Cost Accountant Specialist
3 weeks ago
The Cost Accountant plays a crucial role in the establishment and maintenance of standard costing on components. This position will participate in the preparation of financial statements during month end and the required analysis of these statements. The successful candidate will also interface with internal and external auditors to evaluate and resolve audit schedules and questions.
Key Responsibilities- Assist the Senior Accountant in the analysis of manufacturing plant variances to standard costs and budgets, including operational spending reporting, material price/quantity, labor, efficiency/rate, and burden variances.
- Provide support to the Senior Accountant for key cost accounting functions, including inventory valuation, excess and obsolescence reserve calculations, monthly inventory reconciliation, cycle counting, and coordination of annual physical observations with external audit team.
- Coordinate with the supply chain team and monitor PPV.
- Assist in the analysis to address cost-related topics, including scrap and obsolescence.
- Support the annual standard cost roll process.
- Assist with interactions with external audit team on cost accounting topics.
- Assist with coordination with internal audit team on cost accounting internal control items.
- Provide support for the Senior Accountant, including analysis on standard cost of product, margins, and inventory.
- Participate in cross-functional teams supporting New Product Development, including time studies or observations on new jobs alongside an Engineer.
- Assist with the preparation of all necessary month-end journal entries to inventory and cost of sales.
- Assist in the month-end close process by providing analysis of results as guided by the Senior Accountant and Division Controller.
- Bachelor's degree in accounting/finance from an accredited university.
- 4+ years of hands-on cost accounting experience, preferably in a manufacturing environment.
- Accounting - understanding of basic accounting concepts, US Generally Accepted Accounting Principles (GAAP).
- Familiarity with SAP or other ERP system.
- High proficiency skills in Excel, Word, and data extraction/manipulation, including skills such as pivot tables, VLOOKUP's, etc.
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