Job Title: Senior Cost Accountant
Department/Location: Finance
Directly Reports to: Controller
FLSA Status: Exempt Salary
Date Prepared: MAY 2021
GENERAL PURPOSE OF POSITION
This position is responsible for all cost accounting functions including financial analysis and controls, budgeting analysis and controls, inventory reporting and analysis, and a range of other activity. This position also assists in developing cost accounting procedures. This position is responsible for the creation and maintenance of the company’s annual CAPEX-BUDGET.
ESSENTIAL JOB DUTIES AND RESPONSIBILITES
- Responsible for creation of annual budget and forecasts
- Responsible for all cost accounting reporting and reviews
- Provides controller’s assistance with monthly material cost estimate/inventory valuations to ensure the system is costing items appropriately.
- Responsible for the proper accounting of fixed assets including related documentation and annual physical fixed assets inventories. Responsible for Maintenance of the CAPEX-BDG and monthly reviews
- Analyzes financial data to expose any information useful in improving operating efficiencies and changes in product design, raw material, manufacturing methods, or services provided, to determine effects on cost.
- Assists in identification of continuous improvement savings and responsible for their reporting to Mgmt.
- Provides management with reports specifying and comparing factors affecting prices and profitability of products or services and develops and installs cost accounting system
- Ensure validity and accuracy of ERP through analysis, internal audit, and coordination with inventory control, production and work order processing.
- Assists in developing and documenting policies and procedures, including system requirements and internal controls.
- Other duties as assigned
EDUCATIONAL AND EXPERIENCE REQUIREMENTS
- Bachelors degree in Accounting or related discipline preferred
- 7+ years experience in Cost Accounting
- Manufacturing background (at least 3-5 years accounting experience in mfg environment)
JOB KNOWLEDGE, SKILLS AND ABILITY REQUIREMENTS
- Knowledge of inventory control, budget analysis, P/L reports, and financial controls
- Computer literacy including Microsoft Office, Outlook, and especially advanced Excel skills (pivot tables, graphs and advanced formulas)
- Must have a strong Cost systems background and have excellent analytical skills; sound understanding of accounting principals.
- Understands the demands of the financial close, forecasting, and budgeting process
- SAP experience (3 years +), primarily an understanding of material and cost flows
- Ability to multi-task
- Strong problem solving skills
- Good organizational skills
- Ability to work with colleagues and superiors at all levels
- Good communication skills within the department as well as with other departments
- Dependability on a daily basis
- Positive attitude, flexibility
PHYSICAL REQUIREMENTS
- Ability to walk, stand, push, pull, reach overhead, bend, kneel, crouch and executive repetitive motions 75% of the scheduled shift.
- Ability to lift 10- 20 lbs. periodically during the scheduled shift.