Finance Intern

Crane Company•Marion, NC

About The Position

A Finance Intern at Crane Resistoflex is responsible for managing, reporting, analyzing, and controlling all standard costs as they relate to sales, inventory, and product profitability. They must maintain accuracy and integrity of the inventory. The accountant plans, organizes, directs, and controls the functions and processes that impact cost at Crane Resistoflex.

Requirements

Working towards B.S. in accounting, finance, or related degree.
Proficient in Excel and other Microsoft Office software.
Exceptional verbal and written communication skills.
Cost accounting skills developed in manufacturing environments.
ERP experience.

Responsibilities

Analyze work orders, manufacturing labor and material price variances, providing management explanation as to the reasons for their occurrence.
Administers the cycle counting program, including review of the counts for reasonableness, providing periodic reporting on cycle counting effectiveness, and ensuring that cycle counts are being completed on a timely basis.
Provide support for Account Reconciliations to the Accounting Manager and Woodlands Team.
Provide support for Documenting RCMs to the Accounting Manager and Woodlands Team.
Coordinates annual physical inventory, including updating standard work procedures and coordinating observations by internal/external auditors.
Coordinates/Prepares annual standard costing roll, including updating standard work procedures and providing management with analysis of impact to inventory and prior cost of sales.
Calculates required Excess and Obsolete (E&O) balances monthly, according to Crane Co. prescribed accounting policies and procedures.
Develop cost analysis of products and product lines for profitability and provide recommendations for cost efficiencies in new product designs.
Prepare monthly margin reports, inventory reports, overhead spending reports and monthly journal entries.
Ensure a system of strong internal controls is in place and provide leadership in (SOX) Sarbanes Oxley Compliance for inventory and cost issues.
Assist production and supply chain departments with correction of problem work orders, inventory discrepancies, and inventory transaction issues.
Reconcile WIP to ensure timely and accurate closure of open work orders and tracking documents.
Assist controller with annual budget preparation. Specifically, cost of sales, direct labor, manufacturing overhead, and variances.
Performs other duties and projects as assigned.