Job Reference 939RV99Y
JOB SUMMARY (OPTIONAL)
The Cost Accountant will report to the site Finance Mgr with a dotted line to the Cost Accounting Mgr. This position is responsible for ensuring that the standard cost of inventory for Material, Labor and Mfg Burden has been properly determined based upon the companys established Inventory valuation policies. In addition, this position is responsibie for the periodic update of the standard costs for the inventory of all sites assigned.
This position is responsible to ensure that all new inventory items (NPIs New Product Introductions) have been properly costed so that timely reporting of Cost of Sales can be determined in conjunction with the month end close schedule. This position is expected to work with Engineering and Sales (Quoting team) to ensure both BOMs and MoMs properly reflect accurate cost of an inventory item. This position is responsible to provide analysis on both Contribution Margin and Gross Profit Margin by both Verticals and Product Groups and to present their findings to the site Finance Mgr so that actionable decisions can be made to help improve profitability. This position is also responsible to assist in the budgeting process and ad-hoc reporting/projects for Strategic Business Units. Ad-hoc reporting and projects include data gathering, manipulation, summarization and analysis of financial and non-financial data identifying trends and opportunities.
DUTIES & RESPONSIBILITIES:
Maintain and/or update of accurate standard cost in the Companys ERP system.
Develop into an expert on the Inventory Module within the ERP system and to understand fully the transactions flow of the valuaton of inventory, related cost of sales and quanties on hand.
Ensure that inventory reserve policies are properly adhered to for all sites.
Enforce proper accounting policies and methods in accordance with GAAP/IFRS for inventory related accounts.
Responsible to respond to all audit requests when it comes to the valuation and costing of inventory.
Periodlcally review and obtain approval form Cost Accouting Mgr. before update of standard labor and burden rates
Timely preparation and presentation of Weekly, Monthly and Quarterly reporting in addition to Ad-hoc projects related to Valuaton of Inventory and Contribution Margin by Veritcal and Product Groups.
Hands-on participation preparing financial reports for key stakeholders (Board of Directors, Lenders, etc.)
Collaborate across functional departments to drive continuous improvements in reporting, budgeting, and analysis processes.
Conduct ad-hoc special projects to assist management in understanding business performance/processes.
JOB REQUIREMENTS:
- Deep understanding of of costing and valuation of inventory in a Mfg environment.
- Ability to work effectively with management and part of a team to meet targets.
- Strong attention to detail.
- High-level math skills and the ability to translate mathematical information into concise reports.
- Very Strong Excel skills able to use tools and shortcuts to work efficiently and effectively within Excel.
- Epicor experience a plus
- Excellent analytical and critical thinking skills able to analyze and solve problems.
- Knowledge of Accounting and Financial principles.
- Database experience a plus but not required.
- Ability to effectively communicate with other departments.
- Manufacturing experience in Plastic & metal.
- Able to work with minimal supervision
- Effective verbal and written communication skills.
- Should have sound practical judgment of priorities
Self-motivated, resourceful, and detailed-oriented, dead line driven