Job title
Senior Cost Accountant
Reports to
Chief Financial Officer
Level
Level 3 – First Level Management
Status
Salary / Exempt
JOB DESCRIPTION
Job purpose
The Senior Cost Accountant is responsible for general ledger accountability, inventory reporting, as well as overhead and import factory reporting.
Duties and responsibilities
- Prepare monthly inventory reconciliations and valuation – including direct cost (factory or BOM), related freight, labor, and overhead.
- Responsible for ensuring in-transit inventory is accurately reported.
- Monitor and value quality control inventory.
- Monitor inventory transactions for reasonableness and research unusual activity.
- Responsible for inventory and overhead general ledger accounts.
- Responsible for analysis of overhead related expenses and allocating costs incurred proportionally between import and manufactured expense accounts.
- Responsible for calculating the appropriate capitalization rates for labor, overhead, and freight.
- Prepare monthly account reconciliations.
- Monitor and reconcile cost of goods sold accounts.
- Monitor and record production values.
- Responsible for identifying obsolete inventory and maintaining appropriate reserve values.
- Responsible for rolling the processing month after each month closes.
- Maintain current cost of raw materials and finished goods in the system.
- Ensure timely preparation and distribution of monthly reports to internal personnel.
- Analyze costs associated with domestic suites and apply appropriate factors for pricing calculation.
- Assist with annual physical inventory count process.
- Work with external auditors at year-end to provide necessary documentation and reports.
- Assist with bank audits and inventory appraisals providing support, documentation, and reports.
- G/L System Maintenance.
- Ability to manage competing priorities.
- Conscientious about timeliness of assignments and quality of work product.
- Ability to adapt quickly and learn new tasks independently.
- Ability to follow internal controls.
- Establish new and enforce existing procedures and internal controls.
- All other job-related duties as assigned.
Qualifications Required
- Degree in accounting.
- 3+ years senior level cost accounting.
- Advanced Level Excel skills.
Preferred
- 5+ years plus Cost Accounting experience, including experience in industry.
- JD Edwards experience.
- Advanced computer skills.
Working conditions
This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, and fax machines.
Mental Requirements
- Prolonged periods sitting at a desk and working on a computer.
- Must be able to lift up to 15 pounds at times.
- May be required to travel on occasion.
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