What are the responsibilities and job description for the Product Cost Specialist position at MS Companies?
About the Role
Performs product cost accounting functions in an automotive manufacturing environment to meet and exceed company goals and objectives.
- Prepare Evaluated Receipt Settlement (ERS) supplier payments based on goods receipts, invoices, and approved purchase orders or contracts in SAP (data management system).
- Compare supplier statement information with HMMA data in SAP system; follow-up and reconcile.
- Maintain and reconcile related party accounts within SAP and report.
- Complete month-end close and reporting duties in a timely and accurate manner to ensure the integrity of financial statements in accordance with HMMA policies and procedures.
- Calculate estimated warranty reserves.
- Process royalty payments and amortizations.
- Participate in inventory audits.
- Assist in the development of standard costs for new materials; perform quarterly maintenance process for standard costs in SAP.
- Track, process, and report warranty & campaign claims and reclaims monthly.
- Resolve costing discrepancies in a timely and professional manner.
- Prepare and maintain all HMA reporting.
- Administer, coordinate, and comply with all Business Management System (BMS), Environmental Management System (EMS), and Safety Management System (SMS) requirements.
- Meet all other requirements as assigned.
Qualifications
- Bachelor’s degree or equivalent in Accounting desired.
Required Skills
- MS Word
- MS Excel
- MS PowerPoint
- Knowledge of GAAP and its application in a for-profit environment
Preferred Skills
- 0 – 10 years of job related experience in accounting and manufacturing preferred.
- Certified Public Accountant (CPA) designation desired.