Cost Accountant – Manufacturing Inventory

Job Description

Cost Accountant I | Solmax

The Tone:
This is a full-time role at Solmax. Solmax is a company dedicated to maintaining and analyzing the financial integrity of general ledger, subsystems, and manufacturing data related to inventory. This Cost Accountant I position is crucial for upholding accurate financial records, supporting the forecasting and budgeting processes, and contributing to identifying opportunities for cost improvement across operations.

The TL;DR
• Role: Early Career
• Type: Full-time

• Mission: Owns the integrity of manufacturing and inventory financial data and assists in identifying cost improvement opportunities.
• Tech Stack: PC operations, Windows applications, Excel

What You’ll Actually Do
• Manage Standard Costing: Maintain the standard cost system for all manufactured products, ensuring accuracy and consistency in cost allocation.
• Oversee Inventory Accounting: Monitor and finalize manufacturing work orders into inventory, ensuring proper accounting for product flow and valuation.
• Perform General Ledger Reconciliation: Review, correct, and reconcile various general ledger accounts, specifically managing those associated with inventory and balancing them with inventory subsystems across multiple plants.
• Analyze Cost Variances: Manage and account for various reserves and expenses, including purchase price variance, standard revaluation, usage variances, and overhead variances.
• Support Financial Reporting & Planning: Prepare necessary journal entries, schedules, and reports for monthly operating report outs, and assist in preparing audit schedules and the annual budget.

The Must-Haves
• Background: Bachelor’s degree in accounting, establishing a strong foundation in general accounting principles and practices.
• Experience: 2-3 years of experience in accounting, with a specific background in manufacturing and standard cost accounting.
• Skills: Proficiency in PC operations, Windows applications, and Excel; excellent organizational and communication skills to manage tasks and interact effectively.