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Cost Accountant

1 month ago

Whittier, California, United States Miller Castings INC Full time
Job Title: Cost Accountant

Miller Castings INC is seeking a highly skilled Cost Accountant to join our team. The successful candidate will play a vital role in analyzing, monitoring, and controlling costs associated with manufacturing processes, inventory management, and overall operations.

Key Responsibilities:
  • Utilize ERP software systems to maintain and update cost accounting records, including standard costs, cost allocations, and cost centers.
  • Analyze manufacturing costs, including raw materials, labor, overhead, and variances, to ensure accuracy and completeness of cost data in the ERP system.
  • Develop and maintain standard cost models for all products/services, incorporating factors such as material costs, labor rates, overhead expenses, and production variances.
  • Prepare and analyze cost variance reports, comparing actual costs to standard costs and identifying variances, trends, and root causes.
  • Collaborate with production, procurement, and engineering teams to investigate cost variances, identify opportunities for cost savings, and implement corrective actions.
  • Conduct regular inventory reconciliations and perform cost of goods sold (COGS) analysis to ensure accurate valuation of inventory and cost of sales.
  • Support the budgeting and forecasting process by providing cost projections, analyzing trends, and identifying risks and opportunities.
  • Assist in the development of cost reduction strategies and continuous improvement initiatives to enhance operational efficiency and reduce costs.
  • Participate in ERP system implementation projects, upgrades, and enhancements related to cost accounting modules.
  • Ensure compliance with accounting principles, regulatory requirements, and internal controls related to cost accounting and financial reporting within the ERP system.
Requirements:
  • Bachelor's degree in accounting, finance, or a related field.
  • Minimum 5 years of progressive experience with ERP software systems.
  • Proven experience in cost accounting, financial analysis, or related roles within a manufacturing or production environment.
  • Strong analytical skills with the ability to interpret data, analyze trends, and draw meaningful insights.
  • Excellent organizational skills with attention to detail and the ability to manage multiple tasks and deadlines effectively.
  • Effective communication and interpersonal skills with the ability to collaborate with cross-functional teams and communicate complex financial information clearly and concisely.
  • Proactive problem-solving abilities with a focus on continuous improvement and driving results.
  • Knowledge of cost accounting principles, manufacturing processes, and inventory management concepts.
  • Experience with lean manufacturing principles, Six Sigma methodologies, or other process improvement techniques is a plus.