About the role
Reporting to the Controller, the Sr Cost Accountant is a key member of the accounting team supporting the Baxter Springs, Kansas facility, the largest manufacturing operation within the organization and home to the production of industry-leading ultrahigh-pressure pumps and spare parts for our waterjet cutting systems.
The Sr Cost Accountant runs day-to-day cost accounting activities, partnering and providing feedback daily to the Ops team and the Controller regarding manufacturing performance, proper reporting and corrections, and variances. Partnering closely with operations and finance leadership, this role offers the opportunity to improve processes, leverage technology, and contribute to the continued growth and success of the flagship manufacturing facility.
This role is a hybrid position in Baxter Springs, KS. (On-site 2-3 days per week)
KEY RESPONSIBILITIES
Senior Level Analytics
- Study and collect data related to and working with the manufacturing operations team to identify and drive improvements
- Analyze changes in product design, raw materials, manufacturing methods, or services to determine effects on costs, provide support to business units to provide accurate quotes
- Prepare, analyze and report monthly gross margin analysis by customer, part number and production jobs
- Analyze manufacturing costs and prepare reports comparing standard costs to actual production costs
- Drive inventory accuracy through monitoring adjustments and cycle counts, coaching and training on proper counting techniques, ensuring proper processes are being used in all inventory impact areas.
Daily Operations
- Control and maintain cost accounting system, inputs and records to ensure accurate standard product costs
- Research and investigate all work order and labor reporting issues, work with supervisors to implement corrective actions
- Complete daily, weekly, monthly reporting on manufacturing activity
- Review daily production and price variances, identify discrepancies and make adjustments as needed
- Timely and accurately update costs for new products and ECR change notices
- Conduct month-end processes and journal entries, including balancing the perpetual inventory to the general ledger, reconciliations, management reports and audit support. Verify all entries to income statement and balance sheet.
- Maintain obsolete inventory calculations and conduct programs for disposal
- Develop updates for material labor overhead and material burden rates, conduct annual cost roll
- Assist in other accounting support as needed
TRAVEL
Not required
Qualifications
EDUCATION & EXPERIENCE:
- BS in Accounting, Masters/ CPA/ CMA preferred
- Proven background in high-volume, multi-component manufacturing environment (managing complex BOMs across thousands of SKUs) including minimum 5 years’ experience in this environment.
- Knowledge and understanding of all manufacturing input costs including material, labor, overhead and outside processing
- Solid understanding of integrated ERP systems in a standard cost environment
- Intermediate to advanced skills in Excel