Sr. Cost Accountant

$87,535 - $131,200/Yr

Pharmavite - New Albany, OH

Full-time - Mid Level

New Albany, OH

Chemical Manufacturing

About the position

The Sr Cost Accountant will apply principles of cost accounting to ensure the integrity of cost data, and statistical procedures to administer systems and report cost data, such as product standard costs, material and manufacturing variances, and daily production results. Periodic financial support to operations management for process analysis and improvement efforts, resource use and allocation for effective decision-making process.

Responsibilities

• Reconciles inventory transactions and prepares monthly journal entries as needed.
• Identify opportunities to increase efficiency in month end close process.
• Prepares and analyzes monthly material and manufacturing variances, inventory reserves, inventory movement, costs of sales, and system cost flows; evaluates existing cost system reporting; investigates and resolves discrepancies in cost and variance data.
• Maintains and monitors standard costs on a daily and monthly basis; provides feedback to Procurement to facilitate changes to purchased standards.
• Designs and prepares monthly Operations Financial Performance Package.
• Assists in meeting the requirements of interim and annual internal/external audits.
• Support quarterly forecasting process and annual budget preparation.
• Perform in depth analysis of work order variances such as rework, scrap, and material yield/usage variances.
• Develops operational cost analyses and new methods to enhance accuracy of standard cost through process/system improvements.
• Supports the Operations group goals of process improvement through system driven financial or capacity modeling analysis. Creates feedback mechanism for their review for continuous process improvement.
• Creates cost/benefit analyses and financial justifications to support critical business analysis.
• Work with operations to reduce inventory aging, improve turnover, and mitigate write-off risk.

Requirements

• Requires a four-year college or university degree or its equivalent in accounting or business related field.
• Requires two to five years experience in Cost Accounting, financial modeling, and analysis in a Manufacturing environment.
• Competent knowledge in cost accounting, inventory control, general accounting principles.
• Experience with ERP systems.
• Experience in JDEdwards, Oracle or other related ERP system.
• Proficient in Microsoft Excel and Power Point.
• Exposure to lean methodologies and continuous improvement principles a strong plus.
• Excellent human relation skills required.

Benefits

• Competitive compensation programs
• Comprehensive Total Rewards package
• Health and well-being support
• Peace of mind through benefits
• Recognition program