Job Overview: We are seeking a detail-oriented and experienced Senior Accountant with a strong background in manufacturing accounting, specifically in cost accounting and inventory management. The ideal candidate will have experience in maintaining accurate financial records, ensuring compliance with industry regulations, and contributing to the overall financial health of a manufacturing organization. This role is key in managing cost accounting functions, overseeing inventory processes, and providing insightful financial analysis to drive business decisions.
Key Responsibilities:
- Oversee and manage cost accounting functions, ensuring accurate costing of materials, labor, and overhead in the manufacturing process.
- Maintain and reconcile inventory records, ensuring accurate valuation of raw materials, work-in-progress, and finished goods.
- Prepare and analyze monthly, quarterly, and annual financial statements, including profit and loss statements, balance sheets, and cash flow reports.
- Perform inventory valuations and cost of goods sold (COGS) calculations, ensuring compliance with GAAP (Generally Accepted Accounting Principles).
- Develop and maintain cost models and work closely with production teams to analyze variances between actual and standard costs.
- Analyze and report on manufacturing costs, highlighting areas for cost control and efficiency improvements.
- Coordinate with operations, production, and procurement departments to ensure accurate inventory counts and proper accounting for all material transactions.
- Prepare journal entries related to inventory, cost of goods sold, and other manufacturing-related accounts.
- Assist with annual audits, ensuring that all cost and inventory processes are properly documented and in compliance with regulatory standards.
- Contribute to the budgeting and forecasting process, providing accurate and timely financial data related to costs and inventory projections.
- Participate in continuous improvement initiatives to streamline accounting processes and enhance operational efficiency.
- Ensure adherence to internal controls and company policies to safeguard assets and maintain financial integrity.
- Mentor and provide guidance to junior accounting staff.
Qualifications:
- Bachelor’s degree in Accounting, Finance, or a related field (CPA or CMA preferred).
- Minimum of 5 years of accounting experience, with at least 2-3 years in a manufacturing environment.
- Strong knowledge of cost accounting principles, inventory management, and manufacturing processes.
- Proficiency in accounting software, Great Plains, and ERP systems (experience with [specific software, e.g., SAP, Oracle, or NetSuite] is a plus).
- Advanced proficiency in Microsoft Excel, with the ability to create complex spreadsheets and financial models.
- Strong analytical, problem-solving, and organizational skills.
- Excellent attention to detail and ability to manage multiple priorities in a fast-paced environment.
- Ability to work cross-functionally with other departments, including production, procurement, and operations.
- Strong communication skills and the ability to present financial data clearly to non-financial stakeholders.
- Ability to work independently and as part of a team.
Preferred Qualifications:
- Experience with lean manufacturing or other cost-reduction initiatives.
- Knowledge of industry-specific regulatory requirements and standards.
- Experience with inventory management best practices in a manufacturing setting.