Cost Accountant
About The Position
Universal Air Filter is seeking a Cost Accountant for its Sauget, IL location. The Cost Accountant will partner with the VP of Finance to establish standard costs, perform root-cause variance analysis on materials and labor, oversee inventory valuation, and evaluate, track, and manage the financial impact of production operations. This role will provide hands-on execution, administration, and oversight of the manufacturing operations accounting function, working to improve financial controls and compliance. The ideal candidate will possess deep ERP experience and the ability to understand and administer transactions in the system, along with relevant accounting principles.
Requirements
- 3+ years of relevant finance experience in manufacturing
- 2+ years Cost Accounting experience highly preferred
- Bachelor’s degree in Accounting, Finance, Economics or equivalent discipline
- Experience with ERP administration and module implementation
- Strong BI experience for standard reporting
- Advanced Problem Solving and Analytical Skills
- Advanced knowledge in Microsoft Office, particularly with Excel and Power BI
- Strong understanding of financial principles, budgeting process, and business case evaluation
- Able to execute change strategies and bring change projects to successful completion.
- Strong collaboration skills with ability to work with cross functional teams
- Demonstrates operational Finance knowledge and financial analysis skills with hands on knowledge of financial operations.
Responsibilities
- Responsible for all activities related to Cost Accounting management and Inventory processes for a growing manufacturing business.
- Must be able to demonstrate knowledge of standard costing concepts in a manufacturing environment, including analysis, research, and reporting of production variances.
- Perform annually labor and overhead studies to ensure appropriate standard costing rates.
- Lead periodic inventory counts (including year-end inventory) and work with operations personnel to implement cycle-counting processes to ensure reliability of ERP inventory reporting.
- Understand and execute ERP processes required for maintaining accuracy of inventory quantities and valuations.
- Assess current inventory and costing processes and develop improvement opportunities for closing control gaps and improving accuracy.
- Responsible for month-end processes and balance sheet reconciliations for inventory related accounts and reserves to drive reliable and compliant financial reporting.
- Establish, maintain, and ensure adherence to company and accounting-related policies and procedures.
- Assist in the preparation of reports and documentation for external auditors as needed.
- Responsible for the financial management of inventory to include proper valuation, accurate reserves for obsolescence, and auditing of the cycle count process.
- Track and report labor and material variances to standard. Identify trends and make recommendations to management when appropriate.
- Explain all prime cost variances on a monthly basis.
- Manage project to develop annual standards.
- Develop and present cost savings ideas. Implement those approved by management.
- Other special projects assigned by management.
Benefits
- Paid Time Off (PTO) and paid holidays
- 401(k) with company match
- Comprehensive health, dental, vision, and disability insurance
- Paid parental leave
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
