Job Title: Senior Cost Accountant
Summary: The Senior Cost Accountant is a key member of the finance team, responsible for overseeing cost accounting activities, analyzing cost data, and providing valuable insights to support strategic decision-making. This role involves advanced financial analysis, process improvement initiatives, and collaboration with cross-functional teams to optimize costs and enhance profitability.
Responsibilities:
- Cost Analysis and Reporting: Conduct in-depth analysis of product costs, manufacturing expenses, and overhead allocations to identify cost-saving opportunities, cost trends, and variances. Prepare detailed cost reports, financial statements, and management presentations to communicate findings to senior management.
- Inventory Management: Manage inventory valuation processes, including standard costing, actual costing, and inventory reserves. Ensure accurate inventory records and perform regular inventory reconciliations to minimize carrying costs and obsolescence risks.
- Product Costing: Calculate and analyze the full cost of products or services, considering materials, labor, overhead, and other relevant costs. Collaborate with product development teams to establish accurate cost standards and support pricing decisions.
- Budgeting and Forecasting: Assist in the development of annual budgets, forecasts, and long-term financial plans by providing cost-related insights and projections. Monitor actual performance against budgeted costs and identify areas for improvement.
- Variance Analysis: Conduct variance analysis to compare actual costs to budgeted or standard costs, investigating and explaining variances to management. Implement corrective actions and cost control measures as needed to achieve financial targets.
- Process Improvement: Identify opportunities for process improvements and automation within the cost accounting function. Streamline processes, develop tools, and implement best practices to enhance efficiency, accuracy, and data integrity.
- Cross-Functional Collaboration: Collaborate with various departments such as manufacturing, procurement, and supply chain to gather cost-related data, align on cost reduction initiatives, and support decision-making processes.
- Compliance and Audit Support: Ensure compliance with accounting standards, regulatory requirements, and internal controls related to cost accounting. Assist in internal and external audits by providing documentation, explanations, and support as needed.
- Ad-hoc Analysis and Projects: Lead or participate in special projects, ad-hoc analysis, or system implementations related to cost accounting, inventory management, or process optimization. Provide financial insights and recommendations to support business initiatives.
Qualifications:
- Bachelor's degree in Accounting, Finance, or related field (or equivalent experience). Master's degree or professional certification (e.g., CPA, CMA) is a plus.
- 5+ years of progressive experience in cost accounting or related financial roles, preferably in manufacturing or production environments.
- Advanced proficiency in Microsoft Excel, ERP systems (e.g., Oracle), and cost accounting software.
- Strong analytical skills and attention to detail, with the ability to interpret complex financial data and provide actionable insights.
- Excellent communication, presentation, and interpersonal skills, with the ability to interact effectively with stakeholders at all levels.
- Proven ability to manage multiple priorities, meet deadlines, and work independently in a fast-paced environment.
- Demonstrated leadership capabilities, including mentoring, coaching, and influencing cross-functional teams.
- Strong business acumen and strategic thinking, with a focus on driving continuous improvement and adding value to the organization.
Job Type: Full-time
Pay: $66,399.41 - $79,964.88 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Vision insurance
Schedule:
Ability to Relocate:
- Tolleson, AZ 85353: Relocate before starting work (Required)
Work Location: In person