Cost Basis Associate Jobs in Dallas, TX (NOW HIRING)

About Us

Data Analysis Incorporated (DAI) is the controlling entity of the O’Neil family of businesses. DAI and its subsidiaries operate in diverse industries worldwide, including global equity markets, health care, financial services, digital news, and insurance. Our global footprint allows our teams to be responsive to customer needs in a timely and efficient manner. We are dedicated to using technology and innovation to bring change and growth to our businesses. We believe in a dynamic workplace, creating engaging, informative products and services that help our customers succeed. Integrity is an essential characteristic for our firms and our associates

Summary

The Senior Cost Accountant role will focus on strengthening the cost accounting system within a manufacturing environment. It involves collaborating with the cost manager in supporting the implementation of controls to ensure accurate reporting of inventories and manufacturing costs, researching variances, and making recommendations for improvement.

Duties and Responsibilities

• Create bill of materials for each job and the setup of standard costs, including labor, material, machining, and other direct and indirect conversion costs.
• Prepare and analyze cost reports and costing audits
• Monitor controls in place to ensure the integrity of the cost data.
• Work with operations and production to track conversion process and costs throughout various stages of the manufacturing process.
• Contribute in building BOM library for the master product catalogue.
• Liaise with Purchasing for price evolution and raw material cost update. Ensure accurate and timely reporting of purchase price variance.
• Research and validate variances versus standard for purchases, processes, labor and spending.
• Manage inventory valuation from cost update and inventory adjustments for GAAP reporting (e.g. price testing). Financial controls over inventory reporting. Ensure adherence to month-end and cycle count instructions.
• Monitors scrap and recycle of materials.
• Monitor inventory movement throughout the production process to ensure accurate accounting of costs by job and inventories on hand. Ensure accurate reporting of inventory in-transit and 3rd-party warehouses. Track project cost and analyze budget to actual variances over project life cycle.
• Assist in the preparation and monitoring of the budget process.
• Validate the cost of goods sold is accurately tracked by product by job as part of the month-end close.
• Supports FP&A in the preparations of management reports. Assist in the report on the effectiveness of operational performance by providing operations with financial analysis, plant metrics and KPIs.

Qualifications & Requirements

• Bachelor’s degree in Accounting or Finance required or equivalent experience.
• A minimum of three years’ work experience in cost accounting in a manufacturing environment is required.
• Through knowledge of accounting procedures and principles, to manage and analyze the costs associated with the company’s operations.
• Affinity for manufacturing operations and inquisitive for how things work.
• Strong PC skills, including Microsoft Word and Excel.
• Experience with business intelligence and analytics software is preferred.
• Previous experience with an ERP in a manufacturing environment is required.
• Excellent analysis skills and the ability to collaborate with multi-department teams.
• Outstanding attention to detail and the ability to review work for any discrepancies.
• The ability to communicate effectively with individuals at all levels of the organization. Outstanding problem-solving abilities.
• Ability to work independently and as a member of a team.
• Ability to be versatile; can adapt to a fast-paced environment with attention to detail.
• Strong customer service skills with the ability to ensure that a high level of service and quality is maintained.
• Able to acquire technical understanding of products and manufacturing processes to be able to effectively communicate with stakeholders.
• The ability to prioritize multiple tasks and projects and meet deadlines.
• Must be a “Process Owner” researching subtle problems without direction

Working Conditions

Must be able to perform essential job duties. Work is performed primarily in an office environment. Typically requires the ability to sit for extended periods of time (66%+ each workday), hear the telephone, and enter data on a computer and may also require the ability to lift up to 10 pounds.

Equal Opportunity Employer

Data Analysis Inc is an equal opportunity employer. All aspects of employment, including the decision to hire, promote, discipline, or discharge, will be based on merit, competence, performance, and business needs. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law.

Data Analysis Inc (DAI) is the parent company of a global group of privately held firms in fields ranging from institutional equity markets to digital investment news and information to omnichannel communication solutions. DAI provides leadership, oversight, and strategic direction and shapes the purpose, vision, and mission of these firms. Shared services include administration, finance, and human resources. DAI’s global team embraces an entrepreneurial focused environment fostering collaboration, teamwork, and creativity with a dynamic culture that emphasizes the value of its associates and their dedication to success. We strive to be leaders in our field, innovators with a history of being in the forefront of using technology to deliver our services.