The Inventory Accounting Analyst is responsible for supervises steps to ensure that inventory valuation and product cost transactions impacting financial reports are monitored, controlled and posted to the materials ledger and general ledger. The Inventory Accounting Analyst works closely with Operational Planning and Resource Management and other functions to understand product cost and inventory valuation trends, planning and optimization efforts.
- Process new materials costing. Create additive cost estimates, mark and release cost estimates, and execute and monitor costing runs.
- Execute product costing period end close by monitoring all product costing and inventory valuation batch jobs.
- Perform results analysis related to product cost and product revenue.
- Review product cost lines, relate with business key indicators and provide cost variance analysis, highlighting opportunities or negative trends.
- Prepare balance sheet reconciliations for relevant accounts and certify completeness.
- Supervise outsourced transactional inventory accounting and perform complex transactions.
- Maintain activity rates for the manufacturing process. Calculate and update future planned activity rates and define the period during which the new rates will become effective.
- Review cost center absorption by making sure all costs in overhead cost centers have been allocated to production orders.
- Process product costing and production order settlement, monthly material ledger close and REM annual standard cost update.
- Understand and comply with Sarbanes-Oxley requirements.
Public Accountant
Finance
Business Administration
