JOB SUMMARY:
The Senior Cost Accountant Develops, reviews, and controls standard costs while analyzing variances and the effect on the P&L. Reconcile raw material, WIP, finished goods and calculated inventory turns and obsolescence. Prepare month-end journal entries, reconcile accounts, and review monthly financials, while maintaining efficient gross margins. Maintains good housekeeping practices and ensuring that all company policies and safety rules are followed.
ESSENTIAL FUNCTIONS:
- Assist in the development and maintenance of the standard cost control systems and procedures.
- Maintain and follow procedures and processes for creating and updating standard costs, including labor and overhead rate calculations
- Establish, monitor, and maintain policies and procedures for the management of material; continuously evaluate and refine standards of practice and processes to seek efficiencies and improve gross margins.
- Liaison to IT to implement new ERP modules for manufacturing and inventory flow accuracy and efficiency.
- Establish and maintain procedures and processes for valuing the year-end physical inventory; ensure the highest degree of inventory accuracy through monitoring the maintenance of the perpetual inventory system.
- Monitor and analyze the Cycle Count Program and assist in Inventory Audits.
- Review and recommend potential write-off of obsolete and damaged inventory; ensure a realistic valuation of goods-on-hand.
- Analyze and report manufacturing variances.
- Reconcile and analyze various general ledger accounts.
- Review and analyze monthly manufacturing expenses.
- Work directly with Plant Management and Engineers to develop cost for new products.
- Other duties as deemed necessary.
QUALIFICATIONS:
- Bachelor’s degree in Accounting, Finance, or related field of study.
- Five (5) years of hands-on cost accounting experience with inventory control experience within the manufacturing industry.
- Oracle ERP within the manufacturing industry experience required.
- Strong knowledge of manufacturing BOMs, routers, WIP, and creation of standard cost from the bottom up.
- Inventory system implementation experience preferred.
- Strong knowledge of Inventory Management within a manufacturing environment.
- Strong knowledge of Microsoft Excel, pivot tables, macros, etc.
- Public Entity experience preferred.
- Interpersonal skills and the ability to build and maintain professional relationships with persons at varying levels within and outside the Company.
- Good organizational skills with the ability to maintain information in a logical and easily understood fashion.
- Good planning skills and the ability to apply forethought in decision making.
- Ability to maintain regular and predictable attendance.
- Ability to work in a constant state of alertness.