Senior Cost Accountant

PennEngineering®•Plumstead Township, PA

About The Position

At PennEngineering, we innovate and collaborate to make the world a better place. You can contribute to work that matters with a company where diversity, equity and belonging are shared values. We’re committed to fostering an environment for every employee that’s welcoming, respectful and inclusive, with great opportunity for professional growth. Find your future with us. PennEngineering is seeking a motivated, excited, individual to be a part of the PennEngineering Team. As the Senior Cost Accountant at PennEngineering, you’ll collaborate with teams that do truly amazing things. Join us as we build the future in Manufacturing and Engineering!

Requirements

Bachelor's degree in accounting or finance; advanced degree preferred
Minimum five (5) years’ work experience in a manufacturing environment
Significant experience working with manufacturing teams on development and analysis of cost standards
Strong computer experience utilizing spreadsheet, word processing and database software
Prior experience utilizing ERP software, preferably JD Edwards. SAP, BAAN, or Oracle is also acceptable
Ability to plan and complete assignments within deadlines
Ability to follow complex oral and written instructions
Ability to prepare and present complex written reports
Ability to perform standardized and statistical computations
In-depth knowledge of cost accounting within a manufacturing company and fully understands the building of a standard cost, adept at variance analysis (e.g. PPV / MUV / Conversion Cost) and fully understand the link between manufacturing operations and costing.

Nice To Haves

Certified Management Accountant (CMA) preferred

Responsibilities

New product standard cost establishment – review and approve accuracy of product structure and routing file before updating base, current and going-to cost
Review daily engineering changes – review and evaluate cost implications of engineering changes to routing and/or product structure
On a daily, weekly and monthly basis review, analyze and report variances –of purchase price, material usage, outside operation, labor price, labor usage/efficiency and factory overhead efficiency to Operations, Finance and Plant management and assist with corrective action planning
Working with the Controller, achieve daily visibility to manufacturing personnel (in the office & on the shop floor). Attend manufacturing production meetings; participate in manufacturing departmental staff meetings; test assumptions by observing production on the shop floor; develop relationships to ensure effective communication lines
Review, analyze and report scrap and shrink
Monitor work orders – ensure completed work orders are being closed correctly and in a timely fashion
Prepare monthly customer and product line contribution margin report
Ensure the operation of a robust cycle counting policy in support of maintaining a high level of inventory accuracy
Play a central role in the annual manufacturing budget process, including raw material, outside operations, standard labor and overhead rate calculations
Prepare for and successfully carry out the year-end standard cost roll
Critically examine pricing structures within the business and make recommendations to protect and improve profitability
Support the Controller on new sales opportunities margin analysis
Be a part of project teams that aim to improve performance and deliver on process improvements and cost saving initiatives
Other duties as assigned

Benefits

Medical & Employer Paid: Dental and Vision
Parental Leave
401k and Employer Match
Paid time off and holidays
Tuition reimbursement
Paid On the Job Training
Performance incentive bonuses
Community Volunteering
Talent Referral Bonus Program
Employee Centric Culture
Company Provided Technology (laptop, phone, monitors for office and home environment)