Cost Accountant

Summary

The Cost Accountant position is responsible for comparing standard cost to actual cost and identifying and explaining variances. The cost accountant must also work closely with operations personnel to resolve variances and adjust Bills of Materials (BOM’s). The role is a broad-ranging role encompassing accounting, financial reporting, budgeting, providing value added analysis and counsel to the Controller and the cross-functional operations management local team. Will be responsible for variance analysis (both actual versus budget and actual versus standard costing.

Essential Duties and Responsibilities

• Analyzes cost variance and compares actual to system standards for both material and labor
• Setting and maintaining standard costs on a yearly basis, along with new parts
• Establish and maintain processing costs/burden rates
• Assist Controller in month/quarterly/yearly closing
• Assist Controller in budgeting and forecasting
• Perform journal entries on a monthly basis
• Lead the physical inventory process
• Work cross-functionally to identify solutions to issues on the production floor to support the plant performance
• Learning and navigating the ERP to support both the production process and the financial close process
• Support production requests on a daily basis
• Reconcile balance sheet accounts on a monthly basis, analyzing discrepancies
• Assist with annual audits

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

The successful candidate will be an experienced business professional, preferably having worked with industrial/manufacturing companies. Given the dynamic nature of the business, this candidate must possess an intelligent, personable, dynamic record of innovation, with strategic analytical skills and strong communication skills, and the ability to and work effectively with senior management.

Salary Range - $87,000.00 to $95,000.00

Education and/or Work Experience

• 3-5 years of experience in accounting and finance for industrial manufacturer
• Bachelor’s degree in Accounting

Technical Skills/Physical Requirements

• High attention to detail and accuracy
• Knowledge of Excel/ERP systems
• Must demonstrate ability to meet financial deadlines
• Strong analytic skills, comfortable managing and analyzing financial data
• Well-developed verbal and written communication skills
• Experience in manufacturing environment required
• Strong problem-solving skills including the ability to both work within the limitations of resources and data at hand, as well as identify and evaluate opportunities for further developments.
• Travel - will travel periodically. Approximately once per quarter.

Attributes of a successful candidate:

• A driven individual with a focus on results and what the team can achieve.
• Comfortable working as a “self-starter” in a metric-driven environment; with a roll up your sleeves attitude.
• Comfortable with and experienced in establishing processes and metrics where they do not exist now.
• Creates/Thrives in a continuous improvement environment; finds things to do / drive impact – empowered by perpetual opportunity of continuous improvement without becoming complacent.
• Persistent in their focus on results and execution.
• Fosters collaboration and earns and preserves trust.