The Cost and Inventory Management Accountant is a primary process owner for:
Cost of sales, Inventory, Manufacturing Costs, Fixed Assets and Funded Engineering Project accounting.
The ideal candidate for the Management Accountant role will be a highly skilled and qualified professional possessing a background in cost and inventory management within a manufacturing setting.
They will possess excellent analytical and technical skills, with the ability to communicate financial insights effectively to support operational decision-making. This role requires a proactive individual with a strong business acumen, capable of driving improvements in financial processes and systems while maintaining the highest standards of accuracy and integrity in financial reporting.
Main Duties:
* Manage day-to-day accounting and tasks related to the efficient maintenance and processing of accounting transactions relevant to all cost of sales and inventory accounts
o Prepare standard and non-routine journal entries
o Complete monthly close procedures including preparation and analysis of monthly account reconciliations
o Preparation, review and analysis of monthly manufacturing cost and variances including purchase price variances, scrap variances, and cost revaluations
o Calculation and monitoring of standard cost rates and overheads to support effective absorption of manufacturing costs
o Analysis and reporting of gross margin by product
o Identification and evaluation of excess and obsolete inventory
o Preparation of additional reporting as required for management, audit and GAAP reporting including 606 revenue recognition validation
* Develop cross-functional relationships and provide business support to key operational functions via reporting, planning and analysis
* Overall Fixed Asset Management – Capitalisation, Work in Progress, Depreciation
* Forecast, ROI and payback calculations of Capital Investments
* Produce the manufacturing cost and other Cost of Goods forecasts
* Prepare requested schedules in support of internal and external audit process and requirements
* Provide financial support for annual stock take process
* Improve accounting and operational processes, systems & efficiency by working cross-functionally.
* Perform projects or ad hoc analysis to support key business partners.
Experience:
* Preparing and analysing monthly financial statements, including reconciliation of accounts.
* Calculation and monitoring of standard cost rates and overhead absorption.
* Prior involvement in producing financial forecasts, ROI/payback calculations, and supporting audits.
* Examples of improving accounting and operational processes.
* Experience in cost and inventory management accounting within a manufacturing business preferable
* Experience with ERP systems relevant to manufacturing, such as SAP or Microsoft Dynamics AX.
Skills and Competencies:
* Advanced proficiency in financial software and Microsoft Excel for data analysis, reporting, and modelling.
* Strong understanding of manufacturing cost structures, including variances, cost revaluation, and inventory valuation.
* Knowledge of GAAP and other relevant accounting standards.
Analytical Skills:
* Strong analytical abilities to evaluate manufacturing costs, variances, and financial performance.
* Ability to conduct detailed financial analysis, including ROI and payback calculations for capital investments.
Communication Skills:
* Excellent verbal and written communication skills, with the ability to simplify and present complex financial information to non-financial stakeholders.
* Proven ability to develop cross-functional relationships and act as a business partner to operational teams.
Organizational Skills:
* Excellent organizational skills with the ability to manage multiple priorities and meet tight deadlines.
Strong attention to detail and a commitment to accuracy in financial reporting.
Personal Attributes:
* Proactive and results-oriented, with a focus on continuous improvement.
* High level of integrity and ethical standards.
* Strong business acumen and a strategic mindset.
* Flexibility to adapt to changing business needs and tasks.
* Willingness to engage in further training and development as needed.
* Experience in project management and leading initiatives to improve financial processes.
#J-18808-Ljbffr