Cost Control and Inventory Specialist

2 weeks ago


Elk Grove Village, Illinois, United States Astronova Full time
Overview
The Cost Control & Inventory Specialist is responsible for overseeing daily Bill of Materials (BOM) transactions within the ERP system. This role ensures the precision of inventory accounts, BOM accuracy, and management of excess or obsolete inventory reserves. At the end of the fiscal year, this individual will lead the physical inventory count and valuation processes.

Key Responsibilities
1. Oversee daily cost accounting activities in a manufacturing setting while ensuring the integrity of ERP system data.
2. Guarantee that all inventory transactions are recorded accurately and promptly, adhering to GAAP and Sarbanes-Oxley internal control standards.
3. Manage, reconcile, and facilitate the month-end financial close, ensuring the accuracy of monthly reports and enhancing the efficiency of the closing process.
4. Analyze monthly sales, profit margins, and manufacturing variances by utilizing reporting tools and presenting findings to management and the operations team.
5. Ensure the accuracy and integrity of BOMs and routing information.
6. Collaborate with the operations team to establish key performance indicators. Report on a monthly basis the operational scorecard of these metrics in relation to Total Quality Management, discussing potential risks and providing actionable recommendations.
7. Coordinate and execute the annual physical inventory, cost revaluation, and financial audit of cost accounting.
8. Assess, develop, and implement enhancements in the ERP system, work order processing, RMA, and specialty product builds.
9. Provide functional support for strategic initiatives within the Supply Chain division.
10. Document and maintain general and cost accounting processes along with internal controls.
11. Develop and manage a cycle count program in line with established guidelines.
12. Assist in the formulation of the annual budget.
13. Undertake additional duties as assigned.

Qualifications
Experience:
Minimum of 3 years in a manufacturing environment with a solid understanding of cost accounting systems and the BOM process. Proficiency in ERP software is essential (NetSuite preferred). Strong command of Microsoft Excel is required.

Education:
Bachelor's Degree in Accounting.

Training:
Ongoing training and education in cost accounting are necessary. Pursuit of the CMA designation is encouraged. Participation in new employee orientation and annual reviews of the Quality Policy and QC Manual is required. On-the-job training on procedures must be documented annually. Attendance at seminars, classes, and lectures at the discretion of management is also expected.

AstroNova Inc is an equal opportunity employer, committed to fostering diversity and creating an inclusive environment for all employees.

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