About the Role
The Cost Accountant position is responsible for monitoring, collecting, updating, analyzing, summarizing and evaluating cost related information. This position assists management decision making by continuous improvement of cost management processes and models to support margin analysis and operating performance. The ideal candidate will be able to multitask, budget their time, and communicate effectively with team member and external auditors.
Assist with the monthly financial close process and ensure the accuracy of system generated transactions and manual entries
Prepare journal entries and account reconciliations to assist in the month-end close process
Analyze and report monthly inventory variances.
Monitor, analyze and report on cost trends of inventory and raw materials to interpret overall cost of goods sold and margin variations
Perform heavy data manipulation within Excel
Compile, analyze and communicate monthly scrap and shrinkage results and identify areas for scrap reduction and margin enhancement.
Review/compare various inventory reports to identify discrepancies and make proper recommendations
Review existing processes, tools and controls for opportunities to improve effectiveness and to transfer best practices across the organization and change them accordingly
Interact with cross-functional teams such as manufacturing, supply chain, procurement, and other departments to better understand their needs and to be proactive and resolve issues in a timely manner
Maintain clean documentation and supporting data for each completed task
Provide full support during company financial audits
Perform various ad hoc analyses to support cross-functional teams including finance, accounting, purchasing, manufacturing, etc.
Responsible for updating standard costing on a regular basis using Excel.
Full-cycle of all accounting functions when needed.
Maintain the financial schedules, forecasts and worksheets as needed, work closely with the Sales and Marketing department as needed.
Assist with month-end and year-end close
Actively involved with financial audit requests.
Responsible for fixed assets /cip
Work on special projects as required
Strong understanding of GAAP and cost accounting (standard costing, accounting for variances, determination of overheads)
Experience working in a manufacturing environment
Ability to research, compile, analyze and interpret data
Detail oriented and the ability to thrive in a dynamic and fast-paced organization
Strong written, verbal communication and organizational skills
Advanced knowledge of Microsoft Excel (e.g. pivot tables, v-look up, filter, etc.)
Knowledge of QuickBooks is a plus.
Must be able to adapt to new and different computer programs and software to enable efficient data gathering and analysis
Problem solving and analytical mentality/skills
Must be highly organized with a strong attention to detail
Excellent communication both written and verbal is required
Manufacturing experience preferred, but not required.
Education and/or Experience:
Bachelor degree in Accounting or Finance and 3-5years’ experience in a manufacturing environment and/or an equivalent combination of both experience and
About the Company