What are the responsibilities and job description for the Senior Cost Accountant - Hybrid position at Young Innovations, Inc.?
Company Summary
Young Innovations, Inc. is a leading developer, manufacturer and distributor of high-quality professional dental products designed to improve the clinical experience for dental professionals and patients. Young consistently delivers a diverse and innovative portfolio of highly-recognized, proprietary brands and private label/OEM options to oral healthcare practitioners and patients.
Job Summary
You be responsible for determining cost of raw material, labor, overhead and value of inventory while also contributing to acquisition integrations and other ad hoc projects as needed.
Job Duties
Young Innovations, Inc. is a leading developer, manufacturer and distributor of high-quality professional dental products designed to improve the clinical experience for dental professionals and patients. Young consistently delivers a diverse and innovative portfolio of highly-recognized, proprietary brands and private label/OEM options to oral healthcare practitioners and patients.
Job Summary
You be responsible for determining cost of raw material, labor, overhead and value of inventory while also contributing to acquisition integrations and other ad hoc projects as needed.
Job Duties
- Execute monthly close responsibilities according to schedule for assigned scope areas by verifying accuracy of journal entries and variance reporting;
- Prepare balance sheet account reconciliations timely and prepare supporting documentation for assigned scope areas;
- Review, investigate and correct errors and inconsistencies in inventory accounting transactions to ensure proper accounting treatment within the general ledger;
- Lead and execute variance capitalization analysis and reporting, including material usage & purchase price variances, direct and indirect labor and manufacturing overhead variances and work with Financial Planning and Analysis to incorporate into monthly variance reporting;
- Work with Financial Planning and Analysis to incorporate variance analysis, annual plan and quarterly forecast changes into standard cost rolls per company process;
- Participate with cross functional team to properly cost changes in existing BOMs, prepare BOM cost estimates and creation of new items/BOMs;
- Support other manufacturing operating activities, as needed (cycle counts, physical inventory, etc.);
- Work with the Company’s external auditors to provide requested information and explain the substance of the transaction for assigned scope areas;
- Identify areas in cost accounting to improve processes and lead contribute to continuous improvement initiatives (close cycle time, capitalization, perpetual inventory, standard cost rolls, etc.);
- Execute acquisition integration activities related to cost accounting (opening balance sheet inventory, month end close, standard cost/ERP deployment, etc.);
- Support other enterprise-wide accounting activities as needed
- Some travel required
