Description Applies cost accounting principles to prepare cost quotes, analyze financial information, prepare financial reports and assist the Controller with month end activities. Provides analytical support to business unit through maintaining the cost accounting systems, audits, and reporting for Management.
Creates and maintains product structures, standard cost files, and labor and warehousing requirements. Completes entries for line extension forms and discontinued item forms. Develop cost estimates for new business including analysis and necessary follow-up.
Assist the Controller on projects relating to budgeting, insurance, taxes, audit, and capital requests.
Month end work including preparation of journal entries, analysis of accounts and reports, and assist the Controller as needed. Variance Analysis including component and finished goods inventories, production and labor. Assist in completing the monthly balance sheet reconciliation.
Variance Analysis: Assess plant variances throughout the month to better understand. Work with plant management to create awareness and come up with process improvements for better efficiencies.
Participation in ongoing Sarbanes-Oxley compliance reviews and maintenance.
Involvement in the plant manufacturing process by spending time in the plant to understand the key issues (ex. Downtime and the reasons for, waste on the lines, etc.) that drive the plant variances. Working together with the plant management staff to develop controls or new processes to eliminate or reduce plant variances.
Support sales and operations with accurate and timely new product cost requests.
Maintenance of cost accounting system to ensure accuracy of standard costs. This includes periodically updating the bill of material and cost component file and reviewing cost edit reports for missing costs.
Month end: Key contributor to month end close process includes the following: Month end journal entries and account reconciliation analysis. Validation of change in standard entry. Coordinates material usage and purchase price variance analysis for the plants. Provide back up to Controller for month end close.
Profit Plan: Active participant in the annual profit plan process. Develop new labor / overhead rates and input and analysis of new component standards.
Forecasts: Active participant in developing monthly forecast. Maintain database of actual costs vs. budget vs. forecast. Solicit input from Ops Team. Stay abreast of Plant activities to incorporate into forecast.
Miscellaneous: Includes but not limited to tracking cost saving initiatives, active participation in daily plant management meetings, assist the Controller with Sarbanes-Oxley testing and review of internal controls, perform manufacturing and warehousing overhead allocation studies as needed.