Perform ongoing analysis of process constraints, target costing projects, margin analysis and tracing costs back to underlying activities in accordance with established practices, processes, regulations, guidelines and standards in a safe and efficient manner. The cost accountant must also develop, maintain and monitor cost-effective data accumulation systems needed to provide an appropriate level of costing information to management.
Essential Duties and Responsibilities:
Other duties may be assigned.
Data Collection. Construct data accumulation systems for a cost accounting system; Create and review the controls needed for data accumulation and reporting systems.
Inventory. Coordinate physical inventory counts and cycle counts; Investigate cycle counting variances and resolve issues; Update standard costs in the bill of materials; Review standard and actual costs for inaccuracies; Validate the cost of goods sold as part of the month-end close; Accumulate and apply overhead costs as required by Generally Accepted Accounting Principles; Work with the materials review personnel to locate and dispose of obsolete inventory.
Analysis. Conduct ongoing process constraint analyses; Report on breakeven points by products, work centers, and locations; Report on margins by product and division. Report on periodic variances and their causes, focusing in particular on spending variances; Analyze capital budgeting requests; Perform cost accumulation tasks as a member of the target costing group.
Develop, implement, modify, and document recordkeeping and accounting systems, making use of current computer technology.
Develop, plan and implement special projects for the Accounting & Finance department as assigned.
Participate in committee or group work to improve financial and/or department performance.
Stay current on the latest developments such as federal and state codes, regulations, guidelines, etc.
Maintain confidentiality with regard to the information being processed, stored or accessed.
Abide by, enforce and participate in the implementation and ongoing oversight of all company safety standards and regulations.
Bachelor's degree (B. A.) from four-year college or university in Finance, Accounting or Business Administration with a minimum of three (3) years commercial cost accounting/finance experience, or five (5) years of general accounting experience; or an equivalent combination of education and experience.