Summary
Performs advanced cost accounting analyses, prepares various reports, and prepares budget reports concerning Operations and Corporate Functions.
Essential Duties/ Responsibilities:
· Adhere to and ensure compliance with GAAP and IFRS practices.
· Responsible for all SOX compliance, regulations and ensure continuous efficiency improvement per SOX.
· Support current Internal Control environment to ensure that accounting records are accurate and compliant with GAAP & IFRS.
· Support the entries and maintenance of the general ledger by ensuring the proper, accurate, and timely recording of transactions per GAAP/IFRS and Company policies.
· Consolidating financial data for forecasts, corporate reporting, and monthly reporting, including the development and maintenance of financial models to consolidate analytical data quickly and accurately.
· Responsible for ad-hoc financial planning, forecasting, and other management reporting functions.
· Actively collaborating with the IT team and the finance team to ensure alignment and accuracy of financial data.
· Analyze costing and inventory data to provide management recommendations and action plans to drive cost reductions and improve productivity.
· Analyze data discrepancies and work with management to implement changes when needed to improve processes.
· Analyze gross margin results, correct anomalies, identify trends and communicate findings.
· Responsible for all ad-hoc variance reporting, including variance forecasts, standard costs, trends, root causes, and Key Performance Indicator files, and making recommendations to management.
· Responsible for ensuring inventory auditing and program integrity.
· Assist with the identification and execution of productivity initiatives.
· Assist with the coordination and deliverables for quarterly reviews and annual audits performed by auditors.
· Assisting as a financial resource to the operational and management team in other accounting projects and period-end activities
· Assists in preparing tax schedules.
· Collect, analyze, evaluate, and present data about the company’s financial performance.
· Conducts capital budgeting reviews, complex costs analyses, and cost audits.
· Prepares documents for budget and forecasting process resulting in accurate, robust, and timely submissions.
· Develop and maintain performance metrics for material costs and establish material and labor standards with Operations.
· Developing in-depth five-year product cost projections for current and next-generation products, including variance analysis and What-if scenario planning.
· Continually review and monitor accounting practices to ensure actual results are accurate and compliant.
· The financial resource to the operational and management team in other accounting projects and period-end activities.
· Ensures Financial accurately reflects current assets and liabilities.
· Manage product costing, analyze and prepare annual raw material and standard cost roll-up as part of the annual budgeting process.
· Perform monthly closing activities.
· Work with CFO on cost issues, analytics, reporting, and improvements.
· Performs other duties and tasks as assigned.
Supervisory Responsibilities:
· Presently, this position is responsible for supervision of one Cost Accountant.
Competencies
· To perform the job successfully, an individual should demonstrate the following competencies:
· Analytical - Synthesizes complex or diverse information; Collects and researches data; Uses intuition and experience to complement data; Designs workflows and procedures.
· Design - Generates creative solutions; Translates concepts and information into images; Uses feedback to modify designs; Applies design principles; Demonstrates attention to detail.
· Problem-Solving - Identifies and resolves problems promptly; Gathers and analyzes information skillfully; Develops alternative solutions; Works well in group problem-solving situations; Uses reason even when dealing with emotional topics.
· Project Management - Develops project plans; Coordinates projects; Communicates changes and progress; Completes tasks on time and budget; Manages project team activities.
· Technical Skills - Assesses strengths and weaknesses; Pursues training and development opportunities; Strives to build knowledge and skills continuously; Shares expertise with others.
· Oral Communication - Speaks clearly and persuasively in positive or negative situations; Listens and gets clarification; Responds well to questions; Demonstrates group presentation skills; Participates in meetings.
· Written Communication - Writes clearly and informatively; Edits work for spelling and grammar; Varies writing style to meet needs; Presents numerical data effectively; Able to read and interpret written information.
· Teamwork - Balances team and individual responsibilities; Exhibits objectivity and openness to others’ views; Gives and welcomes feedback; Contributes to building a positive team spirit; Puts success of team above own interests; Able to make morale and group commitments to goals and objectives; Supports everyone’s efforts to succeed.
· Business Acumen - Understands business implications of decisions; Displays orientation to profitability; Demonstrates knowledge of market and competition; Aligns work with strategic goals.
· Cost Consciousness - Works within approved budget; Contributes to profits and revenue; Develops and implements cost-saving measures; Conserves organizational resources.
· Ethics - Treats people with respect; Keeps commitments; Inspires the trust of others; Works with integrity and ethics; Upholds organizational values.
· Organizational Support - Follows policies and procedures; Completes administrative tasks correctly and on time; Supports organization’s goals and values; Benefits organization through outside activities; Supports affirmative action and respects diversity.
· Judgment - Displays willingness to make decisions; Exhibits sound and accurate judgment; Supports and explains reasoning for decisions; Includes appropriate people in decision-making process; Makes timely decisions.
· Motivation - Sets and achieves challenging goals; Demonstrates persistence and overcomes obstacles; Measures self against standard of excellence; Takes calculated risks to accomplish goals.
· Planning/Organizing - Prioritizes and plans work activities; Uses time efficiently; Plans for additional resources; Sets goals and objectives; Organizes or schedules other people and their tasks; Develops realistic action plans.
· Professionalism - Tactfully approaches others; Reacts well under pressure; Treats others with respect and consideration regardless of their status or position; Accepts responsibility for own actions; Follows through on commitments.
· Quality - Demonstrates accuracy and thoroughness; Looks for ways to improve and promote quality; Applies feedback to improve performance; Monitors own work to ensure quality.
· Quantity - Meets productivity standards; Completes work on time; Strives to increase productivity; Works quickly.
· Adaptability - Adapts to changes in the work environment; Manages competing demands; Changes approach or method to best fit the situation; Able to deal with frequent change, delays, or unexpected events.
· Dependability - Follows instructions, responds to management direction; Takes responsibility for own actions; Keeps commitments; Commits to long hours of work when necessary to reach goals.; Completes tasks on time or notifies the appropriate person with an alternate plan.
· Initiative - Volunteers readily; Undertakes self-development activities; Seeks increased responsibilities; Takes independent actions and calculated risks; Looks for and takes advantage of opportunities; Asks for and offers help when needed.
Qualifications - To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below represent the knowledge, skill, and ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
Education and Experience
· Bachelor’s degree in Accounting or Business Management from a four-year college or university plus 3 to 5 years related experience; or equivalent combination of education and experience.
Language Skills
· Ability to read and comprehend simple instructions, short correspondence, and memos. Ability to write simple correspondence. Ability to effectively present information in one-on-one and small group situations to customers, clients, and other employees of the organization.
Mathematical Skills
· Ability to add, subtract, multiply, and divide into all units of measure using whole numbers, common fractions, and decimals. Ability to compute rate, ratio, and percent and to draw and interpret bar graphs.
All qualified applicants will receive consideration without regard to race, age, color, sex (including pregnancy), religion, national origin, disability, sexual orientation, gender identity, marital status, military status, genetic information, or any other status protected by applicable laws or regulations. GPAC (Growing People and Companies) is an award-winning search firm specializing in placing quality professionals within multiple industries across the United States since 1990. We are extremely competitive, client-focused and realize that our value is in our ability to deliver the right solutions at the right time.
