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This role is responsible for ongoing analysis of inventory, production costs, margin analysis, and aligning costs with related activities. The Cost Accountant will deliver current and accurate information to enable strong business decisions regarding production efficiency, inventory management, and product pricing.
Job Responsibility:
Conduct ongoing analysis of inventory, production costs, profit margins, and trace costs to underlying activities and drivers
Build and monitor cost-effective data accumulation systems
Develop, implement, and review controls needed for data accumulation and reporting
Establish and maintain accurate absorption rates for labor and overhead by plant and work center
Coordinate routine physical inventory counts and cycle counts, investigate variances, and resolve discrepancies
Maintain and review standard costs
compare standards to actuals, perform variance analysis, and ensure GAAP compliance
Prepare and present comprehensive reports to leadership on production costs, inventory trends, and pricing strategy impact
Complete month-end tasks related to inventory, material costs, margin, and financial analysis, including adjustments and reconciliations
Identify, manage, and dispose of obsolete inventory as necessary
Perform production walks at manufacturing sites to better understand processes, variances, reporting gaps, and the true cost buildup
Support general accounting projects and other assignments as needed
Requirements:
Minimum of Associate's Degree in Accounting or related field, Bachelor's preferred
Minimum of 1 year of manufacturing cost accounting experience or general cost accounting coursework in college
Advanced critical thinking and analysis skills to develop recommendations and solutions
Knowledge of standard costing and associated rates with the ability to develop a cost accounting system with verifiable and accurate reporting
Ability to work well with varying skill levels in multiple functions/departments (plant floor to upper management)
Desire to work in a team-oriented environment with excellent verbal and written communication skills