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Cost Accountant

Company: Paradigm Precision
Location: Peabody
Posted on: November 8, 2019

Job Description:

Paradigm Precision specializes in the manufacturing of complex fabrication and precision machined components for gas turbine engines. We serve customers around the world in commercial and military aviation, power generation, the marine industry, rotary wing and unmanned aerial vehicles.SUMMARY: Cost Accountant is responsible for standard cost accounting and reporting, monthly inventory close, inventory reserves, bill of materials, and cost analysis to maintain accurate costing data and procedures. Will also liaison with manufacturing operations and financial staff, as required.ESSENTIAL DUTIES AND RESPONSIBILITIES:Update and maintain records for the labor and overhead rates. Update and maintain bill of materials and routings to ensure product costs are accurate and accounted for properly. Audit bills of materials and routings ensure bill of material and costing accurately reflect production operations, and perform time studies. Ensure timely and accurate input of price changes. Ensure the accuracy of inventory and reported results, and assists with the inventory cycle counts. Calculate and maintain the inventory reserves files. Review labor reporting and cost, material costs, manufacturing overheard, freight costs, and returns. Maintain accurate cost accounting records correcting any errors and discrepancies as required each month by performing analysis, taking corrective actions, and/or making recommendations to management. Ensures that all financial transactions, transmissions, and reporting are completed on a timely basis and are accurate. Assists with benchmarking, key performance indicators, and dash boards for measuring financial and operating performance. Assist with complex decision making initiatives. Supports management on plant production and costing issues, provides recap with actions to be taken. Assists with operations meetings as necessary. Assist with documentation, procedures, and other work flows. Assist with analyzing purchasing contracts costs components. Assist with analyzing costs initiatives and cost efficiencies. Assist with the yearend inventory physical count. Update and maintain the tooling amortization files and monthly journal entries. Ensure adherence to Generally Accepted Accounting Principles and internal controls. Assist with forecasts, annual and strategic plans, pro forma, and other financial scenarios. Assist with monthly and yearend close, yearend audit, journal entries, account analysis, and reconciliation's including intercompany. Assists other duties assigned as necessary. Perform special projects as required.SUPERVISORY RESPONSIBILITIES:There are no supervisory responsibilities for this position.QUALIFICATIONS:To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.The requirements listed below are representative of the knowledge, skills, and/or ability required.Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.EDUCATION and/or EXPERIENCE:B.S. Accounting or equivalent experience and a minimum of five (5) years of relevant experience, preferably in aerospace industry. A mixture of knowledge of Accounting, Manufacturing and of ERP systems.LANGUAGE SKILLS:Ability to speak effectively before employees in the organization.MATHEMATICAL SKILLS:Ability to add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals.REASONING ABILITY:Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram forms. Ability to deal with problems involving several concrete variables in standardized situations.PHYSICAL DEMANDS:The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Role requires ability to regularly stand, walk, reach with hands and arms, stoop and crouch as well as sit on frequently. Repetitive Wrist Use: Frequently Repetitive Hand Use: FrequentlyWORK ENVIRONMENT:The characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The person will perform duties in an Office environment.Paradigm Precision is an Equal Opportunity employer and does not discriminate on the basis of race, ancestry, color, religion, sex, age, marital status, sexual orientation, national origin, medical condition, disability, veteran status, gender identity, or any other basis protected by law.

Keywords: Paradigm Precision, Peabody , Cost Accountant, Accounting, Auditing , Peabody, Massachusetts

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