What are the responsibilities and job description for the Senior Cost Accountant position at MILLISON CASTING TECHNOLOGY?
Position Summary
The Senior Cost Accountant is responsible for overseeing cost accounting and inventory control activities within a manufacturing environment. This role ensures the accuracy of standard costing, inventory valuation, and variance analysis while supporting operational decision-making through financial analysis and cost transparency. The position works closely with operations, supply chain, and finance leadership to drive efficiency and financial performance.
Key Responsibilities
Cost Accounting
- Maintain and update standard costs for materials, labor, and overhead within the ERP system
- Lead the annual standard cost roll and perform periodic cost updates as needed
- Analyze and explain material, labor, and overhead variances
- Monitor the impact of scrap, rework, and yield on product costs
- Support the quoting and pricing process through detailed cost analysis
Inventory Control
- Ensure accurate inventory valuation under standard costing methods
- Reconcile the inventory subledger to the General Ledger on a monthly basis
- Lead physical inventory counts and manage cycle count programs
- Monitor inventory for aging, slow-moving, and obsolete items
- Review and validate scrap, damage, and rework transactions (DMR)
Manufacturing & Operations Support
- Partner with production and supply chain teams to identify and analyze cost drivers
- Track operational metrics such as Overall Equipment Effectiveness (OEE) and scrap rates and their impact on cost performance
- Provide monthly cost performance reporting and key performance indicators (KPIs)
- Support budgeting and forecasting processes related to manufacturing costs
Month-End Close & Reporting
- Perform month-end close activities related to cost accounting
- Prepare and post cost-related journal entries
- Analyze inventory reserves and recommend appropriate adjustments
- Support internal and external audit requests and requirements
Qualifications
- Bachelor’s degree in Accounting, Finance, or related field required
- Minimum of 2 years of accounting experience, preferably in cost accounting or general ledger within a manufacturing environment
- Experience with ERP systems (Epicor, SAP, Oracle, or similar) preferred
- Advanced proficiency in Microsoft Excel
- Strong analytical and problem-solving skills
- Ability to collaborate effectively across departments and communicate financial insights
Preferred Skills
- Experience in a manufacturing or production environment
- Strong understanding of standard costing systems and inventory accounting
- Ability to manage multiple priorities and meet deadlines in a fast-paced environment
- Detail-oriented with strong organizational skills