Cost Accountant Gowan Milling

Blytheville, AR, United States

Job Description




Gowan Milling is looking for a Cost Accountant. In this job, the Cost Accountant will analyze production costs, pinpoint cost drivers for enhanced cost-effectiveness. Collaborate with production teams to optimize processes. Deliver precise cost reports, aiding financial decisions. Contribute to financial statement preparation. Identify and implement ongoing process and cost-saving opportunities with cross-functional departments.

Duties and Responsibilities:

    • Reviews all Standard Cost elements to ensure logical determination, including bill of materials, production routings, labor, and overhead.
    • Coordinates with the supply chain team to ensure that standard costs are correctly reflected in bills of materials.
    • Coordinates with each manufacturing team to ensure that all manufacturing operations are correctly reflected in product routes.
    • Coordinates with each team supporting manufacturing operations to ensure that all overhead expenses are correctly reflected in the indirect cost.
    • Coordinates with each manufacturing team to ensure that all direct labor costs are correctly reflected in the standard cost and procedures.
    • Determines the Standard Cost for all manufactured products based on the obtained records.
    • Assists in new product planning by forecasting costs (variable, assembly, indirect) and analyzing costs of various options.
    • Assists in the annual cost roll, conducted at fiscal year-end, to ensure that inventory valuation is properly booked in the system.
    • Assists in managing/performing cost segregation and fixed asset studies/evaluations.
    • Coordinates physical inventory counts and cycle counts of inventory.
    • Validates and monitors standard costs on a monthly basis, investigates discrepancies between standard and actual costs, and executes any adjustments if needed.
    • Determines standard/actual cost variances on a monthly basis (purchase & manufacturing) and ensures that accumulated purchase price variances are applied to sales in the P&L.
    • Monitors slow-moving inventory and evaluates it for impairment or obsolescence.
    • Prepares accurate and timely Cost Accounting and Inventory reporting and expense analysis for managers and other end users.
    • Performs account reconciliations to maintain the integrity of the general ledger in Cost & Inventory related accounts.
    • Prepares financial information and schedules for external auditors during the annual financial audit.
    • Assists with technical support and advice in Operational Departments.
    • Assists with the preparation of the Budget Standard Cost.
    • Maintains internal cost accounting controls (Policies & Procedures).
    • Participates in any duty related to the Finance department required by the company.
    • Coordinates cost-down efforts by establishing targets, analyzing the total cost of current products, and comparing them to the estimates or recommended target costs.
    • Assists with the Audit review process.


Qualifications and Skills:

    • Required Qualifications:
    • Bachelor\xe2\x80\x99s degree in Accounting or Finance
    • Master\xe2\x80\x99s degree (Accountancy or MBA) and/or CPA preferred

    • Skills:
    • Proven experience in accounting practices.
    • Proven experience in Manufacturing Cost Accounting (Standard Cost preferred).
    • Knowledge of Generally Accepted Accounting Principles (GAAP, IFRS).
    • Experienced with Microsoft Office programs, especially Microsoft Excel.
    • Familiar with electronic accounting systems, preferably JD Edwards Enterprise One.
    • Accuracy and attention to detail
    • Problem-solving, conflict management and decision-making skills.
    • Self-motivated, flexible, team player
    • Tenacity and willingness to investigate and resolve discrepancies
    • Excellent communication and interpersonal skills


Physical and Work Requirements:

    • Work in office environment at a desk for extended periods using computer.
    • Light filing and Occasional travel.
    • Occasional light lift objects may be required.
    • Occasional overtime may be required.

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Job Detail

  • Job Id
    JD4354771
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Blytheville, AR, United States
  • Education
    Not mentioned