What are the responsibilities and job description for the Cost Accountant position at AllSTEM Connections?
The cost accountant position is responsible for all aspects of Manufacturing and Production costing analysis and inventory for a business locations in California and Colorado. The cost accountant is responsible for maintaining the company’s product costs, comparing standard cost to actual cost and identifying and explaining variances by customer, part number and production jobs. The cost accountant will monitor inventory accuracy and will work closely with engineering and manufacturing team-members to resolve variances and adjust Bills of Materials (BOM’s). This position reports into the Controller and partners with several team- members within the organization.
Field Shared Notes
Role & Responsibilities:
•Develop and maintain standard cost accounting system that ensures accurate costing
•Produce daily, weekly, monthly production and material variance reports
•Produce inventory reports to analyze key inventory drivers in the business
•Review and analyze standard and actual costs for variances and prepare reports
•Update standard costs and ensure accuracy in the Bill of Materials (BOM’s) and routings
•Prepare, analyze and report monthly gross margin analysis by customer and product family.
•Responsible for account reconciliation of physical inventories and cycle counts
Prepare periodic inventory reserves reconciliation, analyzing inventory for risk, and monitoring with support from internal stakeholders
•Prepare monthly inventory book to perpetual reconciliation and related journal entry posting
•Capitalize standard costing and manufacturing variances into inventory
•Assist in month-end and year-end closing
•Assist with audits
•Work on special projects as required