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Operations Accountant
2 days ago
MPI Engineered Technologies is a 50+ year Leader in Fine Blanking Products. MPI is located headquartered in Troy, MI and has locations in Deerfield WI, Knox, In and Mexico. We are focused in the automotive and industrial markets with customers such as Ford, GM, and John Deere. As a tier one supplier, we are dedicated to producing high quality products while maintaining the highest standards of safety and environmental health. Our commitment to safety is integral to our operations ensuring a zero - tolerance working environment and fostering a culture of safety across our facilities.
Overview:
Ensures the plant's financial control processes and systems comply with company policies, applicable regulations, and provide required information. Creates and analyze labor variance, product mix variances and material variances. Monitors plant operation results against operating plans and prepares financial, production output, and other reports used to measure and control plant activities and costs. Assists General Manager and Plant Controller in financial and capital budgeting process. Recommends and implements programs to improve productivity, increase efficiencies, and reduce costs.
Essential Duties and Responsibilities:
- Collecting and analyze data about the company's operational cost. Setting standard costs of manufactured goods. Developing and analyzing cost standards. Carrying out cost-volume-profit (CVP) analysis. Establi9sh cost of business processes such as administration, labor, shipping, etc. Perform account reconciliations. Prepare audit reports. Recommend changes to processes / policies to reduce cost and maximize profit.
- General Ledger and Month-end Close - Prepare journal entries, maintain the general ledger and sub-ledgers, and perform account reconciliations to support the timely monthly close process.
- Financial Reporting - Assist in the preparation of monthly, quarterly, and annual financial reports, providing analysis of balance sheet accounts.
- Audit Support - Provide documentation and support for internal and external audits, ensuring compliance with accounting standards and regulations.
- Cost Accounting - Develop and maintain standard cost for products, analyze manufacturing cost variances (materials, labor, overhead).
- Inventory Management - Play a key role in physical inventory counts, monitor inventory accuracy and validity, and input adjustment or transfers within accounting systems.
- Gross Margin Analysis - Prepare and analyze weekly, monthly, and quarterly gross margins on products and contribute to overall cost decisions.
- Competencies: Analytical Skills, Compliance/Regulatory, Attention to Detail, Strategic Management, Problem Solving, Work Independently and Collaborative.
- Other duties as assigned.
Qualifications:
- Bachelor's Degree in Accounting, Finance.
- 5+ years experience in manufacturing environment.
- 5+ years experience with ERP systems.
- Highly skilled in Excel.
- Create and analyze labor variance, product mix variances and material variances.
- Provide recurring financial reports and analysis.
- Develop accurate cost for products, manage variances, analyze profits by customers/part number, monitor capital spending.
Physical Requirements:
Sedentary work. Exerting up to 10 pounds of force occasionally. Repetitive motion. Substantial movements (motions) of the wrists, hands, and/or fingers. Required to have close visual acuity to perform an activity such as: preparing and analyzing data and figures; transcribing; viewing a computer terminal; extensive reading.
