Cost Accountant

Position Title:              Cost Accountant                                         

Wage/Hour Status:    Exempt

Reports To:                  Plant Manager                                          

Last Revised:               February 2025

Company Summary:

At F-Wave™ we have one simple mission: create the best shingle the world has ever seen. Period. Our products represent a breakthrough in manufacturing technology, material science, and intelligent product design.

We are creating a fast-growing company with core values that reflect the character of our leadership team. We need innovative, creative, and forward-thinking people to support our mission!

Position Summary:

The Cost Accountant will collect and analyze complex financial information related to the organization’s expenses, seeking ways to improve the accuracy of budgets and forecasts and to decrease the cost of departments and projects. This person requires acute attention to detail, sensitivity to meeting deadlines, advanced critical thinking skills, and a commitment to process improvement. The weekly work schedule requires an office presence Monday through Friday. Standard business hours (8-5) with possible additional hours during peak times at month-end and quarter-end. This role has upward mobility for a candidate that demonstrates a strong work ethic and hunger for process improvement.

Desired Skills:

·       2-3 years of cost accounting experience in a product manufacturing or chemicals        manufacturing environment

·       Strong knowledge of accounting theory, cost accounting concepts, and applications of principles (GAAP)

·       Efficient with large data sets and analytical outputs

·       Advanced Excel and BI skills

·       Thorough understanding of cost accounting principles and procedures

·       Excellent organizational skills and attention to detail

·       Strong analytical and problem-solving skills

·       Proficient with Microsoft Office Suite or related software

·       Proficient with learning and using company ERP systems

·       Ability to analyze production work orders

Role & Responsibilities:

• Excellence in Financial Reporting
• Preparation and review of month-end journal entries
• Review inventory-related reconciliations in Blackline
• Periodic inventory variance analysis with a high knowledge of inputs and drivers
• Ensure completion of all inventory and manufacturing controls
• Lead in the timely submission of audit requests for inventory testing
• Product Cost Accuracy
• Own and coordinate execution of cost rolls with clear communications to the business
• Detailed cost analysis and development standard operating review process
• Evaluate labor and overhead rates for manufacturing in the ERP system; propose adjustments to reflect “true” product cost/profitability
• Review Bill of Materials, Routings, Overhead Rates, throughput rates, and purchased raw material prices
• Prepare product costing and profitability analysis
• Inventory
• Use data, analytics, and business knowledge to help support a “healthy” inventory level for the business
• Analyze inventory turns by product and find opportunities to improve within that product's unique supply chain context
• Lead physical inventory counts, review, and analysis
• Reporting & analytics
• Understand and explain manufacturing variances in the monthly P&L. Guide any operational changes needed to rectify variances
• Develop and standardize automated labor utilization/efficiency/productivity metrics and collaborate with sites to drive targeted outcomes
• Monitor variable costs that do not exceed volume trends
• Ad-hoc financial reporting and analysis as needed by management
• Finance Support
• Develop KPIs and a dashboard to help the manufacturing function and non-financial business leaders understand significant cost trends
• Partner with supply chain to manage commodity cost tracking and monitor financial impacts
• Support inbound and outbound freight analysis and forecast models
• Enhance and maintain internal capex tracking and forecast

Safety:

·       Maintain a safe work environment

·       Reporting any accident or unsafe act

·       Implementing preventative measures or correcting reported situations within department.

·       Wearing designated PPE as required by company policy

Work Environment:

This job operates in an office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines. This position makes regular visits to the production floor.

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. The employee frequently is required to sit; stand; walk; use hands to finger, handle or feel; and reach with hands and arms. The employee must sometimes lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds.

            Other Duties:

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

Job Type: Full-time

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Vision insurance

Schedule:

• 8 hour shift

Application Question(s):

• Do you now, or will you in the future, require sponsorship?
• What is your salary requirement?

Work Location: In person