Senior Cost Accountant

Senior Cost Accountant

Description:

The Senior Cost Accountant will have the primary responsibility for sustaining and maintaining the Standard and Actual Cost Data in both the General Ledger and ERP System. The individual will prepare journal entries and oversee Labor, Material and Overhead transactions for the business. In addition, the individual will prepare journal entries for Excess Obsolete Inventory, Cost of Poor Quality and Inventory Cost that is Lower than Market Price. The individual will work with the Operations Management team to develop forecasts, budgets and cycle count processes for all categories of Inventory. In addition, the Senior Cost Accountant will be responsible for reporting and analyzing cost and inventory data to ensure the inventory value is properly reflecting GAAP Standards. This individual will be a key member of the finance/accounting team for this fast growing business unit. This position will report to the Controller, Off-Site Services

Responsibilities:

  1. • Provide broad financial support to operational and financial leaders, including preparation of variance analysis for Sales to Gross Margin comparing Actuals to Prior Year, Forecast and Budget
  2. • Work closely with Corporate Finance, Off-Site Accounting and Operations to understand Inventory and Inventory Reserves, Goods Received Not Invoiced, Receiving, AP, Payroll, Materials P&L and Balance Sheet activity to properly record and post Journal Entries per GAAP standards
  3. • Prepare Inventory and Inventory Reserve Balance Sheet Reconciliations and troubleshoot unreconciled items each month
  4. • Recommend and action Continuous Improvement activities to improve controls, processes and reduce closing days
  5. • Have an in-depth knowledge of GAAP, External Audit Requirements, SOX compliance and G/L systems
  6. • Coordinate and prepare audit requirements (Schedules, Worksheets, Analysis and Reconciliations) for external auditors
  7. • Develop Standards, Overhead Rates, Management Labor and Overhead Absorption Rates and Inventory Valuation based on Standard Changes, Over/Under Absorption activity
  8. • Work collaboratively with other members of the department to propose and implement process improvement ideas to enable more accurate and faster reporting and analysis

Requirements:

  1. • 6-9 years of experience in an Accounting role involving the preparation, follow-up and management of the monthly, quarterly and year-end closing requirements
  2. • Bachelor’s or Master’s degree in Accounting, Finance or related business discipline
  3. • Advanced MS Excel skills and ability to assemble/manipulate large data sets efficiently
  4. • Experience within manufacturing sector preferred
  5. • Strong analytical, verbal and written communication skills
  6. • Strong analytical, verbal and written communication skills

Salary:

$90,000 - $105,000 + 10% Bonus

Location:


Greater Hartford, CT


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