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Cost Analysis Specialist
2 months ago
Position Overview:
About Berry Global: At Berry Global Group, Inc., we are dedicated to creating innovative packaging and engineered products that enhance the quality of life for individuals and the environment. Our commitment to sustainability and innovation drives us to serve a diverse clientele worldwide. With a workforce of over 40,000 talented individuals across more than 250 locations, we collaborate with our customers to design and manufacture cutting-edge products, focusing on a circular economy. For further insights, please visit our website.
ROLE PURPOSE: The Cost Accountant will evaluate material, labor, and other expenditures to ascertain production costs, cost of goods sold (COGS), and other cost-related performance metrics. This role involves capturing and categorizing cost data to determine expenses associated with products, projects, or departments. The selected candidate will provide cost-related information to support business decisions and financial reporting. Additionally, the individual will participate in or oversee regular inventory cycle counts.
Key Responsibilities:
- Conduct comprehensive research and analysis to establish and maintain precise Bill of Materials, routings, and product standard costs.
- Generate cost estimates for new products, formulation changes, cost reduction initiatives, and comparative analyses.
- Manage full item setup, ensuring the preparation of accurate bill of materials, routings, and standard costs.
- Utilize JD Edwards and Excel cost sheets to verify cost accuracy and implement corrective measures as necessary.
- Process item setup changes in accordance with Item Change Requests, Process Specifications, and other approved modifications.
- Compile weekly/monthly reports as required.
- Perform weekly tasks, including resin cost verification, variance reports, journal entries, and planning cost updates.
- Assist in the monthly financial closing process, including journal entries and reporting tasks.
- Engage in additional financial projects and analyses under the guidance of the Cost Accounting Supervisor/Controller.
- Analyze fully reserved On Hold/SMOOG inventory monthly to determine its disposition.
- Support the preparation of the annual financial budget as needed.
- Participate in the annual physical inventory process.
- Execute other duties as assigned.
Qualifications:
- Bachelor's degree in Accounting is required, along with a minimum of 3 years of experience in Cost Accounting.
- In-depth knowledge of Cost Accounting principles, JD Edwards (preferred but not mandatory), and Excel is essential.
