COST ACCOUNTANT

JOIN THE JMC WOOD TEAM!

For five decades, JMC Wood Manufacturing has built its reputation on providing high-quality wood lamination and fabricated part solutions to its customers. Over the years, we’ve developed an impressive array of manufacturing resources. The heart of our operation is the extra attention and service we give our customers. Our staff takes pride in being experts in Laminating Papers and Vinyl to Full Sheets, Profile Wrappings, Membrane Pressing, Boring & Routing, Miter-Folding, Straight-Line & Contour Edge banding, Moldings, Cut-to-Size Parts and T-Molding. If you have a passion for working with a talented team, this may be the place for you!

ABOUT THE JOB

The cost accountant is a financial professional responsible for maintaining accurate inventory records, reconciling inventory transactions to ensure financial reporting accuracy, often collaborating closely with operations and purchasing departments to optimize inventory management and cost control within the company. Further, they will analyze and report on the company's operational costs, including tracking expenses, calculating product costs, identifying cost variances, and recommending cost-saving measures to optimize profitability by preparing detailed reports and assisting with setting and determining compliance with KPI’s

Shift Hours: Monday through Friday, Start time between 7am and 8am, 8-hour shift

KEY RESPONSIBILITIES:

• Maintaining detailed inventory subledgers, tracking inventory movements (receipts, transfers, issues) and ensuring accurate quantity and cost data is recorded.

• Calculating standard costs for products by analyzing raw materials, labor, and overhead expenses, and updating cost structures as needed.

• Gathering and analyzing data on production costs, labor costs, material costs, and overhead expenses to identify areas for improvement.

• Performing regular cycle/physical inventory counts to verify system accuracy and identify discrepancies.

• Comparing actual production costs to standard costs, identifying variances and investigating root causes to improve cost control.

• Preparing journal entries related to inventory, reconciling inventory accounts, and contributing to the financial reporting process.

• Generating reports on key inventory metrics like cost of goods sold, inventory turnover, and inventory aging to provide insights to management.

• Working closely with operations, purchasing, and sales teams to ensure smooth inventory flow and accurate cost reporting.

• Maintaining internal controls over inventory to prevent errors and fraud, suggesting increased controls when need identified.

• Assisting with internal or external audits by providing documentation and data.

• Assist Controller with daily and monthly operations and KPI reporting specifically related to scrap/quality, labor productivity, daily quantities manufactured, etc.

• Organizing and filing financial documents.

ADDITIONAL RESPONSIBILITIES:

• Cross train with other members of the department to ensure smooth operations in times of breaks and leaves.

• Document processes and procedures to compile a consistent, reliable and streamlined operation regardless of who is completing the task assigned.

• Other duties as assigned by management.

MINIMUM QUALIFICATIONS:

• Completion of a bachelor’s degree in accounting, finance, or a related field

• 2-3 years relevant work experience in cost accounting

REQUIRED SKILLS:

• Strong understanding of inventory accounting principles and generally accepted accounting standards (GAAP)

• Proficiency in ERP systems and inventory management software, experience with NetSuite is preferred.

• Strong analytical skills to interpret financial data and identify trends

• Excellent understanding of cost accounting principles and methodologies

• Excellent attention to detail and accuracy in data entry and reporting

• Excellent communication and collaboration skills to work with cross-functional teams

• Strong critical thinking and problem-solving abilities to identify and address cost issues

• Experience in manufacturing or distribution environments is preferred

WHAT WE OFFER

• Competitive Pay

• Fast Paced Environment

• PTO

• Paid Holidays

• Short and Long-Term Disability

• Life and AD&D

• 401K with Match

• Discretionary Profit-Sharing Plan

JMC Wood is an Equal Employment Opportunity Employer. We are committed to equal opportunities for all applicants and employees without regard to ability, age, ancestry, color, cultural background, faith/religion, gender, gender identity, gender expression, genetics, income, marital status, national origin, political belief/affiliation, pregnancy, race, sex, sexual orientation, veteran status, or any other characteristic protected by applicable law.