Sr. Cost Accountant

Entertimeonline; Cincinnati (OH); On-site; USD 100,000 - 120,000; Full time

Job summary

Entertimeonline in Cincinnati seeks a Senior Cost Accountant to ensure accuracy of P&L and Balance Sheet related to cost accounting. You will partner with Procurement, FP&A, Transportation, and Plant Controllers to improve budget accuracy and operational cost efficiency.

The role involves collecting and analyzing financial data on expenses, capital, and performance to drive budgeting, forecasting, and process improvements in a fast-paced environment.

Qualifications

• Bachelor’s degree in accounting or finance or related field.
• Minimum of 7 years cost accounting experience.
• Advanced costing methods and GL knowledge.
• SAP experience preferred.
• Strong communication and analytical abilities.

Responsibilities

• Analyze expenses and cost transactions; ensure correct period and GL allocation.
• Perform standard to actual variance analyses for labor and overhead.
• Prepare periodic costing reports across plant activities.
• Manage standard costs for raw materials and finished goods.
• Support pricing with current costing analytics including inbound freight.
• Collaborate with R&D, Sales, and Supply Chain on costing for new products.

Skills

Cost accounting

Analytical skills

Excel

Communication

Lean environments

Team collaboration

Education

Bachelor’s Degree in accounting or finance

Tools

SAP

Excel

Job description

• Location 11500 Northlake Drive,Suite 200,Cincinnati, OH, 45249,United States
• Base Pay $100,000.00 - $120,000.00 / Year

Description

JOB SUMMARY:
The Senior Cost Accountant will have responsibility for ensuring technical
accuracy of the P&L and Balance Sheet as they relate to Cost Accounting. This
individual will partner with Procurement, FP&A, Transportation, and Plant Controllers, to support operational cost efficiency. This role will assist in the collection and analysis of financial information related to the organization’s expenses, capital, and performance to define ways to improve accuracy of budgets, forecasts, and overall processes as determined by normal operations and periodic performance.

ESSENTIAL FUNCTIONS:

• Analyzes expenses and cost transactions; ensures that transactions are recorded
  accurately, in the correct Financial period and assigned to the appropriate GL Accounts, Department/Dimensions, and Projects.
• Conducts specific research to recommend process improvement and to monitor
  and measure performance operations
• Prepares periodic reports tracking data across all plant activities.
• Manage standard costs of raw materials and finished goods in accordance with
  corporate policies including both new and existing items
• Assist in management of annual calculation of standard direct labor and overhead
  cost rates, monitor throughout the fiscal year
• Perform standard to actual Labor and Overhead variance analysis
• Support Pricing Team by providing current costing analytics including Inbound
  freight
• Partner with R&D and Sales on costing of new product development
• Partner with Data Management on BOM setup and maintenance
• Create weekly Inventory Adjustment Walk to forecast
• Reconcile Monthly Inventory and assist in monthly inventory reserve calculation
• Partner with Inventory Control Manager on Inventory management KPI’s and
  process
• Serve as Finance partner in ensuring inventory SOP adherence
• Analyze and identify root cause/corrective Action of weekly/monthly PPV variances
• Partner with Strategic Sourcing in forecasting and evaluating Purchase Price
  Variance
• Support calculations and accruals of pass-through material expenses
• Partner with Senior Manager Supply Chain Finance on Budget, Forecast and actuals
• Collaborate with Site Controllers on analytics process and reporting of cost per
  pound metrics.
• Construct Ad-Hoc costing analysis supporting Supply Chain and operations
  projects; both to estimate future costs and measure actuals.
• Perform other duties and ad-hoc requests as assigned

POSITION GOALS:

• Assist in continued development of Corporate Standard Cost method and
  processes
• Participate in creation and deployment of cross-functional SOP’s as they relate to
  Corporate cost structure
• Develop standardized weekly and monthly cost metric measurements unified
  across plant locations
• Perform other duties as assigned

KNOWLEDGE, SKILLS, ABILITIES:

• Bachelor’s Degree in accounting or finance or related field
• Minimum of 7 years Cost Accounting experience
• SAP experience preferred
• Advanced understanding of costing methods, General Ledger associations and
  Income Statement impacts
• Thorough understanding of cost accounting principles and procedures.
• Experience in Overhead Cost Absorption Allocation
• Excellent communication, relationship building and negotiating skills
• Strong analytical and quantitative ability
• Demonstrated solid working knowledge of Microsoft Applications, including Word,
  Excel & Power Point
• Must be a hands-on person who is comfortable with lean, fast-paced working environments.