Cost Accountant

Job Details

Job Location:

Platte
- Bldg B
- Platte City, MO 64079

Position Type:
Full Time

Salary Range: $65,000.00 - $80,000.00 Salary/year

Job Shift: First Shift Cost Accountant

Position Location:

Platte City, MO

Department:
Finance

Reports To:

Manufacturing Controller

Central Power Systems & Services is a privately held company with deep roots going back to 1954.

Our Mission Statement is forging long-lasting partnerships by providing first-class customer support. We live that statement every day. We are looking for a Cost Accountant to support our Generator Manufacturing Division and help ensure the accuracy and integrity of manufacturing costs, inventory, and financial reporting.

This position plays an important role in understanding the financial impact of manufacturing operations by analyzing material and product costs, investigating cost variances, reviewing manufacturing data, and identifying the operational or purchasing drivers behind changes in cost.

As we continue to experience significant growth and development, we are looking for candidates who are teachable, analytical, detail-oriented, and willing to learn and grow with the organization. We value passionate, down-to-earth people who are driven to get things done, find creative solutions, and work collaboratively with others.

The Cost Accountant is responsible for monitoring and analyzing manufacturing costs and inventory activity to ensure costs are accurately reflected within the company's financial systems. This position will review weighted-average costs for raw materials, purchased components, work-in-process, and finished products while investigating variances and identifying the underlying operational, purchasing, or transactional drivers.

The Cost Accountant will work closely with Manufacturing, Engineering, Purchasing, Operations, and Finance to identify and resolve issues that may impact inventory valuation, product costs, and financial reporting.

• Review weighted-average costs for raw materials, purchased components, work-in-process (WIP), and finished products.
• Analyze changes in average material and product costs to identify underlying operational, manufacturing, and purchasing drivers.
• Investigate material and product cost variances and communicate findings to the appropriate departments.
• Review Bills of Material (BOMs), manufacturing routings, labor rates, and manufacturing master data for financial reasonableness when investigating cost variances.
• Monitor inventory transactions that may distort weighted-average costs, including:
  • Negative inventory balances
  • Backdated transactions
  • Incorrect units of measure
  • Erroneous inventory receipts
  • Inventory adjustments
• Review inventory transfers between plants, warehouses, and other company locations to ensure inventory is accurately recorded and valued.
• Assist with tracking and analyzing scrap, rework, inventory write-offs, and other manufacturing losses.
• Identify trends, discrepancies, and unusual activity that may impact inventory valuation or manufacturing costs.
• Partner with Manufacturing and Operations to understand the operational causes behind cost fluctuations and variances.
• Work with Purchasing to understand changes in material pricing, supplier costs, and purchasing activity that may affect product costs.
• Collaborate with Engineering to review BOMs, routings, labor rates, and other product-related master data when cost discrepancies are identified.
• Assist in identifying and correcting data or transaction issues that may impact inventory valuation and financial reporting.
• Maintain accurate documentation and supporting information for cost analysis and variance investigations.
• Assist with month-end close activities related to inventory, manufacturing costs, and cost accounting.
• Prepare and maintain reports related to inventory valuation, material costs, product costs, and manufacturing variances.
• Support internal and external audit requests related to inventory and cost accounting.
• Identify opportunities to improve the accuracy, efficiency, and reliability of cost accounting processes.
• Assist other Finance and Accounting team members, as needed, to support the overall needs of the organization.
• Perform other duties as assigned.

• Competitive Pay
• Medical, Dental, Vision & Life Insurance
• 401(k) with Company Match
• Paid Time Off
• Training & Professional Development
• Positive and Productive Work Environment

• Bachelor's degree in Accounting, Finance, Business, or a related field preferred.
• Two (2) or more years of accounting, cost accounting, manufacturing accounting, or related experience preferred.
• Manufacturing or inventory accounting experience strongly preferred.
• Experience working with an ERP/MRP system preferred.
• Epicor ERP experience is a plus.
• Strong understanding of inventory valuation, manufacturing costs, and cost accounting principles.
• Experience analyzing cost variances and investigating underlying causes…