Itechpost
Senior Cost Accountant
Itechpost, Westford, Massachusetts, us, 01886
Materion Precision Optics and Thin Film Coatings IncAt Materion, everyone is included, respected and offered opportunity to grow. Join us!Position Overview:
Under the leadership of the Plant Controller, the primary responsibility is to forge strong business partnerships and provide cost analysis and decision support to the functional leaders of Materion Precision Optics Westford and Tyngsboro. The role works to improve the accuracy of standard costs and enhance systems and processes for the business. The Senior Cost Accountant will provide value added cost analysis, insights, and recommendations to drive cost reductions and process improvements.You Will Have the Opportunity to:
Perform daily and month-end closing activities, including preparation of journal entries, management reports, and account reconciliations.Conduct review and analysis related to production order activity, spending variances, inventory valuation accuracy, and the need for plant required accruals and reserves.Monitor budget and actual spend throughout the year and work with cost center owners on variances to budget and forecasts.Develop standard rates for cost centers and work with engineering on maintenance of plant BOM’s and routers.Work with the planning team to develop monthly manufacturing cost and absorption forecasts based on forecasted demand.Assist the operations team on development of business plans to justify large capital projects.Assist with the annual physical inventory process.Maintain compliance with US GAAP and all company accounting policies.Maintain procedural documentation for Sarbanes-Oxley compliance initiatives.Assist with requirements of both internal and external auditors during the annual audit.Monitor yield performance and work with commercial and corporate accounting to ensure revenue is recognized according to conditions identified in the customer contract.Assist with special projects as needed.Education/Experience:
Bachelor's degree in accounting or finance required.Minimum of five years of accounting or finance experience required; manufacturing or plant accounting experience is preferred.Solid understanding of generally accepted accounting principles (GAAP) and ability to accurately apply the principles.Experience with Visual Manufacturing ERP system and Microsoft Power BI is a plus.Highly proficient at Microsoft Excel, Word, and Power Point.Compliance Note:
The selection of the person to be hired for this position is contingent on the candidate having export compliance eligibility for access to U.S. controlled technology under the licensing jurisdiction of the U.S. Department of State, International Traffic in Arms Regulations (ITAR) and the U.S. Department of Commerce, Export Administration Regulations (EAR).Materion Corporation and its subsidiaries (the “Company”) is an equal employment opportunity employer. It is the Company’s policy to not unlawfully discriminate against an applicant or employee on the basis of race, color, religion, creed, national origin or ancestry, sex, age, physical or mental disability, veteran or military status, genetic information, sexual orientation, gender identity, marital status, or any other legally recognized protected basis under federal, state or local laws, regulations or ordinances.Applicants with disabilities may be entitled to reasonable accommodation under the terms of the Americans with Disabilities Act and certain state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on the Company.Materion’s Veteran Employee Resource group supports veterans and promotes the benefits of hiring veterans in the workplace. We honor all those who have served and are a military friendly company. Veterans are encouraged to apply and military experience and skills are transferrable to Materion careers.
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Under the leadership of the Plant Controller, the primary responsibility is to forge strong business partnerships and provide cost analysis and decision support to the functional leaders of Materion Precision Optics Westford and Tyngsboro. The role works to improve the accuracy of standard costs and enhance systems and processes for the business. The Senior Cost Accountant will provide value added cost analysis, insights, and recommendations to drive cost reductions and process improvements.You Will Have the Opportunity to:
Perform daily and month-end closing activities, including preparation of journal entries, management reports, and account reconciliations.Conduct review and analysis related to production order activity, spending variances, inventory valuation accuracy, and the need for plant required accruals and reserves.Monitor budget and actual spend throughout the year and work with cost center owners on variances to budget and forecasts.Develop standard rates for cost centers and work with engineering on maintenance of plant BOM’s and routers.Work with the planning team to develop monthly manufacturing cost and absorption forecasts based on forecasted demand.Assist the operations team on development of business plans to justify large capital projects.Assist with the annual physical inventory process.Maintain compliance with US GAAP and all company accounting policies.Maintain procedural documentation for Sarbanes-Oxley compliance initiatives.Assist with requirements of both internal and external auditors during the annual audit.Monitor yield performance and work with commercial and corporate accounting to ensure revenue is recognized according to conditions identified in the customer contract.Assist with special projects as needed.Education/Experience:
Bachelor's degree in accounting or finance required.Minimum of five years of accounting or finance experience required; manufacturing or plant accounting experience is preferred.Solid understanding of generally accepted accounting principles (GAAP) and ability to accurately apply the principles.Experience with Visual Manufacturing ERP system and Microsoft Power BI is a plus.Highly proficient at Microsoft Excel, Word, and Power Point.Compliance Note:
The selection of the person to be hired for this position is contingent on the candidate having export compliance eligibility for access to U.S. controlled technology under the licensing jurisdiction of the U.S. Department of State, International Traffic in Arms Regulations (ITAR) and the U.S. Department of Commerce, Export Administration Regulations (EAR).Materion Corporation and its subsidiaries (the “Company”) is an equal employment opportunity employer. It is the Company’s policy to not unlawfully discriminate against an applicant or employee on the basis of race, color, religion, creed, national origin or ancestry, sex, age, physical or mental disability, veteran or military status, genetic information, sexual orientation, gender identity, marital status, or any other legally recognized protected basis under federal, state or local laws, regulations or ordinances.Applicants with disabilities may be entitled to reasonable accommodation under the terms of the Americans with Disabilities Act and certain state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on the Company.Materion’s Veteran Employee Resource group supports veterans and promotes the benefits of hiring veterans in the workplace. We honor all those who have served and are a military friendly company. Veterans are encouraged to apply and military experience and skills are transferrable to Materion careers.
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