Cost & Inventory Accountant - Monticello - Management Recruiters

Description

Our family-owned manufacturing client, located in Monticello, IN, is actively seeking a Cost & Inventory Accountant. The Cost and Inventory Accountant reports to the Chief Executive Officer and ensures compliance with standard cost accounting procedures and inventory controls and methods. Responsible for the preparation and analysis of cost reports, bill of materials, time studies, costing audits, route cause analysis of inventory discrepancies, inventory cycle counting, and inventory physical counts. The Cost and Inventory Accountant examines, and reviews unusual cost records, ensures cost data is allocated correctly, and investigates the root cause of inventory variances.
Cost & Inventory Accountant Responsibilities:

• Collects and analyzes data relative to the company's operational costs.
• Investigates material usage variances and drives operational process changes to eliminate the variances.
• Investigates purchase price variances and works with the sourcing team to find cost effective solutions.
• Review and approve inventory cycle counts inter-month and period-end physicals in line with Company instructions, document results, and suggest process improvements to eliminate variances.
• Carry out cost-volume margin analysis and absorption impact modeling.
• Carry out labor cost impact modeling that aligns to demand planning forecasts.
• Support analysis and commentary of drivers behind variances, month to month vs. prior year, and forecast and budget.
• Review production variances (materials & labor) with management and help drive to root cause.
• Help investigations in weekly/monthly dashboard of spending, highlighting opportunities for improvement.
• Collate labor straight time and overtime daily and review with plant management.
• Partner in plant problem solving and Continuous Improvement (CI) teams as finance subject matter expert by providing manufacturing support and analysis in such areas as process performance, line efficiency, OEE, scrap reduction, E&O reduction and control, inventory carrying cost, capital spending, inventory management, customer service objectives, production costing, and cost reduction.
• Ad Hoc analysis and other tasks as assigned.
• Partners with Vietnam cost accounting, sourcing, product development, and US/Vietnam operations teams on setting standard costs of manufacturing goods.
• Partners with Vietnam cost accounting team on establishing and maintaining all bills of materials.
• Partners with sales, product development, Vietnam cost accounting, and operations to generate customer margin programs.
• Partners with operations implementing lean principles around the costs of goods such as administrative, labor, distribution, logistics, etc.
• Performs account reconciliations.
• Provides key monthly reporting on standard cost variances such as PPV, MUV, production variances, and labor variances.
• Assist in monthly and year end reporting processes.
• Assists executive team in the financial analysis of key business strategies and/or projects and make recommendations based on anticipated outcomes.
• Prepare reports which summarize and forecast business activity and financial position in areas of expenses based on past, present, and expected operations.
• Assist with preparation of budgets, review budget proposals, general ledger, forecasts, capital justification, and prepare necessary supporting documentation and justification.
• Provide management with timely reviews of organization's financial status and progress in its various programs and activities including capital approval and reporting.
• Compare and report on actual cost results vs. operating standards.
• Monitor production inventory costing and levels.
• Prepares audit reports on cost accuracy, bill of material accuracy, time studies, downtime, changeover efficiency, scrap factors, etc. and represents findings to management.
• Recommends process improvements and critical KPI's to reduce waste and cost while driving margin improvement.
• Advises management on appropriate costing methods based on financial data.
• Performs other duties as required.

Cost & Inventory Accountant Requirements:

• Bachelor's degree in Accounting, Engineering, Economics, or Finance.
• Minimum 3 years in the Accounting/Finance field within a manufacturing environment. Standard cost accounting in a manufacturing environment.
• Additional certification (CPA or CMA) is a plus.
• US Generally Accepted Accounting Principles (US GAAP) experience
• Bilingual in English and Vietnamese
• Global experience preferred.
• Ability to communicate clearly and succinctly, including the ability to effectively communicate up, down, and across the organization.
• Demonstrated record of continued career progression across broader, challenging roles.
• Demonstrated ability to closely and effectively collaborate with their cross functional colleagues to drive organizational priorities and results.
• Ability to quickly assess both cost risks and opportunities within complex business situations.
• Ability to function in a fast-paced environment.
• Operates with a clear bias for action.
• Ability to build business models to demonstrate volume absorption impact, S&OP modeling, critical KPI modeling, and other comparative cost modeling as required.
• Significant experience with ERP and Microsoft Office systems.
• Advanced Excel user.
• PowerBI development a plus.

For more information, please submit a confidential resume to
Melva Lowry
1531 West Oak St.
Zionsville, IN 46077
Visit our website at
Due to the high volume of resumes received, only applicants with SPECIFIC EXPERIENCE requested by our clients will be contacted. All replies are held in strict confidence. MRI Zionsville WILL NOT share your personally identifiable information WITHOUT your permission.
Keywords: Cost Accountant, Inventory Accountant, Cost & Inventory Accountant, Cost Accounting Specialist, Financial Accountant, Accountant