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- Develop and maintain timely and accurate financial statements and reports that are appropriate for the users in accordance with CAS standards and GAAP.
- Oversight of overhead calculation, product costing, ERP updates related to overrates application, P&L review and oversight as it relates to financial margins, product margins, variance analysis.
- Develop, implement, and ensure compliance with internal financial and accounting policies and procedures.
- Ensure that all statutory requirements of the organization are met.
- Participate in monthly closing cycle, reconciliations, journal entries and GL management. Participate in monthly financial closing and management and executive package.
- Participate in supporting operations on proper BOM creation, review of travelers and routers, R&D studies, production and financial variance analysis.
- Be the finance expert to manufacturing leadership and quickly gain respect, trust and credibility by prompt delivery of actions and subject matter expertise.
- Provide a frugality perspective and quick strategic decision-making support to Manufacturing to evaluate alternative approaches including participation in ERP implementation and / or enhancements.
- Participate in percentage of completion of accounting. Must support other projects as they are assigned. Must maintain an open mindset to other projects which may be outside of just costing.
- Establish and manage a consistent process across all locations for estimating the cost of new factory manufactured products or projects to internal and external customers. Drive continuous estimating process improvement.
- Responsible for costing methodology for Direct Materials & BOMs, Manufacturing Direct Labor Hours & Overhead Costs. Manufacturing productivity and labor & overhead absorption. Establish a consistent set of best practices are deployed across all locations.
- Establish closed loop process and controls to review regular cost yield and variance analysis to confirm the accuracy of product standard costs. Ensure management execution of change related actions.
- Work continues on with manufacturing team for Inventory management and Inventory cycle counts, year-end counts, and inventory valuation management.
- Partner and support Manufacturing management with regular financial and operational key performance reviews including variance analysis and informed commentary.
- Participate in supporting all audits and internal control operations.
- Set targets for and supervise all accounting and finance personnel.
- Percentage of Completion – Revenue recognition.
- Participate in supporting R&D studies and related support packages.
- Support establishment of budgets in accordance with the requirements of Company departments.
- Participate in projects as they may be assigned.
- Manage and support year end audits, review and other regulatory filing requirements.
- Provides guidance to other team members on appropriate methodology for process or data analysis and financial reporting with GAAP and Accounting Standard Codification (ASC). Must have significant understanding with CAS (cost accounting standards) Standards.
