Senior Costing & Inventory Control Accountant

• Planning, Studying, and collecting data to determine costs of business activity such as raw material purchases, inventory and labor.
• Analyzing data collected and recording results
• Analyzing changes in product design, raw materials, manufacturing methods or services provided, to determine effects on cost
• Analyzing actual manufacturing costs and preparing periodic reports comparing standard costs to actual production costs
• Recording cost information for use in controlling expenditures
• Analyzing audits of costs and preparing reports
• Making estimates of new and proposed product costs
• Providing management with reports specifying and comparing factors affecting prices and profitability of products or services.
• Maintaining Cost Accounting System
• Assisting in Month end close of the General Ledger
• Conducts physical inventories and monitors cycle count program
• Reconciles finished goods inventories

Key Responsibilities:

• Perform month end close activities related to Cost Accounting.
• Prepare actual vs. plan (budget) analysis. Prepare various financial analysis related to manufacturing costs, inventory, and expense information for various customers as needed for decision making support. · Set up new raw material, packaging, WIP, and FG items; create and maintain production BOMs; maintain periodic cost rolls/updates
• Analyzes changes in product design, raw materials, manufacturing methods, or services provided, to determine effects on costs. Analyzes actual production costs and prepares periodic reports comparing standard costs to actual production costs.
• Records cost information for use in controlling expenditures.
• Prepares estimates of new and proposed product or service costs.
• Recommends cost efficiencies in new product layouts.
• Provides management with reports specifying and comparing factors affecting prices and profitability of products or services.
• Develop and maintain standard costs of finished goods and production components in ERP system.
• Maintain and improve processes and controls associated with manufacturing costs and inventory valuation.
• Lead and manage the quarterly excess and obsolete inventory review process.
• Ensure validity and accuracy of ERP through analysis, internal audit, and coordination with inventory control, production and work order processing.
• Assist in developing and documenting policies and procedures, including system requirements and internal controls.
• Represent Finance/Accounting on teams designed to improve operations, reduce costs, etc.