Manufacturing Cost Accountant

Manufacturing Cost Accountant

A manufacturing cost accountant primarily manages and analyzes the costs associated with production, including direct materials, direct labor, and manufacturing overhead. They ensure accurate financial reporting and help develop cost-saving strategies to improve profitability.

RESPONISIBILITIES:

1. Work with management to develop and polish appropriate manufacturing cost model for various production lines, and keep improving costing process to accurately figure out the cost for each product line.
2. Work closely with sales to ensure accurate and product specific cost data is available for quoting and other pricing decisions as needed
3. Assist in decision-making to resolve areas of inefficiencies in manufacturing based on analytical data.
4. Develop, analyze and distribute pertinent manufacturing data including gross margin, yield reporting, aged inventory reporting, and others.
5. Prepare month-end journal entries related to COGS, E&O, PPV and other manufacturing related financial accounts. Prepare month-end reconciliations for these and any other manufacturing balance sheet account.
6. Calculate and record quarterly labor and overhead capitalization schedule and monthly obsolescence analysis
7. Provide analysis of COGS accounts on a monthly basis.
8. Provide GL accounting, monthly/yearly P&L statement, AR posting, collections, bank reconciliations and other financial reports as needed
9. Responsible for cycle count process and related inventory adjustments
10. Maintain and monitor product costing, including establishing standard cost systems
11. Integrate ERP systems to provide accurate financial reporting related to cost and financial analysis
12. Provide accurate sales information report monthly with all required elements
13. Assist with the development of business plans, budgets and forecasts
14. Assist with the development and management of customers and product line based on the 80/20 philosophy.
15. Oversee capital expenditure budgets
16. Support external audit and mid-year review process while also assisting as needed with internal  audit queries
17. Establish A/R and A/P management review meetings as required to ensure due dates are met.
18. Enter approved invoices into payment system for payment.
19. Other duties assigned by management

REQUIREMENTS:

1. Bachelor’s Degree and minimum 5 years’ experience in a manufacturing environment or previous experience equivalent.
2. Accounting experience as it relates to recording entries and reconciling balance sheet accounts as well as calculating/analyzing manufacturing variances.
3. Knowledge of business related taxes in the US.
4. Strong MS Office skills in Word, Excel, and PowerPoint. ERP systems such as NetSuite, Quickbooks, Navision.
5. Self-driven, Sense of urgency, Well-organized, Strong interpersonal skills, Excellent written and verbal communication skills, Cross cultural communications skills, etc.
6. English and Mandarin bilingual is a plus.