Jobs · Accounting · Pennsylvania

Senior Cost & Inventory Accountant

Quaker Houghton · Pennsylvania, United States · 2 wk ago
AccountingFull-time

What will you do?

  • Work with the Americas Cost Accounting Manager to assist in and drive improving the Cost Accounting processes.
  • Perform daily operations of the local/regional and global (central) Cost & Inventory Accounting, from standard cost setting to monthly variance analyses and reporting, month-end activities, inventory valuation, and cost reporting.
    • Adhere to the annual and monthly standard costing process for calculation, review, and update of standard costs.
    • Adhere to global Cost & Inventory Accounting policies and procedures to establish a consistent approach for Cost & Inventory Accounting processes.
    • Communicate with finance and supply chain stakeholders for raw material prices, landed cost data, production (master) data and questions related to cost variances and cost reporting.
    • Handle costing issues that need resolution in an independent manner
    • Reporting of product costs, cost variances and inventory valuation per SOX control and business control requirements
    • Analyze and prepare monthly cost variance reporting for the analysis of purchase price and manufacturing variances.
    • Prepare journal entries.
    • Perform month-end and year-end cost & inventory accounting activities, including ensuring financial accuracy of postings and COGS object accounts and performing necessary account reconciliations.
    • Support both internal and external audit teams by providing requested documents and approvals.
    • Follow and communicate policies and procedures to establish a consistent approach across the organization for cost and inventory accounting processes.
    • Provide support for transformation activities for the improvement of Cost & Inventory Accounting processes.
    • Adhere to a culture of continuous improvement, automation, digitization, adherence, and proactively propose enhancement to Global Standards.
    • Ensure application of the global process, governed by a set of clearly defined controls.
    • Act as point of contact for operational Cost & Inventory Accounting for other finance and business stakeholders.

    Education, Experience and Training

    • Bachelor’s degree (BS) in accounting, finance, or related field required. CPA or equivalent a plus.

    Required Skills and Competencies

    • 5-7 years finance experience, with minimum of 2 years in manufacturing sectors
    • Experience with cost & inventory accounting
    • Ability to professionally communicate with all levels of the organization
    • Attention to detail and proven organizational skills
    • Ability to solve problems and work in an autonomous manner
    • Intermediate to advanced MS Excel skills
    • Interest and proficiency with using technology, including ERP, business intelligence, reporting, and AI tools.
    • Motivated by continuous learning and growth, with a mindset that challenges the status quo.

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