Cost Accountant

Posted 10 Days Ago
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Factory Village, MA
1-3 Years Experience
Industrial • Manufacturing
The Role
The Cost Accountant will be responsible for various accounting tasks including variance analysis, inventory control, and preparing reports. They will assist in month-end close processes and work on improving SAP reports and cost allocation.
Summary Generated by Built In

Job Description:

The Cost Accountant will be based in our Hanover, PA facility. They will assist the Plant Controller in multiple areas of accounting, including variance analysis, sales analysis, standard cost development, inventory control, PPV analysis, and scrap analysis. Prepare daily, monthly, and quarterly reports as needed as well as participate in month end close.

Key Responsibilities

  • Prepares monthly account reconciliations to ensure current and accurate balances with support
  • Monitors/Reconciles inventory cycle count program and develop program for remaining materials
  • Analyzes PPV/freight for proper accounting
  • Prepares daily, weekly, and monthly reports on sales, production, and labor hours
  • Assist with data collection to support budgets and forecasts
  • Prepares journal entries to support month-end close
  • Prepares month-end corporate reports (inventory, variances, sales/cost of sales activity, etc.)
  • Works with plant personnel to ensure proper accounting codes are used on purchase orders
  • Performs audit on annual standard cost revision, tests new standard costs for accuracy
  • Assist with annual physical inventory
  • Assist with part number creation and calculating standard costs
  • Assist with actual to standard variance analysis
  • Capital project cost tracking and monitoring
  • Ad hoc reporting and analysis
  • Improve current SAP reports and develop new as needed
  • Work with SAP team to improve the allocation of costs in transactions
  • SOX Controls and Compliance

Knowledge, Skills & Abilities

  • Bachelor’s degree – Accounting with six years of cost accounting experience in a manufacturing environment
  • Detailed knowledge of cost accounting and understanding of transaction flow into trial balance
  • Good communication skills
  • Working knowledge of MS Office and ERP software
  • SAP experience preferred

Top Skills

SAP
The Company
Annapolis Junction, MD
3,138 Employees
On-site Workplace

What We Do

ESAB is a world leader in the production of welding consumables and equipment.
Our brand is synonymous with world-leading expertise in the following key areas:

* Manual welding and cutting equipment
* Welding consumables
* Welding automation
* Cutting systems

Celebrating 110 years since its founding, ESAB now serves a global market. We are represented in almost every country by subsidiaries or agents providing sales and support. ESAB also has manufacturing plants across four continents.

Manufacturers everywhere are looking for ways to improve productivity and reduce operating costs. One way to achieve this goal is to align with a welding and cutting partner that offers a complete line of innovative solutions that meet the current demands of industry. ESAB has led the way in research and development of better technologies and products for this industry since its founding.

ESAB has many great minds working on ways to make our industry stronger and better able to meet the needs of the future. We are constantly striving to expand our product offerings – from the best in traditional welding applications to large automated manufacturing facilities. ESAB continues to offer world-class technical support and educational opportunities to help our customers work smarter and better. We are dedicated to working with customers to help them be more productive, more profitable, and better able to compete.

The ESAB group has been owned by Colfax Corporation since January 13, 2012.

To learn more visit our website at www.esab.com and choose your region to begin

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