Job Description

Job Brief:
The cost accountant will be responsible for planning, studying, and collecting data to determine costs of business activity such as raw material purchases, inventory, labor and overhead. Will also be responsible for managing and coordinating the activities of all the staff members engaged in inventory control and inventory record accuracy.

Essential Responsibilities and Duties:

· Coordinate physical inventory counts and cycle counts

· Investigate cycle counting variances, inventory adjustments, and resolve issues

· Master data management including maintaining inventory Item Master, Item Location, Bill of Materials, and Bulk Conversion Table database - inner/master pack UPCs, quantities, dimensions, weights

· Analyzing actual manufacturing costs and preparing periodic reports comparing standard costs to actual production costs

· Analyzing changes in product design, raw materials, manufacturing methods or services provided, to determine effects on cost

· Review standard and actual costs for inaccuracies

· Update standard costs in the bill of materials

· Make estimates of new and proposed product costs and margins.

· Assist in updating the reserve for obsolete inventory as needed

· Work with the materials review board to identify and dispose of obsolete inventory

· Perform other related duties as assigned

Skills Required:

Knowledge, Skills and Abilities:

· Must have a strong cost systems background and excellent analytical skills; sound understanding of accounting principles

· Computer literate – advanced Excel skills and experience manipulating large databases

· Experience working with engineering and manufacturing personnel on development and analysis of cost standards

· Ability to effectively manage a variety of tasks

· Strong problem solver, stays calm under pressure

· Self-directed team player, ability to work independently

· Strong attention to detail and accuracy

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