What are the responsibilities and job description for the Cost Accountant position at System One?
System One is currently looking for a Cost Accountant for an industry-leading client in the Latrobe, PA area.
System One, and its subsidiaries including Joulé, ALTA IT Services, and Mountain Ltd., are leaders in delivering outsourced services and workforce solutions across North America. We help clients get work done more efficiently and economically, without compromising quality. System One not only serves as a valued partner for our clients, but we offer eligible employees health and welfare benefits coverage options including medical, dental, vision, spending accounts, life insurance, voluntary plans, as well as participation in a 401(k) plan.
System One is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, age, national origin, disability, family care or medical leave status, genetic information, veteran status, marital status, or any other characteristic protected by applicable federal, state, or local law.
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Ref: #282-Eng Pgh
Primary Functions: The Cost Accountant will be responsible for ensuring accurate inventory valuation, identifying risks, and maintaining controls in accordance with generally accepted accounting principles.
Key Responsibilities:
- Monitor inventory transactions for discrepancies and investigate any outliers.
- Assess inventory for obsolete and slow-moving parts, ensuring adequate reserves.
- Reconcile inventory reports from the ERP to the general ledger on a monthly basis.
- Calculate and prepare monthly journal entries for scrap material.
- Review inventory held at suppliers for reasonableness each month.
- Address negative quantities in perpetual inventory reports.
- Perform inventory price testing to ensure accurate valuations.
- Review and update standard costs in the ERP system.
- Calculate the full absorption ratio monthly and compare it to the general ledger, preparing adjusting journal entries as needed.
- Other duties as assigned.
Reporting:
- Provide financial analysis as needed and assist with the preparation of monthly and annual financial statements.
- Recommend benchmarks for measuring company performance.
Compliance:
- Ensure adherence to accounting policies related to inventory and recommend changes as necessary.
- Monitor daily cycle counts and participate in counts if needed.
- Assist with annual financial audits and physical inventory counts.
Scope and Purpose: In a small business setting, the Cost Accountant may be required to perform additional duties beyond traditional cost accounting responsibilities.
Job Qualifications
Education Requirements:
- Bachelor’s Degree in Accounting, Finance, or equivalent.
Experience Requirements:
- Experience in accounting, financial analysis, and with a manufacturing company is a plus.
System One, and its subsidiaries including Joulé, ALTA IT Services, and Mountain Ltd., are leaders in delivering outsourced services and workforce solutions across North America. We help clients get work done more efficiently and economically, without compromising quality. System One not only serves as a valued partner for our clients, but we offer eligible employees health and welfare benefits coverage options including medical, dental, vision, spending accounts, life insurance, voluntary plans, as well as participation in a 401(k) plan.
System One is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, age, national origin, disability, family care or medical leave status, genetic information, veteran status, marital status, or any other characteristic protected by applicable federal, state, or local law.
#M-
#LI-
#DI-
Ref: #282-Eng Pgh
