Cost Accountant I

Orthofix•Irvine, CA

11h•Onsite

About The Position

The Cost Accountant I will provide financial and analytical support to the plant, and operations team. The position is accountable for supporting inventory and cost accounting functions at the manufacturing plant, reviewing and closing completed work orders, and meeting month end close deadlines. Month end close activities include inventory and cost of sales journal entries, accruals, reclassification entries, inventory account reconciliations, and assisting with inventory and cost of sales analysis and reporting. The position requires strong interpersonal and communication skills. The Cost Accountant I must display the ability to work within a team environment, make logical decisions, and show flexibility in a fast-paced environment.

Requirements

Bachelor’s Degree in Accounting or Finance required
1-3 years inventory and cost accounting experience
Competence in time management and the ability to promote cooperation among co-workers
Ability to work with minimal direction from management
Ability to analyze and reconcile financial data
Knowledge of personal computer databases and Excel spreadsheets
Ability to effectively communicate verbally and in writing
Effective organizational skills

Nice To Haves

Experience with ORACLE ERP systems a plus

Responsibilities

Perform analysis and review of cost of goods sold transactions, scrapped material, purchase price variances, standard cost changes, inventory revaluations, and manufacturing variances.
Perform weekly work order variance reviews to ensure transactions are recorded correctly and costs are accurate, and close completed work orders.
Perform monthly analysis of operating costs and budget vs actual variances.
Assist with the preparation of excess & obsolete inventory reserves and shrink reserves.
Process month-end journals and prepare related month-end reconciliations.
Review individual part costs to ensure they are current and accurately reflect manufacturing and purchase costs.
Assist with costs updates or standard cost roll-ups as required.
Prepare and analyze monthly results for discussion with Director of Operations Accounting.
Provide data collection and supporting inputs for the annual budget and periodic reforecasting processes.
Assist with calculation of standard labor and overhead rates on an annual basis.
Assist with preparation and performance of physical inventories, as required.
Maintain compliance with company policy and procedures and SOX internal controls.
Support internal and external audits during quarterly reviews and annual audits.
Interface successfully with other peer groups to achieve common goals and objectives.
Work on special projects as needed.
General ledger and cost accounting duties.
Work order variance reviews and closes.
Analysis and reporting.
Budgeting and forecasting support.
Compliance, SOX, and audit support.
Other tasks and projects, as assigned.