Cost Accountant

Cost Accountant

Job Duties:

• Standard cost system analysis and management including the following activities:
• Develop standard costs to be used for our products.
• Maintain cost database that includes performing monthly cost updates and reviewing bills of material.
• Cost all machine shipments and forecasted cost of goods sold to be used for monthly forecasts.
• Analyze and record monthly Purchase Price Variance, Scrap expense and other inventory entries.
• Review monthly manufacturing variances for reasonableness and resolve any reporting errors discovered.
• Analyze product warranty expenses and calculate monthly provision.
• Work with Operations to evaluate, develop and implement reports to be used by management for product line analysis.
• Provide support and assistance in the development of lean manufacturing processes.
• Provide support and assistance on special cost projects and teams.
• Inventory analysis and reporting including the following activities:
• Review cycle counting results.
• Review monthly book inventory to the perpetual records and explain any differences.
• Review obsolescence accrual.
• Develop year-end LIFO information.
• Assist in the monthly closing/forecasting activities and in the development of the Annual Operating Plan and labor rate calculations.
• Be available to assist other divisions on temporary assignment as required.
• Perform other duties, assignments, and special projects that may be required from time to time.

This description should not be construed to contain every function/responsibility that may be required to be performed by an incumbent in this job. Incumbents are required to perform other related functions as assigned.

Competencies:

Is dedicated to meeting the expectations and requirements of internal and external customers; gets first‑hand customer information and uses it for improvements in products and services; acts with customers in mind; establishes and maintains effective relationships with customers and gains their trust and respect.

Adheres to an appropriate and effective set of core values and beliefs during both good and bad times; acts in line with those values; rewards the right values and disapproves of others; practices what he/she preaches.

Relates well to all kinds of people—up, down, and sideways, inside and outside the organization; builds appropriate rapport; builds constructive and effective relationships; uses diplomacy and tact; can diffuse even high‑tension situations comfortably.

Picks up on the need to change personal, interpersonal, and managerial behavior quickly; watches others for their reactions to his/her attempts to influence and perform and adjusts; seeks feedback; is sensitive to changing personal demands and requirements and changes accordingly.

Enjoys working hard; is action oriented and full of energy for the things he/she sees as challenging; not fearful of acting with a minimum of planning; seizes more opportunities than others.

Comes up with a lot of new and unique ideas; easily makes connections among previously unrelated notions; tends to be seen as original and value‑added in brainstorming settings.

Has the functional and technical knowledge and skills to do the job at a high level of accomplishments.

Provides the information people need to know to do their jobs and to feel about being a member of the team, unit, and/or the organization; provides individuals information so that they can make accurate decisions; is timely with information.

Learns quickly when facing new problems; a relentless and versatile learner; open to change; analyzes both successes and failures for clues to improvement; experiments and will try anything to find solutions; enjoys the challenge of unfamiliar tasks; quickly grasps the essence and the underlying structure of anything.

Accurately scopes out length and difficulty of tasks and projects; sets objectives and goals; breaks down work into the process steps; develops schedules and task/people assignments; anticipates and adjusts for problems and roadblocks; measures performance…