Cost Analyst

Job Description

Summary

The purpose of this position is to ensure the adequacy of controls and accuracy of reporting relative to inventory. The Cost Analyst will assist the Plant Controller to determine that manufacturing and inventory movement data is translated into appropriate general ledger entries. They will assist with all closing responsibilities, analyze manufacturing variances and prepare supporting analyses to the financial statements. 

Reporting Relationship

Cost Analyst reports to the Plant Controller and dotted line to the Plant Manager. This position also works closely with the Division Controller/Accounts Payable/Accounts Receivable and the Plant location’s operating personnel.

Essential Duties and Responsibilities

• Works with the plant-manufacturing personnel to reinforce floor reporting procedures and to assist them with the recording activity to ensure data integrity on inventory reporting.

• Assists plant-manufacturing with cycle counting and physical inventories to ensure accurate reporting of inventories and adjustments.

• Assist with the entry of BOM.

• Reviews and update standard costs for part numbers in the bill of materials.

• Prepares PPV variance analysis and reporting.

• Validates the cost of goods sold as part of the month-end close.

• Prepare analyze and report weekly, monthly, quarterly margins analysis by customer type

• Assist in month-end closing, prepare journal entries, analyze inventory evaluation and inventory roll forward

• Coordinate with IT department for system issues, maintenance and development such as production purchasing, receiving shipping and other

• Analyze cost accounting data and assist with cycle count/physical inventories.

• Maintain internal control documentation and test internal controls

• Prepare detailed account analysis and reconcile balance sheet accounts.

• Work on special projects as assigned

• Assist with monthly inventory reconciliations and analysis.

• Supports the annual budget process.

• Participates in the annual standard cost update including the preparation of annual work center variable and fixed rates per hour.

• Assists in the year-end audit; observes and audits physical inventories, prepares various schedules for the auditors and collects documentation to satisfy audit requests.

• Other duties and tasks assigned by the Plant Controller and/or Plant Manager.

Qualifications

Qualifications

• To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education Requirements

• Bachelor’s degree in Accounting or Finance

Experience

• Must have a minimum of 3-5 years’ experience in the manufacturing industry. Experience in the implementation of policies, procedures and controls to meet the requirements of Sarbanes-Oxley are a plus.

Ideal Candidates Will Also Possess

• Excellent detail orientation and time management skills

• Ability to prioritize work flow

• Flexibility in approach and willingness to adapt when necessary

• Proactive and action-oriented personality; comfort with fast pace and strong sense of urgency

• Ability and experience working productively and proactively both independently and as part of a team

• Strong interpersonal skills

• Proven problem solving skills with a solutions focus

• Strong math and analytical skills

• Excellent oral and written communications skills

• Excellent computer skills (see below)

Computer Skills

• Thorough familiarity and proficiency in the use of Microsoft Office (Outlook, Word, Excel and Power Point) is required. Knowledge and use of Outlook soft (or similar) and accounting software (General Ledger, Payroll, Accounts Payable, Inventory, Manufacturing) would be beneficial.

Physical Demands

• Degree of Physical Demands (Strength) usually associated with this classification:

Light work: Exerting ten (10) to fifteen (15) pounds of force infrequently.

• Environmental Conditions (Physical Surroundings) usually associated with this classification: 

Incumbent is subject to internal office conditions and infrequently exposed to plant conditions such as exposure to loud noise(s).

• Environmental Conditions (Hazards) usually associated with this classification: 

N/A

Additional Information

All your information will be kept confidential according to EEO guidelines.