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Form of workPrimary Purpose of the Role
The Cost Accountant I position is responsible for monitoring inventory transactions and cost variances. This requires managing activities that support accurate inventory including review of shop orders, items attributes, BOMs, and production entry. The Cost Accountant must also prepare periodic reports that are used by the operations and finance teams.
Essential Job Duties
- Review and analyze inventory and margin reports, conduct research and perform analytical studies in regards to cost analyses and profitability
- Compare actual and standard costs to estimates; analyze variances
- Analyze purchase price and material usage variances
- Assist in maintaining cost in system and setting standard costs
- Provide support to Pricing Dept.
- Monitor inventory activity and resolve inventory errors or missed transactions
- Assist in budgeting and forecasting processes
- Prepare schedules and assist with physical inventory
- Investigate impacting processes, efficiencies and variances
- Prepare and distribute analytical reports to operations and finance teams
- Other tasks as determined by business needs
Required Skills and Abilities
- Experience with an integrated ERP system and understanding of how each module interfaces with finance
- Proficient Microsoft Excel user
- Strong attention to detail and accuracy
- Ability to work independently
- Take analysis from data collection to conclusions to driving actions within the organization
- Ability to organize, prioritize, and manage competing tasks
- Strong verbal and written communication skills
- 2+ years of related experience, preferably in a manufacturing company in cost, finance or general ledger accounting.
- Associate Degree in Accounting or Finance preferred
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Hoffmaster Group Inc.
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At Hoffmaster, we believe every person deserves to feel successful. That's why we provide a total rewards package designed to support our employee's success -at work, at home, and in life. This includes: Medical, Dental, Vision, Life and Disability insurances, Student loan and Tuition assistance, physical and mental wellness programs, Paid vacation and holidays, Employee Assistance Program, and more!
The above information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Reasonable Accommodations Statement: To accomplish this job successfully, an individual must be able to perform, with or without reasonable accommodation, each essential function satisfactorily. Reasonable accommodations may be made to help enable qualified individuals with disabilities to perform the essential functions.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.
