Cost Accountant
POWEREX, INC.•Youngwood, PA
•Onsite
About The Position
The Cost Accountant will be responsible for ensuring accurate inventory valuation, identifying risks, and maintaining controls in accordance with generally accepted accounting principles. In a small business setting, the Cost Accountant may be required to perform additional duties beyond traditional cost accounting responsibilities.
Requirements
- Bachelor’s Degree in Accounting, Finance, or equivalent.
- Experience in accounting.
- Experience in financial analysis.
- Experience with a manufacturing company is a plus.
Responsibilities
- Monitor inventory transactions for discrepancies and investigate any outliers.
- Assess inventory for obsolete and slow-moving parts, ensuring adequate reserves.
- Reconcile inventory reports from the ERP to the general ledger on a monthly basis.
- Calculate and prepare monthly journal entries for scrap material.
- Review inventory held at suppliers for reasonableness each month.
- Address negative quantities in perpetual inventory reports.
- Perform inventory price testing to ensure accurate valuations.
- Review and update standard costs in the ERP system.
- Calculate the full absorption ratio monthly and compare it to the general ledger, preparing adjusting journal entries as needed.
- Provide financial analysis as needed and assist with the preparation of monthly and annual financial statements.
- Recommend benchmarks for measuring company performance.
- Ensure adherence to accounting policies related to inventory and recommend changes as necessary.
- Monitor daily cycle counts and participate in counts if needed.
- Assist with annual financial audits and physical inventory counts.
- Other duties as assigned.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
