COST ACCOUNTANT
Location: Saint Paul
Posted on: September 22, 2024
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Job Description:
The Cost Accountant position is integral to help maintain
accuracy and reliability of inventory and analysis of cost of goods
sold. Responsible for creating periodic financial reports.
Maintaining and developing processes and controls in the areas of
inventory, costing/manufacturing, freight, and work order
accounting. This person will be responsible for developing annual
cost standards by seeking input from cross functional teams. Once
standards are developed, this role will be responsible for
understanding and reporting variances to the developed standards on
a monthly and adhoc basis. The Cost Accountant will play an active
role on the Finance team.
PRINCIPLE ACCOUNTABILITIES:
Inventory/Production Recording and Analysis (45%)
Establish and maintain inventory standard cost estimates and bills
of materials in the ERP system.
Record maintenance work order settlements on a weekly/monthly basis
in ERP system.
Record production orders and production journal entries/accruals
for month-end processing.
Analyze production orders for unusual variances on a monthly
basis.
Analyze production costs on a monthly basis comparing to prior
months and budget to determine that all costs were properly
accounted for.
Perform inventory rollforward on a monthly basis to ensure the
accuracy of ending inventory.
Coordinate and assist in inventory counts with internal staff,
external warehouse staff, and external auditors. Reconcile
differences between ERP system and inventory count; make
adjustments in ERP system as necessary.
Act as a liaison between the production plant group and the
accounting group.
Actively involved in reviewing internal controls and integrity of
financial information and processes related to inventory
Reporting (30%)
Prepare summary of fixed and variable production costs on a monthly
basis.
Prepare inventory reports for management on a monthly basis.
Reconcile the inventory general ledger accounts on a monthly
basis.
Prepare reports for maintenance labor and other maintenance work
order costs on a weekly/monthly basis.
Assist in monthly/annual financial reporting process.
Assist in annual external audit for inventory and production
related requests
Accounts Payable (25%)
Record time entry related to contract maintenance labor.
Process invoice payments for maintenance, production, and inventory
related items.
Review all invoices for appropriate documentation, approvals, and
sales/withholding tax determination.
Scan supporting documents and attach in ERP system; maintain hard
copy vendor files.
Qualifications:
Education and Experience Required:
Bachelor¿s degree in Accounting, Finance or related field
1-2 year of experience of cost accounting, inventory in a
manufacturing work experience
Proficient with Microsoft Office Suite (Excel, PowerPoint, and
Word); Advance Excel skills; experience with formulas, pivot
tables, etc.
Education and Experience Preferred:
3-5 year of experience of cost accounting, inventory in a
manufacturing work experience
CPA or CMA certification
Experience with SAP or other ERP system
Equal Opportunity Employer
Minorities/Women/Veterans/Disabled
Keywords: , St. Paul , COST ACCOUNTANT, Accounting, Auditing , Saint Paul, Minnesota
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