Senior Cost Accountant

Ferrotec; Bedford (NH); On-site; USD 85,000 - 110,000; Full time

Benefits offered by this job

Medical

Dental

Vision

401K Matching

Flexible Work Hours

Tuition Reimbursement

Leadership Development

Travel and Hotel Discounts

Paid Time Off

Sick & Wellness and Volunteer Time

Employee Recognition Program

Employee Engagement & Appreciation

Job summary

Ferrotec USA is seeking a seasoned Cost Accountant to join our Bedford, NH site. You will ensure data integrity for inventory costs, maintain standard costs, and provide timely month-end analyses and journal entries. Strong ERP/MRP II experience and confidentiality are essential.

The role supports budgeting, forecasting, and audits, with opportunities for process improvements across cost centers and manufacturing operations. On-site work with competitive benefits is offered.

Qualifications

• 7 years cost accounting experience in a standard cost manufacturing environment.
• Experience in an advanced MRP II environment.
• Proficient in Windows-based PC software packages including spreadsheet and word processing (Excel and Word, etc.)
• Strong interpersonal and analytical skills, and proven problem-solving skills.
• Good communication skills, both verbal and written.
• Ability to maintain strict confidentiality.
• Ability to prioritize and manage multiple projects and work independently.

Responsibilities

• Ensure accuracy and integrity of inventory cost data.
• Maintain standard material costs and rates; evaluate pricing regularly.
• Review reports for items with 0 standard cost and coordinate updates with Operations.
• Monitor obsolete/excess inventory and set reserves.
• Review labor and overhead rates for proper product pricing.
• Prepare and distribute cost center reports and month-end reconciliations.
• Prepare cost accounting journal entries and reconcile perpetual inventory to GL.
• Assist in budget/forecast for cost of goods and manufacturing expenses.
• Prepare quarterly and year-end audit documentation.

Skills

Cost accounting

MRP II

Excel & Word

Communication skills

Analytical skills

Confidentiality

Project management

Education

Bachelor's degree in Accounting or Finance

Tools

Excel

Word

MRP II software

Job description

Together we are a world-class diversified manufacturer with a commitment from our team to proudly provide pure precision solutions to our customers, delivering superior quality, value, and service.

Ferrotec (USA) Corporation is a technology company with a worldwide presence in various end products, manufacturing systems, and industries serving primarily the semiconductor industry. We provide our customers with advanced materials, components, systems, and manufacturing solutions. Please visit www.ferrotec.com for a list of office locations.

HOW YOU MAKE AN IMPACT

Responsible for the application and integrity of cost accounting practices in a dynamic manufacturing environment. This includes, but is not limited to planning, collecting, and analyzing data to determine and report all cost factors affecting production such as raw material purchases, inventory management costs, production labor, outside services, and machine shop activity. Track and report on all raw materials, WIP, finished goods, and consignment inventory.

Achievement of objectives must include an overriding commitment to quality that must permeate the areas of responsibility. Enable and Drive Change in the Organization.

WHAT SUCCESS LOOKS LIKE

• Responsible for the accuracy and integrity of inventory cost data.
• Responsible for the maintenance of standard material costs and rates. Annual evaluation of tiered pricing and purchasing patterns to determine whether the standard should be updated.
• Proactively review reports of items with a $0 standard cost and communicate with Operations to determine if standard cost updates are needed.
• Review, identify, and monitor potential obsolete and excess inventory and calculate the necessary reserves for management’s review.
• Perform periodic review of labor and overhead rates to ensure proper pricing of the company’s products.
• Ensures timely preparation and distribution of actual to budget cost center reports, inventory-related reports, and other miscellaneous month-end management reports including any necessary analysis, reconciliations, and explanation of results.
• Review and distribute PPV and WO Variance reports to operations, for review, explanations, and sign off.
• Communication and partnering with Operations on variance review as needed.
• Assist in periodic inventory counts and evaluate the adequacy of the inventory count program.
• Prepare the month-end cost accounting journal entries and monthly reconciliation of perpetual inventory to the general ledger.
• Perform the quarterly warranty reserve analysis for management review.
• Prepare monthly reconciliations of various general ledger accounts.
• Responsible for the preparation of all inventory-related reports.
• Assists in the budget and forecasting processes as it pertains to cost of goods and manufacturing expenses, as requested.
• Responsible for accounting projects that will be assigned from time to time.
• Prepare quarterly and year-end audit documentation (review of account balances/explanation of changes), based on requests received from our audit partners.
• Monitors the cost accounting activities of others to ensure consistency in reporting and compliance to Ferrotec and J-Sox Controls.
• Perform other related duties as may be reasonably assigned in the course of business.
• Achievement of objectives must include an over-riding commitment to quality that must permeate the areas of responsibility.
• Enable and Drive Change in the Organization.

Not a comprehensive list of duties. Duties may change without notice at management’s sole discretion

WHAT YOU NEED TO BE SUCCESSFUL

• 7 years cost accounting experience in a standard cost manufacturing environment.
• Experience in an advanced MRP II environment.
• Proficient in Windows-based PC software packages including spreadsheet and word processing (Excel and Word, etc.)
• Strong interpersonal and analytical skills, and proven problem-solving skills.
• Good communication skills, both verbal and written.
• Ability to maintain strict confidentiality.
• Ability to prioritize and manage multiple projects and work independently.

Preferred Skills:

Bachelor’s Degree in Accounting or Finance

PERKS OF JOINING OUR TEAM

• Medical
• Dental
• Vision
• Life & Disability
• 401K Matching
• Flexible Work Hours
• Tuition Reimbursement
• Leadership Development
• Travel and Hotel Discounts
• Paid Time Off
• Sick & Wellness and Volunteer Time
• Employee Recognition Program
• Employee Engagement & Appreciation Events hosted throughout the year.
• Virtual Wellness Activities and Classes are available to all employees & family members and Much More!

Salary offers will depend on experience, knowledge, skills, education, and location. Actual salary may vary due to these and other factors.

Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, pregnancy, genetic information, disability, status as a protected veteran, or any other protected category under applicable federal, state, and local laws.