Cost Analyst

Experience Level: Junior Level (less than 5 years of experience)

Experience Required: 3 Years

Education Level: High School or Equivalent

Job Function: Accounting/Auditing

Industry: Pharmaceuticals

Relocation Assistance: No

Visa Sponsorship Eligibility: No

The primary responsibilities encompass managing the cost accounting system, analyzing and reporting on financial data, overseeing inventory, supporting audits, and improving accounting procedures.

Must-Haves:

• At least 3 years of experience in general accounting and/or cost accounting within a manufacturing environment
• Exposure to costing in MRP systems

Responsibilities:

• Create and manage the organization's cost accounting system, including all related documents and records.
• Analyze trends in costs and variances, investigate significant discrepancies, and suggest suitable actions.
• Analyze manufacturing costs and regularly produce reports comparing standard and production costs.
• Engage actively in meetings related to new product development.
• Estimate costs for new and proposed products.
• Prepare monthly inventory reports and evaluate inventory reserve needs with the Supply Chain team.
• Oversee quarterly or bi-annual inventory audits, prepare related reports, and reconcile inventory results for management review.
• Support the annual review and update of standard costs, including labor and overhead rates.
• Execute month-end closing procedures as required.
• Through general ledger account analysis and reconciliation, ensure the accuracy, reasonableness, and proper documentation of inventory account balances.
• Align engineering budgeted production standards with QuickBooks data.
• Facilitate the work of external and internal auditors during semi-annual and annual audits and according to the internal audit schedule.
• Work with other accounting staff to evaluate and enhance accounting systems and procedures and provide training on new or revised processes.
• Offer assistance to the accounts.

Benefits:

• Medical, Dental, Vision Insurance
• Group Life and Disability Insurance
• 401(k) with match
• Paid Holidays
• Biweekly profit-sharing contribution
• PTO (Vacation and Sick Time)
• Bonuses