iLocatum

Lincoln, NE

Senior Cost Accounting Analyst

Job Title: Senior Cost Accounting Analyst
Location: Lincoln, Nebraska
Salary: $80-90K
Job Summary of the Senior Cost Accounting Analyst: The Senior Cost Accounting Analyst is responsible for overseeing inventory valuation in the plant and assisting with corporate accounting operations. They will also ensure inventory accuracy, analyze standard costs, and enforce internal controls and compliance. Working closely with plant operations, engineering, and purchasing, the Senior Cost Accounting Analyst will develop, review, and maintain standard costs. This individual contributor will collaborate with manufacturing, purchasing, new product development, and finance to provide up-to-date information on inventory cost and accuracy, while establishing processes for maintaining item master accuracy.
Qualifications of Senior Cost Accounting Analyst:
• Bachelor's degree in accounting
• 6+ years of progressive accounting experience, including GL, reporting, costing, and public accounting
• Must be flexible and willing to work extended hours during month-end close and year-end close
• Background in manufacturing/assembly/distribution preferred
• Experience with Infor XA system is a plus
• CPA certification is a plus, but not required
• Month-end close experience, including creating and posting journal entries
• Preparation of balance sheet reconciliations

Responsibilities of the Senior Cost Accounting Analyst:
• Perform inventory valuations and calculate inventory reserves
• Collaborate with Operations and Purchasing to establish standard costs
• Calculate resin-related rebates and credits, and analyze monthly usage
• Conduct cost-volume-profit (CVP) analysis
• Reconcile inventory and related accounts
• Recommend process and policy changes to reduce costs and maximize profit
• Manage capitalized variances and eliminate intercompany margins
• Oversee annual physical inventory and develop cycle count process
• Summarize adjustments made during physical inventory
• Review and validate accuracy of item master data
• Conduct pricing and margin review and analysis
• Monitor inventory transactions for errors in unit of measure, costing, and transaction type
• Assist with business acquisitions and system integrations related to standard costs, bill of materials, and routings
• Review purchase price variances (PPV) and collaborate with other teams to resolve inventory valuation and purchase price issues
• Complete assigned month-end close tasks, such as accrual calculations, overhead burden rate calculations, journal entries, and general ledger account reconciliations
• Develop gross margin reporting to identify item costing deficiencies and establish processes for maintaining accurate inventory valuation
• Support annual financial audit and interim audit procedures
• Contribute to the implementation of internal controls, including evaluation, recommendation, maintenance, and monitoring
• Participate in system enhancements and integration efforts across the organization
• Engage with internal and external stakeholders to address inquiries and requests for financial data reporting and ad hoc reporting
• Ensure compliance by maintaining privacy and confidentiality of information, protecting organizational assets, acting ethically and with integrity, reporting non-compliance, and adhering to applicable laws, regulations, accreditation requirements, and company policies and procedures
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