Randstad Cost Accountant in Wayne, Pennsylvania
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salary:$55,000 - $65,000 per year
date posted:Wednesday, October 11, 2017
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The Cost Accountant will report to the Manager of US Cost Accounting for US plants and is responsible for overseeing all aspects of cost accounting inventory transactions for one of the production facilities in the US as well as additional responsibilities for other sites when needed. This position will perform in depth analysis on a plant level activity for inventory and cost. This requires working in ERP system and should be able to adapt to a changing environment and drive change in a proactive manner.
The duties of the role are diversified and involve an advanced knowledge of Cost Accounting principles as well as generally accepted accounting principles. The incumbent prepares inventory related reports to complete the month end close process, work closely with the CFO and plant finance operations team, post journal entries, and support management reporting requirements. In addition, the position will be required to support the annual budget process for the sites responsible.
Monitor day to day reporting of plant transactions: (40%)
Review transactions related to creation of products (i.e. receipts, scrap, transfers, production batches, cost variances, obsolescence, and cost of sales) to ensure sub ledger accuracy.
Maintain sub ledger account set up to ensure transactions are posted timely and accurately.
Work closely with Plant Controller to analyze obsolescence by creating reports and attending monthly meetings discussing plant activities.
Responsible for the following activities during month end close process: (35%)
Create and maintain schedules for at risk inventory and obsolescence inventory at the plant level on a monthly basis.
Responsible for importing specific plant cost sub ledgers and inventory reconciliation to GL. Also reconcile other related balance sheet accounts for specific plants.
Perform allocations based on finished good receipts monthly for mass cost changes as well as LOH apportionment review.
Review and reconcile inventory at the plant level related to R&D activities as well as Manufacturing activities.
Monitor inventory at outside manufacturers to ensure transactions are completed accurately and inventory is reconciled.
Create plant level schedules regarding sku level details of required inventory and COGS information for the Plant Controllers.
Monitor dual sourced products and make appropriate re-classes to ensure accurate re-posting.
Reconcile on hand and in transit inventory reports to GL monthly.
Reconcile un-invoiced inventory monthly for all products received in distribution facilities.
Create the following reports for inter-company inventory: inventory turns, lower of cost or market, inter-company inventory profit elimination reports, inventory by location reports monthly.
Submit completed reconciliations using online tools monthly.
Maintain good relationship with stakeholders to ensure reports are shared timely and there is collaboration across countries and departments to solve issues quickly and accurately.