What are the responsibilities and job description for the Cost Accountant position at IFABCORP?
Primary Responsibilities:
- Create a proposed Cost Accounting structure for the company.
- Manage and oversee all aspects of cost accounting, including tracking and reporting of production costs, materials, labor, and overhead.
- Develop, maintain, and analyze standard costing models, identifying variances and recommending corrective actions.
- Collaborate with production and operations teams to identify cost-saving opportunities and improve efficiency.
- Prepare detailed financial reports, including cost analysis, budgeting, and monthly close activities.
- Ensure accurate inventory valuation and compliance with company policies regarding inventory management.
Secondary Responsibilities:
- Support operational turnaround efforts by analyzing cost structures, identifying inefficiencies, and implementing cost-control measures.
- Provide financial insights to leadership for forecasting, budgeting, and strategic decision-making.
- Maintain and enhance cost reporting processes within the SAGE ERP system.
- Develop and enforce internal controls to ensure accurate financial reporting and adherence to accounting standards.
Qualifications:
- Bachelor’s degree in Accounting, Finance, or a related field. CPA, CMA, or equivalent certification is a plus.
- Minimum of 5-7 years of cost accounting experience in a manufacturing environment.
- Proficiency with SAGE ERP systems, with experience leveraging ERP tools for analysis and reporting.
- Proven track record of contributing to successful turnaround projects or high-pressure operational improvements.
- Strong analytical skills with attention to detail and the ability to communicate financial insights effectively.
Preferred Traits:
- Hands-on experience in cost optimization and process improvement in manufacturing operations.
- Familiarity with GAAP and compliance requirements in manufacturing.
- Proactive problem-solving mindset with excellent cross-departmental collaboration skills.
