Plant Accounting Manager

Duraco Specialty Tapes #150831Owatonna, MN
1d

About The Position

This role provides comprehensive financial analysis and reporting, specializing in manufacturing cost accounting while also supporting general accounting functions, ensuring accurate financial records, compliance, and strategic decision-making for plant leadership and upper management. The role has the functional responsibility to develop and maintain the cost accounting system, value the inventory, assist with budget functions, and participate in the month end financial closes for the organization in compliance with Generally Accepted Accounting Principles (GAAP). The Cost Accountant has a key role within the Finance team and works closely with the director of operations and the operations management team.

Requirements

  • Bachelor’s degree required in either accounting or finance.
  • 5+ years of related experience in a manufacturing environment
  • Previous experience as Cost Accountant
  • Excellent communication skills and ability to translate financial results into operational recommendations.

Nice To Haves

  • Experience within a growth, outcome based and execution focused organization is a plus.
  • Previous experience with managing fixed assets reports a plus.

Responsibilities

  • Develop Labor and O/H rates for standard costing.
  • Monitor and update raw material standard costs where necessary.
  • Establish standard costs for newly created parts (Daily).
  • Analyze manufacturing operations, inventory and overhead to determine product cost, variance and profitability.
  • Perform month-end close, analyze variance (actual vs standard) and report root causes.
  • Update all Inventory reserve files and book appropriate changes to reserve account.
  • Lead Cycle and Year-End Physical Inventory process.
  • Validate I/C pricing with Customer Care.
  • Formulate budget for various costs of goods sold, and inventory.
  • Determine current asset stage.
  • Assist with the overall month-end and year-end closing process, including journal entries and reconciliations.
  • Oversee work of Staff Accountant including Cash Receipts and Accounts Payable function.
  • Assist in preparation of documentation for external audit.
  • Analyze financial statements for discrepancies and support reporting to management.
  • Routinely communicate to track the progress and launch date for the asset to go into service.
  • Assist in the creation and review of all Capex project proposals.
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