Senior Cost Accountant

Stepan Company•Elwood, IL

23d•$77,000 - $100,000•Onsite

About The Position

Stepan Company’s Millsdale Plant (Elwood, IL; Joliet area) has a job opening for a Sr. Cost Accountant. This position reports to the Millsdale Sr. Finance Manager and is responsible for overseeing inventory integrity & controls at the site and ensuring the accuracy of our standard costs. Working closely with Operations, this position will lead inventory cycle counting and production variance reporting (material, OH, shrink, & scrap), as well as champion identified corrective actions and recommended process changes. Strong analytical and problem-solving skills will be utilized daily.

Requirements

3-6 years of Cost Accounting experience in a manufacturing environment
SAP and cost management experience
Highly focused on problem identification and solving; Takes a critical look at issues and challenges and engages in proactive problem solving; Utilizes facts and innovation to build reasoned arguments and leverages innovative thinking to promote decisions
Ability to own complex processes and deliverables and work with minimal supervision
High level of proficiency with Microsoft Excel
Ability to develop and implement continual improvements to systems and processes through self-motivation, identifying waste loops and correcting through standardization
Demonstrated ownership of functional responsibilities and action-oriented towards those responsibilities
Ability to adapt to changing needs and prioritize to meet deadlines
Experience working with manufacturing personnel on various accounting topics

Nice To Haves

Advanced certification (CPA/CMA) preferred

Responsibilities

Perform monthly cycle counts, investigate variances, and post adjustments.
Ensure effective controls & accuracy over inventory movements, inventory reporting, and production order close-out.
Correct or follow-up on SAP inventory errors as reported by Operations, or as identified throughout other duties.
Review & report on area production variances (material, shrink, & scrap); Determine root causes and potential corrective actions; Work to adjust standards as necessary.
Prepare consigned inventory reconciliations.
Perform bill of material and overhead standard cost reviews to ensure product standard cost accuracy; Recommend updates, as necessary.
Review monthly cost explosion for reasonableness and manage exceptions.
Analyze plant absorption and identify necessary corrections; Work with Operations to implement changes.
Prepare closing journal entries including accruals, reclasses for cost accounting & other reporting purposes, corrections.
Review and analyze monthly expenses to ensure alignment with expectations.
Complete assigned General Ledger Account reconciliations.
Be an active leader in looking for ways to bring value through continual improvement to the organization as it pertains to inventory and expense reporting processes.
Work as a site change agent to streamline and improve processes in cooperation with plant staff.