Senior Cost Accountant

Semtech•Alhambra, CA

2d•Onsite

About The Position

The Cost Accountant will be responsible for developing, implementing and/or maintaining a standard cost accounting system. They will prepare journal entries; maintain and reconciles ledger accounts, collect data, allocate costs and prepare reports on labor, equipment, depreciation, assembly or other operating expenses, ensuring that established procedures are followed. They will also be responsible for preparing financial statements and variance reports as requested.

Requirements

B.S. degree in Accounting, Information Systems, Finance, or related field
6+ years professional cost accounting experience in manufacturing environment (experience in semiconductor industry or similar electronics manufacturing environment preferred)
Strong understanding of the manufacturing process from raw to finished goods and cost of sales
Experience in large ERP systems (SAP environment preferred)
Understanding of Sarbanes-Oxley (SOX)

Nice To Haves

experience in semiconductor industry or similar electronics manufacturing environment preferred
SAP environment preferred

Responsibilities

Accounting and Financial Reporting Review standard material, labor, subcon fees and overhead costs
Prepare journal entries and reconcile inventories to balance sheet
Analyze gross margin, other cost of sales, inventory trends and turnover ratios, and production yield data
Prepare audit schedules and footnote disclosures
Support business unit and manufacturing groups with cost, manufacturing and inventory analysis.
Support on HC and other COGS/Mfg Variance P&L Forecast in Adaptive.
Assist in complying with Sarbanes-Oxley documentation and internal control requirements
Work with Manufacturing to plan and conduct physical inventories
Reconcile physical inventories to SAP systems for applicable locations
Validate vendor reconciliations performed by our logistics group and follow-up as required
Understand and monitor inventory movements and the impact on the P&L
Validate GAAP and non-GAAP P&L results by performing detailed analysis of ‘cost of sales’
Support Product/Customer margin analysis by reviewing, correcting and reconciling SAP transactions that drive detailed corporate and business unit P&L reporting. Reconciliation involves detailed analysis of business activity by P&L account, profit center and company code
Support the analysis of variances incurred during production and purchasing activities by reviewing production order variances and PPV
Ensure timely completion of month-end process for settlement of production orders and/or the review of production orders prior to settlement
Support the maintenance material cost updates, activity and overhead rate updates
Support the process of updating standard costs for new parts and the annual cost roll