Cost Accountant
Description We are looking for a meticulous Cost Accountant to join our dynamic manufacturing team in Euclid, Ohio. In this role, you will oversee cost accounting functions, ensure accurate inventory valuation, and provide critical financial insights to support operational efficiency and profitability. This position offers a great opportunity to work on-site in a fast-paced environment with competitive compensation and benefits. Responsibilities:
- Perform cost accounting for multiple product lines, ensuring accurate tracking of manufacturing expenses.
- Review and post labor hours, inventory usage, and external services to manage costs for individual manufacturing jobs.
- Ensure proper valuation of inventory and investigate discrepancies through cycle count procedures.
- Analyze inventory trends and margin variances, providing detailed reports on cost implications.
- Collaborate with manufacturing floor employees to resolve ad-hoc financial and operational requests.
- Conduct month-end close procedures promptly, including preparing journal entries and compiling post-close reports.
- Generate and distribute financial reports, including backlog analysis, sales margins, and bookings.
- Reconcile general ledger accounts and provide data-driven answers to accounting and financial inquiries.
- Develop and improve accounting processes through automation tools like Power BI.
- Support internal and external audits and assist in preparing quarterly management presentations and fiscal year plans
- Proficiency in manufacturing cost analysis and inventory valuation.
- Strong knowledge of general ledger reconciliation and month-end close procedures.
- Ability to perform detailed financial reporting and analysis to support business operations.
- Familiarity with tools for process optimization, such as Power BI or similar automation software.
- Excellent organizational and analytical skills, with a keen eye for detail.
- Strong communication skills to effectively collaborate with cross-functional teams.
- Bachelor's degree in Accounting, Finance, or a related field.