Cost Accountant

Federal Signal Openings•Stuart, FL

11d

About The Position

The Cost Accountant is responsible for standard cost system analysis and management, including developing standard costs for products, maintaining the cost database with monthly updates and bill of material reviews, costing machine shipments, and forecasting cost of goods sold. This role involves analyzing and recording monthly Purchase Price Variance, Scrap expense, and other inventory entries, as well as reviewing manufacturing variances for reasonableness and resolving reporting errors. The Cost Accountant will also analyze product warranty expenses, calculate monthly provisions, and collaborate with Operations to develop and implement management reports for product line analysis. Additionally, the position provides support for lean manufacturing processes and special cost projects. Inventory analysis and reporting are key functions, including reviewing cycle counting results, reconciling monthly book inventory to perpetual records, explaining differences, reviewing obsolescence accruals, and developing year-end LIFO information. The role assists in monthly closing/forecasting activities, the development of the Annual Operating Plan, and labor rate calculations. The Cost Accountant may be required to assist other divisions on temporary assignments and perform other duties as assigned. This description is not exhaustive and incumbents may be required to perform other related functions.

Requirements

Bachelor's degree in accounting
Three to five years of cost accounting experience in a manufacturing environment
MS Office skills, particularly Excel
MRP system experience
Strong written and verbal communications skills

Nice To Haves

MBA, CMA or CPA recognition is a plus
Experience in financial and SOX audits, budgeting and year end closings

Responsibilities

Develop standard costs for products.
Maintain cost database, performing monthly cost updates and reviewing bills of material.
Cost all machine shipments and forecast cost of goods sold for monthly forecasts.
Analyze and record monthly Purchase Price Variance, Scrap expense, and other inventory entries.
Review monthly manufacturing variances for reasonableness and resolve reporting errors.
Analyze product warranty expenses and calculate monthly provision.
Work with Operations to evaluate, develop, and implement reports for product line analysis.
Provide support and assistance in the development of lean manufacturing processes.
Provide support and assistance on special cost projects and teams.
Review cycle counting results.
Review monthly book inventory to perpetual records and explain differences.
Review obsolescence accrual.
Develop year-end LIFO information.
Assist in monthly closing/forecasting activities.
Assist in the development of the Annual Operating Plan and labor rate calculations.
Be available to assist other divisions on temporary assignment as required.
Perform other duties, assignments, and special projects as required.