Cost Accountant

Vaco; Youngwood (Westmoreland County); On-site; USD 65,000 - 80,000; Full time

Job summary

Vaco is hiring a Cost Accountant in Youngwood, PA on site. The role focuses on inventory valuation, cost control, and adherence to GAAP within a small business setting.

You will monitor inventory transactions, reconcile ERP to the general ledger monthly, prepare journal entries for scrap material, and assist with audits and annual counts. A Bachelor's Degree in Accounting and exposure to manufacturing environments are preferred.

Qualifications

• Bachelor's Degree in Accounting, Finance, or equivalent.
• Experience in manufacturing is a plus.

Responsibilities

• Monitor inventory transactions for discrepancies and investigate any outliers.
• Reconcile inventory reports from the ERP to the general ledger on a monthly basis.
• Calculate and prepare monthly journal entries for scrap material.
• Review inventory held at suppliers for reasonableness each month.
• Perform inventory price testing to ensure accurate valuations.
• Review and update standard costs in the ERP system.
• Calculate the full absorption ratio monthly and compare it to the general ledger, preparing adjusting journal entries as needed.
• Provide financial analysis as needed and assist with the preparation of monthly and annual financial statements.

Education

Bachelor's Degree in Accounting, Finance, or equivalent

Job description

Vaco is hiring for a Cost Accountant in Youngwood PA

Direct Hire, Onsite

Salary: 65-80,000/yr

Primary Functions

The Cost Accountant will be responsible for ensuring accurate inventory valuation, identifying risks, and maintaining controls in accordance with generally accepted accounting principles.

Key Responsibilities

• Monitor inventory transactions for discrepancies and investigate any outliers.
• Assess inventory for obsolete and slow-moving parts, ensuring adequate reserves.
• Reconcile inventory reports from the ERP to the general ledger on a monthly basis.
• Calculate and prepare monthly journal entries for scrap material.
• Review inventory held at suppliers for reasonableness each month.
• Address negative quantities in perpetual inventory reports.
• Perform inventory price testing to ensure accurate valuations.
• Review and update standard costs in the ERP system.
• Calculate the full absorption ratio monthly and compare it to the general ledger, preparing adjusting journal entries as needed.
• Other duties as assigned.

Reporting

• Provide financial analysis as needed and assist with the preparation of monthly and annual financial statements.
• Recommend benchmarks for measuring company performance.

Compliance

• Ensure adherence to accounting policies related to inventory and recommend changes as necessary.
• Monitor daily cycle counts and participate in counts if needed.
• Assist with annual financial audits and physical inventory counts.

Scope and Purpose

In a small business setting, the Cost Accountant may be required to perform additional duties beyond traditional cost accounting responsibilities.

Job Qualifications

Education Requirements

• Bachelor's Degree in Accounting, Finance, or equivalent.

Experience Requirements

• Experience in accounting, financial analysis, and with a manufacturing company is a plus.

EEO Notice

Vaco by Highspring is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.

Vaco by Highspring and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco by Highspring and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact [e-mail].

Vaco by Highspring also wants all applicants to know their rights that workplace discrimination is illegal.

Privacy Notice

Vaco by Highspring and its parents, affiliates, and subsidiaries ("we", "our", or "Vaco by Highspring") respects your privacy and are committed to providing transparent notice of our policies.

• California residents may access Vaco by Highspring HR Notice at Collection for California Applicants and Employees here.
• Virginia residents may access our state specific policies here.
• Residents of all other states may access our policies here.
• Canadian residents may access our policies in English here and in French here.
• Residents of countries governed by GDPR may access our policies here.

Additionally, submissions to this position are subject to the use of AI to perform preliminary candidate screenings, focused on ensuring minimum job requirements noted in the position are satisfied. More details about Vaco by Highspring's use of AI can be found here (https://www.highspring.com/ai-use-notices/). Further assessment of candidates beyond this initial phase will be conducted by recruiters and hiring managers. Vaco by Highspring does not know and cannot opine on if its client's use of AI products in hiring.

Pay Transparency Notice

Determining compensation for this role (and others) at Vaco by Highspring depends upon a wide array of factors including but not limited to:

• the individual's skill sets, experience and training;
• licensure and certification requirements;
• office location and other geographic considerations;
• other business and organizational needs.

With that said, as required by local law, Vaco by Highspring believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.