Cost Accountant

Cost AccountantResponsible for assigning inventory numbers creating costing bills of material, calculating unit costs for material and freight, as well as prepare inventory costs for analysis. Prepare, analyze and review inventory costing sheets to be used for book and income tax reporting and setting unit sales prices.Primary Responsibilities:Compute and update material costs in a cost element program daily based on actual prices from supplier invoices, allocation of domestic freight charges, allocation of international freight charges including duties and custom charges, any additional adjustments for discounts, tooling expenses, etc.Respond to management’s needs for special costing projectsUpdate inventory costing sheets by calculating material, labor, and overhead for injection, extrusion and assembly, verifying proper assets costs are being used for calculation, analyzing the change in unit cost since the last calculation, reporting the details in gross margin and selling general and administrative costsWork with IT on any changes needed to the costing tool based on changes in productionVerify all items in system have a standard cost on daily and monthly basisParticipate in the weekly check run review and signatures requiredInventory:Process and develop routings for rework or display productionAssign item numbers for inventory itemsSet bill of materials for displays and racking kits and enter sales comments describing display for pick ticket and sales ordersPrepare, review and analyze physical inventoryParticipate in meetings leading up to physical inventoryReview issues that occurred in the prior physical and develop improvementsWork with IT group to improve reporting system issues from the prior yearAudit standard box counts for this year and compare to prior yearRequest second count on any unexplained material variancesReview physical counts being reported for strange amounts, incorrect part numbers of unusual pack sizesFinalize physical countsCost raw components and updated unit costs for new standardsUpdate and analyze costing bills of material to productions bills of materialFinalize subassembly and finished goods costingAssist in inventory discrepancies resolution related to production reporting errors, BOM errors, Syspro issues, etc.Prepare receipts and review discrepancies for outside warehouse transfersManage month-end close process related to inventoryVerify that all inventory has positive balancesAdjust inventory for any dispatched inventoryReview for any other transactions needed in other Libman CompaniesOther:Review daily production reports and verify accuracy of back flushing when staff account and primary person are absentBack-up for entering U.S. dollar wire payments into the banking web site or approving their disbursement when neededBack-up Plant Engineer when absent by creating all bill of material changes and review the backflushing reports before sending these to accountingMaintain costing file on items both electronic and hard copyShred documentsOther duties as assignedKnowledge and Skill Requirements:Bachelor’s degree in accounting with five years of accounting experienceKnowledge of generally accepted accounting ruleKnowledge of income tax basis rulesWorking knowledge of freight costing including custom and dutiesKnowledge of Microsoft OfficeAble to operate the following office machines: adding machine, copy machine, computer, fax machine, scannerPhysical Demands:Must be able to work at a computer for long periods of time.Must be able to lift 15-20 pound occasionallyWorking Conditions:Working conditions are normal for an office environment.Work requires extensive work using a computerResponsibilities may require evening and weekend work in response to workloadSpecial Requirements:Pre-employment drug screen and physicalBackground checkEmployee Benefits:40 hours of non-paid time off starts at time of hire and requires supervisor approval to use.PTO accrual starts at time of hire; 1 hour earned for every 40 hours worked. PTO can be used for any reason after 90 days of employment.Vacation accrual starts once eligibility time has been met; requires supervisor approval to use. Increase in vacation time earned is based on years of service schedule.10 paid holidays once eligibility time has been met.Healthcare, dental, and vision along with other voluntary insurances available to employees who have met their eligibility time and work at minimum 30 hours a week.$50k life insurance policy provided to employees who have met their eligibility time and work a minimum of 30 hours a week. Additional coverage available at a discounted rate.Employee Assistance Program to all employees and their eligible family members with 24/7 access.401 (k) retirement for employees 21 years and older with ability to contribute 1st of the month following date of hire. Company match up to 50% of a 6% employee contribution after 90 days. Company contributions are discretionary and will be made after our internal approval processes are completed and all requirements have been met.Profit Sharing for employees 21 years and older, have met minimum required worked hours as of January 1st or July 1st based on date of hire. This is automatically contributed to annually. Company contributions are discretionary and will be made after our internal approval processes are completed and all requirements have been met.Costco membership to employees with at least 1 year of service on or before April 1st.Tuition reimbursement/seminars for continued education. Company approval is required and must be related to employee's current or potential future position with the companyRequirementsONSITE REQUIRED IN ARCOLA 5 day work weekSalary Description $62,400