Cost Accountant

Regal Rexnord•Wichita Falls, TX

12d•Onsite

About The Position

This position is based onsite 5 days a week out of our Wichita Falls, Texas plant. Essential Duties and Responsibilities Responsible for maintenance of standard cost system. Includes establishing new part costs through the ERN process and the follow-up and maintenance of existing part cost. Responsible for issuing credit memos to customers for returned material on RGA’s and miscellaneous debits and credits. Updates the RGA database with necessary information as it relates to the CPR. Analyze manufacturing variances (material usage, labor efficiency, overhead absorption) and provide actionable insights. Responsible for the month-end sales and cost of sales journal entries. Perform monthly WIP reviews to ensure accurate tracking, valuation, and reconciliation of production costs Manages the fixed asset register, Construction-in-Progress (CIP) activity, processes capital asset requests, and ensures compliance with accounting standards, internal controls, and organizational policies Reviews daily manufacturing and material transactions and populates daily KPI reports. Analyze manufacturing variances (material usage, labor efficiency, overhead absorption) and provide actionable insights. Assists with Accounts Payable issues when necessary Assists with Month-End closing as necessary Critical Competencies To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skills and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to sit, use hands to finger, handle, feel and reach with hands and arms. The employee frequently is required to talk and hear. The employee is occasionally required to stand and walk, also must occasionally lift and or move up to 10 pounds. Specific vision ability required by this job is related to the use of computers including close vision, peripheral vision, and ability to adjust focus. Overnight travel less than 10%. The work environment is mostly in an office setting, occasionally maybe in a production setting. General: This job description indicates the general nature and level of work expected of the employees. It is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities required. The employee may be asked to perform other duties as required.

Requirements

Proficient with Excel
Experience with ERP systems; SAP knowledge a plus
Able to communicate effectively both verbally and written with all levels of employees within the facility and outside contacts.
Ability to work under pressure in a detailed and organized manner.
Bachelor’s degree required, preferably in accounting, finance, or a related field.
Strong understanding of GAAP and cost accounting principles
Three to five years’ experience with accounting and manufacturing systems preferred

Nice To Haves

SAP knowledge a plus
Three to five years’ experience with accounting and manufacturing systems preferred

Responsibilities

Responsible for maintenance of standard cost system.
Includes establishing new part costs through the ERN process and the follow-up and maintenance of existing part cost.
Responsible for issuing credit memos to customers for returned material on RGA’s and miscellaneous debits and credits.
Updates the RGA database with necessary information as it relates to the CPR.
Analyze manufacturing variances (material usage, labor efficiency, overhead absorption) and provide actionable insights.
Responsible for the month-end sales and cost of sales journal entries.
Perform monthly WIP reviews to ensure accurate tracking, valuation, and reconciliation of production costs
Manages the fixed asset register, Construction-in-Progress (CIP) activity, processes capital asset requests, and ensures compliance with accounting standards, internal controls, and organizational policies
Reviews daily manufacturing and material transactions and populates daily KPI reports.
Analyze manufacturing variances (material usage, labor efficiency, overhead absorption) and provide actionable insights.
Assists with Accounts Payable issues when necessary
Assists with Month-End closing as necessary