What are the responsibilities and job description for the Cost Accountant position at TT Electronics plc?
Company Overview
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When you join TT, you join our global community of visionaries, creators, and achievers dedicated to engineering and manufacturing electronic solutions enabling a safer, healthier and more sustainable world. Simply put, we are a global manufacturer with a passion for engineering advanced electronics that benefit our planet and people for future generations. We are committed to having a positive impact on the world through a culture built around safety, transparency, collaboration, and positive relationships. Our teams are fueled by performance and expertise, leading the charge in innovation, efficiency and delivering world-class customer service. Be part of the journey.
Role Overview and Responsibilities
Introduction
The Cost Accountant is a key member of the TT Electronics accounting team. This role is responsible for reporting, audit compliance, process improvements, and driving business results with the team.
Key Responsibilities
- Perform a combination of cost accounting tasks on production contracts and provide general accounting support at month end closings.
- Analyze material, labor, and overhead cost variances.
- Provide oversight, analysis, and reporting of company inventory.
- Preparation of monthly journal entries, analysis of invoicing, reconciliation of assigned balance sheet accounts, assignment of account coding and approval of expenditures.
- Create/Update new standard costs as requested.
- Assist with the annual standard cost roll for various business groups.
- Manage monthly, quarterly, and year-end cost accounting close requirements to meet corporate deadlines.
- Prepare recurring and adjusting journal entries as part of the month end close process.
- Prepare cost accounting reports to monitor manufacturing expenses and inventory trends.
- Review and explain month end manufacturing variances between actual and standard costs.
- Monitor and observe cycle counts as required.
- Prepare monthly account reconciliations and input into corporate central database.
- Manage monthly scrap process.
Qualifications, Skills and Attributes
Core Requirements
- Bachelor’s degree in accounting, finance, business administration with an emphasis in accounting, or a related field.
- Experience with ERP systems.
- Cost accounting experience in a manufacturing environment.
- Detail oriented.
- Ability to work with diverse teams with multiple priorities.
- Experience with complex software systems.
- Strong problem-solving ability and experience identifying root causes.
- CPA preferred.
This position requires use of information which is subject to the International Traffic in Arms Regulations (ITAR). All applicants must be US persons within the meaning of ITAR. ITAR defines a US person as a US Citizen, US Permanent Resident (i.e., "Green Card" Holder), Political Asylee, or Refugee.
Solving Technology Challenges for a Sustainable World
We want the very best people in our TT family across the globe – so we welcome applications from everyone, to celebrate a diverse mix of experiences, backgrounds and identities. We are committed to equality of opportunity for all and you can rest assured that TT Electronics takes positive steps to ensure we are an inclusive business, that will welcome and support you, from your initial application to wherever your career takes you! Please get in touch if you’d like to discuss any reasonable adjustments to your application, in order that we can accommodate and support you in the process. If you want to work for a company where who you are is valued and respected, we’d love to hear from you.
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TT Electronics does not accept any unsolicited resumes from third parties. Any resumes submitted by a third party for this or any other position will not be subject to any recruitment fees if hired.
