What are the responsibilities and job description for the Cost Accountant position at Mestek Machinery?
The JR Cost Accountant will provide financial information to the SR Cost Accountant and President of the company with additional reporting to our corporate office. The candidate will be responsible for supporting the SR Cost Accountant with planning and collecting all financial data for business activity.
Core Hours: Monday-Friday 7:30 am-4:30 pm
Essential Duties
- Support the Sr Cost Accountant with preparing a balance sheet, a P & L statement as well as weekly/monthly backlog, Gross Profit, Weekly Job Cost Summary, and Labor reports as well as other financial reports for all areas of the business applying GAAP principles.
- Oversees weekly, monthly, and year-end financial reporting functions including journal entries and account reconciliations and integrates the data into the corporate financial database.
- Develop and maintain KPIs, performance metrics, and trend analysis on business results.
- Analyzes and maintains a complete and accurate inventory valuation and general ledger; updating standard costs as they relate to labor, material, and overhead.
- Works with the Operations, Manufacturing, and Purchasing Manager to direct the annual physical inventory.
- Job Costing support to the SR Cost Accountant.
- Reconcile and maintain work-in-progress inventory and fixed assets.
- Coordinate monthly close between departments.
- Review and approve commission and royalty payments to dealers, and payees as per contractual obligations.
- Cash Management back up.
- Review and approve vouchered payables and expense reports.
- Verify account number and required backup information.
- Perform monthly bank reconciliations.
- Accounts Receivable back up.
- Run daily AR invoices, register, and process corporate requirements to be submitted to the corporate receivables department, and assist in cash application and collection calls as necessary.
- Inventory support.
- Responsible for the successful coordination and reporting of the annual inventory to include periodic cycle counts and reviews of overages/ shortages with the Operations Manager and Warehouse Department.
- Accounts Payable back up.
- Become knowledgeable with GL accounts.
- Everyone in accounting is required to be proficient in the payables process.
Preferred Experience
- Bachelor’s degree in Accounting or Finance with a minimum of 2 years of cost accounting experience in an OEM manufacturing environment.
- Must have expert-level Excel skills as well as be proficient in Word and PowerPoint.
- Possess strong math and analytical skills, and excellent communication, presentation and organizational skills.
- Operationally focused while positively in the financing environment.
