MV Cost Accountant

Madisonville, KY
Posted On:

MANUFACTURING REPORTING

  • Responsible for financial analysis, variance analysis, project planning, forecasting, review of standard product costing to actual, evaluation of plant’s productivity targets, and cost center spending variance reviews
  • Analyze efficiencies, manufacturing costs, and advise operations to improve productivity. Identify and recommend areas for continuous process improvement
  • Analyze yield and labor variances and identify the sources of the variances
  • Analyze scrap transactions. Analyze changes in raw materials/input’s effect on the cost of goods sold
  • Responsible for the creation of Weekly Vital meeting report and summary, as well as ad hoc reports as needed by plant management
  • Work with plant operations on the Cost of Quality events. Assign the cost of quality and manage the process
  • Create a strong working relationship with plant manufacturing departments, both leaders and staff
  • Frequently spend time on the production floor to understand the core of the business environment

MONTH END/FINANCIAL REPORTING

  • Complete Month-end/Year-end Closing Processes for manufacturing plant. Process month-end journal entries
  • Oversee compliance with corporate policies. Ensure a strong internal controls environment at the plant
  • Responsible for fixed assets and capital projects reviews by maintaining the AFE system and capitalizing/expensing completed AFEs
  • Create and maintain the unvouchered reports for both inventory and non-inventory
  • Balance select asset accounts
  • Review and approve procurement card transactions, review the coding of receipts monthly
  • Review and approve expense reports
  • Assist with physical inventory observation process for the year-end audit
  • Manage policies, procedures, and inventory for office supplies and equipment

FORECASTING & BUDGET PLANNING

  • Work with the corporate accounting and plant leadership team to develop budgets, metrics, and financial goals that align with plant production and improvement goals
  • Assist with the budget process – validation of budgeted sales and production pounds, review of yield and labor efficiency targets, etc.
  • Collaborate with all departments to ensure all budget information is submitted as timely and accurately as possible
  • Ensure plant department spend is within budget. Investigate discrepancies in spending
  • Conduct monthly meetings with dept managers to go over their department spend vs budget

SPECIAL PROJECTS

  • As assigned by plant manager or corporate accounting

Core Competencies: Strategic Focus, Broad Business Knowledge, Drive for Results,  Builds Relationships, Model The Way

TECHNICAL COMPETENCY REQUIRED: Financial Acumen

  • Demonstrates an understanding of the relationship between operational activity and financial results.
  • Collaborates with other departments on complex issues, recommends options, and has an active role in implementation.
  • Manages departmental expectations in terms of deadlines, scope, and budget.
  • Manages the financial planning, forecasting, capacity analysis, and management reporting processes.
  • Interprets, prepares, and presents financial data and variance explanations to internal and external stakeholders.
  • Possess a detailed understanding of accounting and financial applications that are critical to proper accounting and reporting within the organization. Approached as a technical accounting resource to others.

QUALIFICATIONS:

Experience:            Minimum of 2 years of cost accounting experience

Experience working within a manufacturing environment preferred

Education:              Bachelor’s Degree in Accounting required.

Certifications:        Proficient in Microsoft Office (Advanced Excel, Word, PowerPoint)

Use the link to apply or email: lof_salaried_job_application@landofrost.com

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