Sr. Cost Analyst

NOV • Houston, TX

113d

About The Position

The position involves partnering with Plant leadership to assist in financial analysis and decision-making to support the financial health of the facility. The role includes the implementation and ongoing maintenance/support of the Cost Configurator module in JDE for Tuboscope facilities. The individual will assist in developing, implementing, managing, and continually measuring processes to ensure the accuracy of job costing standards, including annual and ad-hoc cost roll exercises as required. The position also requires ensuring the integrity of Work Order processing from material issues, labor postings, and associated variances, while providing insight and guidance to profitability of various functions and products within the Plant to partner with Management and improve results. Additionally, the role involves reviewing and monitoring WIP and outside process clearing accounts, supporting the production team with ad-hoc inquiries, and analyzing daily, weekly, and monthly work in process (WIP). The individual will also produce and analyze month-end reports, perform duties associated with SOX compliance, prepare ad-hoc data analysis and reports for operations management, and review balance sheet and P&L accounts to provide detailed variance explanations and resolve potential errors.

Requirements

• Bachelor's degree (Accounting/Finance preferred)
• Minimum of 5 years cost accounting experience or equivalent preferred
• Strong Excel Skills
• Strong skills and knowledge of accounting theory and application of financial principles
• Experience with Hyperion & Smartview is beneficial
• Strong experience with JDE or similar accounting system as it relates to job costing

Responsibilities

• Partner with Plant leadership to assist in financial analysis and decision making in support of the financial health of the facility
• Implementation and ongoing maintenance/support of Cost Configurator module in JDE for Tuboscope facilities
• Assist in developing, implementing, managing and continually measuring processes ensuring the accuracy of job costing standards, including annual and ad-hoc cost roll exercises as required
• Ensure integrity of Work Order processing from material issues, labor postings, and associated variances
• Provide insight and guidance to profitability of various functions and products within the Plant in order to partner with Management and improve results
• Review and monitor WIP and outside process clearing account and adjust as necessary
• Annual Budget and rolling Forecast to include Hours, Headcount and Production expenses (Direct and Indirect)
• Support production team with ad-hoc inquiries, requests and reporting
• Work closely with Plant management to analyze daily, weekly and monthly work in process (WIP)
• Review accuracy of Plant processes, including Purchased parts cost verification, Router development, Overhead cost verification, Labor rate verification
• Produce and analyze month end reports, including variance reporting and plant Overall Equipment Effectiveness (OEE) performance
• Perform duties associated with SOX compliance, including WIP reconciliation, WIP subledger aging, Inventory reconciliation and Manufacturing Segregation of Duties
• Prepare ad-hoc data analysis and reports for operations management as needed
• Review balance sheet and P&L accounts and provide detailed variance explanations and resolve potential errors

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Machinery Manufacturing
• Education Level: Bachelor's degree