Cost Accountant

Cost AccountantYoungwood, PA, US On-site Aerospace & Defense Vaco $USD 60000 - 80000 Direct HireVaco is hiring for a Cost Accountant in Youngwood PADirect Hire, OnsiteSalary: 65-80,000/yrPrimary Functions: The Cost Accountant will be responsible for ensuring accurate inventory valuation, identifying risks, and maintaining controls in accordance with generally accepted accounting principles.Key Responsibilities:Monitor inventory transactions for discrepancies and investigate any outliers.Assess inventory for obsolete and slow-moving parts, ensuring adequate reserves.Reconcile inventory reports from the ERP to the general ledger on a monthly basis.Calculate and prepare monthly journal entries for scrap material.Review inventory held at suppliers for reasonableness each month.Address negative quantities in perpetual inventory reports.Perform inventory price testing to ensure accurate valuations.Review and update standard costs in the ERP system.Calculate the full absorption ratio monthly and compare it to the general ledger, preparing adjusting journal entries as needed.Other duties as assigned.Reporting:Provide financial analysis as needed and assist with the preparation of monthly and annual financial statements.Recommend benchmarks for measuring company performance.Compliance:Ensure adherence to accounting policies related to inventory and recommend changes as necessary.Monitor daily cycle counts and participate in counts if needed.Assist with annual financial audits and physical inventory counts.Scope and Purpose: In a small business setting, the Cost Accountant may be required to perform additional duties beyond traditional cost accounting responsibilities.Job QualificationsEducation Requirements:Bachelor's Degree in Accounting, Finance, or equivalent.Experience Requirements:Experience in accounting, financial analysis, and with a manufacturing company is a plus.By submitting to this position, you are agreeing to be included in our talent pool for future hiring for similarly qualified positions.