Senior Cost Accountant

Company: MDC Precision
Location: Hayward
Posted on: January 9, 2022

Job Description:

MDC Precision is a world leader in delivering high quality products to the research, semiconductor, aerospace, life sciences and food processing sectors. Our customers rely on us to provide the precision components that are required for the operation at the atomic scale. We enable innovation by bringing our expertise in vacuum science, ultrapure and ultra-hygienic materials fabrication, ceramic-to-metal sealing along with our design and manufacturing partnerships- all to enable science to change the world for the better. Minimum Qualifications Bachelors Degree in Accounting. 5+ years' experience in Cost Accounting using Standard Cost. Strong knowledge of GAAP. Microsoft Dynamics AX experience preferred. Knowledge, Skills, and Abilities Required Must have Accounting experience in fast paced and growing manufacturing environment. Strong experience in cost accounting in a manufacturing environment. Demonstrated ability to work cross functionally, especially with Engineering & Operations departments. Strong written and verbal communication skills. Administrative and organization skills. Multi-tasking and accuracy of work product is a must. Excellent analytical skills with attention to detail. Intermediate to advanced level in Excel. Ability to meet deadlines and work well under pressure. Ability to cross train with other accounting staff. Team Player is a must. Self directed and motivated. Function & Responsibility This is a hands-on position in most aspects of accounting for the company with responsibilities to include Inventory and Product Costing. The position will also be responsible for maintaining procedures and processes to aid in achieving company financial targets and goals. Primary Responsibilities: Establishes Bills of Materials and Process Routers for new parts. Work closely with the Engineering & Operations departments to evaluate cost drivers in manufacturing. Update BOMs and Routers for changes to design or manufacturing methods & processes. Recommend and implement process changes to costing within MDC's ERP system. Develop product cost and profitability analyses and identify process improvements. Performs periodic Cost rolls and calculation of Direct Labor & OH rates for multiple sites. Close of Production Orders and prepare work order variance analysis and explanations. Monthly Reconciliation of Inventory/reporting for multiple locations. Reviews and analyzes margins and manufacturing variances for multiple locations. Month End Journal entry preparation and flux analysis. Monthly balance sheet reconciliations. Ensures all financial reporting deadlines are met. Responsible for preparation of schedules for annual financial audit as well as bank/tax audits. Improve financial status by analyzing results, identifying trends and recommending corrective actions to management. Prepare and execute the inventory cycle count program and, if required, conduct an annual Physical Inventory. Ensure daily Consignment Consumptions are correctly invoiced & apply daily cash receipts. Analyze and review E&O reserve requirements Research and apply new analytical tools to improve visibility of company performance. Performs other duties as assigned by both the Controller and CFO. Job Type: Full-time Benefits: 401(k) 401(k) matching Dental insurance Disability insurance Flexible spending account Health insurance Life insurance Paid time off Vision insurance Physical Setting: Office Schedule: Monday to Friday Experience: Accounting: 1 year (Preferred) Cost accounting: 1 year (Preferred) ERP systems: 1 year (Preferred) Work Location: One location Work Remotely: No Work Location: One location Job Requirements:Prepare monthly cost accounting journal entriesPerform standard cost variance analysisPrepare monthly cost variance analysis (current cost vs. standard cost)Prepare monthly cost and inventory related journal entriesSetup standard cost, variance analysisPerform inventory and cost accounting dutiesGenerate necessary cost accounting entries and reconciliationsPerform cost and variance analysisPrepare month end cost reporting and analysisPerform monthly variance analysis to standard costsPrepare month-end cost accounting journal entries, and closing activities for inventory accountsMaintain standard manufacturing cost system and issue monthly variance analysisReview the month end inventory journal entriesReview cost, variance analysis, and cost controlsAnalyze the cost accounting resultsAnalyze inventory ledger accounts and physical inventory count variancesPerform cost accounting activities including standard cost development, average pricing analysis, margin and cost ratio analysis, inventory control, variance analysisPreparing cost reports related to incurred costAnalyze actual manufacturing costs vs. standard cost and prepare periodic reporting comparing standard costs to actual production costsPrepare inventory journal entries and reconciliations

Keywords: MDC Precision, Hayward , Senior Cost Accountant, Accounting, Auditing , Hayward, California