Cost Accountant

Mestek Machinery is the industry-leading designer and manufacturer of the most complete, productive, and innovative metal forming solutions for the fabrication of HVAC sheet metal ductwork and fittings. Our family of companies –- Lockformer, Engel, Iowa Precision, Roto-Die, have decades of experience addressing every facet of the HVAC duct industry. The result is a combined knowledge and experience that develops cutting edge, precision technology and automated manufacturing equipment that improves productivity while ensuring the highest-quality finished ducts and fittings.The Cost Accountant will provide financial information to the Controller and President of the company with additional reporting to our Corporate Controller and CFO. The candidate will be responsible for planning and collecting all financial data for the business activity.

Job Description

The Cost Accountant will provide financial information to the Controller and President of the company with additional reporting to our Corporate Controller and CFO. The candidate will be responsible for planning and collecting all financial data for the business activity.

Core Hours: Monday-Friday 7:30 am-4:30 pm

Wage range: $67,500-90,000 exempt, depending on experience/education.

Requirement of working onsite for this position.

Essential Duties

• Financial Analysis
  • Prepare 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
  • 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
  • Review and approve vouchered payables and expense reports.
  • Verify account number and required backup information.
  • Perform monthly bank reconciliations.
• Accounts Receivable
  • 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
  • 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
  • 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 5 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.

Physical Demands

The individual will regularly be required to stand. The individual will frequently be required to walk; use hands to finger, handle, or feel; reach with hands and arms and talk or hear. The individual will occasionally be required to sit; climb or balance and stoop, kneel, crouch, or crawl. The individual must occasionally lift and/or move up to 50 pounds. Specific vision abilities required by this role include close vision, distance vision, peripheral vision, and the ability to adjust focus.

Work Environment

The work environment characteristics described here are representative of those individuals encounter while performing the essential functions of this job. While performing the duties of this role, the employee is regularly exposed to moving mechanical parts. The noise level in the work environment is usually moderate.

This position requires the ability to pass a competency test, pre-employment drug test, and background check.

Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.