Cost Accountant

Job Summary

As part of the Accounting Department, the Cost Accountant is a supporting resource managing Product Costing, Work Order Closure Gains/Losses, Metal Management programs including refining relationships, metal locks and metal inventory accuracy for all locations. Supervisory Responsibilities: None

Duties/Responsibilities

• Inventory Costing and Controls:
  • Participate in the annual cost roll by reviewing material costs and calculating direct labor and overhead rates.
  • Prepare periodic job order variances reporting and assist with variance review.
  • Reconcile copper ledger scrap reporting to physical scrap.
  • Absorb monthly metals reconciliation to the ledger and bank balances.
  • Absorb assistance with annual physical inventory count as needed.
  • Calculate and report on cycle count accuracy and perform quarterly cycle count audits.
  • Absorb assistance with review of Metal gains and losses.
  • Prepare quarterly Excess and Obsolete inventory reports and coordinate scrap of obsolete items.
  • Update item Master in M2M system as necessary.
  • Roll standard cost for individual items as needed.
  • Prepare various inventory turn reporting (Metal turns, inventory turns) and labor reporting.
  • Investigate labor reporting errors; reconcile the Screw Machine Department scrap.
  • Perform various inventory transactions in the M2M system.
  • Maintain monitoring of tooling job orders.
• General Ledger and FP&A:
  • Perform timely and accurate month-end close activities including journal entries and reconciliations.
  • Provide support for an annual financial audit.
  • Participate in preparation of quarterly forecasts and annual budget.
  • Absorb assistance in validation of budgeted headcount to production hours during annual budget process.
  • Support the Cost Accounting Manager in review of margins and product costing.

Required Skills/Abilities

• Ability to navigate Job Costing/Inventory Control System.
• Strong Excel skills are crucial.
• Good written and oral communication skills with management and personnel are necessary.
• Be neat and detail oriented.
• An affinity for numbers is vital.

Experience & Education Requirements

• Bachelor’s degree with a concentration in Accounting is required.
• Demonstrated knowledge of inventory control.
• Demonstrated management of inventory movement controls and costing.
• 2-3 years of experience in a manufacturing environment.

Physical Requirements

• Prolonged periods of sitting at a desk and working on a computer.
• Must be able to access and navigate each department at the organization’s facilities.
• Some domestic and international travel might be required.