Job Title : Senior Inventory / Cost Accounting Analyst Hybrid Remote Role
Location : Minneapolis, MN
Salary : $80-90K
Job Summary of the Senior Cost Accounting Analyst : The Senior Cost Accounting Analyst willoversee plant inventory while assisting corporate accounting operations, inventory accuracy, analyzing standard costs and executing internal controls and compliance.
Qualifications of the Senior Cost Accounting Analyst :
- Perform inventory valuations and inventory reserve calculations
- Work with Operations and Purchasing to set standard costs
- Calculation of resin related rebates, credits, and provide related monthly usage analysis
- Execute cost-volume-profit (CVP) analysis
- Perform inventory and related account reconciliations
- Recommending changes around processes and policies to reduce cost and maximize profit
- Ownership of the capitalized variance calculation and intercompany margin elimination
- Ownership of annual physical inventory and development of cycle count process
- Report summary of physical inventory adjustments
- Review item master accuracy and validate expected fields are consistency populated
- Pricing and margin review and analysis
- Monitor inventory transactions for errors in unit of measure, costing and transaction type
- Assist with business acquisitions and system integrations related to standard costs, bill of materials and routings
- Review PPV and partner with other departments to resolve inventory valuation and purchase price issues
- Perform assigned month-end close duties including, but not limited to, calculating accruals, calculating overhead burden rate, entering journal entries and reconciling general ledger accounts
- Develop gross margin reporting to identify item costing deficiencies and develop processes to fix and maintain the accuracy of inventory valuation for active items and new business acquisitions
- Assist with annual financial audit and interim audit procedures
- Assist in the implementation of internal controls including evaluating, recommending, maintaining and monitoring appropriate internal controls
- Participate in system enhancements and integration efforts throughout the organization
- Interact with internal and external stakeholders in responding to inquires or Powerlink financial data reporting and ad hoc reporting requests
- Consistently support compliance by maintaining the privacy and confidentiality of information, protecting the assets of the organization, acting with ethics and integrity, reporting non-compliance, and adhering to applicable federal, state and local laws and regulations, accreditation and licensure requirements (if applicable), and the Company’s policies and procedures
- Other duties deemed necessary to support the Company’s business operations
Responsibilities of the Senior Cost Accounting Analyst :
- Bachelor’s degree in Accounting
- 3+ years of progressive accounting experience (GL, reporting, costing, public accounting)
- Strong technology skills, including proficiency with Excel, Outlook, Word, PowerPoint and ERP systems
- Ability to work in fast-paced, changing and growing environment
- Excellent verbal, written, and communication skills
- Advanced understanding of standard costs in a manufacturing environment
- Excellent interpersonal skills
- Ability to execute tasks independently and meet assigned deadlines in a timely manner
- Possess strategic thinking and problem-solving skills
- Ability to read, write and speak English fluently
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