What are the responsibilities and job description for the Manufacturing Cost Accountant position at Fiber Instrument Sales?
Fiber Instrument Sales, a manufacturer and supplier of fiber-optic cable assemblies, is seeking a Manufacturing Cost Accountant to serve as a key financial resource to its manufacturing operations. The position translates production activity, material usage, labor, overhead, inventory, and operational performance into meaningful cost information to support management decision-making.
The Manufacturing Cost Accountant works closely with Manufacturing, Purchasing, Engineering, Inventory/Warehouse, Quality, Sales, and Accounting/Finance to improve cost visibility, financial accuracy, operational efficiency, and profitability.
Essential Duties and Responsibilities
- Maintain and analyze standard and actual manufacturing costs, including materials, labor, overhead, outside processing, and product cost structures.
- Maintain standard costs, Bills of Material (BOMs), routings, labor standards, and other manufacturing-related data.
- Analyze and report manufacturing, production, inventory, and operational cost variances.
- Investigate significant cost discrepancies and coordinate corrective actions with appropriate departments.
- Monitor and reconcile raw materials, work-in-process, and finished-goods inventory.
- Support physical inventory counts, inventory valuation, and inventory control procedures.
- Support month-end and year-end financial close activities, including inventory, manufacturing costs, accruals, cost of goods sold, and related reconciliations.
- Support financial reporting, audits, compliance activities, and maintenance of accurate financial records and supporting documentation.
- Partner with cross-functional departments to evaluate the financial and cost impacts of new products, processes, materials, equipment, and operational changes.
- Support manufacturing budgeting, forecasting, and financial planning.
- Provide cost information to support pricing, make-versus-buy decisions, capital investments, and cost-reduction initiatives.
- Develop and maintain cost accounting reports, procedures, and analytical tools to improve cost visibility, accuracy, financial controls, and profitability.
- Utilize manufacturing ERP and accounting systems to analyze and maintain financial and manufacturing data.
- Perform other duties and special projects as assigned.
Cross-Functional Responsibilities
The Manufacturing Cost Accountant establishes effective working relationships across multiple departments, including:
Manufacturing
- Analyze production performance, labor, scrap, rework, efficiency, and process costs.
Purchasing
- Evaluate material pricing, supplier changes, purchase variances, and sourcing decisions.
Engineering
- Review Bills of Material, routings, product changes, process improvements, and new-product costing.
Inventory/Warehouse
- Support inventory accuracy, inventory transactions, cycle counts, and material movement.
Quality
- Analyze scrap, rework, nonconformance, and quality-related costs.
Sales/Management
- Provide information for product profitability, pricing analysis, and customer-specific cost considerations.
Accounting/Finance
- Support month-end close, financial reporting, budgeting, forecasting, and internal controls.
Required Qualifications
- Degree in Accounting, Finance, Business, or a related field, with experience in cost or manufacturing accounting.
- At least three years of accounting experience required.
- Working knowledge of manufacturing cost principles, inventory accounting, standard costing, and variance analysis.
- Strong analytical and problem-solving skills.
- Strong organizational skills and attention to detail.
- Proficiency with Microsoft Excel and accounting/ERP systems.
- Ability to interpret manufacturing data, Bills of Material, production records, inventory information, and financial information.
- Ability to investigate discrepancies, identify potential causes, and communicate findings effectively.
- Ability to work independently and collaboratively across multiple departments.
Preferred Qualifications
- Experience maintaining and analyzing standard and actual manufacturing costs.
- Experience with materials, labor, overhead, outside processing, Bills of Material, routings, and labor standards.
- Experience analyzing cost, production, inventory, and operational variances.
- Experience with raw material, work-in-process, and finished-goods inventory accounting.
- Experience supporting physical inventory counts, inventory valuation, and inventory controls.
- Experience with month-end/year-end close, financial reporting, audits, and compliance.
- Experience evaluating the cost impacts of new products, processes, materials, equipment, and operational changes.
- Experience supporting budgeting, forecasting, pricing, make-versus-buy analysis, capital investment, and cost-reduction decisions.
- Experience developing cost accounting reports, procedures, and analytical tools.
- Experience with manufacturing ERP systems.
- Knowledge of discrete manufacturing operations and manufacturing cost accounting principles.
Compensation
The wage rate is commensurate with position, shift worked, experience, education, and required skill level.
Pay: From $60,000.00 per year
Benefits:
- 401(k)
- Dental insurance
- Health insurance
- Life insurance
- Paid time off
- Vision insurance
Education:
- Associate (Required)
Experience:
- Accounting: 3 years (Required)
Work Location: In person
Salary : $60,000