What are the responsibilities and job description for the Cost Accountant position at Deringer Ney?
Title: Cost Accountant
Job Summary:
As part of the Accounting Department, the Cost Accountant is a supporting resource managing Product Costing, Work Order Closure Gains/Losses, Metal Management programs including refining relationships, metal locks and metal inventory accuracy for all locations.
Supervisory Responsibilities: None
Duties/Responsibilities:
Inventory Costing and Controls:
- Participate in the annual cost roll by reviewing material costs and calculating direct labor and overhead rates.
- Prepare periodic job order variances reporting and assist with variance review.
- Reconcile copper ledger scrap reporting to physical scrap.
- Assist with monthly metals reconciliation to the ledger and bank balances.
- Assist with annual physical inventory count as needed.
- Calculate and report on cycle count accuracy and perform quarterly cycle count audits.
- Assist in review of Metal gains and losses.
- Prepare quarterly Excess and Obsolete inventory reports and coordinate scrap of obsolete items.
- Update item Master in M2M system as necessary.
- Roll standard cost for individual items as needed.
- Prepare various inventory turn reporting (Metal turns, inventory turns) and labor reporting.
- Investigate labor reporting errors; reconcile the Screw Machine Department scrap.
- Perform various inventory transactions in the M2M system.
- Monitor tooling job orders.
General Ledger and FP&A:
- Perform timely and accurate month-end close activities including journal entries and reconciliations.
- Provide support for an annual financial audit.
- Participate in preparation of quarterly forecasts and annual budget.
- Assist in validation of budgeted headcount to production hours during annual budget process.
- Support the Cost Accounting Manager in review of margins and product costing.
- Other duties as assigned or required.
Required Skills/Abilities:
- Ability to navigate Job Costing/Inventory Control System.
- Strong Excel skills are crucial.
- Good written and oral communication skills with management and personnel are necessary.
- Be neat and detail oriented.
- An affinity for numbers is vital.
Experience & Education Requirements:
- Bachelor’s degree with a concentration in Accounting is required.
- Demonstrated knowledge of inventory control.
- Demonstrated management of inventory movement controls and costing.
- 2-3 years of experience in a manufacturing environment.
Physical Requirements:
- Prolonged periods of sitting at a desk and working on a computer.
- Must be able to access and navigate each department at the organization’s facilities.
- Some domestic and international travel might be required.