Cost Accountant

Company: Volt
Location: Fowler
Posted on: October 27, 2024

Job Description:

8am-5pm Summary:The Cost Accountant is responsible for overseeing daily accounting operations, ensuring that financial transactions are recorded accurately and in line with company policies and Generally Accepted Accounting Principles (GAAP). This position plays a critical role in developing and maintaining cost accounting standards, preparing financial reports, and providing detailed analyses to support management decision-making.Duties and Responsibilities:

• Cost Accounting Responsibilities

• Develop and maintain cost accounting standards, ensuring accurate cost classification and reporting.
• Conduct inventory reserve analysis to assess potential adjustments in inventory valuation.
• Collaborate with the Controller to recommend policy or procedural improvements.
• Accumulate and allocate overhead costs in accordance with company guidelines.
• Review depreciation rates, labor, and overhead costs, suggesting policy changes to improve financial outcomes.
• Estimate costs for new and proposed products, providing financial insight into pricing and profitability.
• Generate and analyze Purchase Price Variance (PPV) reports to identify discrepancies and drive cost improvements.
• Establish and update standard costs, ensuring they reflect current market conditions.
• Maintain and review the general ledger, reconciling balance sheets to ensure financial accuracy.
• Analyze raw material costs, creating cost-benefit analyses for potential vendor changes.
• Prepare and present management reports comparing factors that influence pricing and profitability.
• Assist in month-end financial close, including the preparation of monthly journal entries.
• Participate in audits and general ledger preparation, ensuring compliance with internal and external regulations.
• Assist in the coordination and completion of physical inventories.
• Analytical Responsibilities
  • Conduct ongoing process constraint analyses, identifying potential improvements in production efficiency.
  • Report on breakeven points for products, work centers, and plants to inform management decisions.
  • Analyze and report on product margins by division, helping to identify profit centers and areas for improvement.
  • Investigate and report on periodic variances, identifying their root causes and suggesting corrective actions.
  • Analyze capital budgeting requests, assessing their financial impact and alignment with company goals. Qualifications:
  • Education and Experience
    • Bachelor's degree in accounting or business-related field from a 4-year college or university.
    • Minimum of 2 years of cost accounting experience, with a solid understanding of accounting principles and cost systems.
    • Strong analytical and problem-solving skills, with meticulous attention to detail.
    • Proven ability to work under pressure and meet tight deadlines.
    • Experience working both independently and as part of a team.
    • Excellent report-writing, communication, and IT skills, particularly with spreadsheets.
    • English Language Skills
      • Ability to read, analyze, and interpret financial documents, including financial statements, general ledgers, and journal entries.
      • Capable of writing detailed reports, business correspondence, and procedure manuals.
      • Strong verbal and written communication skills to present financial information effectively.
      • Mathematical Skills
        • Ability to calculate discounts, interest, commissions, proportions, and percentages.
        • Proficiency in basic algebra, geometry, and statistical methods for data analysis.
        • Capable of plotting data and constructing graphs for detailed analysis and reporting.
        • Reasoning Ability
          • Strong problem-solving skills, with the ability to collect data, establish facts, and draw valid conclusions.
          • Ability to interpret technical instructions and information in written, mathematical, and graphical form.
          • Other Requirements
            • Advanced experience with spreadsheet applications, including data analysis and financial modeling.
            • Intermediate or higher experience with Internet search engines for research and data gathering.
            • Employment history should reflect a proven ability to achieve measurable results. Shift: 1st Pay: $18-$28 Pay range offered to a successful candidate will be based on several factors, including the candidate's education, work experience, work location, specific job duties, certifications, etc.Qualified candidates should APPLY NOW for immediate consideration! Please hit APPLY to provide the required information, and we will be back in touch as soon as possible.Benefits: Volt offers benefits (based on eligibility) that include the following: health, dental, vision, term life, short term disability, AD&D, 401(k), Sick time, and other types of paid leaves (as required by law), Employee Assistance Program (EAP).Volt is an Equal Opportunity Employer and prohibits any kind of unlawful discrimination and harassment. Volt is committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment on the basis of race, color, religion or belief, national origin, citizenship, social or ethnic origin, sex, age, physical or mental disability, veteran status, marital status, domestic partner status, sexual orientation, or any other status protected by the statutes, rules, and regulations in the locations where it operates. If you are an individual with a disability and need a reasonable accommodation to assist with your job search or application for employment, please email or call (866) -898-0005. Please indicate the specifics of the assistance needed.Volt does not discriminate against applicants based on citizenship status, immigration status, or national origin, in accordance with 8 U.S.C. - 1324b. The company will consider for employment qualified applicants with arrest and conviction records in a manner that complies with the San Francisco Fair Chance Ordinance, the Los Angeles Fair Chance Initiative for Hiring Ordinance, and other applicable laws. Volt is acting as an Employment Agency in relation to this vacancy.

Keywords: Volt, Turlock , Cost Accountant, Accounting, Auditing , Fowler, California