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Job Description
- Analyzing actual manufacturing costs and preparing periodic reports comparing standard costs to actual production costs.
- 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 Systems.
- Assist managers in making critical decisions by translating cost data into useful information.
- Determine costs for new products and contract proposals; adjust forecast models, where necessary.
- Review all work orders to ensure accounting is accurate and issues are resolved quickly.
- Recommend and develop processes to enhance and improve efficiencies within the cost accounting function, by streamlining accounting processes and mapping work flows.
- Monitoring and reviewing the business operation tasks handled by the operations team including billing, services contracts and maintaining the correct data on the operational systems.
- Work with program and project managers to develop the organization's budget
- Review managers' budget proposals for completeness, accuracy, and compliance with laws and other regulations
- Combine all the program and department budgets together into a consolidated organizational budget and review all budgeting data.
- Analyze proposed plans and find alternatives if the projected results are unsatisfactory.
- Preparing annual financial plan (budget) beginning of the fiscal year and Quarterly budget updates in conjunction with the different departments’ managers.
- Providing business related reports & conducting special studies which contributes in decision making (cost & revenue analysis, new projects feasibility studies, resources utilization & billing rates Vs. cost rates).
- Analyzing changes in product design, raw materials, manufacturing methods or services provided, to determine effects on cost.
- Responsible for directing budgeting, forecasting, pricing (standard costs), variance analysis, inventory, cost savings projects, and internal controls.
- Coordinate physical inventory counts and cycle counts & Validate the cost of goods sold as part of the month-end close.
- Accumulate and apply overhead costs as required by generally accepted accounting principles & Work with the materials review board to locate and dispose of obsolete inventory.
Job Requirements
- Minimum Six (6) years of experience in manufacturing accounting, with a strong interest in cost accounting.
- Bachelor's degree in Finance or Accounting required; CMA / CPA a plus.
- Strong technical and financial skills with an ERP system.
- Must be advanced in Microsoft Excel and proficient in Word, PowerPoint and Outlook.
- Different packages of Training & Workshops including "On Job Training"
- Must have a strong Cost systems background and have excellent analytical skills; sound understanding of accounting principals.
- Experience working with engineering and manufacturing personnel on development and analysis of cost standards
- Ability to accurately prepare daily, weekly, monthly, quarterly and annual reports.
