Job Description
Job description
Accountivity is hiring!
Our client in Torrance, CA is actively looking for a Cost Accountant to join their team.
Title: Cost Accountant
Location: Torrance, CA
Length of Assignment: Permanent
Salary: $85,000 - $+0,000/year
JOB SUMMARY:
Responsible for the accurate and timely calculation of product and component standard costs as well as period-end inventory reports and related journal entries. Requires strong grasp of GAAP (Generally Accepted Accounting Principles) as they relate to non-GAAP standard cost systems and external reporting requirements. Requires a good grasp of more complex manufacturing standard cost systems and attention to detail. Requires frequent interaction with various levels of personnel in accounting and other departments of the company.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.
• Quarterly, revise material, labor, sub-contract, and overhead for all part numbers in the item master. Revise standard costs outside of the quarterly schedule as needed in such situations as bill of material changes, inventory acquisition method changes.
• Quarterly, in addition to month-end close, prepare impairment analysis of various inventory categories. Prepare capitalization of freight and tariff spending associated with quarter-end inventory. Incorporate Management Review into Excess Obsolete Inventory reserve program output to book reserve adjustment.
• Perform month-end close. Includes journal entries, reconciliation of perpetual inventory listing to GL inventory accounts. Provide Finance department with detailed analysis of perpetual inventory valuation to collateral valuation.
• Ensure all QAD accounting data associated with item master parts confirms to MPA policy. Includes item master parameters, standard costs, costing bills-of-material, site-specific set-up overrides, and routings. Review and approve QAD item master additions/modifications as well as the addition/modifications of associated accounts, generalized codes, QAD sites and others as needed.
• Maintain compliance with Internal Audit and Sarbanes-Oxley key controls.
• Submit recommendations for QAD improvements, reports, extracts, program errors.
• Respond to requests for cost data and analysis of labor and overhead spending that is capitalized into inventory valuation.
• Assist in the QAD activities portion of the annual multi-site physical inventory.
• Support the quarterly and annual external audits. Includes preparation and explanation of various PBC data requests.
• Assist Cost Accounting Manager as a resource to Operations regarding all cost accounting and inventory valuation issues, reporting and analysis.
• Perform other directly-related appropriate duties as assigned.
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, skill, and/or ability required.
Education/Experience:
• A minimum of 5 years of experience as an Inventory or Cost Accountant
• Bachelor's degree in finance or accounting required
• Experience with GAAP (Generally Accepted Accounting Principles) as they relate to non-GAAP standard cost systems and external reporting requirements.
• Experience with ERP software (QAD Enterprise Edition preferred).
• Advanced MS Excel skills with an emphasis on pivot tables, macros and functions
• Experience with Internal Audit and Sarbanes-Oxley requirements in relation to Cost Accounting and Inventory valuation.
• Bilingual Spanish/English a plus
If you meet the above qualifications, please submit your resume. Please note that while we appreciate all applications, only those being considered will be contacted.
Accountivity is hiring!
Our client in Torrance, CA is actively looking for a Cost Accountant to join their team.
Title: Cost Accountant
Location: Torrance, CA
Length of Assignment: Permanent
Salary: $85,000 - $+0,000/year
JOB SUMMARY:
Responsible for the accurate and timely calculation of product and component standard costs as well as period-end inventory reports and related journal entries. Requires strong grasp of GAAP (Generally Accepted Accounting Principles) as they relate to non-GAAP standard cost systems and external reporting requirements. Requires a good grasp of more complex manufacturing standard cost systems and attention to detail. Requires frequent interaction with various levels of personnel in accounting and other departments of the company.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.
• Quarterly, revise material, labor, sub-contract, and overhead for all part numbers in the item master. Revise standard costs outside of the quarterly schedule as needed in such situations as bill of material changes, inventory acquisition method changes.
• Quarterly, in addition to month-end close, prepare impairment analysis of various inventory categories. Prepare capitalization of freight and tariff spending associated with quarter-end inventory. Incorporate Management Review into Excess Obsolete Inventory reserve program output to book reserve adjustment.
• Perform month-end close. Includes journal entries, reconciliation of perpetual inventory listing to GL inventory accounts. Provide Finance department with detailed analysis of perpetual inventory valuation to collateral valuation.
• Ensure all QAD accounting data associated with item master parts confirms to MPA policy. Includes item master parameters, standard costs, costing bills-of-material, site-specific set-up overrides, and routings. Review and approve QAD item master additions/modifications as well as the addition/modifications of associated accounts, generalized codes, QAD sites and others as needed.
• Maintain compliance with Internal Audit and Sarbanes-Oxley key controls.
• Submit recommendations for QAD improvements, reports, extracts, program errors.
• Respond to requests for cost data and analysis of labor and overhead spending that is capitalized into inventory valuation.
• Assist in the QAD activities portion of the annual multi-site physical inventory.
• Support the quarterly and annual external audits. Includes preparation and explanation of various PBC data requests.
• Assist Cost Accounting Manager as a resource to Operations regarding all cost accounting and inventory valuation issues, reporting and analysis.
• Perform other directly-related appropriate duties as assigned.
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, skill, and/or ability required.
Education/Experience:
• A minimum of 5 years of experience as an Inventory or Cost Accountant
• Bachelor's degree in finance or accounting required
• Experience with GAAP (Generally Accepted Accounting Principles) as they relate to non-GAAP standard cost systems and external reporting requirements.
• Experience with ERP software (QAD Enterprise Edition preferred).
• Advanced MS Excel skills with an emphasis on pivot tables, macros and functions
• Experience with Internal Audit and Sarbanes-Oxley requirements in relation to Cost Accounting and Inventory valuation.
• Bilingual Spanish/English a plus
If you meet the above qualifications, please submit your resume. Please note that while we appreciate all applications, only those being considered will be contacted.
💡 Quick Summary
Seeking a career-building opportunity? The Cost Accountant position is now open for candidates interested in the Accountant Jobs sector. This role in Torrance offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Accountant Jobs is a plus.
