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Cost Accountant

DiaSorin • Northbrook, IL, United States • $200k - $250k / year • 1w ago

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Cost Accountant

Published on: Aug 30, 2024

Country: United States

Company: Luminex Corporation

Job Category: Finance

Employment type: Regular Full Time

Job Scope

The Industrial Cost Accountant, reporting directly to the Industrial Controlling Manager, is a key member of the plant industrial controlling team and is responsible for:

Managing the plant’s day-to-day cost accounting functions.
Advising Industrial Controlling Manager of potential risks on controlling the assets and inventories at the facility.

Key Responsibilities and Duties

Partnering with operations to timely update the BOM’s as needed.
Setting up the standard cost for new materials as needed and updating the standard costs once a year according to the company policies.
Monitor and maintain part numbers in Oracle.
Reviewing and closing job orders timely, summarizing and reviewing the variances with the operations team and Industrial Controlling Manager.
Assist to analyze and review the purchase price variance report.
Work closely with the accounting team and the Industrial Controlling Manager to perform the month end closing timely and accurately.
Monthly reconcile third party / outside inventory locations.
Perform monthly inventory reconciliations, review and reconcile any discrepancies with the Industrial Controlling Manager and Operations team.
Review and track the inventory cycle counts, summarize and discuss variances with the Industrial Controlling Manager, ensuring any material write off was properly approved according to the policies and procedures.
Assist inventory personnel to ensure proper accounting on manual movement types in Oracle.
Review the monthly obsolescence calculation / reserve, analyze the data and discuss with the Industrial Controlling Manager any future exposure or risk.
Review monthly spending by cost center and recommend necessary accruals.
Provide training and assistance to operations personnel to enhance their understanding of all components of product costs and their understanding of the cost center reporting.
Assist in the preparation of the company’s annual operating plan with respect to preparing the data for inventory costing, manufacturing cost, variances and trends.
Assist with internal and external audits.
Ensure compliance with internal controls.
Complete ad hoc reporting to support manufacturing team as needed.

Education, Experience, and Qualifications

Bachelor’s degree in accounting
3-5 years of experience in a manufacturing cost accounting system.
Knowledge of and skill using personal computer equipment and related software such as Microsoft Word for Windows and Excel
Knowledge of and skill in using automated general ledger systems. Knowledge of Oracle is preferred.
Verbal communication skills such as the ability to be diplomatic under adverse conditions; ability to be sensitive and respond with a sense of urgency to requests for information.
Strong analytical skills such as the ability to identify current and future trends necessary to maintain an efficient inventory system and minimize risk.
Problem solving ability such as the ability to utilize appropriate resources to resolve an issue; ability to follow an issue through to resolution.

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