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Tukwila

    Cost Accountant - Tukwila, United States - Industrial Service Solutions

    Industrial Service Solutions
    Industrial Service Solutions Tukwila, United States

    3 weeks ago

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    Description

    Position Summary:


    The Cost Accountant will perform advanced cost accounting analyses to compare estimated costs to actual costs and prepare a variety of related budget reports.

    The role requires collaboration within the accounting team as well as with various groups of the operations and sales teams.


    Essential Duties and Responsibilities:

    • Reviews work order transactions to identify costing errors. Root Cause Analysis.
    • Analyzes cost variance analysis and compares actual to system standards for both material and labor.
    • Assists operations with ad hoc analysis on special projects.
    • Assists with month-end and year-end inventories.
    • Validate accuracy of the inventory balances at the item and transaction level.
    • Reviews, analyzes, and reports actual job profit margins.
    • Maintains the Work in Process ledger.
    • Performs month-end and year-end closings including journal entries and reconciliations. Inventory subledger to GL reconciliation and roll-forward by branch.
    • Provides product costing for pricing and business decisions. Cost budget - working with branch managers and define detailed material, labor and overhead.
    • Project cost control, Cashflow analysis, Contract / PO reconciliation.
    • Determines current cost of projects by confirming project budgets with project leadership, establishing standard reconciliation process, collecting contract and invoice data, and verifying progress and completion status of project.
    • Establish and maintain project budget tracking systems.
    • Reconciles transactions by project and correcting data.
    • Tracks and reports on status of project completion progress through monthly reporting, including actual cost, forecast costs, cash flow, variances, and gaps.
    • Inventory subledger to GL reconciliation and roll-forward by branch.
    • Weekly job/work-ticket/WIP profitability reviews and reconciliations - variance analysis budget vs actual by jobs.
    • Conduct physical inventories and monitor the cycle count programs.
    • Calculate slow moving and obsolescence reserve to be reviewed by the controller.
    • Stock reconciliations and co-ordination of stock. BVS branches do not use Sage to check if other branches have the parts needed for the job prior buying parts.
    • PSV certification inventory by warehouse.
    • Assist with annual audits.
    • Performs other related duties as assigned.

    Qualifications:

    • 5+ years of cost accounting experience, preferably in an industrial manufacturing setting.
    • Bachelor's degree in accounting or finance.
    • Proven knowledge of bookkeeping and accounting principles, practices, standards, laws and regulations with GAAP experience required.
    • High attention to detail and accuracy. Ability to manipulate large amounts of data.
    • Must demonstrate ability to meet financial deadlines.
    • Must be proficient in utilizing and interpreting financial models and analyses.
    • Ability to manage multiple priorities effectively in a fast-paced, results oriented environment.
    • Strong verbal and written communication skills.
    • Expert Microsoft Office skills to include Excel and related computer applications.
    The above job description is not intended to be an all-inclusive list of duties and standards of the position. Incumbents will follow any other instructions, and perform any other related duties, as assigned by their supervisor.
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