Plant Cost Accountant

  • location: Elkton, MD
  • type: Permanent
  • salary: $70,000 - $75,000 per year
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job description

Plant Cost Accountant

job summary:
Plant Cost Accountant


Randstad Professionals is currently supporting a Global Manufacturer seeking an ambitious & driven Plant Cost Accountant to join their team. This role is open due to growth within the organization over several acquisitions. Qualified candidates should possess the following skills below:

location: Elkton, Maryland
job type: Permanent
salary: $70,000 - 75,000 per year
work hours: 9 to 5
education: Bachelor's degree
experience: 5 Years
Job Details:

  • Periodically post financial activity with corresponding manufacturing variances, researching excessive variances and coordinating any necessary corrections
  • Run processes for allocation utilities and indirect expenses to direct departments
  • Support preparation of manufacturing financial reports and analyzing key plant variance drivers including: PPV, cycle count, inventory adjustments, over/under absorption of overheads, etc.
  • Report monthly budget vs. actual expense reporting and explain variances to plant leadership
  • Analyze, report, & troubleshoot issues surrounding the weekly/monthly material yield reports for plant cost/operations.
  • Prepare analysis and report on monthly plant performance metrics explaining variances to standard/plan
  • Reconcile inventory quantities and dollars - Raw Material and WIP
  • Provide reporting on inventory adjustments, sampling, chemicals consumption, physical/cycle counts, scrap, write-offs and yield.
  • Actively participate in annual budgeting exercises
  • Assist in the compilation of departmental and work center budgets
  • Develop new standard costs for products based on budget and explain variances from previous standard
  • Periodically prepare cost absorption simulations depending on volume changes to determine P&L impact.
  • Monitor and track activity on active capital projects and provide monthly reporting to management at all levels.
  • Provide fixed asset listings and depreciation schedules as needed
  • Prepare monthly capital expenditure reconciliation to General Ledger
  • Work in conjunction with the Financial Analysis Team by providing financial analysis for special ad-hoc projects.
Job Requirements:

  • Bachelor degree in Finance/Accounting
  • 5 years of cost accounting experience in a manufacturing environment
  • Advanced skills in Microsoft Excel and proficient in Word, PowerPoint and Outlook
  • Experience in the use of large ERP systems
  • Knowledge of financial reporting software strongly desired
skills: Financial Reporting, Month-End Close, capital expenditures, Standard Cost/Cost Accounting Standards
Equal Opportunity Employer: Race, Color, Religion, Sex, Sexual Orientation, Gender Identity, National Origin, Age, Genetic Information, Disability, Protected Veteran Status, or any other legally protected group status.

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