About the position
The Senior Cost Accountant will play a crucial role in the month-end close process, consolidation, and the preparation of the Company's internal and external financial statements in compliance with U.S. GAAP. This position requires a strong understanding of cost accounting principles and practices, as well as the ability to analyze financial data effectively. The Senior Cost Accountant will be responsible for ensuring the accuracy and integrity of financial reporting, which is essential for decision-making within the organization. In this role, the Senior Cost Accountant will assist in various aspects of the monthly close, including preparing journal entries, account reconciliations, and advanced account analysis. They will own the full cycle of the cost accounting process, which includes cost allocation, analysis, and tracking. Identifying and analyzing cost variances will be a key responsibility, as well as providing explanations for any discrepancies against budget expectations. The Senior Cost Accountant will also be tasked with developing efficiencies in the cost accounting workflow and enhancing monthly reporting, trend analysis, and analytics on inventory balances and other key metrics. Collaboration with various departments such as Warehouse/Receiving, Management, Corporate Accounting, Operations, Supply Chain, and Quality will be essential for effective inventory valuation and processing. The Senior Cost Accountant will also be expected to identify, recommend, and implement process improvements to enhance the efficiency and accuracy of financial reporting. This position operates in a professional office environment and may require evening and weekend work as job duties demand.
Responsibilities
- Assists in aspects of monthly close, including preparing journal entries, account reconciliations, and advanced account analysis.
- Owns full cycle cost accounting process, including cost allocation, analysis, and tracking.
- Identifies and analyzes cost variances and provides explanations around deltas to budget/expectations.
- Identifies and develops efficiencies in cost accounting workflow.
- Develops and enhances monthly reporting, trend analysis, and analytics on inventory balances, age, quality status, and other metrics throughout the organization.
- Develops, analyzes, and maintains cost rates and processes for Personnel, Freight, Overhead, etc.
- Works closely with the Warehouse/Receiving, Management, Corporate Accounting, Operations, Supply Chain, and Quality groups on inventory valuation, processing and validation methods and policies.
- Identifies, recommends, and implements process improvements to increase efficiency and accuracy of monthly, quarterly and annual reporting.
Requirements
- Bachelor's in Accounting; Master's is a plus.
- 5 - 7 years of cost accounting and financial reporting experience, preferably in a manufacturing environment.
- CPA preferred.
- Attention to detail and analytical skills.
- Effective teamwork and communication skills.
- Experience in cost accounting and/or inventory accounting management.
- Experience with the energy industry and/or public companies.
- Strong proficiency in Excel.
- Experience with Oracle Cloud is preferred.
Nice-to-haves
- Effective and decisive decision-making skills.
- Cultural awareness.
- Business acumen.
- Customer/Client focus.
- Critical evaluation.
- Positive attitude.
- Organizational and prioritization skills.
- Accountability.
- Ethical practice.
- Patience.
- Flexibility.
Benefits
- Medical, Dental, Vision, Prescription Drug (Rx)
- Voluntary Life Insurance for Employee, Spouse, & Child(ren)
- Employee Basic Life and AD&D Insurance - Company Paid
- Short Term & Long Term Disability - Company Paid
- 401(k) or Roth 401(k) Retirement Plan, plus a company match
- Parental Leave
- Flexible Paid Time Off
