Cost Analyst - Lowell, United States - Seatech Solutions LLC
Description
Cost Analyst - Lowell, MA
Onsite position
Job Summary:
The main responsibilities encompass managing the cost accounting system, analyzing and reporting on financial data, overseeing inventory, supporting audits, and improving accounting procedures.
Key Responsibilities:
- Create and manage the organization's cost accounting system, including all related documents and records.
- Analyze trends in costs and variances, investigate significant discrepancies, and suggest suitable actions.
- Conduct analyses of manufacturing costs and regularly produce reports that compare standard costs with actual production costs.
- Engage actively in meetings related to new product development.
- Estimate costs for new and proposed products.
- Prepare monthly inventory reports and evaluate inventory reserve needs in collaboration with the Supply Chain team.
- Oversee quarterly or biannual inventory audits, prepare related reports, and reconcile inventory results for management review.
- Support the annual review and update of standard costs, including labor and overhead rates.
- Execute monthend closing procedures as required.
- Ensure the accuracy, reasonableness, and proper documentation of inventory account balances through general ledger account analysis and reconciliation.
- Align engineering budgeted production standards with QuickBooks data.
- Facilitate the work of external and internal auditors during semiannual and annual audits and according to the internal audit schedule.
- Work with other accounting staff to evaluate and enhance accounting systems and procedures, and provide training on new or revised processes.
- Offer assistance to the accounts
Requirements:
- At least 3 years' experience in general accounting and/or cost accounting within a manufacturing environment
- Exposure to costing in MRP systems
Benefits:
- Medical, Dental, Vision Insurance
- Group Life and Disability insurance
- 401(k) with match
- Paid Holidays
- Biweekly profitsharing contribution
- PTO (Vacation and Sick Time)
- Bonuses
Pay:
$57, $70,000.00 per year
Benefits:
- 401(k)
- 401(k)
- Dental insurance
- Disability insurance
- Health insurance
- Life insurance
- Paid sick time
- Paid time off
- Vision insurance
Education:
- High school or equivalent (required)
Experience:
Cost Analyst: 3 years (required)
Work Location:
In person
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