Cost Accountant - Staffmark Group : Job Details

Cost Accountant

Staffmark Group

Job Location : Endicott,NY, USA

Posted on : 2024-11-09T08:15:10Z

Job Description :

The cost accountant position is responsible for all aspects of Manufacturing and Production costing analysis and inventory. The cost accountant is responsible for comparing expected cost to actual cost and identifying and explaining variances by customer, part number and production jobs. The cost accountant must also work closely with engineering and manufacturing personnel to resolve variances and adjust Bills of Material (BOM's)/Routings. Collect, analyze and report on cost accounting data. This includes preparing reports, monitoring inventory levels, cost comparisons, product costing analysis, tracking variances and making journal entries. You will also collaborate with other departments to ensure accurate budgeting and forecasting processes.

* Develop and maintain cost accounting system that ensures accurate costing, assist in implementing improvements to current ERP system

* Produce production, variance and ad hoc reports

* Review and analyze costs for variances and prepare reports

* Update costs and ensure accuracy in the Bills of Material (BOM's)/Routings

* Prepare, analyze and report monthly gross margin analysis by customer, part number and production jobs

* Analyze changes in product design, raw materials, manufacturing methods, or services to determine effects on costs

* Study and collect data to determine costs of business activities such as raw material purchases, inventory and labor

* Responsible for account reconciliation of physical inventories and cycle counts

* Prepare periodic inventory reserves reconciliation, analyzing inventory for risk, and monitoring with support from internal stakeholders

* Responsible for Fixed Asset and Construction in Process accounting

* Assist in month-end and year-end closing by analyzing inventory and preparing supplemental reports as needed

* Work on special projects as required

* Develop strategies to reduce costs and study product pricing to ensure the best possible return on investment for the company. Prepare budgeting reports by collecting information and data points from various departments within the organization.

Investigate discrepancies in financial records and perform month-end close activities, including journal entries and reconciliations.

REQUIREMENTS Education: Bachelor's degree in Accounting/Finance. Experience: Three (3) to five (5) years in manufacturing cost accounting experience is preferred.

* Analytical Skills: Excellent analytical and problem-solving skills to identify issues, analyze data, and implement corrective and preventive actions to improve processes.

* Communication Skills: Effective communication skills, both verbal and written, are essential for interacting with team members, stakeholders, and external parties. This includes the ability to convey technical information clearly and concisely.

* Computer Skills: Microsoft Office Suite (Word, Excel, PowerPoint), and other relevant software applications for data analysis, reporting, and documentation management, prior experience with ERP systems. Proficiency in Excel, experience in manipulating large databases a plus.

* Significant hands-on experience using an integrated ERP system.

* Solid understanding of manufacturing operations, inventory and cost accounting. Understanding of U.S. GAAP as it applies to a manufacturing environment is required.

* Must be a team player who also works well independently.

* Must be able to analyze data, draw conclusions, interpret results, and make recommendations.

The base pay range above represents the low and high end of the base compensation range we reasonably expect to pay for this position. Actual base compensation will vary and may be above or below the range based on various factors including, but not limited to, geographic location, actual experience, and job performance. This job posting is not a promise of any specific pay for any specific employee.

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