Senior Cost Accountant

Company: Kforce Finance and Accounting
Location: Stanhope
Posted on: May 28, 2023

Job Description:

Kforce's client, a World Leader in Advancing Passive Fire Protection Technology in Stanhope, NJ, is expanding and looking for a Senior Cost Accountant. Summary: The Senior Cost Accountant will maintain the company standard costing system to value inventory, costs of goods sold, and production absorption. They will lead the general ledger closing process ensuring all transactions are processed accurately and timely. The Cost Accountant, you will support the Controller with year-end audit. Responsibilities:

• Reconciles perpetual inventory to the GL weekly
• Analyzes inventory reserves for slow moving and obsolescence
• Reviews recorded inventory transactions for scraps, cycle counts, production, and shop order variances weekly, ensuring that debit memos are issued for inventory sent to suppliers
• Analyzes purchase price, material, and production variances to identify issues and exceptions to Company standard procedure
• Analyzes manufacturing variances to identify issues and exceptions to Company standard procedure
• Prepares and updates annual material standard costs and standard rates for direct labor and overhead
• Rolls up standard costs for new and revised products per requests from the manufacturing engineering team
• Performs monthly and yearly accounts reconciliation and analysis
• Maintains inventory cycle counting records
• Maintains fixed asset and associated depreciation schedule on FAS software system
• Supports the audit process; Supports the Controller with budget process
• Maintains accurate and complete records in accordance with the company policy and accepted accounting practices
• Enforces company policies and procedures
• Ensures department is accident free
• Ensures an orderly and clean department

Keywords: Kforce Finance and Accounting, Paterson , Senior Cost Accountant, Accounting, Auditing , Stanhope, New Jersey