What are the responsibilities and job description for the Sr. Accountant position at Crane ChemPharma & Energy?
Position Summary
The Sr. Accountant will be responsible for planning, studying, and collecting data to determine revenue to be recognized under ASC606, as well as the main cost drivers of business activity, such as inventory and labor. This role will analyze data to ensure accurate financial reporting and optimal cost control.
Principle Duties (includes, But Is Not Limited To)
Provide financial insights for strategic decision-making.
Essential Qualifications / Experience
About Crane
Crane Co. is a diversified manufacturer of highly engineered industrial products. Founded in 1855, Crane provides products and solutions to customers in the aerospace, electronics, hydrocarbon processing, petrochemical, chemical, power generation, automated merchandising, transportation and other markets. The Company has three business segments: Aerospace & Electronics, Engineered Materials, and Process Flow Technologies. Headquartered in Stamford, Connecticut, Crane has approximately 11,000 employees and operates in 32 countries. Crane Co. is traded on the New York Stock Exchange (NYSE:CR)
www.craneco.com
About CRANE ChemPharma & Energy
CRANE ChemPharma & Energy (within Crane's Process Flow Technology segment) designs and manufactures a variety of high performance products including: highly engineered check valves, sleeved plug valves, lined valves, process ball valves, high performance butterfly valves, bellows sealed globe valves, aseptic and industrial diaphragm valves, multi/quarter-turn valves, actuation, sight glasses, lined pipe, fittings and hoses, and air operated diaphragm and peristaltic pumps. Its trusted brands (in alphabetical order) ALOYCO®, CENTER LINE®, COMPAC-NOZ®, CRANE®, DEPA®, DUO-CHEK®, ELRO®, FLOWSEAL®, JENKINS®, KROMBACH®, NOZ-CHEK®, PACIFIC VALVES®, RESISTOFLEX®, REVO®, SAUNDERS®, STOCKHAM®, TRIANGLE®, UNI-CHEK®, VALVES®, WTA®, and XOMOX® offer customers complete and innovative product portfolio designed for the most demanding corrosive, erosive, and high purity applications. Among the industries served are the chemical processing, biotechnology, pharmaceutical, oil & gas, refining, and power generation.
This description has been designed to indicate the general nature and level of work being performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Crane Company. is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment and will not be discriminated against on the basis of race, color, religion, gender, sexual orientation, general identity, national origin, disability or veteran status.
The Sr. Accountant will be responsible for planning, studying, and collecting data to determine revenue to be recognized under ASC606, as well as the main cost drivers of business activity, such as inventory and labor. This role will analyze data to ensure accurate financial reporting and optimal cost control.
Principle Duties (includes, But Is Not Limited To)
- Prepare & maintain schedules for revenue reporting under ASC606.
- Responsible for Journal Entries booking and perform Financial Analysis and Reconciliation of Intercompany, Balance Sheet and Bank Accounts.
- Maintain local QuickBooks general ledger and upload data in Crane Co financial consolidation system, HFM.
- Capital Expenditure follow up, inventory and reconciliation. CAPEX system implementation is a plus.
- Analyze manufacturing costs and prepare regular reports comparing average costs to actual production costs. Highlighting key insights and recommendations.
- Responsible for Cycle Count and Annual Physical Inventory tracking, reporting, and validating accuracy.
- Reconcile material and labor variances and productivities.
- Monitor and report on inventory obsolescence and slow-moving items.
- Ensure the proper valuation of inventory and BOM audit. Implement and maintain cost control systems and procedures.
- Conduct detailed cost analysis and monitor margins by product.
- Work closely with production and purchasing departments to ensure cost-effective operations.
- Assist with Business Process procedures & risk assessments (Sarbanes-Oxley 404).
- Assist internal and external audits request and ensure accurate financial reporting.
- Ensure financial systems & procedures are in place to provide adequate internal controls.
- Prepare Monthly reports including Cash Flow, Inventory Turns, Capital Spending, Order Backlog, Product Line, Headcount, and other statistical data.
- Assist in development of Budgets and Forecasts.
- Maintain Travel Card and P-Card program.
- Conduct special projects and analysis as requested by management.
Provide financial insights for strategic decision-making.
Essential Qualifications / Experience
- Bachelor’s degree in Accounting or Finance required; CMA or CPA a plus.
- 3 years of experience in cost accounting, in a manufacturing environment.
- Strong understanding of cost accounting principles and practices.
- Ability to work and interact with departments throughout the organization.
- Excellent Excel, Microsoft Office, HFM and QuickBooks knowledge, preferred.
- Excellent analytical, problem-solving, and organizational skills.
- Strong attention to detail and accuracy.
- Strong communication and interpersonal skills.
About Crane
Crane Co. is a diversified manufacturer of highly engineered industrial products. Founded in 1855, Crane provides products and solutions to customers in the aerospace, electronics, hydrocarbon processing, petrochemical, chemical, power generation, automated merchandising, transportation and other markets. The Company has three business segments: Aerospace & Electronics, Engineered Materials, and Process Flow Technologies. Headquartered in Stamford, Connecticut, Crane has approximately 11,000 employees and operates in 32 countries. Crane Co. is traded on the New York Stock Exchange (NYSE:CR)
www.craneco.com
About CRANE ChemPharma & Energy
CRANE ChemPharma & Energy (within Crane's Process Flow Technology segment) designs and manufactures a variety of high performance products including: highly engineered check valves, sleeved plug valves, lined valves, process ball valves, high performance butterfly valves, bellows sealed globe valves, aseptic and industrial diaphragm valves, multi/quarter-turn valves, actuation, sight glasses, lined pipe, fittings and hoses, and air operated diaphragm and peristaltic pumps. Its trusted brands (in alphabetical order) ALOYCO®, CENTER LINE®, COMPAC-NOZ®, CRANE®, DEPA®, DUO-CHEK®, ELRO®, FLOWSEAL®, JENKINS®, KROMBACH®, NOZ-CHEK®, PACIFIC VALVES®, RESISTOFLEX®, REVO®, SAUNDERS®, STOCKHAM®, TRIANGLE®, UNI-CHEK®, VALVES®, WTA®, and XOMOX® offer customers complete and innovative product portfolio designed for the most demanding corrosive, erosive, and high purity applications. Among the industries served are the chemical processing, biotechnology, pharmaceutical, oil & gas, refining, and power generation.
This description has been designed to indicate the general nature and level of work being performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Crane Company. is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment and will not be discriminated against on the basis of race, color, religion, gender, sexual orientation, general identity, national origin, disability or veteran status.