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Cost Control Specialist

2 months ago

Perryville, Missouri, United States Toyoda Gosei Americas Full time

SUMMARY

The Cost Control Specialist plays a vital role in delivering comprehensive cost analysis reports to management, encompassing profit assessments across various divisions and product lines. This position is responsible for establishing and managing product costs through a series of essential tasks.

KEY RESPONSIBILITIES include, but are not limited to, the following duties. Additional responsibilities may be assigned as needed.

Primary Focus Areas:
Cost management, operational enhancement, and issue resolution.

Conducts in-depth analyses that yield detailed insights not captured by general accounting systems, aimed at determining the costs associated with business activities, including raw material procurement, inventory management, labor costs, and more.

Evaluates modifications in product design, raw materials, manufacturing techniques, pricing structures, or services offered to assess their impact on overall costs.

Delivers reports to management that specify and compare elements influencing pricing and profitability of products or services.

Establishes product costs based on standards derived from process plans.

Prepares profitability analyses segmented by manager, product line, or customer.

Maintains the standard cost system, which involves updating cost standards regularly.

Collaborates with other departments to ensure accurate record-keeping related to inventory, production, and product rejections.

SUPERVISORY ROLE

This position does not entail supervisory responsibilities.

QUALIFICATIONS To excel in this role, candidates must demonstrate the ability to fulfill each essential duty effectively. The qualifications outlined below represent the knowledge, skills, and abilities required. Reasonable accommodations may be provided to enable individuals with disabilities to perform essential functions.

EDUCATION and/or EXPERIENCE

A Bachelor’s degree in Accounting or Finance from an accredited institution; or one to two years of relevant experience and/or training; or an equivalent combination of education and experience.

LANGUAGE PROFICIENCY

Ability to comprehend and interpret documents such as safety guidelines, operational instructions, and procedural manuals. Proficient in writing routine reports and correspondence. Capable of effectively communicating before groups of customers or organizational employees.

TECHNICAL PROFICIENCIES

Proficient in account reconciliation, cost analysis, and month-end closing responsibilities.

Familiarity with Microsoft Word, Outlook, and Excel is essential.

MATHEMATICAL ABILITIES

Competence in performing basic arithmetic operations, including addition, subtraction, multiplication, and division using whole numbers, fractions, and decimals. Ability to compute rates, ratios, and percentages, as well as interpret bar graphs.

REASONING SKILLS

Ability to apply common sense reasoning to execute instructions provided in written, oral, or diagrammatic form. Capable of addressing problems involving multiple concrete variables in standardized situations.

CERTIFICATIONS

CPA certification is recommended but not mandatory.

ADDITIONAL SKILLS AND CAPABILITIES

A Bachelor’s degree in Accounting or Finance is required.

3-5 years of experience in cost accounting is essential.

Excellent communication skills are necessary for collaboration with various departments on cost management initiatives.

In-depth knowledge of personal computers is required for generating reports, including various types of charts and graphs.

Strong analytical and problem-solving skills are essential.

PHYSICAL REQUIREMENTS
The physical demands outlined here are representative of those that must be met by an employee to successfully perform the essential functions of this role. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.


While executing the responsibilities of this position, the employee is regularly required to sit and utilize hands for tasks such as touching, handling, or feeling. The employee frequently engages in verbal communication and listening. The employee may also be required to stand, walk, reach with hands and arms, and perform actions such as stooping, kneeling, crouching, or crawling. Occasionally, the employee must lift and/or move items weighing up to 25 pounds. Specific vision capabilities required for this role include close vision, distance vision, and the ability to adjust focus.



WORK ENVIRONMENT
The characteristics of the work environment described here are representative of those an employee may encounter while performing the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.


While fulfilling the duties of this role, the employee may be occasionally exposed to moving mechanical parts, high or precarious locations, fumes or airborne particles, and varying weather conditions.

The noise level in the work environment is typically moderate.