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Cost Control Specialist

2 months ago

Bismarck, North Dakota, United States Valentine Recruiting Full time

Industry: Manufacturing & Production
Job Category: Finance / Accounting - Budgeting / Cost Control

Valentine Recruiting is representing a prominent client in the manufacturing sector, seeking a Senior Cost Analyst to enhance their Specialty Materials division. This position is pivotal in managing financial operations at the production facility.

The Senior Cost Analyst will be instrumental in developing operational rates, conducting cost analysis, overseeing month-end financial reporting, and managing inventory transactions. This role serves as the financial authority for the site, contributing to strategic decision-making and facilitating month-end closing processes. Additionally, the analyst will engage in process enhancements and project-oriented tasks.

Key Responsibilities:

  • Act as the primary source for financial data and insights at the facility.
  • Oversee inventory batches, address discrepancies, and ensure accurate accounting practices throughout the production cycle.
  • Assist in the annual budgeting process for both variable and fixed costs, including departmental expense forecasts.
  • Support the month-end closing procedures.
  • Lead the annual physical inventory assessment and assist with the cycle counting program.
  • Collaborate with plant finance teams to analyze cost variances and strive for cost reduction.
  • Prepare and review monthly financial reports and analytics in conjunction with operations.
  • Partner with operational teams to monitor and report on cost-saving initiatives.
  • Evaluate ROI and financial implications for capital projects and significant maintenance activities.
  • Regularly assess labor and overhead rates.

Basic Qualifications:
- Bachelor's degree in Accounting or Finance.
- A minimum of 3 years of experience in accounting or cost analysis within a manufacturing environment.
- Proficiency in managing inventory transactions.

Preferred Qualifications:
- Experience in accounting for a multi-location, mid-sized to large organization.
- Background in process manufacturing.
- Familiarity with ERP systems relevant to manufacturing (experience with Oracle is advantageous).
- Knowledge of SQL.
- Previous project management experience.

Skills:
- Self-motivated with the ability to lead and communicate effectively across various functions and organizational levels.
- Capable of simplifying finance/accounting concepts for non-financial managers.
- Ability to embrace and drive change.
- Detail-oriented, highly organized, and adept at managing multiple tasks with minimal oversight.
- Understanding of inventory reserves.
- Strong analytical, problem-solving, and decision-making abilities.

Compensation:
- Base Salary: $80,000 to $105,000 USD
- Employment Type: Full-time
- Benefits: Comprehensive
- Relocation Assistance: Available
- Commission Compensation: Not applicable
- Bonus Eligibility: Not applicable
- Overtime Eligibility: Not applicable
- Interview Travel Reimbursement: Provided

Candidate Profile:
- Experience: 2 to 5 years
- Seniority Level: Associate
- Management Experience: Not required
- Minimum Education: Bachelor's Degree
- Willingness to Travel: None

Ideal Candidate:
The ideal candidate will possess over 3 years of experience in cost accounting, particularly within a manufacturing context.