Cost Accounting -Manufacturing
at Mohr Talent
in
Newark,
New Jersey
Posted in Other 1 day ago.
Type: full-time
Job Description:
Job Description:
- Perform cost analysis and maintain accurate cost records for materials, labor, and overhead.
- Prepare and update standard costs of raw materials, work-in-process, and finished goods.
- Analyze manufacturing costs, monitor spending variances, and provide reports to management on production cost performance.
- Conduct inventory valuation and reconciliation; assist in periodic physical inventory counts and cycle counts.
- Reconcile all inventory accounts and maintain supporting schedules, ensuring accuracy in raw materials, WIP, and finished goods inventory.
- Develop and analyze cost standards, reviewing product cost structures, and proposing improvements to reduce costs.
- Prepare monthly journal entries related to cost, including adjustments for variances, accruals, and reclassifications.
- Support the monthly close process by reviewing and reconciling cost accounts.
- Generate reports on cost of goods sold (COGS), gross margin analysis, and profitability by product or department.
- Assist in budgeting and forecasting for manufacturing costs, monitoring actual vs. budgeted expenses.
- Prepare and analyze capital expenditure reports, tracking spending and asset depreciation.
- Participate in audits by preparing cost-related schedules, supporting documentation, and reports as required.
- Conduct ad hoc analysis and participate in special projects to improve cost efficiency and internal controls.
Position Requirements:
- Bachelor's degree in Accounting, Finance, or a related field.
- Proven experience in cost accounting within the manufacturing industry.
- Strong knowledge of standard costing, variance analysis, and inventory valuation.
- Advanced proficiency in Microsoft Excel and experience with ERP systems.
- Knowledge of GAAP and experience in general ledger reconciliations.
- Highly analytical with a strong attention to detail.
- Ability to meet deadlines, work independently, and communicate effectively.
- Strong organizational and problem-solving skills.