Cost Accountant

Company Description

The Company

Magnesium Elektron is part of the Luxfer Group of businesses that specialize in the design, manufacture and supply of high-performance materials to technology industries worldwide.

With headquarters in Manchester, UK, this $500M/year annual revenue sales group recently listed on the New York Stock Exchange (ticker symbol LXFR). The group employs over 1,700 people in 17 countries and operates 21 manufacturing plants in 8 countries - UK, USA, France, Czech Republic, Germany, Canada, China and Japan.

Main Product Groups include:

•   Aluminum and composite gas cylinders
• Magnesium alloys
• Super plastically formed aluminum components
• Zirconium based chemicals

The Group’s focus is on specialist products in high performance sectors where Luxfer´s technical know-how and manufacturing expertise combine to deliver a superior product.

For further information see

Magnesium Elektron

Magnesium Elektron is a long established light metals company that employs 400 people across North America and Europe and specializes in the development, manufacture and supply of magnesium products and services to technology industries worldwide. The organization has a strong historical base with excellent brand values (innovation, service, quality, technical support) in its existing markets.

Lighter than aluminum, ELEKTRON® magnesium alloys are used in high performance, safety critical automotive, aerospace, defense and other specialty applications. Magnesium is a quarter the weight of steel and a third lighter than aluminum, it can be used for reducing the weight of a product, increasing fuel efficiency and reducing greenhouse gas emissions.

  Magnesium Elektron North America is Headquartered in Madison, Illinois and is a metal producing facility specializing in the production of Magnesium alloy sheet and plate products. The facility includes a continuous casting operation as well as several rolling mills and other sheet/plate processing lines.

At MENA, we have a shared vision and common set of values which we apply with integrity. We all work together as a team towards common targets, goals, objectives and initiatives established and promoted by our company and their employees. Our stated values are:

• Customer Focus: We focus passionately on our customers.

• Excellence: We insist on excellence in everything we do, value continuous improvement and celebrate success.

• Personal Growth: We create an environment in which every individual is able to achieve their maximum potential. 

• Innovation: We look for innovative solutions everywhere.

• Accountability: We deliver on our promises and hold ourselves accountable.

Job Description

The Cost Accountant will report directly to the Inventory Control Manager.

We are seeking an independent self-starter to assist in the day to day inventory management and Cost Accounting process. This position will work with Inventory Control assisting with the tracking and valuation of inventory. Position will work in the Supply Chain and Sales and Operations Planning process performing data analysis for purchasing requirements. Costing process includes variance and standard cost evaluation and assisting in the monthly close.

Principal Responsibilities:

Inventory:

• Month end valuation of inventory

• General ledger inventory and COGS account reconciliations

• Obsolete and slow moving inventory reserve calculations

• Physical inventory and cycle count reconciliation and metrics

• Aid in ABC models and monthly inventory forecasting

• Provide standard cost evaluations

• Tracking and researching monthly variances (PPV, work order variances, etc.) 

• Analyze month, quarter and annual variances to actual, budget, forecast and strategic sales data.

Provide external and internal audit support

Assist with quarter and annual reports

Qualifications

Minimum Education, Skills, and Work Experience Required:

• Bachelor’s Degree in accounting, finance or related field required

• 3 – 5 years experience with a deep background in costing

• Experience with Microsoft Office Products

• Advanced Excel skills required with a complete understanding of pivot tables, Vlookups, charts and graphs

• Ability to organize work into priorities and meet deadlines.

• Strong attention to detail and ability to work with a high degree of accuracy required

Work Experience and/or Qualification Preferences:

• 2 + years of experience in a manufacturing environment with cost accounting, production planning or inventory control background preferred.

• Experience with an MRP / ERP system a plus

• Ability to work in a manufacturing environment as well as an office environment. 

• Strong ability to work under pressure to meet deadlines 

• Strong ability to multi-task and manage own time efficiently

• Must have the physical ability to travel within a large-scale plant.

Additional Information

Magnesium Elektron North America offers a full range of benefit including

Competitive Starting wage

Medical/Dental/Vision Insurance Plans

Flexible Spending account for Medical and Dependent Care

Company Paid Life, Short-term Disability, Long-Term Disability Plans

401(k) with up to a 6% company match

Generous Vacation Policy