Cost Accountant

Key Responsibilities and Duties

• Partnering with operations to timely update the BOM’s as needed.
• Setting up the standard cost for new materials as needed and updating the standard costs once a year according to the company policies.
• Monitor and maintain part numbers in Oracle.
• Reviewing and closing job orders timely, summarizing and reviewing the variances with the operations team and Industrial Controlling Manager.
• Assist to analyze and review the purchase price variance report
• Work closely with the accounting team and the Industrial Controlling Manager to perform the month end closing timely and accurately.
• Monthly reconcile third party / outside inventory locations.
• Perform monthly inventory reconciliations, review and reconcile any discrepancies with the Industrial Controlling Manager and Operations team.
• Review and track the inventory cycle counts, summarize and discuss variances with the Industrial Controlling Manager, ensuring any material write off was properly approved according to the policies and procedures.
• Assist inventory personnel to ensure proper accounting on manual movement types in Oracle.
• Review the monthly obsolescence calculation / reserve, analyze the data and discuss with the Industrial Controlling Manger any future exposure or risk.
• Review monthly spending by cost center and recommend necessary accruals.
• Provide training and assistance to operations personnel to enhance their understanding of all components of product costs and their understanding of the cost center reporting.
• Assist in the preparation of the company’s annual operating plan with respect to preparing the data for inventory costing, manufacturing cost, variances and trends.
• Assist with internal and external audits.
• Ensure compliance with internal controls.
• Complete ad hoc reporting to support manufacturing team as needed

Education, Experience, and Qualifications

• Bachelor’s degree in accounting
• 3-5 years of experience in a manufacturing cost accounting system.
• Knowledge of and skill using personal computer equipment and related software such as Microsoft Word for Windows and Excel
• Knowledge of and skill in using automated general ledger systems. Knowledge of Oracle is preferred.
• Verbal communication skills such as the ability to be diplomatic under adverse conditions; ability to be sensitive and respond with a sense of urgency to requests for information.
• Strong analytical skills such as the ability to identify current and future trends necessary to maintain an efficient inventory system and minimize risk.
• Problem solving ability such as the ability to utilize appropriate resources to resolve an issue; ability to follow an issue through to resolution.

The SR Group (UK) Limited is acting as an Employment Agency in relation to this vacancy.