Job Summary The Cost Accountant is accountable for the ongoing gross margin analysis related to inventory and presents this information to management to aid in determining profit and loss. This position will include monitoring inventory accuracy, maintaining cost systems, analyzing variances, creating reports, recommending customer pricing, forecasting, and completing month-end duties to properly record costs on profit and loss statements per generally accepted accounting principles. They will use their findings to make suggestions for improvement regarding cost and operational efficiencies. Essential Duties and Responsibilities

• Implements and advises other departments on the process of inventory item setups, production process setups, and build of materials setups in the Plex system. Investigates cycle counting variances, scrap adjustments, manufacturing variances, and other miscellaneous inventory adjustments on a daily and weekly basis. Reports and communicates to operational departments the proper procedures and solutions to resolve any issues. Analyzes capital budgeting requests related to manufacturing. Compiles necessary expense analysis for operational department managers and improves the budgeting process through education of managers on financial issues impacting their budgets. Updates financial forecasts for revenue and cost of goods sold. Compiles and prepares the annual budget to be uploaded into the ERP system. Prepares and communicates financial metrics to management team. Explains variances to budget and prior year to help managers understand if the overall profit and loss statement is on track to planned budget. Investigates and updates ERP system processes related to production and inventory transactions that affect costing on the general ledger reporting. Prepares ad hoc reporting related to sales, forecasting, and costing. Determines item standard costs by studying and collecting data on costs associated with labor, raw materials, and other manufacturing activities. Maintains accurate standard item cost structures in the Plex system and reviews standard versus actual costs for inaccuracies. Creates costing models for customer pricing and plays a key role in helping set pricing policies to maximize profit while still selling at a fair price to customers. Creates detailed reports including monthly gross margin analysis by customer item with documented explanations of findings when compared to the budget plan and prior year. Validates the cost of goods sold and inventory balance sheet accounts as part of the month-end close including the recording of necessary reconciling adjustment journal entries. Makes recommendations and records journal entries for inventory adjustments and reserves. Accumulates and applies overhead costs as required by generally accepted accounting principles. Reviews Build of Materials (BOMs) and recommends changes to the Quality and R&D departments. Prepares forecasts of inventory turns utilizing sales and production information. Takes part in inventory cycle counts to ensure the accuracy of inventory records and assists with company annual year-end physical count that takes place the last week of December each year. Additional Responsibilities

• Updates and automates accounting systems as necessary utilizing the Plex ERP system and Microsoft Excel.

• Perform all other duties as assigned. Qualifications To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Education and/or

Experience:

Bachelor's degree in accounting. 5+ years of accounting/finance experience. Knowledge of GAAP, cost accounting, and fixed asset accounting. Advanced MS Excel skills and intermediate MS Office Suites. Excellent oral, written communication and presentation skills. Able to multi-task and use exceptional organizational skills. Ability to analyze problems, exercise judgment, makes sound objective decisions and implement solutions.

Job Type:

Full-time Pay:

From $90,000.00 per year

Benefits:

401(k) 401(k) matching Dental insurance Disability insurance Employee assistance program Health insurance Health savings account Life insurance Paid time off Retirement plan Vision insurance

Education:

Bachelor's (Required)

Experience:

Cost accounting: 3 years (Required)

Work Location:

In person