Cost Accountant

Precision Castparts; Paramount (CA); On-site; USD 85,000 - 110,000; Full time

Job summary

CFW Group is seeking a Cost Accountant to ensure standard cost accounting for inventory and to support the GM and operations teams. The role reports to the Controller.

Responsibilities include monthly close, reporting, variance analysis, fixed assets oversight, and budgeting to drive cost control and continuous improvements across manufacturing sites.

Qualifications

• Bachelor's degree in accounting, finance, or related field.
• 3 to 5 years of accounting experience, preferably in manufacturing.
• Understanding of GAAP and statutory accounting concepts.
• Experience with monthly closings and budgeting processes.

Responsibilities

• Lead in daily, weekly, monthly, and quarterly reporting for all sites related to income statements and balance sheet.
• Prepare monthly closing journal entries and adjustments to financial records; organize and complete month end statements.
• Responsible for standard cost accounting for products and inventory.
• Support SOX program compliance and process improvements to increase efficiency.
• Monitor fixed asset capital projects and assist in physical inventories.

Skills

Monthly Close

Production Reporting

Standard Cost Accounting

Forecast and Budget processes

Microsoft Office

Education

Bachelor's degree in accounting, finance, or related field

Job description

Position Summary

The Cost Accountant is responsible for ensuring proper standard cost accounting is followed for CFW Group inventory and to provide support to the GM and all operational/supply chain teams. The Cost Accountant will be responsible for all areas related to cost-related items. This position reports to the Controller.

Primary Duties And Responsibilities

• Lead in daily, weekly, monthly, and quarterly reporting for all sites related to income statements and balance sheet
• Ensure accuracy and timeliness of reporting from the operations. Prepare Ad hoc reports as needed by operations and management
• Serve as a financial business partner to the GM, operations and supply chain teams
• Responsible for all aspects of standard cost accounting for CFW products
• Support general accounting group within different areas of fixed assets, payables, and receivables for related cost issues
• Prepare monthly closing journal entries and adjustments to financial records; organize, analyze and complete month end financial statements.
• Assist in annual physical inventories
• Monitor fixed asset capital projects from start to completion
• Responsible for monthly account reconciliations
• Provide support to accounting staff and assist in resolving issues that arise in these areas with minimal supervision
• Willingness to perform special projects to improve process efficiency and performance projects as assigned
• Work safely under functional safety guidelines such as PPE and equipment interaction
• All functions, duties or tasks are to be carried out in an honest, ethical and professional manner, and to be performed in conformance with applicable Company policies and procedures.
• Responsible for Excess & Obsolete reserve calculations on a quarterly basis
• Reconcile and analyze monthly Standard Margin and Sales Analysis.
• Create and maintain budget and forecasting activities for inventory balances and COGS.
• Monitors and analyzes department work to develop more efficient processes, procedures, and use of resources while maintaining a high level of timeliness and accuracy.
• Support SOX program compliance

Required Skills

• Monthly Close
• Production Reporting (Variable Cost, Productivity, Staffing)
• Standard Cost Accounting
• Forecast and Budget processes
• Proficient in Microsoft Office programs

Education

• Bachelor's degree in accounting, finance, or a related field

Experience

• 3 to 5 years of experience in accounting, preferably within the manufacturing industry
• Passion for the job and a can-do attitude; willing to work the hours necessary to enable the business to continually exceed expectations.
• Relentless and tenacious pursuit of continuous improvement in all facets of the business
• Highly organized and able to juggle several time-sensitive projects simultaneously.
• Understanding of GAAP and statutory accounting concepts and principles