Cost Accountant
Cost Accountant
Posted on :
21-10-2024
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Job Description
Job Title
Cost Accountant
Location
550 South Research Place Central Islip NY 11722
Employment Type
(Hourly/ Full Time)
Full Time Salaried/Exempt
Benefits
In addition to a fulfilling career and competitive salary the Company offers a comprehensive benefits package to include a 401(k) savings plan and matching health insurance medical/dental/vision health savings account (HSA) flexible spending account (FSA) paid time off (PTO) vacation/sick/flex time paid holidays shortterm disability (STD) longterm disability (LTD) parental leave paid and unpaid family leave employee discounts and other benefits
Work Hours/ Shift/ Remote
8:30 AM 5:00 PM
Responsibilities/ Accountabilities
A. Inventory Analysis & accounting
Inventory roll forward exercise reconciliation & valuation using Excel.
Prepare and maintain Material COGS reconciliation
Inventory analysis and accrual booking for slow / nonmoving near expiry rejects and NRV.
Inventory Ageing analysis monitoring and control
Inventory count & physical verification on periodic basis.
Preparation & analysis of schedules provision movement ageing destruction and WIP
B. Inventory
Review existing controls around inventory and product costing and propose and implementing changes to eliminate control gaps.
Evaluation of PR and PO raised for souring API/RM/PM to rationalize stock availability.
Tracking procurement and consumption of excipients stores and spares.
Ensuring timely GRN of goods and follow up with warehouse team on any delay.
C. Opex Evaluation
Operating expense evaluation at the time of PO or Invoice booking approval.
Looking over new operating expense proposal/ agreement and submitting pros and cons of proposal.
Physical verification of services taken by users to approve service invoices.
D. Product Costing
Manage Product costing sheet for all the products with live update of cost data.
Regularly reviewing & updating the costing information including recipe and cycle time to ensure availability of uptodate product costing at any point of time.
Gathering recipe information for new product or SKUs & prepare costing for same.
Computation of Key activity rates for overheads costing & inventory valuation per policy
Periodic review & revaluation of key activity rates and executing quarterly costing runs in SAP
E. Monthly Performance Analysis MIS Audit and SAP support
SAP SPOC from Finance side to test and execute all SAP development
Support all financial audits and point of contact for inventory fixed assets sales and AR.
Preparation of Monthly plant performance report production KPIs and financial metrics.
Support monthly and year end books closing & financial Statement finalization
Preparation and analysis of reports and schedules for audit and analysis
Assist in Annual Budget preparation & compilation
F. Accounts Receivable
Ensure timely and accurate knocking off customer payments with open invoices
Followup on third payment ensuring that overdue invoices are timely
Prepare AR Aging and sales schedules and ensure timely profit share booking
Education Qualifications
BS in Accounting or Finance.
Masters Degree in Finance Information Systems or a related field preferred.
Experience
Masters Degree in Finance Information Systems or a related field preferred.
Experience
Minimum 5 years of quality work experience preferably in manufacturing setup/plantbased role.
Skills/ Competencies
Skills/ Competencies
Strong technical background and knowledge base of all aspects of GAAP.
Solid written and verbal communication analytical and management skills.
Must be able to effectively interact with various levels of management including division managers and senior corporate personnel.
Knowledge of SAP ERP is required
Proficiency in Microsoft Office Suite (Excel Word & PowerPoint).
Ability to work independently effectively.
Physical Requirements
Solid written and verbal communication analytical and management skills.
Must be able to effectively interact with various levels of management including division managers and senior corporate personnel.
Knowledge of SAP ERP is required
Proficiency in Microsoft Office Suite (Excel Word & PowerPoint).
Ability to work independently effectively.
Physical Requirements
Sitting at a desk and/or working at a computer or other screen 75% or greater of an 8hour period.
Other Information
Other Information
No remote work available. Relocation available.
Employment Type
Full Time
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