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Cost Analysis Specialist

2 months ago

Whittier, California, United States Miller Castings INC Full time
Job Overview

Position Summary

The Cost Control Accountant at Miller Castings INC is essential in evaluating, overseeing, and managing expenses linked to production processes, inventory oversight, and overall operational efficiency. This role demands exceptional analytical capabilities, expertise in ERP systems, and the ability to work collaboratively with various departments to deliver precise cost evaluations, financial insights, and strategic guidance.

Compensation Range: $80K - $120K

Core Responsibilities

  • Maintain and update cost accounting records using ERP software, including standard costs, cost allocations, and cost centers.
  • Examine manufacturing expenses, such as raw materials, labor, overhead, and variances, ensuring the accuracy and completeness of cost data within the ERP system.
  • Develop and sustain standard cost models for all products/services, taking into account factors like material costs, labor rates, overhead expenses, and production variances.
  • Generate and analyze cost variance reports, comparing actual costs to standard costs while identifying variances, trends, and underlying causes.
  • Collaborate with production, procurement, and engineering teams to explore cost variances, pinpoint cost-saving opportunities, and implement corrective measures.
  • Conduct regular inventory reconciliations and perform cost of goods sold (COGS) analysis to guarantee accurate inventory valuation and cost of sales.
  • Support the budgeting and forecasting processes by providing cost projections, analyzing trends, and identifying potential risks and opportunities.
  • Assist in formulating cost reduction strategies and continuous improvement initiatives aimed at enhancing operational efficiency and minimizing costs.
  • Participate in ERP system implementation projects, upgrades, and enhancements related to cost accounting modules.
  • Ensure adherence to accounting principles, regulatory standards, and internal controls concerning cost accounting and financial reporting within the ERP system.

Minimum Qualifications

  • Bachelor's degree in accounting, finance, or a related discipline.
  • A minimum of 5 years of progressive experience with ERP software systems.
  • Demonstrated experience in cost accounting, financial analysis, or similar roles within a manufacturing or production setting.
  • Strong analytical skills with the capability to interpret data, analyze trends, and derive meaningful insights.
  • Excellent organizational skills with meticulous attention to detail and the ability to manage multiple tasks and deadlines effectively.
  • Effective communication and interpersonal skills, enabling collaboration with cross-functional teams and the clear presentation of complex financial information.
  • Proactive problem-solving abilities focused on continuous improvement and achieving results.
  • Knowledge of cost accounting principles, manufacturing processes, and inventory management concepts.
  • Experience with lean manufacturing principles, Six Sigma methodologies, or other process improvement techniques is advantageous.

Physical Demands and Work Environment

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

  • Ability to sit or stand for extended periods while performing accounting tasks.
  • Manual dexterity and precision to operate a computer, calculator, and other office equipment.
  • Good vision and attention to detail for reviewing and analyzing financial documents and data.
  • Occasional lifting and carrying of boxes or files weighing up to 20 pounds.
  • Ability to communicate effectively, both orally and in writing, with team members and management.

Note

This job description does not imply that these are the only duties to be performed by the employee(s) in this position. Employees will be required to follow any other job-related instructions and perform any other job-related duties as requested by authorized personnel. All duties and responsibilities are essential functions and requirements and are subject to possible modification to reasonably accommodate individuals with disabilities.