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Jordan Manufacturing · 3 months ago

Cost and Inventory Accountant

Monticello, IN

Full-time

Onsite

Mid Level

3+ years exp

Jordan Manufacturing Company has been creating innovative outdoor products and providing exceptional customer service for over 45 years. They are seeking a highly skilled Cost and Inventory Accountant to join their Finance team, responsible for maintaining accurate cost accounting procedures, overseeing inventory controls, and providing key financial insights that drive operational efficiency.

ManufacturingProduct Design

No H1B

Responsibilities

Collects and analyzes data relative to the company’s operational costs

Partners with Vietnam cost accounting, sourcing, product development, and US/Vietnam operations teams on setting standard costs of manufacturing goods

Partners with Vietnam cost accounting team on establishing and maintaining all bills of materials

Investigates material usage variances and drives operational process changes to eliminate the variances

Investigates purchase price variances and works with the sourcing team to find cost effective solutions

Review and approve inventory cycle counts inter-month and period-end physicals in line with Company instructions, document results, and suggest process improvements to eliminate variances

Carry out cost-volume margin analysis and absorption impact modeling

Carry out labor cost impact modeling that aligns to demand planning forecasts

Support analysis and commentary of drivers behind variances, month to month vs. prior year, and forecast and budget

Review production variances (materials & labor) with management and help drive to root cause

Help investigations in weekly/monthly dashboard of spending, highlighting opportunities for improvement

Collate labor straight time and overtime daily and review with plant management

Partner in plant problem solving and Continuous Improvement (CI) teams as finance subject matter expert by providing manufacturing support and analysis in such areas as process performance, line efficiency, OEE, scrap reduction, E&O reduction and control, inventory carrying cost, capital spending, inventory management, customer service objectives, production costing, and cost reduction

Ad Hoc analysis and other tasks as assigned

Partners with sales, product development, Vietnam cost accounting, and operations to generate customer margin programs

Partners with operations implementing lean principles around the costs of goods such as administrative, labor, distribution, logistics, etc

Performs account reconciliations

Provides key monthly reporting on standard cost variances such as PPV, MUV, production variances, and labor variances

Assist in monthly and year end reporting processes

Assists executive team in the financial analysis of key business strategies and/or projects and make recommendations based on anticipated outcomes

Prepare reports which summarize and forecast business activity and financial position in areas of expenses based on past, present, and expected operations

Assist with preparation of budgets, review budget proposals, general ledger, forecasts, capital justification, and prepare necessary supporting documentation and justification

Provide management with timely reviews of organization's financial status and progress in its various programs and activities including capital approval and reporting

Compare and report on actual cost results vs. operating standards

Monitor production inventory costing and levels

Prepares audit reports on cost accuracy, bill of material accuracy, time studies, downtime, changeover efficiency, scrap factors, etc. and represents findings to management

Recommends process improvements and critical KPI’s to reduce waste and cost while driving margin improvement

Advises management on appropriate costing methods based on financial data

Performs other duties as required

Qualification

Cost accountingInventory managementUS GAAPCPACMA certificationERP systemsAdvanced ExcelGlobal experienceBilingual in EnglishVietnameseCommunication skillsCollaboration skillsProblem-solving skills

Required

Bachelor's degree in Accounting, Engineering, Economics, or Finance

Minimum 3 years in the Accounting/Finance/Engineering Field within a manufacturing environment

Standard cost accounting experience in a manufacturing environment

Bilingual in English and Vietnamese

US Generally Accepted Accounting Principles (US GAAP) experience

Ability to communicate clearly and succinctly, including the ability to effectively communicate up, down, and across the organization

Demonstrated record of continued career progression across broader, challenging roles

Demonstrated ability to closely and effectively collaborate with their cross functional colleagues to drive organizational priorities and results

Ability to quickly assess both cost risks and opportunities within complex business situations

Ability to function in a fast-paced environment

Operates with a clear bias for action

Ability to build business models to demonstrate volume absorption impact, S&OP modeling, critical KPI modeling, and other comparative cost modeling as required

Significant experience with ERP and Microsoft Office systems

Advanced Excel user

Must be able to walk the production floor, including prolonged periods of standing on the production floor

Prolonged periods of sitting at a desk and working on a computer

Must be able to lift 15 pounds at times