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Job Description For: COST ACCOUNTANT Division/Department: Finance Location: Grandview, WA Job Title: Cost Accountant Reports To: Controller Salary/Wage- $95-$115k Annually Type of Position: Full-Time, Exempt Competitive benefit package Annual wage review based on individual performance. Company sponsored bonus package dependent upon individual & company performance. GENERAL DESCRIPTION The cost accountant is responsible for cost ascertainment within the organization and will implement, update, and recommend cost control and cost reduction methods. Train personnel on the costing process, setup, functionality, and technical requirements for their position and department. Manage the ERP cost accounting modules, compile and measure key performance indicators, and complete reconciliations for financial close and reporting. KEY RESPONSIBILITIES Analyze manufacturing operations labor and overhead costs. Develop and identify cost standards relevant to all product categories and production processing line types. Provide analytical data for goods produced, byproducts and waste that would provide benchmarks and be used to monitor results for operational efficiency and cost accounting standards. Identify and recommend cost-effective solutions. Develop ERP workflows for each stage of the production process from planning to finished goods. Create and Maintain Inventory Cost Accounting system validation and support documentation. Perform monthly, quarterly, and annual cost accounting reconciliations for financial close and reporting. Maintain system to identify key drivers of material cost variances so that they can be effectively managed and optimized. Perform periodic process and systematic assessment regarding allocation of standard costs and provide an evaluation report identifying impacts, if any, for each item, division and department. Provide analytical data reports on inventory volumes, yields, and costs to support operations and purchasing. Run Cost Volume Profit (CVP) Analysis to determine the company’s breakeven point and/or production level needed to produce profit on new and current products in relation to the budget and rolling forecast. Actively instill a thorough understanding of business performance data by leading forecast and budget meetings, manufacturing performance meetings, and training others on costing impacts. Reconcile inventory accounts to the general ledger and maintain accurate Raw Materials, WIP, and Finished Goods Inventories. Analyze, implement, and update the Bill of Materials (BOM) to include the standards cost of all manufactured products through direct costs, bill routings, indirect cost calculation formulas, and the costing version. Thoroughly analyze monthly freight expenditures, periodic inventory cycle counts, month-end inventories, and invoice/spending data to ensure the integrity of information; also analyze for oddities, monthly inflation, or cost-reductive areas. Work cohesively with the production team to create/review, analyze, and verify accurate reporting of production costs and processes to implement key performance indicators for benchmarking. Expand the organization’s efficiency by identifying production bottlenecks and/or limitations to assist the Operations Team in maximizing throughput. Responsible for the compilation and integrity of all business performance data produced to support management’s financial and performance decisions. Other duties and responsibilities as assigned. WORK EXPERIENCE & PERSONAL SKILL REQUIREMENTS Strong communication, analytical, and technological skills. In-depth understanding of Generally Accepted Accounting Principles (GAAP) Proficiency in ERP system setup and navigation for costing, inventory, and production. Experience in Microsoft Office Products, in addition to BI Tools and Reporting. Detailed oriented. Mathematical skills. Continued Education as determined necessary by Supervisor. Ability to work shifts and/or extended work hours . EDUCATION REQUIREMENTS Bachelor’s Degree in Accounting. Minimum of 3-5 years Manufacturing Cost Accounting Experience Equal Opportunity Employer. All employees are subject to pre-employment drug testing.
