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AMETEK · 1 week ago

Cost Accountant

Garden City, NY

Full-time

Onsite

Mid, Senior Level

$110K/yr - $135K/yr

5+ years exp

AMETEK is a leading global provider of industrial technology solutions. The Cost Accountant will provide financial support to manufacturing facilities, ensuring cost control and compliance with internal policies, while performing financial analysis and reporting.

ElectronicsManufacturing

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 includes daily update and analysis of sales and cost of sales, labor productivity, production KPI reporting, product costing, COPQ tracking and monthly material usage variances and inventory adjustments

Responsible for the overall planning, coordination, and participation of cycle count, and 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

Preparation and analysis of the information required for the annual standard cost updates

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 reduction

Prepare monthly manufacturing plant performance reports, analyzing against forecasts or budgets

Participate in the preparation of proposals including cost price data packages for government contract proposals

Constant review of processes to improve procedures and methods

Perform other related duties, ad hoc reporting & analysis, and special projects as required

Qualification

Cost accountingFinancial analysisERP systemsMicrosoft ExcelOracleSOX complianceCommunication skillsProblem-solving skillsTeam playerAttention to detail