Cost Control Accountant

2 weeks ago

Beaverton, Oregon, United States American Accounting Association Full time

Inventory Accountant

Company: American Accounting Association

An essential contributor to the Finance team, the Inventory Accountant plays a pivotal role in narrating the journey of inventory transactions through financial reports. This position is crucial for providing insights to senior management regarding global inventory activities. The role demands proficient preparation, reconciliation, and analysis of materials throughout the production phases (Raw Materials, Work in Progress, Finished Goods) while ensuring clarity in the Cost of Goods Sold (COGS) metrics.

The ideal candidate is a proactive individual who flourishes in a setting that offers substantial independence. This role requires the initiative to assess systems, propose enhancements, and collaborate with team members on solutions and their execution. It presents an excellent opportunity for a seasoned professional who is a catalyst for change and seeks to foster a culture characterized by collaboration, respect, accountability, reliability, transparency, ethics, efficiency, and high performance.

Key Responsibilities:

  1. Deliver insightful analysis and comprehension of COGS outcomes, assist in budget formulation, and conduct variance analysis for senior management through the development of comprehensive reporting that elucidates current financial standing and guides future organizational strategies.
  2. Execute the preparation, reconciliation, and analysis of manufacturing orders to guarantee accurate cost tracking and timely closure for precise reporting.
  3. Collaborate with the Controller and senior management to scrutinize and comprehend raw materials, work in progress, finished goods, and overhead cost determinants.
  4. Compile and present the excess and obsolescence report to the Controller and senior management.
  5. Evaluate performance trends, identify inefficiencies in workflows, propose and devise solutions, ensure implementation, and monitor effectiveness to uphold internal financial controls that protect the organization's assets while supporting rapid growth and cost efficiency.
  6. Oversee the accuracy and establishment of standard costs for labor overhead and bill of materials, including material usage, pricing, routings, and time consumption.
  7. Lead the cycle count process and ensure timely adjustments to inventory as discrepancies arise.
  8. Ensure the accuracy of all cost accounting and financial analysis reports; monitor relevant key performance indicators and review rate, volume, mix, efficiency, spending, and usage variances.
  9. Work closely with the Controller and senior management to devise and implement ongoing cost-saving strategies, benchmarking, and the integration of new practices and manufacturing methodologies.
  10. Engage in the global exchange of best practices, including the development and documentation of cost accounting policies and internal controls.

Qualifications:

  • Bachelor's degree in Accounting or Finance, or an equivalent combination of education and experience.
  • Solid understanding of cost accounting principles and methodologies related to product costing, bills of material, manufacturing routings, and inventory management.
  • Proficient in GAAP and possess a comprehensive understanding of accounting systems and procedures.
  • Experience with planning, budgeting, and cost control concepts and methodologies.
  • Exceptional analytical and negotiation abilities.
  • Ability to perform at high levels in a fast-paced and dynamic environment.
  • Proficient in Microsoft Office applications, particularly advanced Excel skills; experience with Microsoft Dynamics Great Plains is a plus.
  • Strong verbal and written communication skills to foster clarity and understanding.
  • A mindset geared towards continuous improvement, with a natural ability to identify opportunities and potential challenges while engaging relevant team members in finding and implementing solutions.
  • Capability to influence and positively reinforce quality work among colleagues and partners, leading by example.

Compensation:

$90,000/year or higher based on experience; includes 401K with match, health and dental insurance, long-term disability and life insurance, paid holidays, and paid time off (PTO). Flexible remote work options available based on business needs.

About American Accounting Association:

The American Accounting Association is a prominent organization dedicated to advancing the discipline of accounting through education, research, and professional development. Our commitment to our members and innovative practices is reflected in our core values of integrity, collaboration, and excellence.

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