<span>Cost Accounting Analyst III</span>

$80,000 - $90,000/Yr

Biosource Recruiting - Minneapolis, MN

Full-time - Mid Level

Minneapolis, MN

About the position

The Senior Cost Accounting Analyst is responsible for overseeing plant inventory valuation and assisting corporate accounting operations. This role involves ensuring inventory accuracy, analyzing standard costs, and executing internal controls and compliance. The analyst will collaborate with various departments, including plant operations, engineering, and purchasing, to maintain and review standard costs, while also providing timely information regarding inventory cost and valuation accuracy.

Responsibilities

• Perform inventory valuations and inventory reserve calculations
• Work with Operations and Purchasing to set standard costs
• Calculate resin-related rebates and credits, and provide related monthly usage analysis
• Execute cost-volume-profit (CVP) analysis
• Perform inventory and related account reconciliations
• Recommend changes around processes and policies to reduce cost and maximize profit
• Ownership of the capitalized variance calculation and intercompany margin elimination
• Ownership of annual physical inventory and development of cycle count process
• Report summary of physical inventory adjustments
• Review item master accuracy and validate expected fields are consistently populated
• Pricing and margin review and analysis
• Monitor inventory transactions for errors in unit of measure, costing and transaction type
• Assist with business acquisitions and system integrations related to standard costs, bill of materials and routings
• Review PPV and partner with other departments to resolve inventory valuation and purchase price issues
• Perform assigned month-end close duties including calculating accruals, calculating overhead burden rate, entering journal entries and reconciling general ledger accounts
• Develop gross margin reporting to identify item costing deficiencies and develop processes to fix and maintain the accuracy of inventory valuation for active items and new business acquisitions
• Assist with annual financial audit and interim audit procedures
• Assist in the implementation of internal controls including evaluating, recommending, maintaining, and monitoring appropriate internal controls
• Participate in system enhancements and integration efforts throughout the organization
• Interact with internal and external stakeholders in responding to inquiries or Powerlink financial data reporting and ad hoc reporting requests
• Consistently support compliance by maintaining the privacy and confidentiality of information, protecting the assets of the organization, acting with ethics and integrity, reporting non-compliance, and adhering to applicable federal, state and local laws and regulations, accreditation and licensure requirements, and the Company's policies and procedures.

Requirements

• Bachelor's degree in accounting
• 6+ years of progressive accounting experience (GL, reporting, costing, public accounting)
• Flexible to work extended hours during month-end close and year-end close
• Manufacturing/assembly/distribution background
• Infor XA system experience is a plus
• CPA is a plus, but not required
• Month-end close experience including the creating and posting of journal entries
• Balance sheet reconciliation preparation