Key Activities/Responsibilities
Cost Accounting
• Maintain and analyze standard costing systems.
• Calculate and update labor, material, and overhead rates.
• Monitor and analyze manufacturing variances including:
• Labor variances
• Material usage variances
• Purchase price variances
• Production efficiency variances
• Inventory variances
• Perform monthly inventory valuation and reconciliation activities.
• Lead annual standard cost roll processes.
Inventory Management & Controls
• Reconcile inventory subledger to general ledger accounts.
• Participate in and oversee physical inventory counts and cycle count programs.
• Investigate and resolve inventory discrepancies.
• Review Excess and Obsolete Inventory and recommend changes
• Ensure compliance with inventory control procedures and accounting standards.
• Assist in developing internal controls related to inventory and manufacturing accounting.
Financial Reporting
• Prepare monthly journal entries and account reconciliations.
• Support month-end, quarter-end, and year-end close processes.
• Prepare financial analyses and management reports.
• Assist in preparation of annual budgets and forecasts.
• Provide reporting and recommendations to management regarding cost reduction opportunities.
• Perform other duties, assignments and special projects that may be required.
Operational Support
• Partner with Operations, Supply Chain, Production, and Engineering teams on:
• Cost reduction initiatives
• Capital expenditure analysis
• New product costing
• Process improvement projects
Compliance & Audit
• Support internal and external audit activities.
• Ensure compliance with GAAP and company accounting policies.
• Assist with documentation of accounting processes and controls.
• Support SOX compliance activities if applicable.
Key Performance Indicators (KPIs)
• Inventory accuracy percentage
• Manufacturing variance reduction
• Cost savings identified and implemented
• Month-end close completion timeline
• Standard cost update accuracy
• Audit findings and compliance performance
Requirements: Bachelor's degree in accounting required.
Job Experience:
• 5+ years of progressive accounting experience.
• Minimum 3 years of cost accounting experience in a manufacturing environment required.
• Experience with standard costing and inventory accounting required.
• Experience with ERP systems such as JD Edwards and SAP required.
Demonstrated experience supporting audits and financial reporting preferred.
Skills:
• Must have a strong working knowledge of: GAAP, Cost accounting principles, Inventory valuation methods, Standard costing
• Advanced Microsoft Excel skills required including, ability to create Pivot tables, VLOOKUP/XLOOKUP, & Charts.
• Advanced knowledge in MS Office product suite required
• Ability to demonstrate strong analytical and problem-solving skills required.
• Effective oral and written communication skills, and ability to work collaboratively as well as independently.
• Ability to demonstrate strong business acumen, analytic, integrative, and critical thinking skills.
• Ability to communicate financial information effectively to non-financial stakeholders.
• Excellent organizational skills required; project management experience a plus.
• Ability to adapt to and operate within a fast-paced environment.
Physical Requirements
• Ability to sit for extended periods while working on a computer.
• Able to walk large square footage manufacturing facilities and warehouse locations as needed.
• Ability to conduct inventory counts and review production operations in a manufacturing environment as needed.