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:
                  • Orientation

Keywords: STI Holdings, Inc., Madison , Cost Accountant, Accounting, Auditing , South Wayne, Wisconsin