Senior Cost Accountant

Abaco Systems is a global leader in commercial open architecture computing and rugged embedded electronics. With more than 30 years of experience in aerospace & defense, industrial, energy, medical, communications and other critical sectors, Abaco's innovative solutions align with open standards to accelerate customer success.
Abaco Systems is a business unit of AMETEK, Inc., a leading global manufacturer of electronic instruments and electromechanical devices with 2021 sales of more than $5.5 billion.
Job description: Job Summary:
The Senior Cost Accountant is a key member of the accounting plant staff team reporting directly to the Assistant BU Controller. This position provides accounting and financial support to the manufacturing facilities in Alabama, The United Kingdom, and Mexico. The position will be responsible for the direction, review, and management of both cost accounting responsibilities and some controlling responsibilities of the facility. The Senior Cost Accountant will be responsible for maintaining a cost control environment that complies with the company's internal control policies and Sarbanes-Oxley. The Senior Cost Accountant will also assist in any ad-hoc analysis and projects as required. This position will also be responsible for producing financial analysis and explaining variances and anomalies by researching issues.
JOB RESPONSIBILITIES:
Applies principles of finance and cost accounting to various accounting duties related to the Business Unit's financial and operational planning and reporting
Responsible for the maintenance of the manufacturing plant's cost accounting systems, cost controls & integrity
Responsible for the financial coordination, administration, and analysis of manufacturing operations. This involves analyzing sales and cost of sales, labor reporting, product costing, and monthly material usage variances and inventory adjustments
Responsible for the overall planning, coordination, and participation of the physical inventories as well as the analysis of the results
Responsible for the monthly accounting and reconciling of the financial to perpetual inventory
Coordination responsibility extends not only to production departments but to outside stockrooms and vendors
Oversee and manage the annual Fixed Asset Physical inventory process
Track spending on capital projects and maintain the Capital Roll-forward
Responsibility includes ability to develop computer driven reports as well as the ability to analyze and interpret the resulting data
Responsible for the coordination and analysis of direct labor reporting within the business unit
Preparing recurring monthly journal entries related to inventory, labor reporting, cost of sales and other various entries
Responsible for standard cost duties as follows: Review and load material standard costs into ERP database
Perform assembly cost roll ups
Analyze cost changes, margin impact and inventory value adjustment effect
Perform standard cost update process
Develop and monitor labor and overhead rates for department / cost center
Work with manufacturing engineering to insure cost and rate accuracy
Review cost routings for reasonableness and bill of materials accuracy as part of the Master Data Team
Preparation and analysis of the information required for the annual standard cost updates
Perform monthly FIFO calculation and reporting
Review and close manufacturing work orders
Responsible for actual to standard manufacturing variance analysis as follows: Analyze and verify monthly labor utilization and efficiency
Review and investigate purchase price and material usage variances
Work with marketing and purchasing to establish proper cost on new parts and assemblies
Responsible for review, reporting and analysis of inventories, inventory reserves (including E&O), slow moving inventories, obsolete inventories, scrap, and inter-company transfers
Assist with both internal and external audits
Monitor and analyze cycle Count results and performance and issue monthly reports and ensure compliance to corporate cycle counting procedure
Assist in the preparation of annual operating and capital budgets
Lead the analysis of product costs, overhead absorption, abnormal fixed cost expenditures, etc.
Develop a full and complete understanding of cost flows to determine proper costing (e.g. machine and labor hours, overhead costs, allocations and material costs)
Daily interface with manufacturing personnel and production planners
Assist planning and scheduling to improve inventory controls and internal programs
Prepare daily / weekly / monthly manufacturing plant performance reports, analyzing against forecasts or budgets
Monitor and review MMC report weekly for any fluctuations [red flags], abnormalities or other problems with sales or margins.
Constant review of processes to improve procedures and methods
Perform other related duties, ad hoc reporting & analysis, and special projects as required
EDUCATION REQUIRED:
Bachelor's degree (B.A.) in accounting required
5+ years of manufacturing cost accounting experience in a standard cost environment
CPA or CPA candidate strongly preferred
MBA or CMA a plus
SKILLS/KNOWLEDGE REQUIRED:
Sound understanding of accounting principles
Familiar with industry-specific software (SAP preferred)
Working knowledge of tax laws and GAAP
Must be a team player with high energy
Ability to multi-task, work under pressure and meet deadlines required
Strong financial analysis skills
Strong communication skills, both written and verbal
Strong organizational and stress management skills
Proficiency in Microsoft Office, particularly with Excel
Ability to work with little to no supervision
Abaco is a Department of Defense (DoD) supplier and as such employees may work with or be exposed to controlled information that may only be seen or handled by US citizens or qualified permanent residents.
Abaco Systems is a global leader in commercial open architecture computing and rugged embedded electronics. With more than 30 years of experience in aerospace & defense, industrial, energy, medical, communications and other critical sectors, Abaco's innovative solutions align with open standards to accelerate customer success.
Abaco Systems is a business unit of AMETEK, Inc., a leading global manufacturer of electronic instruments and electromechanical devices with 2021 sales of more than $5.5 billion.