Cost Control Specialist

2 weeks ago


Houston, Texas, United States Martin Foods Full time

Job Type

Full-time

Position Overview

The organization, Martin Foods, is in search of a dedicated and skilled Cost Accountant. This role focuses on variance analysis and involves daily collaboration with the management team and production personnel to enhance continuous improvement and execute business strategies. The primary responsibilities include analyzing manufacturing expenses, comparing standard to actual production costs, and maintaining and evaluating manufacturing data related to inventory. Additionally, the Cost Accountant will assist in forecasting and budgeting processes, as well as analyzing profit margins for financial reporting and pricing strategies. The ideal candidate will have a strong attention to detail and the ability to work effectively across various departments.

  • Ensures accuracy in manufacturing costs and cost of goods sold.
  • Conducts variance analysis on manufacturing costs, gross margins, inventory levels, and expenditures, identifying root causes and implementing corrective actions to enhance business processes.
  • Regularly evaluates labor and overhead costs to update standard costing models, ensuring alignment with actual production expenses.
  • Reviews bills of materials and labor routings to guarantee costing precision.
  • Calculates costs for new and proposed products in collaboration with R&D teams.
  • Maintains relevant ERP cost system modules.
  • Supports plant management in cost-saving and profit enhancement initiatives, establishing savings tracking models and providing financial insights for strategic projects.
  • Shares best practices with team members and occasionally serves as a backup during absences, while also cross-training others as necessary.
  • Collects cost data to assist in the development of forecasts and budgets.
  • Leads financial operations in inventory management by creating and refining control policies, procedures, methods, and systems.
  • Develops and sustains a weekly reporting framework that includes inventory trends, absorption analysis, utilization, efficiency, and productivity metrics.
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 in a similar capacity, preferably within the manufacturing industry.
  • Familiarity with bills of materials, manufacturing routers, and concepts related to process improvement in manufacturing.
  • Comprehensive knowledge of cost accounting principles, with skills in identifying, measuring, evaluating, and enhancing the effectiveness of accounting, managerial, financial, and operational controls.
  • Maintains professionalism and demonstrates resilience under pressure, with the ability to work independently as well as collaboratively within a team.
  • Proficient in Microsoft Office, particularly Excel, and experienced with ERP systems.


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