Cost Accountant

Job Order ID:9791
Web Publication Date:5/2/2024
Job Location:Danbury, CT 06810
Brief Description:

Our client, a global manufacturing company, seeks a Cost Accountant to join their team. Company offers bonuses and excellent benefits. Located in Danbury with a partially remote work schedule available.

Job Function:

 

The Senior Cost Accountant will report directly to the Controller and will be part of the team responsible for month-end close, accurate inventory costing, account reconciliations and analysis.

Duties and Responsibilities:

·          Apply fundamental accounting theories and concepts to support the cost accounting function

·          Planning, studying, and collecting data to determine costs of business activity such as raw material purchases, inventory, labor, and finished goods

·          Analyzing changes in product design, raw materials, manufacturing methods or services provided, to determine effects on cost and margins

  • Ownership for item set-up and cost updates to drive accuracy of all bills of materials
  • Collect and analyze all relevant costing data to develop and maintain accurate cost estimates for materials and labor; update on ad hoc basis as needed
  • Review of the integrity and reasonableness of the cost accounting systems on a periodic basis; establish a recurring cadence and process for updates
  • Manage the cost accounting module in D365 including open & close of inventory module at month-end

·          Calculate actual manufacturing costs and prepare periodic reports comparing estimated costs to actual production costs and investigate variances

·          Review production batches for reasonableness and consult with production to resolve anomalies

·          Perform daily KMT inventory reconciliation and month end inventory reconciliations

·          Measure, track and report on accuracy of batch order cost estimates vs. actuals

  • Analyze labor absorption and correct variances to ensure cost accuracy
  • Coordinate periodic physical inventory counts, ensure adjustments are booked accordingly
  • Provide guidance and recommendations for periodic inventory revaluations; advise on required accrual rates to cover potential inventory de-valuations
  • Ensure prompt updates are made to cost estimates to reflect new transfer pricing changes

·          Manage month-end financial close process for inventory and related items, and liaising with finance team on the preparation of journal entries, account reconciliations

·          Assist with various audit processes by providing requested information and explanations

·          Train other employees & temporary contractors on cost accounting tasks and processes as directed by the Controller

  • Lead or assist in ad hoc projects as needed

Skills and Qualifications:

  • Bachelor’s degree in Accounting, Finance or related field (CPA preferred)
  • 7 or more years of related general accounting experience in a complex manufacturing environment  
  • Ability to lead a holistic costing environment including the standardization and automation of best in class costing practices, drive continuous improvement in the function and successfully partner with business leaders
  • Experience and familiarity with multiple costing methodologies and the ability to make informed recommendations on method of best fit for varying manufacturing environments
  • Experience with Microsoft D365 is an asset
  • Possesses a strong systems background and excellent analytical skills
  • Good written, verbal communication and collaborative skills
  • Proficiency in Excel and Microsoft Office products
  • Ability to work independently under minimal supervision and with competing priorities

Personal Attributes:

  • Possesses Company values of honesty, integrity, respect, commitment and openness to change while modelling the Company Core Principles in all activities
  • Ability to foster collaborative, cross department relationships to meet common objectives.
  • Ability to travel 2 – 3 times per year