Gowan Milling is looking for a Cost Accountant. In this job, the Cost Accountant will analyze production costs, pinpoint cost drivers for enhanced cost-effectiveness. Collaborate with production teams to optimize processes. Deliver precise cost reports, aiding financial decisions. Contribute to financial statement preparation. Identify and implement ongoing process and cost-saving opportunities with cross-functional departments.Duties and Responsibilities:Reviews all Standard Cost elements to ensure logical determination, including bill of materials, production routings, labor, and overhead.Coordinates with the supply chain team to ensure that standard costs are correctly reflected in bills of materials.Coordinates with each manufacturing team to ensure that all manufacturing operations are correctly reflected in product routes.Coordinates with each team supporting manufacturing operations to ensure that all overhead expenses are correctly reflected in the indirect cost.Coordinates with each manufacturing team to ensure that all direct labor costs are correctly reflected in the standard cost and procedures.Determines the Standard Cost for all manufactured products based on the obtained records.Assists in new product planning by forecasting costs (variable, assembly, indirect) and analyzing costs of various options.Assists in the annual cost roll, conducted at fiscal year-end, to ensure that inventory valuation is properly booked in the system.Assists in managing/performing cost segregation and fixed asset studies/evaluations.Coordinates physical inventory counts and cycle counts of inventory.Validates and monitors standard costs on a monthly basis, investigates discrepancies between standard and actual costs, and executes any adjustments if needed.Determines standard/actual cost variances on a monthly basis (purchase & manufacturing) and ensures that accumulated purchase price variances are applied to sales in the P&L.Monitors slow-moving inventory and evaluates it for impairment or obsolescence.Prepares accurate and timely Cost Accounting and Inventory reporting and expense analysis for managers and other end users.Performs account reconciliations to maintain the integrity of the general ledger in Cost & Inventory related accounts.Prepares financial information and schedules for external auditors during the annual financial audit.Assists with technical support and advice in Operational Departments.Assists with the preparation of the Budget Standard Cost.Maintains internal cost accounting controls (Policies & Procedures).Participates in any duty related to the Finance department required by the company.Coordinates cost-down efforts by establishing targets, analyzing the total cost of current products, and comparing them to the estimates or recommended target costs.Assists with the Audit review process.Qualifications and Skills:Required Qualifications:Bachelor's degree in Accounting or FinanceMaster's degree (Accountancy or MBA) and/or CPA preferredSkills:Proven experience in accounting practices.Proven experience in Manufacturing Cost Accounting (Standard Cost preferred).Knowledge of Generally Accepted Accounting Principles (GAAP, IFRS).Experienced with Microsoft Office programs, especially Microsoft Excel.Familiar with electronic accounting systems, preferably JD Edwards Enterprise One.Accuracy and attention to detailProblem-solving, conflict management and decision-making skills.Self-motivated, flexible, team playerTenacity and willingness to investigate and resolve discrepanciesExcellent communication and interpersonal skillsPhysical and Work Requirements:Work in office environment at a desk for extended periods using computer.Light filing and Occasional travel.Occasional light lift objects may be required.Occasional overtime may be required.
