Cost Accountant

Cost Accountant

BCforward is currently seeking a highly motivated Cost Accountant for a Welch, MN location. Position Title : Cost Accountant Location : Welch, MN (Hybrid) Anticipated Start Date : ASAP Please note this is the target date and is subject to change. BCforward will send official notice ahead of a confirmed start date. Expected Duration : 6 months Job Type : Contract To Hire Salary Range : $50 / ph -$55 / ph Please note that actual compensation may vary within this range due to factors such as location, experience, and job responsibilities, and does not encompass additional non-standard compensation (e.g., benefits, paid time off, per diem, etc.).

Job Description

The Sr. Staff / Cost Accountant is responsible for the overall accuracy of inventory valuation and Cost of Goods Sold within their area of responsibility. As a key member of the Supply Chain Finance team, this position will serve as a Business Finance Partner to Manufacturing, Materials, Engineering and Product Creation. In addition to Supply Chain Partnerships, this position will also interface with Corporate Accounting to ensure financial and business processes and controls are performing as designed. PRIMARY RESPONSIBILITIES :

• Lead standard cost activities to support the Annual Cost Roll, New Product Costing and Engineering Change Request (ECR) changes.
• Prepare accurate product costs based on Bill of material (BOM) structure as needed.
• Partner with Product Creation and Manufacturing (if applicable) to streamline and improve the costing process, including RFP Development, to ensure timely completion.
• Perform complex reconciliations, research and root cause analysis of transaction differences and errors in a timely manner through data mining, detail analysis and research.
• Prepare and process correcting journal entries to ensure all inventory / financial transactions are properly recorded.
• Perform daily and month end close activities including variance analysis and financial review.
• Prepare timely, complete and accurate balance sheet reconciliations and ensure compliance with accounting policies and US GAAP.
• Support the Month-end close timelines and communicate issues.
• Report actual results and communicate key business metrics while providing insightful variance analysis to various Stakeholders.
• Lead the verification and reconciliation analysis related to annual Physical Inventories.
• Actively participate on Lean Project Teams; review process flows and present collaborative improvement recommendations while also developing tracking mechanisms to ensure Accountability.
• Assist with the annual financial audit, ensuring audit support schedules are prepared and deliverables are provided timely.
• Partner with Manufacturing leaders to drive productivity while assisting, and in some cases leading, with the tracking and analysis of specific Productivity Metrics across several MFG Facilities (ex. Efficiency).
• Participate and / or lead cross-functionally within manufacturing, distribution, retail and other finance departments on projects to streamline processes and improve internal controls and compliance. Partner to understand business initiatives and their respective impact to accounting and controls.
• Assist with special projects and accounting research as needed.
• Support business performance management initiatives.
• Assist in the preparation of the annual budget, monthly / quarterly forecasts by providing supporting information for areas of responsibility.

Qualifications Education, Experience and Required Competencies

Bachelor's degree (B.A. / B.S.) required, preferably in finance, accounting or a related field from an accredited College or University Must have 5-7 years' related experience, training, or equivalent combination of education and experience within accounting or finance which primarily consists of onsite / in-plantOperations support Exemplify the desire to proactively work in an up-tempo Manufacturing environment with proven and practical experience in developing effective partnerships cross-functionally spanning several business areas Cost Accounting, general ledger, inventory valuation and systems experience and understanding of Supply Chain Operations is required CPA or CMA and public accounting experience preferred Established record of process improvement methodologies that result in organizational efficiencies Strong analytical and problem-solving skills. Strong initiative to explore alternatives, recommend improvements, and implement recommendations. Team oriented player REQUIRED KNOWLEDGE AND EXPERIENCE Strong knowledge of US GAAP, Accounting practices and internal controls Supply Chain Operations experience preferred Advanced knowledge of Microsoft Excel and the ability to extract, analyze and process information. Basic knowledge in Word and Outlook as well as the ability to optimize business technology tools to improve business processes Experience with accounting and financial reporting systems, such as ERP systems and inventory transaction platforms is preferred Demonstrated analytical, quantitative, and problem-solving skills and the ability to adapt to changing organizational needs LEAN thinking, nimble to drive change that enables efficiencies and drives growth Excellent oral, written, communication and organizational skills. Active listening skills are equally importanta The ability to multi-task, learn quickly, meet deadlines, adapt to a fast-paced working environment, work collaboratively with all departments and management levels, and most importantly, the ability to work well in a team Ability to learn and use multiple systems and applications and manage multiple priorities