As we continue to grow, Daniels Manufacturing Corporation (DMC) is seeking a detailed-oriented and organized Cost Accountant to join our enterprise-wide accounting team. This position will play a crucial role in analyzing, reporting, and controlling costs associated with manufacturing operations with multiple entities and locations. This position will also collaborate closely with cross-functional teams to ensure accurate financial reporting, budget management and cost analysis.
This position is based in US (Orlando, FL), work in-office (8am-5pm Eastern time)
Essential Job Functions & Responsibilities
Cost Accounting
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Develop cost analysis and gross margin reports for management
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Review Infor Syteline job cost variance reports for potential efficiency gaps and/or material variances
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Support entities in reaching financial KPIs and strategic objectives
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Participate in cross functional meetings to address procedural and/or control issues pertaining to inventory movements and adjustments
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Analyze manufacturing costs of Raw Materials, Labor and Overhead, to identify trends, variances, and areas for improvement at all entities
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Monitor inventory shrink, scrap, and obsolescence and provide monthly summaries to senior management
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Prepare productivity KPI reports by manufacturing work center
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Track all direct and indirect labor hours by manufacturing job and work center
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Collaborate with engineering and production teams to update Bills of Material as required
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Review and audit all CEA (Capital Expenditure Authorizations) submissions for profit-improving
Projects
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Support engineering department for all cost savings and cost reduction projects
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Review outside processing expenses tied to jobs and report variances from expected purchase order approved amounts
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Assist with annual overhead rate calculation
Inventory Management
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Monitor inventory levels and valuation, ensuring accuracy and adherence to accounting standards
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Assist in reconciling physical inventory counts with system records and investigate discrepancies
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Monitor daily inventory cycle counts and address inventory items that are out of compliance
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Work closely with Inventory Manager and manage Cycle Count ABC codes in Infor Syteline
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Work closely with procurement and manufacturing to optimize inventory turnover and days of supply
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Analyze and reconcile off-site inventory for Amazon and off-site warehouse
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Support annual physical inventory for DMC manufacturing operations
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Help maintain Infor Syteline data fields for inventory adjustment reason codes
Financial Planning and Budgeting
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Assist in the preparation of budgets and forecasts related to cost of goods sold and manufacturing expenses (variable / fixed)
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Provide support for all planned and forecasted direct and indirect labor hours by work center
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Compile and provide support for all projected CAPEX for budgets and forecasts
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Develop metrics for forecasted and budgeted inventory shrink, scrap, and obsolescence
General Accounting and Ad-Hoc
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Prepare all monthly journal entries relating to inventory reconciliation and cost analysis
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Reconcile inventory general ledger control accounts to inventory subsidiary ledger (Raw Materials, WIP, and Finished Goods)
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Manage and maintain fixed assets and monthly depreciation schedules
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Provide support for Monthly Business Review relating to inventory metrics
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Assist with other balance sheet account reconciliations as assigned
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Assist with annual audit for all inventory reconciliations
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Bachelor’s degree in accounting, finance, or related field required
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Minimum of 3-5 years of experience in a manufacturing environment , with focus on cost accounting
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Proficiency in financial modeling and analysis
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Experience with ERP systems and accounting software (Infor Syteline, Oracle, SAP, MS D365, MS Excel)
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Excellent communication and interpersonal skills
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Ability to work independently and collaborate effectively with cross-functional departments
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Strong analytical and problem-solving skills
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Attention to detail and accuracy
Management reserves the right to assign or reassign duties and responsibilities to this job at any time.
EOE, including disability/vets
PI285281439
