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Cost Accounting Specialist
2 months ago
About the Company
Creative Financial Staffing is a leading provider of financial staffing solutions, and we are seeking a highly skilled Cost Accountant to join our team. Our client is a well-established manufacturing organization that is committed to excellence and growth.
Responsibilities of the Cost Accountant
- Prepare monthly journal entries and month-end close for cost accounting data, ensuring accuracy and timeliness.
- Review journal entries carefully for anomalies and other inconsistencies, and take corrective action as needed.
- Prepare monthly and quarterly accounting reports for submission to senior management, highlighting key trends and insights.
- Conduct inventory reserve analysis on a quarterly basis, and generate reports for senior management to inform strategic decision-making.
- Develop and implement cost-saving initiatives, including suggestions for changes to policies or procedures to improve cash flow.
- Review and analyze rates of depreciation, labor, and overhead, and make recommendations for policy changes to improve the bottom line.
- Generate and analyze PPV reports, identifying areas for improvement and implementing changes as needed.
- Establish and maintain standard costs, and update them as necessary to ensure accuracy and relevance.
- Maintain and review the general ledger, and reconcile balance sheets to ensure accuracy and completeness.
- Analyze costs of raw materials and other supplies, and create cost-benefit analyses for changing vendors to optimize costs.
Preferred Qualifications
- Bachelor's degree in Accounting, Finance, or a related field.
- At least 3 years of relevant work experience, preferably in manufacturing.
- Experience with ERP systems and a strong understanding of financial software.
- Excellent written and verbal communication skills, with the ability to effectively communicate financial information to non-financial stakeholders.