Cost Accountant
Company: STI Holdings, Inc.
Location: South Wayne
Posted on: November 17, 2023
Job Description:
This position is a Business Partner to the Plant Manager(s) and
provides financial analysis of plant operations so appropriate
financial decisions can be made, especially on cost controls and
reductions. Essential Duties and Responsibilities
- Prepares, communicates, Measures, and understands key business
unit operating metrics and compares to established goals
- Perform weekly cycle count audits
- Execute Standard Cost Variance Analysis and reporting
- Perform month end Inventory Process and reconciliations for
locations assigned
- Help drive and manage Mid-year and Annual Physical Inventory
Process for locations assigned along with report outs of
metrics
- In cooperation with Plant Manager(s), manage overhead, and
direct labor spend for locations assigned
- Perform Scrap Analysis
- Support the workflow and be a team member for Capital projects
teams, acting as a liaison to the plants for project
justificaitons
- Participate in Lean Kaizen Events as the key accounting
personnel
- Works with plant personnel to coordinate and support monthly
forecasting of plant spend
- Provide backup for costing of new items and attends the ECR
meeting
- Supporting, tracking, monitoring, and controlling of all
financial related initiatives at the plant
- Perform monthly close of select plant balance sheet accounts
including inventory, inventory reserves, plant accruals, etc. as
well as ensuring P&L accuracy and matching principals
- Analyze monthly results with Plant Manager(s) and participate
in monthly management reviews of locations
- Provide controllable spend analysis weekly to plant
managers
- Execute special projects as directed by Accounting and Plant
Management
- Provide finance leadership presence and support at the
locations assigned
- Perform posting of transactions to the GL for timely cut
off
- Assist in annual Cost Roll
- Perform review and analysis of OH and Labor rates in order to
set yearly rates
- Perform analysis on Margins by job and report to top
management
- Support annual audit and work with external auditors
- Support plant personnel with PO Requisitions for correctness,
costing, dept and account #
- Member of the Cost down team and assists plant team to identify
and track cost savings projects
- Provide Labor and OH analysis monthly to the Plant manager
Above is a list of the most important responsibilities and
functions, which are essential to the position. Employees must be
able to perform these essential functions satisfactorily with or
without a reasonable accommodation. Accommodations will be
evaluated and provided to eligible employees on a case by case
basis, depending on the employee's medical restrictions, work
availability, the nature of the position, the position's essential
functions and other relevant factors. Qualifications
- Education: Bachelor's degree in Accounting; Master's degree a
plus
- Licenses/Certifications: CPA preferred; CMA preferred
- Knowledge, Skills, & Abilities:
- Should have 6+ years of experience including cost accounting
experience
- Strong Microsoft Office suite skills required.
- Advanced Excel skills required.
- Experience in a manufacturing accounting environment
preferred
- Experience in multi-plant, multi-location environment
desirable
- Exceptional verbal and written communication skills
- High level problem solving, and analytical skills required
- Exceptional personal initiative and desire to drive consistent
improvement
- Ability to thrive in a fast-paced environment.
- Ability to work within a team environment and highly functional
not just as a leader but also as a team member
- Ability to quickly learn and utilize various software
applications and financial tools
- Must have strong work ethics during high volume periods,
including month and year-end close, and the budgeting season.
Experience with Syteline preferred
- Core Competencies:
- To perform the job successfully, an individual should
demonstrate the following competencies to perform the essential
functions of this position:
- Analytical-the individual synthesizes complex or diverse
information including BOM cost review and evaluation
- Problem solving-the individual identifies and resolves problems
in a timely manner and gathers and analyzes information
skillfully.
- Technical skills-the individual must possess strong US GAAP
accounting knowledge related to normal business/manufacturing
operations.
- Oral communication-the individual speaks clearly and
persuasively in positive or negative situations, demonstrates group
presentation skills, and conducts meetings.
- Management skills- makes self-available to plant staff for
financial management consultation; skills include financial
evaluation of plant staffing levels and efficiencies in conjunction
with plant management, decision-making, facilitating process
improvement including streamlining and automation.
- Quality management-the individual looks for ways to improve and
promote quality and demonstrates accuracy and thoroughness.
- Judgment-the individual displays willingness to make decisions,
exhibits sound and accurate judgment and makes timely
decisions.
- Planning/organizing-the individual prioritizes and plans work
activities, uses time efficiently and develops realistic action
plans. Training:
Keywords: STI Holdings, Inc., Madison , Cost Accountant, Accounting, Auditing , South Wayne, Wisconsin
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