Senior Cost Accountant

Senior Cost Accountant
Stillwater, MN
Direct Hire
$90-110k

*Position is hybrid, 2-3 days remote per week (possibly more onsite days at month-end)
*Relocation package available for candidates interested moving (closer) to Stillwater

Kelly is seeking a Senior Cost Accountant to work for our client, a global leader in biotechnology, on a direct hire basis at their corporate office in Stillwater. This is an excellent opportunity to join a reputable and innovative organization that strives to improve the health and quality of people’s lives.

The Senior Cost Accountant will:

• Administer the company’s cost accounting system to ensure the integrity and accuracy of inventory values, quantities, and costs of sales
• Perform cost revaluations in accordance with company policy
• Design procedures to ensure new products are properly recorded in the inventory system
• Monitor and maintain reporting attributes for existing products
• Review manufacturing variances monthly and follow up for potential changes in bill of materials and/or routings
• Ensure completed work orders are reviewed and closed for accounting in a timely manner
• Interpret, execute, and recommend modifications to evaluate, design, and implement new costing systems
• Evaluate and enhance systems to increase efficiency (utilization of statistical process for physical inventories, and cycle counting of inventory, etc.)
• Develop and maintain monthly capitalized variance (Cap & Roll) methodology, documentation, and calculation.
• Partner with inventory personnel in performing cycle counts and periodic physical inventories
• Analyze data, chart results, and communicate results to the appropriate parties
• Assist inventory personnel to ensure proper accounting on manual movement types in SAP
• Complete annual analysis of standard costing, generating new standard costs in line with annual calendar year budget and forecasts
• Perform procedures to assure the timely and accurate close of month and year end results
• Ensure production results are accurately reflected in financial statements
• Prepare reconciliations over all inventory balance sheet accounts
• Communicate month and year end production results and make recommendations to appropriate personnel
• Support the year end external auditor in relation to production results and inventory values
• Prepare, analyze, and review the level of obsolescence to ensure the financial statements reflect the proper net realizable value of inventory
• Establish obsolescence reserve methodology based upon company policy in accordance with IFRS
• Provide training and assistance to operations personnel to enhance their understanding of all components of product costs and their understanding of the cost center reporting
• Analyze current trends and project future production results in order to identify and anticipate opportunities and issues.
• Assist in the preparation of the company’s annual operating plan with respect to inventory costing and margin analysis and trends
• Analyze inventory values and cost of sales to explain changes and trends
• Review, analyze, and explain spending variances
• Complete ad hoc reporting to support manufacturing team as needed
• Prepare monthly and quarterly managerial reporting as required to assist in explaining manufacturing activity and trends

• Bachelor's degree in Accounting or Finance preferred
• 5-10 years of experience in a manufacturing cost accounting system
• Expert in Microsoft Excel; familiarity with Microsoft Teams and Microsoft Suite
• Well versed using a financial ERP; SAP experience strongly preferred
• Advanced skills in mathematics and calculation, writing and documentation, analytical and ability to understand and communicate complicated issues/problems
• Verbal communication skills such as the ability to be diplomatic under adverse conditions; ability to be sensitive and respond with a sense of urgency to requests for information
• Problem solving ability such as the ability to utilize appropriate resources to resolve an issue; ability to follow an issue through to resolution