Basic Function and Responsibility:
Provide cost/general accounting support to the PVF
Essential Functions and Responsibilities:
- Responsible for developing and maintaining accurate standard cost, including variances analysis, gross margins, intercompany transfers and monitoring various usage or scrap costs related to the manufacturing process
- Lead role in developing annual budget and forecast as required, including analysis for new product initiatives including development of product standard costs
- Determine inventory reserves for obsolete inventory, manage inventory cycle count program, prepare annual inventory revaluation and monthly capitalized variance analysis.
- Manage month end costing close, prepare journal entries and assist overall closing process.
- Provide general accounting and financial analysis support for accounts payable and procurement activities related to costing close and account reconciliation.
- Assist with capital expenditure process and fixed asset accounting.
- Support the development and maintain cost accounting system, documentation, and records
- Determine the costs and efficiency of company purchasing activities
- Review costs for all external inventory, labor, and material purchases
- Coordinate cost accounting procedures and activity across the enterprise to ensure standardization and consistency
- Gather and analyze cost data to investigate discrepancies in inventory
- Generate reports relating to inventory, material costs, and labor and overhead rates
- Perform General Ledger account analysis and reconciliation related to inventory and cost accounts
- Timeliness of reports
- Technical accounting skills
- Support process improvement and automation
- Analysis for recommended solutions
- General Ledger reconciliations
Qualifications
Characteristics/qualities (knowledge, skills, abilities): *
- Develop and maintain standard product costs.
- Journal entries related to operations of the plant.
- Monthly balance sheet account reconciliations.
- Standard cost build-ups for annual operating Plan (Budget).
- Develop cost for new or planned products.
- Calculate reserve requirements for destruct, excess and obsolete inventory.
- Reconcile general ledger to perpetual inventory records.
- Review accuracy of bills of material, routers, work centers, and scrap rates in the manufacturing system.
- Analyze production results to determine root cause of spending and absorption variances.
- Analyze return of investment on capital projects.
- Conduct a periodic audit of cycle counts and/or audit the annual physical inventory.
- Assist with special projects as deemed necessary by management.
Education/Training/Work Experience
- Four-year college degree in the field of accounting (BS Accounting)
- 5+ years experience in a manufacturing environment
Specialized Knowledge and Skills
- Solid understanding of cost accounting principles.
- Possess strong general accounting skills.
- Exhibit sound interpersonal and communication skills.
- Advanced knowledge of Microsoft Excel (vlookup, pivot tables, sumif) and ERP computer systems (SAP or Quick Box).
- English fluent
