Cost Accountant

Company: Seyer Industries
Location: Saint Peters
Posted on: October 19, 2024

Job Description:

Within the framework of Seyer Industries' policies and procedures, the Cost Accountant is responsible for performing advanced cost ascertainment, analysis, comparison, reconciliation and managerial reporting in a full absorption cost manufacturing environment; for developing activity-based costing and standard costing; and for overseeing and managing the financial aspects of inventory. Principle Responsibilities: Perform cost analysis and cost accounting activities for manufacturing jobs and customer programs ensuring adherence to budgetary guidelines and financial forecasts. Monitor and analyze production costs, including direct labor, materials, overhead, and other expenses related to manufacturing processes. Collaborate with cross-functional teams to review project budgets, variances, and cost projections, providing insightful analysis and recommendations to optimize operational efficiency. Determine and monitor the valuation of inventory using appropriate costing methods Record and reconcile inventory transactions in ERP. Perform monthly and annual inventory reconciliations. Investigate and resolve discrepancies between physical inventory counts and system records. Analyze cycle count results and implement corrective actions to address discrepancies. Prepare detailed inventory reports, including inventory aging, turnover rates, and valuation summaries. Provide inventory-related data and analysis for financial statements and management reports. Coordinate and oversee the annual physical inventory count. Assist in internal and external audits related to inventory. Provide necessary documentation and explanations for inventory audit inquiries. Prepare monthly, quarterly, and annual financial reports related to manufacturing costs, ensuring accuracy and compliance with regulatory requirements. Develop and maintain cost standards for new and existing products, incorporating relevant data to support pricing strategies and profitability analysis. Conduct regular audits of cost accounting records and procedures to identify areas for improvement and implement corrective actions as needed. Support financial planning and forecasting activities by providing cost-related insights and participating in budget planning processes. Stay abreast of industry trends, regulations, and best practices in aerospace manufacturing cost accounting to enhance departmental effectiveness and efficiency. Actively develop and promote continuous improvement initiatives. Perform other duties and responsibilities as necessary to assure the overall success of the financial organization. Educational Requirements: Bachelor's degree in Accounting, Finance or related field with advanced training in Accounting and Inventory Management Qualification Requirements: Minimum 5 years of cost accounting, preferably within aerospace manufacturing industry. Significant experience working with financial aspects of inventory management. Strong understanding of accounting principles (U.S. GAAP), financial analysis, and reporting standards. Proficiency in ERP systems required; Epicor Kinetic preferred. Advanced proficiency with Microsoft Excel for data analysis and reporting. Preference given to candidate with FAR cost accounting standards experience. Excellent analytical skills with the ability to interpret complex financial data and provide actionable insights. Ability to manage multiple tasks, prioritize objectives and duties, and to adapt to shifting priorities Team-oriented, self-motivated, enthusiastic about role. Effective communication skills with the ability to collaborate across different functional teams and present findings to senior management. Detail-oriented approach with a commitment to accuracy and a proactive mindset toward problem-solving. Ability to work under pressure and meet tight deadlines in a fast-paced environment. Employment Type: Full Time Years Experience: 5 - 10 years Salary: $75,000 - $95,000 Annual Bonus/Commission: Yes

Keywords: Seyer Industries, Columbia , Cost Accountant, Accounting, Auditing , Saint Peters, Missouri