Cost Accountant

Parker; Mineral Wells (TX); On-site; USD 85,000 - 110,000; Full time

Job summary

Parker Industrial Process Filtration division seeks an experienced cost accountant to ensure accurate reporting of manufacturing costs in monthly statements. Responsibilities include inventory valuation, GL reconciliation, variances analysis, and production cost control using ERP systems.

Ideal candidates bring 7+ years in cost accounting, strong Excel, and ability to collaborate across manufacturing teams. Bachelor’s in Accounting/Finance required, with experience in Oracle ERP.

Qualifications

• Bachelor’s degree in Accounting/Finance required.
• 7+ years cost accounting experience.
• Experience with Oracle ERP system required.
• Strong analytical, problem-solving and communication skills.
• MS Office and advanced Excel skills required.

Responsibilities

• Monitor perpetual inventory values and ensure costs are recorded in the correct period.
• Reconcile perpetual inventory balances to the General Ledger monthly.
• Analyze and correct inventory variances.
• Monitor job closings and shipments in ERP to match COGS with revenue.
• Prepare monthly journal entries to reflect inventory values and margins.
• Establish labor and overhead rates for all manufacturing departments.
• Calculate and record revenue and costs using Percent of Completion per policy.
• Collaborate with manufacturing supervisors to fix data flow issues to the General Ledger.
• Perform other tasks as assigned.

Skills

MS Office

Advanced Excel

Analytical skills

Problem solving

Communication skills

Autonomy

Education

Bachelor’s degree in Accounting/Finance

Related experience or training or equivalent

Tools

Oracle

ERP systems

Job description

Org Marketing Statement

Welcome to Parker Industrial Process Filtration

At Parker’s Industrial Process Filtration Division, we collaborate with our customers to offer filtration solutions for complex contaminant management issues. Our aim is to enhance product quality and safeguard critical equipment against maintenance issues and downtime.

The Industrial Process Filtration Division directly supports North America. In addition, IPF works with our global Parker Hannifin regional entities to leverage IPF products across the globe.

Position Summary

To ensure manufacturing costs are accurately reported in the monthly financial statements

Responsibilities

The responsibilities described here are representative of those tasks an employee performs to successfully complete the essential functions of this job; however, this is not a comprehensive listing of all tasks that may be assigned or required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The duties include, but may not be limited to the following:

• Monitor perpetual inventory values to ensure costs are accurately recorded and that jobs are completed and closed in the proper accounting period.
• Reconcile perpetual inventory balances to the General Ledger on a monthly basis.
• Analyze and correct any identified inventory variances.
• Monitor job closings and shipments through the ERP system to ensure Cost of Sales are properly matched with associated revenue.
• Prepare monthly journal entries, when needed, to accurately reflect inventory values and product margins.
• Establish and maintain labor and overhead rates for all manufacturing departments.
• Calculate and record revenue and costs using the Percent of Completion method per company policy
• Work closely with manufacturing supervisors to identify both manual and systematic issues that might result in the incorrect flow of information to the General Ledger.
• Perform other tasks as assigned.

Qualifications

The requirements described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The minimum qualifications required include, but may not be limited to, the following:

• At least 7-years’ experience in cost accounting.
• Experience using Oracle preferred; proficiency with a large ERP system required.
• Ability to research and analyze various forms of data/information.
• Proven organization skills, ability to prioritize work, and analytical and problem solving skills.
• Intermediate level skills with MS Office software; advanced Excel skills a must
• Demonstrated ability to communicate effectively and diplomatically with a diverse customer base
• Self-motivated and effective, working autonomously or as part of a team
• Ability to develop professionally and grow within this role, and the organization.
• Ability to read and interpret documents such as work instructions, safety rules and procedure manuals.
• Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals.
• Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.
• Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

Education and/or Experience

• Bachelor’s degree in an Accounting/Finance related field.
• Related experience and/or training or equivalent combination of education and experience.

Physical Demands

Must meet the physical demands for the position including, but not limited to, the ability to:

• Occasionally stand, bend, stoop, walk, kneel, crouch, carry and climb.
• Use hands and/or arms to finger, handle, feel and reach.
• Talk and hear.
• Occasionally, lift and/or move 1 to 20 pounds, and occasionally, up to 40 pounds.
• Use specific vision faculties which include close vision, peripheral vision, depth perception, and the ability to adjust focus.

Work Environment

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The duties of this job are primarily performed in climate-controlled temperature office environments, with low to moderate noise levels and fluorescent, incandescent and/or natural lighting.

Safety

The employee must:

• Adhere to all Safety guidelines.
• Immediately report all safety issues including injuries, unsafe conditions, unsafe acts, and near miss situations.
• Review PPE Hazard Assessment Certification Form for safety requirements.

Equal Employment Opportunity

Additional Comments

The essential functions have been provided as example of the type of work performed by employees assigned to this job classification. The company reserves the right to modify the work assignments and/or to make reasonable accommodations so that qualified employees can perform the essential functions. The job description is not intended to be an inclusive list of duties and responsibilities. It is intended to describe the general nature of the position.

Parker is an Equal Opportunity and Affimative Action Employer. Parker is committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job related reasons regardless of race, ethnicity, color, religion, sex, sexual orientation, age, national origin, disability, gender identity, genetic information, veteran status, or any other status protected by law. However, U.S. Citizenship, Permanent Residency or other appropriate status is required for certain positions, in accord with U.S. import & export regulations.
(“Minority / Female / Disability / Veteran / VEVRAA Federal Contractor”)

If you would like more information about Equal Employment Opportunity as an applicant under the law, please go to Employees & Job Applicants | U.S. Equal Employment Opportunity Commission