What are the responsibilities and job description for the Cost Accountant (Integration Solutions) position at LogistiQ Integration Solutions?
JOB TITLE: Cost Accountant
DEPARTMENT: Accounting
REPORTS TO: Accounting Manager
FLSA STATUS: Salary Exempt
DATE: 08/23/2024
COMPANY OVERVIEW: LogistiQ is a dynamic and rapidly growing conveyor system integrator dedicated to providing turn-key innovative solutions to the retail, e-commerce & distribution markets. In our 750,000 sq. ft. facility located in Port Clinton, Ohio, you will find a team of innovators dedicated to building solutions that solve our customers’ evolving needs.
At LogistiQ, our core values of integrity, innovation, accountability, and collaboration are the cornerstones of our success. Integrity is at the heart of everything we do, ensuring honesty and transparency in our actions. Innovation drives us to constantly seek creative solutions and push the boundaries of what's possible. Accountability means we take responsibility for our work and uphold the highest standards. Collaboration fuels our collective strength, bringing together diverse perspectives to achieve common goals. By embracing these values, we foster a culture that not only delivers exceptional results but also makes LogistiQ a great place to work.
JOB SUMMARY: As a Cost Accountant at LogistiQ, you will be a part of our accounting team. The ideal candidate is responsible for developing, analyzing, and reporting on cost data to ensure that financial records are accurate and comply with established accounting standards. This role plays a critical part in budgeting, cost management, and asset management within the organization.
ESSENTIAL DUTIES & RESPONSIBILITIES include the following:
- Analyze production costs, overhead, and variances to provide detailed reports on cost performance.
- Prepare and present cost reports for management, highlighting key insights and trends.
- Oversees inventory accounting, including reconciliations & providing support to Operations with cycle count analysis and reporting.
- Ensure accurate valuation of inventory and report on inventory discrepancies.
- Identify opportunities for cost control and efficiency improvements.
- Implement and monitor cost-saving initiatives.
- Review and maintain standard costs for products by comparing actual manufacturing performance to standard and current costs.
- Update costs as necessary for changes in labor, materials, and overhead.
- Ensure compliance with internal controls and accounting policies.
- Support audits by providing necessary documentation and explanations.
- Work closely with production, procurement, and other departments to gather and analyze cost-related data.
- Provide financial guidance and support to other teams within the organization.
- Other duties as assigned.
SUPERVISORY RESPONSIBILITIES:
- None.
TRAVEL DEMANDS:
- This position may require occasional travel.
QUALIFICATIONS & REQUIREMENTS:
- Strong analytical and problem-solving skills. Ability to analyze complex data sets and translate findings into actionable insights. Proactive approach to identifying issues and proposing solutions.
- Proficiency in accounting software and ERP systems (SyteLine preferred).
- Advanced Excel skills, including the use of complex formulas and pivot tables.
- Excellent attention to detail and accuracy. High degree of accuracy in work, with the ability to identify and correct errors.
- Strong interpersonal skills. Ability to communicate financial information clearly and concisely to non-financial stakeholders.
- Collaborative mindset with the ability to work effectively across departments.
- Successful completion of 90-day probationary period.
EDUCATION & EXPERIENCE:
- Bachelor’s degree in Accounting, Finance, or related field. CPA or CMA Certification is a plus.
- 3-5 years of experience in cost accounting or a related field, preferably within manufacturing or production environments.
PHYSICAL DEMANDS:
- Prolonged periods of sitting at a desk and working on a computer.
- Must be able to lift up to 15 pounds at times.
WORK ENVIRONMENT: The work environment is pleasant, temperature controlled, professional office environment in a manufacturing setting. The employee works in an office setting but does have frequent interaction with the shop floor. On the shop floor, the employee is exposed to moving mechanical parts and fumes or airborne particles. The noise level in the work environment is mixed and the air temperature fluctuates with the seasonal weather.
AAP/EEO STATEMENT: LogistiQ firmly believes in equal employment opportunity for all and the importance of each employee as an individual. It is the policy of LogistiQ that there will be no discrimination against any employee or applicant for employment based on race, religion, creed, color, national origin, citizenship, marital status, sex, age, sexual orientation, gender identity, protected veteran status, political ideology, ancestry, the presence of any physical, sensory, or mental disabilities, or other legally protected status. It is the policy of LogistiQ that we will recruit, hire, train, and promote persons in all job titles, and ensure that all other personnel actions are administered without regard to race, religion, creed, color, national origin, citizenship, marital status, sex, age, sexual orientation, gender identity, protected veteran status, political ideology, ancestry, the presence of any physical, sensory, or mental disabilities, or other legally protected status, and we will ensure that all employment decisions are based only on valid job requirements. A strong commitment from each employee is necessary to ensure equal employment opportunity for all.
NOTE: This Job Description may be modified due to business necessity.
