Cost Accountant
Job Summary
The position is responsible for developing and monitoring plant costs and operational metrics. Maintains SKU level cost standards in SAP. Prepares root cause variance analysis of actual to standard for materials and labor. Manages the month end cost rolls, participates in the month end close process, interprets operational reporting, monitors actual results, forecasts, plans, and analyzes.
Develops the annual plant budget, capital spending proposals, and new product costing. Assists with developing pricing quotations for the Sales and Marketing teams, as needed for new projects or engineering revisions. Maintains integrity between SAP and cost cards. Prepares financial analysis of new product performance against pricing assumptions. Assists in the preparation of Annual Operating Budget for the plant.
Prepares and reviews production metrics on a daily, weekly, and periodic basis. Analyzes manufacturing costs and prepares reporting comparing standard to actual production costs. Assists with the month end reporting, understanding overall plant financial performance against budget, participating in cost savings initiatives, and project savings calculations. Assists with the month end closing process, WIP reporting, bill on production reconciliation, journal entries, and variance to standard reporting.
Tracks and prepares special billing opportunities, including material and labor costs. Provides disposition costs into the QN process. Provides multi-site support. Specific reporting requirements include weekly labor reporting, weekly material usage reports, weekly KPI reporting, monthly KPI statistics, monthly lbs. reporting, monthly WIP reporting, monthly variance by customer reporting.
Job Duties
- Plant expert regarding the cost accounting system, upholding internal controls over financial reporting.
- Develop standard costs, update and create new Bill of Materials and Routings within SAP.
- Reconcile FT and temp employee labor hours between SAP and payroll system on a weekly basis.
- Prepare monthly journal entries for inventory related adjustments.
- Aid production management with assessment of “continuous improvement” projects and processes. Measure and report progress toward planned goals.
- Analyze manufacturing costs and prepare reporting comparing standard to actual production costs.
- Work with Plant leadership team in preparation of pricing quotations for the Sales and Marketing teams, as needed for new projects or engineering revisions.
- Maintain integrity between SAP and cost cards.
- Prepare financial analysis of new product performance against pricing assumptions.
- Aid in the preparation of Annual Operating Budget for the plant.
- Prepare and review production metrics on a daily, weekly, and periodic basis.
- Analyze and monitor production line capacity, utilization and performance.
- Create SAP Routings.
- Assist with preparation of analysis of capital expense projects, continuous monitoring of spending against CAPEX and ROI assessment.
- Monitor both the frozen and current standards within the system, ensuring the current routing data matches playbooks.
- Assist with month end reporting, understanding overall plant financial performance against budget, participating in cost savings initiatives and project savings calculations.
- Aid with the month end closing process, WIP reporting, bill on production reconciliation, journal entries and variance to standard reporting.
- Track and prepare special billing opportunities, including material and labor costs.
- Provide disposition costs into the QN process.
- Provides multi-site support.
- Specific reporting requirements include weekly labor reporting, weekly material usage reports, weekly KPI reporting, monthly KPI statistics, monthly lbs. reporting, monthly WIP reporting, monthly variance by customer reporting.
Required Competencies & Knowledge
- Knowledge of: Procurement, manufactured products, and production processes.
- Knowledge of accounting and finance principles.
- Experience with SAP Cost Accounting or Manufacturing accounting.
- Proficiency in Excel, Word, and PowerPoint.
- Strong analytical and interpersonal skills.
- Ability to effectively interface with plant and corporate office personnel.
- Strong oral communication skills required.
- Ability to effectively work as part of a team in a fast-paced environment and handle multiple assignments simultaneously.
- Proficiency in: MS Office Suite and SAP.
Position Qualifications
- Bachelor’s Degree is required.
- Minimum of three years’ experience with Manufacturing/Cost Accounting in an industrial sector, preferably high-volume manufacturing.
- Preferred food or pharma industry experience.
Work Environment
Work is primarily done in an office setting at supported plant(s). Infrequent production environment exposure which includes noise, dust, moving machinery, fork lifts, and fluctuations in temperature. 10% of time will be spent on the production floor so GMP’s must be followed.
Physical Requirements
- Sitting at a work station for extended periods of time.
- Stand, walk, climb stairs on an infrequent basis.
- Must be able to lift 20 pounds on an infrequent basis.