ManufacturingInvento....
ManufacturingInventory accountant
Posted on :
21-03-2024
Employer Active
1 Vacancy
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Job Description
Req ID : 2651476
Role:Manufacturing/Inventory accountant
location:OrangeMassachusets United states(Onsite)
Job type:FullTime
The Manufacturing Accountant is responsible for managing and overseeing financial activities in the manufacturing environment. This includes tracking production costs analyzing financial data and providing insights to support decisionmaking within the manufacturing process. This role involves close collaboration with various departments within the organization including production procurement and supply chain
Cost Accounting
Monitor and manage the cost structure of the manufacturing process including direct and indirect costs.
Calculate monitor and maintain product costs incorporating materials labor and overhead expense.
Maintain item master bills of material and routers for all product lines.
Identify and analyze variances in production costs and recommend costsaving measures.
Inventory Management
Maintain accurate records of raw materials workinprogress and finished goods inventory.
Perform regular inventory reconciliations and assess inventory turnover rates.
Manage and conduct regular cycle counting activities analyzing variances and reporting on root causes.
Financial Transactions Recording
Ensure timely and accurate recording and classification of financial transactions related to manufacturing activities such as inventory production costs and cost of goods sold (COGS).
Maintain accurate and uptodate financial records.
Financial Reporting
Prepare financial statements including income statements balance sheets and cash flow statements specific to the manufacturing process.
Generate reports and key performance indicators (KPIs) to evaluate the financial health of the manufacturing process.
Cost Analysis/Process Improvement
Analyze variances in production costs and performance metrics to understand the factors affecting the manufacturing process.
Investigate and report on the reasons behind significant variances.
Provide recommendations to optimize operations and reduce costs.
Assist in evaluating the financial feasibility of new manufacturing projects or product lines.
General Accounting
Process invoices from suppliers and vendors.
Match invoices with corresponding purchase orders and packing slips to ensure that products or services were received as ordered.
Maintain working relationships with suppliers and vendors addressing payment inquiries and discrepancies promptly and professionally.
Assign appropriate account codes to invoices for proper accounting and reporting.
Assist with vendor statements and resolve discrepancies in a timely manner.
Monitor accounts payable aging to ensure timely payments and to effectively manage cash flow.
Maintain accurate and organized records of all account payable transactions.
Perform month and year end closing activities.
Prepare journal entries and review ledger accounts to ensure accuracy.
Reconcile accounts bank statements and intercompany accounts.
Investigate and resolve discrepancies or issues.
Compliance & Other
Ensure compliance with relevant financial regulations accounting standards and tax laws.
Assist Controller with other duties related to month end closing financial reporting payables receivables and other functions as needed.
Requirement
Bachelor s degree in accounting from an accredited fouryear undergraduate college or university.
Knowledge of accounting principles and practices especially related to manufacturing accounting.
At least 3 years of practical work experience as accountant for a manufacturer preferably in a Cost Accounting role.
Strong analytical and problemsolving skills.
Attention to detail and accuracy in financial data management.
Integrity confidentiality and interpersonal skills.
Excellent communication and teamwork skills.
Understanding of tax regulations and compliance.
Follows the directions of his/her supervisors.
Criminal and credit background check will be required. Drug test may also be performed.
inventory accounting,cash flow,financial reporting,manufacturing,financial transactions recording,general accounting,compliance & other,cost analysis/process improvement,inventory management,accounting,cost accounting
Employment Type
Full Time
Key Skills
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