Cost Management Specialist
2 weeks ago
Position: Cost Management Specialist
Summary:
The Cost Management Specialist is responsible for a range of activities aimed at ensuring the precision of the organization's cost information and, consequently, its financial statements. This role provides essential accounting and administrative support to the finance department while delivering financial insights to aid the operations team.
This position reports directly to the Assistant Controller for Cost Management.
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 relay 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 a variety of journal entries associated with inventory and allocations
- Contribute to the monthly analysis and presentation of financial data related to inventory
- Support the annual budgeting process and ongoing forecasting initiatives
- Enter, review, and amend inventory adjustment transactions in NetSuite
- Maintain quarterly cycle count classifications and listings for selection purposes
- Calculate the monthly capitalization rate for inventory received from international sources
- Assist with internal and external audits by providing necessary documentation and inventory count support
- Adhere to established standards, procedures, and relevant regulations
- Perform any additional tasks as assigned by the Supervisor
Required Competencies:
- Ability to manage multiple priorities and tasks effectively
- 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 focus on time management
- Detail-oriented and adept at functioning in a dynamic office environment
- Eager to learn new concepts and methodologies
- Able to explain accounting principles to individuals without an accounting background
- Strong interpersonal skills
- A curious mindset with a penchant for critical thinking
Qualifications:
- Bachelor's Degree in Accounting or Finance
Work Schedule:
Full-time (40 hours per week), primarily onsite
Job Posted by Rimports-
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