What are the responsibilities and job description for the Cost Accountant position at Bharat Forge Aluminum USA, Inc.?
Description
Job Summary:
The Cost Accountant will be responsible for tracking, analyzing, and controlling manufacturing costs to support accurate financial reporting and informed business decision-making. This role is crucial in driving cost efficiency, profitability, and operational excellence.
Key Responsibilities:
Costing & Budgeting
- Prepare and analyze standard costs for all manufactured products.
- Develop cost sheets for existing and new components.
- Monitor BOM (Bill of Materials), labor, and overhead costs.
Inventory Management
- Track raw material, WIP (work-in-progress), and finished goods inventory.
- Reconcile physical inventory with book records.
- Valuate inventory at current costs and imply those on the valuation of the closing inventory.
Cost Control & Variance Analysis
- Analyze variances between actual and standard costs (material, labor, overhead).
- Highlight inefficiencies and suggest cost-saving measures.
- Participate in productivity improvement projects.
Profitability Analysis
- Evaluate component-wise and customer-wise profitability.
- Conduct make-or-buy analyses.
- Test sensitivity of the margins at different production volumes.
- Monthly MIS report to the management.
Education/Experience/Skills:
- Education: Bachelor’s degree in accounting, finance, or related field. CPA/CMA certification preferred.
- Experience: 3 years of cost accounting experience in a manufacturing environment (aluminum forging or metals industry preferred).
- Hands-on experience with ERP systems (e.g., SAP, Oracle, Epicor).
- Technical Skills:
- Strong knowledge of standard costing, inventory valuation, and variance analysis.
- Advanced proficiency in Excel and financial reporting tools.
- Soft Skills:
- Excellent analytical, problem-solving, and communication skills.
- Ability to collaborate across functions and influence stakeholders.
Physical Requirements:
- Prolonged periods sitting at a desk and working on a computer.
- Must be able to lift up to 25 pounds at times.
Commitment to Equal Opportunity:
Bharat Forge is committed to providing equal employment opportunities to all individuals regardless of race, color, religion, sex (including pregnancy, childbirth, and related medical conditions), sexual orientation, gender identity or expression, national origin, age, disability, genetic information, marital status, veteran status, or any other protected characteristic under applicable federal, state, or local laws.