Cost Accountant
2 weeks ago
The Cost Accountant is responsible for overseeing daily accounting operations, ensuring that financial transactions are recorded accurately and in line with company policies and Generally Accepted Accounting Principles (GAAP).
This position plays a critical role in developing and maintaining cost accounting standards, preparing financial reports, and providing detailed analyses to support management decision-making.
Key Responsibilities- Develop and maintain cost accounting standards, ensuring accurate cost classification and reporting.
- Conduct inventory reserve analysis to assess potential adjustments in inventory valuation.
- Collaborate with the Controller to recommend policy or procedural improvements.
- Review depreciation rates, labor, and overhead costs, suggesting policy changes to improve financial outcomes.
- Estimate costs for new and proposed products, providing financial insight into pricing and profitability.
- Maintain and review the general ledger, reconciling balance sheets to ensure financial accuracy.
- Analyze raw material costs, creating cost-benefit analyses for potential vendor changes.
- Assist in month-end financial close, including the preparation of monthly journal entries.
- Participate in audits and general ledger preparation, ensuring compliance with internal and external regulations.
- Conduct ongoing process constraint analyses, identifying potential improvements in production efficiency.
- Report on breakeven points for products, work centers, and plants to inform management decisions.
- Analyze and report on product margins by division, helping to identify profit centers and areas for improvement.
- Analyze capital budgeting requests, assessing their financial impact and alignment with company goals.
- Bachelor's degree in accounting or business-related field from a 4-year college or university.
- Minimum of 2 years of cost accounting experience, with a solid understanding of accounting principles and cost systems.
- Excellent report-writing, communication, and IT skills, particularly with spreadsheets.
- Ability to read, analyze, and interpret financial documents, including financial statements, general ledgers, and journal entries.
- Capable of writing detailed reports, business correspondence, and procedure manuals.
- Strong verbal and written communication skills to present financial information effectively.
- Proficiency in basic algebra, geometry, and statistical methods for data analysis.
- Capable of plotting data and constructing graphs for detailed analysis and reporting.
Volt is committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment on the basis of race, color, religion or belief, national origin, citizenship, social or ethnic origin, sex, age, physical or mental disability, veteran status, marital status, domestic partner status, sexual orientation, or any other status protected by the statutes, rules, and regulations in the locations where it operates.
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