Cost Accountant

1 week ago

North Tonawanda, New York, United States Armstrong Fluid Technology Full time
Join Our Team as a Financial Operations Specialist

At Armstrong Fluid Technology, we're seeking a skilled Financial Operations Specialist to drive our financial operations forward. This role is pivotal in collecting, analyzing, and interpreting internal cost accounting data across all operational divisions.

Key Responsibilities:

  • Assist in maintaining and refining our standard cost system to ensure accuracy and relevance.
  • Execute month-end and year-end closing procedures related to Sales, Cost of Sales, and Manufacturing Variances. Prepare comprehensive reconciliations for Costs, Sales, and Inventory, and post necessary journal entries.
  • Conduct inter-company reconciliations, including markup schedules and resolving discrepancies in inter-company cost transactions.
  • Analyze margins across product lines and company divisions to identify opportunities for improvement.
  • Conduct annual and ad hoc cost rolls to update cost data and ensure alignment with operational realities.
  • Investigate and explain manufacturing variances, purchase discrepancies, and inventory adjustments, recommending corrective actions as needed.
  • Generate plant performance reports and analyze inventory turnover metrics to optimize operational efficiency.
  • Develop monthly flexible budgets and analyze spending variances to guide financial decision-making.
  • Monitor inventory movements, assess performance metrics, and calculate reserves in accordance with corporate policies.
  • Update material and operational cost data quarterly to reflect market changes and operational impacts.
  • Participate in annual physical inventory counts, ensuring accuracy and compliance with established procedures.
  • Oversee project closings on a daily, weekly, and monthly basis, collaborating with operational teams to resolve any issues promptly.

Additional Responsibilities:

  • Support the annual audit process by preparing work papers and schedules to facilitate smooth audit reviews.
  • Assist in the preparation of the annual Business Plan, contributing to financial planning, forecasting, and ad hoc analyses.
  • Collaborate with departmental and operational teams to resolve cost-related issues, including discrepancies and variances.
  • Drive process improvements in month-end reporting to enhance accuracy and timeliness of financial analyses.
  • Perform other duties as assigned to support organizational objectives.

What We're Looking For

To thrive in this role, you should bring:

  • University degree in Accounting, Finance or Commerce. Prefer CPA designated or close to become a CPA.
  • Thorough knowledge of generally accepted accounting principles and procedures and the ability to exercise independent judgement within systems and procedures.
  • Superior PC skills, including proficiency with Microsoft Excel and experience with Enterprise resource planning (ERP) systems.
  • A minimum of 5 years' recent experience in a cost environment within a complex manufacturing setting.
  • Strong analytical abilities and details oriented.
  • Be a team player.
  • Well organized and align priorities with department.
  • Good interpersonal capabilities and communication skills.

Why Armstrong Fluid Technology?

By joining us, you'll become part of a global community dedicated to pushing the boundaries of fluid-flow technology. You'll have endless opportunities to learn, grow, and make a significant impact on the world. Together, we'll build tomorrow's solutions today.

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