Summary

• Applies principles of cost accounting to conduct studies which provide detailed cost information not supplied by general accounting systems.

Essential Duties and Responsibilities

• Plans, studies and collects data to determine costs of business activity such as raw material purchases, inventory, and labor.
• Analyzes data obtained and records results.
• Records cost information for use in controlling expenditures. Analyzes audits of costs and prepares reports.
• Compiles cost information to be used in operating budget preparation.
• Provides management with reports specifying and comparing factors affecting prices and profitability of products or services.
• Maintains cost accounting system.
• Coordinates and maintains item level standard cost, material, labor and overhead.
• Reconciles PPV on weekly and monthly basis, including compiling PPV reports and associated ledger movements.
• Performs year-end roll and annual cost build (new standards and budget).
• Do an annual review of purchased vs. manufactured items.
• Calculates Variable Labor and Burden for the standards update.
• Revalue inventory when standard costs change.
• Reconciles general ledger accounts with various registers and account movements. Reconciles report discrepancies and problems for cost of sales and inventory.
• Prepares and reviews various account reconciliations and journal entries.
• Collaborates with and supports the logistics team in reviewing freight costs.
• Performs actual cost reviews upon request.
• Supports integration team with new acquisitions.
• Supports the plants as they take physical inventories. Understands how the ERP processes physical inventories.
• Acts as a mentor to others within the department, providing guidance and encouragement to those less experienced.
• Performs other tasks or duties as assigned.

Education and Experience

• Requires Bachelors Degree in Accounting or a comparable discipline and at least 4 years related experience; or an equivalent combination of education and experience.