Cost Accountant

Cost Accountant

Requisition Number: 77
Job Title: Cost Accountant
Area of Interest: Accounting

Position Type: Full Time - Direct Hire

Shift: 1st

City: Washington

State/Province: North Carolina

Job Description:

PURPOSE OF POSITION
Develop product cost models, maintain standard costs, and support Manufacturing and Marketing management. This position must also construct and monitor those cost-effective data accumulation systems needed to provide an appropriate level of costing information to management.

PRINCIPAL DUTIES
· Plan, study, and collect data to determine costs of business activity such as raw material consumption, process efficiencies, and labor.
· Maintain all Standard Costs, estimate costs related to new product / customer offerings, and record cost information for use in controlling expenditures.
· Analyze data collected and recording results, and analyze audits of costs and preparing reports.
· Analyze changes in product design, raw materials, and manufacturing methods to determine effects on cost.
· Analyze actual manufacturing costs and preparing periodic reports comparing variances between standard costs to actual production costs.
· Coordinate analysis efforts with Plant Operations and Marketing functions.
· Provide management with reports specifying and comparing factors affecting prices and profitability of products or services.
· Maintain Cost Accounting System, assist in Month End close of the General Ledger, and monitor and reconcile inventories.
· Updating standards and bill of materials, raw materials cost analysis, scrap, etc.
· Other special projects and ad hoc analysis as assigned.
· Perform duties effectively in the most cost-efficient manner possible.
· Recommend realistic cost savings equal to annual salary each year.
· Performs other duties as assigned by management.

REQUIRED KNOWLEDGE, SKILLS, AND ABILITIES
· An Associate’s Degree in Accounting or Business Administration required; Bachelors Degree preferred.
· Minimum of three (3) years of accounting experience in a manufacturing environment. One or more years of cost accounting experience a plus.
· Strong knowledge of US GAAP.
· Strong verbal and written communication skills including ability to collaborate with a multi-departmental team.
· Excellent computer skills, including a working knowledge of current accounting systems and proficiency with Excel and MS Office. BPCS and ERP LX experience a plus. Highly proficient in Excel.
· Must have strong analytical skills.

DECISIONS AND RESPONSIBILITIES
· Assist in identifying opportunities to improve and streamline accounting processes and controls.
· Work closely with engineering in defining and improving processes to improve accuracy of bills of materials.
· Provide support and analysis in regard to manufacturing and pricing variances to standard.
· Develop a complete understanding of how the company’s standard cost system works, and be known and viewed as the expert of cost.

PHYSICAL REQUIREMENTS/WORKING CONDITIONS
· Must be able to work overtime when situations arise and deadlines need to be met.
· Must be able to work in an office environment.
· Must be able to sit at a desk for extended periods of time.
· Must be able communicate on the telephone for lengthy periods.
· Must be able to operate a computer and keyboard with accuracy and efficiency.
· Must be able to travel throughout the facility to obtain information needed to perform job functions.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position.