Industrial Service Solutions
Cost Accountant
Industrial Service Solutions, Tukwila, Washington, United States,
Position Summary:
The Cost Accountant will perform advanced cost accounting analyses to compare estimated costs to actual costs and prepare a variety of related budget reports. The role requires collaboration within the accounting team as well as with various groups of the operations and sales teams.
Essential Duties and Responsibilities:Reviews work order transactions to identify costing errors. Root Cause Analysis.Analyzes cost variance analysis and compares actual to system standards for both material and labor.Assists operations with ad hoc analysis on special projects.Assists with month-end and year-end inventories.Validate accuracy of the inventory balances at the item and transaction level.Reviews, analyzes, and reports actual job profit margins.Maintains the Work in Process ledger.Performs month-end and year-end closings including journal entries and reconciliations. Inventory subledger to GL reconciliation and roll-forward by branch.Provides product costing for pricing and business decisions. Cost budget - working with branch managers and define detailed material, labor and overhead.Project cost control, Cashflow analysis, Contract / PO reconciliation.Determines current cost of projects by confirming project budgets with project leadership, establishing standard reconciliation process, collecting contract and invoice data, and verifying progress and completion status of project.Establish and maintain project budget tracking systems.Reconciles transactions by project and correcting data.Tracks and reports on status of project completion progress through monthly reporting, including actual cost, forecast costs, cash flow, variances, and gaps.Inventory subledger to GL reconciliation and roll-forward by branch.Weekly job/work-ticket/WIP profitability reviews and reconciliations - variance analysis budget vs actual by jobs.Conduct physical inventories and monitor the cycle count programs.Calculate slow moving and obsolescence reserve to be reviewed by the controller.Stock reconciliations and co-ordination of stock. BVS branches do not use Sage to check if other branches have the parts needed for the job prior buying parts.PSV certification inventory by warehouse.Assist with annual audits.Performs other related duties as assigned.Qualifications:
5+ years of cost accounting experience, preferably in an industrial manufacturing setting.Bachelor's degree in accounting or finance.Proven knowledge of bookkeeping and accounting principles, practices, standards, laws and regulations with GAAP experience required.High attention to detail and accuracy. Ability to manipulate large amounts of data.Must demonstrate ability to meet financial deadlines.Must be proficient in utilizing and interpreting financial models and analyses.Ability to manage multiple priorities effectively in a fast-paced, results oriented environment.Strong verbal and written communication skills.Expert Microsoft Office skills to include Excel and related computer applications.
The above job description is not intended to be an all-inclusive list of duties and standards of the position. Incumbents will follow any other instructions, and perform any other related duties, as assigned by their supervisor.
The Cost Accountant will perform advanced cost accounting analyses to compare estimated costs to actual costs and prepare a variety of related budget reports. The role requires collaboration within the accounting team as well as with various groups of the operations and sales teams.
Essential Duties and Responsibilities:Reviews work order transactions to identify costing errors. Root Cause Analysis.Analyzes cost variance analysis and compares actual to system standards for both material and labor.Assists operations with ad hoc analysis on special projects.Assists with month-end and year-end inventories.Validate accuracy of the inventory balances at the item and transaction level.Reviews, analyzes, and reports actual job profit margins.Maintains the Work in Process ledger.Performs month-end and year-end closings including journal entries and reconciliations. Inventory subledger to GL reconciliation and roll-forward by branch.Provides product costing for pricing and business decisions. Cost budget - working with branch managers and define detailed material, labor and overhead.Project cost control, Cashflow analysis, Contract / PO reconciliation.Determines current cost of projects by confirming project budgets with project leadership, establishing standard reconciliation process, collecting contract and invoice data, and verifying progress and completion status of project.Establish and maintain project budget tracking systems.Reconciles transactions by project and correcting data.Tracks and reports on status of project completion progress through monthly reporting, including actual cost, forecast costs, cash flow, variances, and gaps.Inventory subledger to GL reconciliation and roll-forward by branch.Weekly job/work-ticket/WIP profitability reviews and reconciliations - variance analysis budget vs actual by jobs.Conduct physical inventories and monitor the cycle count programs.Calculate slow moving and obsolescence reserve to be reviewed by the controller.Stock reconciliations and co-ordination of stock. BVS branches do not use Sage to check if other branches have the parts needed for the job prior buying parts.PSV certification inventory by warehouse.Assist with annual audits.Performs other related duties as assigned.Qualifications:
5+ years of cost accounting experience, preferably in an industrial manufacturing setting.Bachelor's degree in accounting or finance.Proven knowledge of bookkeeping and accounting principles, practices, standards, laws and regulations with GAAP experience required.High attention to detail and accuracy. Ability to manipulate large amounts of data.Must demonstrate ability to meet financial deadlines.Must be proficient in utilizing and interpreting financial models and analyses.Ability to manage multiple priorities effectively in a fast-paced, results oriented environment.Strong verbal and written communication skills.Expert Microsoft Office skills to include Excel and related computer applications.
The above job description is not intended to be an all-inclusive list of duties and standards of the position. Incumbents will follow any other instructions, and perform any other related duties, as assigned by their supervisor.