Cost Analysis Specialist
2 weeks ago
Overview:
The Cost Analysis Specialist is responsible for a range of activities that ensure the precision of Rimports USA LLC's cost information and, consequently, its financial statements. This position provides essential accounting and administrative support to the finance department while delivering financial insights to assist the operations team.
This role is under the supervision of the Assistant Controller for Cost Analysis.
Key Responsibilities:
- Conduct regular assessments of bills of materials (BOMs) in collaboration with the operations team.
- Oversee the inventory item master within our ERP system, including the creation of new items and adjustments to BOMs.
- Regularly calculate and communicate efficiency metrics across various product lines.
- Assist in the periodic evaluation of labor and overhead capitalization rates.
- Execute month-end account reconciliations to support the closing process.
- Prepare diverse journal entries associated with inventory and allocations.
- Contribute to the monthly analysis and presentation of financial data related to inventory.
- Support the annual budget formulation and ongoing forecasting initiatives.
- Enter, review, and rectify inventory adjustment transactions in NetSuite.
- Maintain quarterly cycle count classifications and listings for selection processes.
- Calculate the monthly capitalization rate for inventory received from international sources.
- Assist with internal and external audits by providing necessary documentation and support during inventory counts.
- Adhere to established standards, procedures, and relevant regulations.
- Perform any additional tasks as assigned by the Supervisor.
- Ability to prioritize and manage multiple tasks, including routine responsibilities and special projects.
- Self-driven with a positive outlook and a strong work ethic.
- Capable of working independently while also being an integral team member.
- Organized and reliable, with a strong emphasis on time management.
- Detail-oriented and comfortable in a dynamic office environment.
- Eager to learn new concepts and processes.
- Able to convey accounting principles to individuals without an accounting background.
- Strong interpersonal skills.
- A curious mindset that enjoys critical thinking.
- Bachelor's Degree in Accounting or Finance.
Full-time (40 hours per week), primarily on-site.
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