to meet the ongoing needs of the organization.
Qualifications and Education Requirements
  • Bachelor's degree in accounting, finance, or a related field.
  • Demonstrated experience as a Cost Accountant, Cost Analyst, or similar role, preferably in the manufacturing industry.
  • Familiarity with bills of materials, manufacturing routers, and process improvement concepts.
  • Knowledge of cost accounting principles and the ability to assess, measure, and enhance the effectiveness of accounting and operational controls.
  • Professional demeanor with the ability to perform well under pressure, working independently as well as part of a team.
  • Proficiency in Microsoft Office, particularly Excel, and experience with ERP systems.


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