Senior Cost Accountant Job Description
Senior cost accountant
provides oversight and maintain a relationship with Finance, Budget Team and Laboratory employees while ensuring compliance with Contract 44, Cost Accounting Standards (CAS), Generally Accepted Accounting Principles (GAAP), and applicable Department of Energy (DOE) regulations, policies and procedures as it applies to property accounting and capitalization.
Senior Cost Accountant Duties & Responsibilities
To write an effective senior cost accountant job description, begin by listing detailed duties, responsibilities and expectations. We have included senior cost accountant job description templates that you can modify and use.
Sample responsibilities for this position include:
Assist in the conversion from existing mainframe cost accounting system to SAP
Prepare monthly financial statements and reports in SAP
Accounts Payable and Accounts Receivable activity as needed
Participate month-end accounting close
Prepare monthly journal entries, including sales, COGS, other SG&A expenses, intercompany transactions and intercompany eliminations
Research monthly activity as needed
Responsible for preparation of yearly budgets for the manufacturing facility
Audit daily production reports
Standard and current cost grief resolution
Provide day-to-day business decision support to operations and general managers on various financial topics (capital vs
Senior Cost Accountant Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Senior Cost Accountant
List any licenses or certifications required by the position: CPA, CMA, CIMA, ACCA, B.S
Education for Senior Cost Accountant
Typically a job would require a certain level of education.
Employers hiring for the senior cost accountant job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Accounting, Finance, Education, Business, Manufacturing, Business/Administration, MBA, Graduate, Economics, Technical
Skills for Senior Cost Accountant
Desired skills for senior cost accountant include:
Excel
GAAP
Generally Accepted Accounting Principles & Cost Accounting Standards
SAP
Generally Accepted Accounting Principles
Accounting principles
Procedures
Application of mainframe and PC-based financial systems
ERP system and all cost functions
Practices
Desired experience for senior cost accountant includes:
Analysis of General Ledger
3+ years of relevant cost accounting experience
FINRA Series 6 & 63 Securities License required within 90-days of hire
Experience with Great Plains, KRONOS and or an ERP desired
5+ years of relevant experience working with a large corporation
2-5 years in Public Accounting and/or inventory and cost experience
Senior Cost Accountant Examples
1
Senior Cost Accountant Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of senior cost accountant. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for senior cost accountant
- Reviews and analyzes inventory, cost of sales/PPB
- Cost Variance budget orecast
- Assist staff in preparing and analyzing capital expenditure requests
- Performs other related duties and tasks as required – bills of material, production routings
- Responsible for the cost accounting function within the Accounting Team
- Collect, analyze, evaluate, and present data about the company’s financial performance
- Self-starting and goal-oriented personality striving to realize achievements
- Work with CFO to resolve standard cost issues
- Some cost analysis including materials, labor, overhead rages, inventory valuation, product costing, and product pricing
- Manage product costing, Analyze and prepare annual raw material and standard cost roll up as part of annual budgeting process
Qualifications for senior cost accountant
- 2+ years experience in accounting department
- 4 to 6 years “hands on” accounting experience in construction or a real estate environment
- Previous Yardi accounting and project management system experience a plus
- Demonstrated technical proficiency in construction accounting software and Microsoft Office products
- CPA or CPA candidate preferred (not required)
- Experience with cost accounting, standard costing, perpetual inventory system, material usage a huge plus
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Senior Cost Accountant Job Description
Job Description Example
Our company is searching for experienced candidates for the position of senior cost accountant. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for senior cost accountant
- Provide support on month-end closing and ad-hoc projects as assigned
- In charge of inventory control and bi-annual physical inventory count
- Maintain SOP and ensure continuous efficiency improvement in accordance with SOX
- Lead an assistant cost accountant and liaise with various functions - production team, supply chain
- Analyze standard cost variances in material labor and manufacturing overhead
- Ensure accuracy of the physical inventory investigating and explaining book to physical adjustments
- Reconcile GL balance sheet accounts on a timely basis
- Prepare analyses of CapEx Reqs and monitor approvals in the system
- Assisting as a financial resource to operational and management team in other accounting projects and period end activities
- Assist with the annual physical inventory & cycle count programs
Qualifications for senior cost accountant
- 5+ years of cost accounting experience required in a standard cost system environment
- Willingness to be out in the plants partnering with operations required
- 5+ years of cost/manufacturing experience
- CPA is a plus, CPA in process
- CPA or MBA is preferred, not required
- Must have a minimum of 5+ years cost accounting in a manufacturing environment to be considered
3
Senior Cost Accountant Job Description
Job Description Example
Our company is growing rapidly and is looking for a senior cost accountant. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for senior cost accountant
- Continually review and monitor accounting practices to ensure actual results are accurate and compliant
- Analyze inventory trends and develop reports which highlight and communicate significant changes
- Perform monthly closing activities including analysis of accounts and preparation of journal entries
- Develop and maintain performance metrics for material costs and establish material and labor standards
- Analyze data discrepancies and implement changes when needed to improve processes
- Forecast and analyze variances and report on findings
- Analyze gross margin results, correct anomalies, identify trends, and communicate findings
- Represent Finance/Accounting on teams designed to improve operations, reduce costs
- Provide financial support to ensure accurate inventory records
- Identify areas of improvement, and recommended changes to drive profitability
Qualifications for senior cost accountant
- Bachelor's Degree in Accounting required, CPA or CMA preferred
- 3+ years of accounting/finance experience in manufacturing required, plant experience a plus
- Proven ability to effectively multi-task and meet deadlines
- Ability to travel domestically up to 25% required
- Comfortable working with multiple IT systems
- Ability to gather and analyze detailed financial data resulting in recommendations to business leaders
4
Senior Cost Accountant Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of senior cost accountant. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for senior cost accountant
- Provide financial analysis of manufacturing processes to drive key performance
- Determines the appropriate data to collect to provide the most insightful data to guide decision making
- Develops and conducts complex cost audits and cost analyses
- Conducts capital budgeting reviews
- Analyzes cost variances, determines root causes, and prepares recommendations and alternatives for improvements
- Identifies data analysis needs, and works with appropriate departments to obtain the data on a regular basis
- Prepares analyses and drafts materials presenting strategic recommendations to be made to management
- Responsible for product costing for all new and existing products
- Ad hoc assignments that improve financial and operational processes
- Trouble shoots existing accounting systems to correct problems
Qualifications for senior cost accountant
- Masters degree, CPA and/or CMA designation is viewed favorably
- A minimum of 3 years of relevant work experience in Inventory and Cost Accounting
- Experience in Lean/Six Sigma is a strong plus
- Ability to respond quickly and positively to change acting as a change catalyst
- Maintains robust controls as applicable including account reconciliations, DOA/Approvals
- Responsible for setting the standard for the annual operating plan relevant to the local site
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Senior Cost Accountant Job Description
Job Description Example
Our company is looking to fill the role of senior cost accountant. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for senior cost accountant
- Monitor and manage the inventory balance sheet including reserves and COGS balances in the Global financial statements – ensuring these are accurate and complete
- Developing in depth 5 year product cost projections for current and next generation products including variance analysis and What-if scenario planning
- Manage all aspects of the COGs annual budget activity from labor efficiencies and productivity analysis to spend and ensure all key requirements were verified and delivered and on time
- Proving solid operational finance support by working closely with Operations to provide continuous financial appraisal on projects and processes improvements
- Coordinating and conducting the physical inventory count and periodic cycle counts, including reconciling differences and making financial and inventory adjustments
- Responsible in the capital budgeting, forecasting and actuals reporting for all of Operations TAVR (local and at sister sites)
- Site lead for all Systems Applications in relation to Operations Financial Reporting
- Ensure compliance with Sarbanes Oxley legislation
- Assist in ad-hoc financial planning, forecasting and other management reporting function
- Prepares/reviews monthly analyses and reports for plant and P.O.C
Qualifications for senior cost accountant
- Strong integrity and respects others
- Five years of Cost and management accounting experience required
- Good working knowledge of product costing, inventory management, variance analysis, and financial modeling
- Must be able to work well in a complex, fast –paced, matrixed worldwide organization and be able to simplify that matrix for reporting and analytical purposes
- Proficiency in QuickBooks a plus
- International travel required as part of this role