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Cost Control Specialist

2 months ago

Lompoc, California, United States The Ladders Full time
Position Overview

The Cost Control Specialist with ERP Expertise is essential in evaluating, overseeing, and managing expenses linked to production operations, inventory oversight, and overall business functions. This role demands exceptional analytical capabilities, proficiency in ERP platforms, and the ability to work collaboratively with diverse teams to deliver precise cost evaluations, financial perspectives, and strategic guidance.

Compensation Range: $80K - $120K

Core Responsibilities

The primary duties encompass, but are not limited to, the following:

Key Functions:

- Employ ERP software systems to sustain and refresh cost accounting documentation, including standard pricing, cost distributions, and financial segments.

- Evaluate production expenses, such as raw materials, labor, overhead, and discrepancies, to guarantee the accuracy and thoroughness of cost information within the ERP framework.

- Formulate and uphold standard cost models for all offerings, integrating elements like material expenses, labor costs, overhead charges, and production discrepancies.

- Generate and scrutinize cost variance reports, juxtaposing actual expenditures against standard costs and pinpointing discrepancies, trends, and underlying causes.

- Collaborate with manufacturing, purchasing, and engineering departments to probe cost discrepancies, uncover cost-saving opportunities, and execute corrective measures.

- Conduct routine inventory reconciliations and perform cost of goods sold (COGS) assessments to ensure precise inventory valuation and sales costs.

- Aid in the budgeting and forecasting processes by delivering cost projections, analyzing trends, and recognizing risks and opportunities.

- Contribute to the formulation of cost reduction strategies and ongoing improvement initiatives to boost operational efficiency and minimize expenses.

- Engage in ERP system implementation projects, upgrades, and enhancements related to cost accounting functionalities.

- Ensure adherence to accounting standards, regulatory obligations, and internal controls concerning cost accounting and financial reporting within the ERP system.

Required Qualifications (Knowledge, Skills, and Abilities)
  • Bachelor's degree in accounting, finance, or a related discipline.
  • A minimum of 5 years of progressive experience with ERP software systems.
  • Demonstrated experience in cost accounting, financial analysis, or related positions within a manufacturing or production context.
  • Strong analytical abilities with the capacity to interpret data, assess trends, and derive meaningful insights.
  • Exceptional organizational skills with meticulous attention to detail and the capability to manage multiple responsibilities and deadlines efficiently.
  • Effective communication and interpersonal skills, with the ability to collaborate with diverse teams and convey complex financial information clearly and succinctly.
  • Proactive problem-solving skills with a focus on continuous improvement and achieving results.
  • Knowledge of cost accounting principles, manufacturing processes, and inventory management concepts.
  • Experience with lean manufacturing principles, Six Sigma methodologies, or other process enhancement techniques is advantageous.
Physical Requirements and Work Environment

The physical demands outlined here are representative of those that must be met by an employee to successfully execute the essential functions of this role. Reasonable accommodations may be made to enable individuals with disabilities to perform the functions.
  • Ability to sit or stand for extended periods while performing accounting tasks.
  • Manual dexterity and precision to operate a computer/typing, calculator, and other office equipment.
  • Good vision and attention to detail for reviewing and analyzing financial documents and data.
  • Occasional lifting and carrying of boxes or files weighing up to 20 pounds.
  • Ability to communicate effectively, both orally and in writing, with team members and management.
Note

This job description does not imply that these are the only duties to be performed by the employee(s) in this position. Employees will be required to follow any other job-related instructions and perform any other job-related duties requested by authorized personnel. All duties and responsibilities are essential functions and requirements and are subject to possible modification to reasonably accommodate individuals with disabilities. To perform this job successfully, the employee(s) will possess the skills, aptitudes, and abilities to perform each duty proficiently. Some requirements may exclude individuals who pose a direct threat or significant risk to the health or safety of themselves or others. The requirements listed in this document are the minimum levels of knowledge, skills, or abilities. This document does not create an employment contract, implied or otherwise, other than an at-will relationship.