Cost and Inventory Accountant

Job Description

· Collects and analyzes data relative to the company’s operational costs.

· Partners with US cost accounting, sourcing, product development, and US/Vietnam operations teams on setting standard costs of manufacturing goods.

· Partners with US cost accounting team on establishing and maintaining all bills of materials.

· Investigates material usage variances and drives operational process changes to eliminate the variances.

· Investigates purchase price variances and works with the sourcing team to find cost effective solutions.

· Review and approve inventory cycle counts inter-month and period-end physicals in line with Company instructions, document results, and suggest process improvements to eliminate variances.

· Carry out cost-volume margin analysis and absorption impact modeling.

· Carry out labor cost impact modeling that aligns to demand planning forecasts.

· Support analysis and commentary of drivers behind variances, month to month vs. prior year, and forecast and budget.

· Review production variances (materials & labor) with management and help drive to root cause.

· Help investigations in weekly/monthly dashboard of spending, highlighting opportunities for improvement.

· Collate labor straight time and overtime daily and review with plant management.

· Partner in plant problem solving and Continuous Improvement (CI) teams as finance subject matter expert by providing manufacturing support and analysis in such areas as process performance, line efficiency, OEE, scrap reduction, E&O reduction and control, inventory carrying cost, capital spending, inventory management, customer service objectives, production costing, and cost reduction.

· Ad Hoc analysis and other tasks as assigned.

· Partners with sales, product development, US cost accounting, and operations to generate customer margin programs.

· Partners with operations implementing lean principles around the costs of goods such as administrative, labor, distribution, logistics, etc.

· Performs account reconciliations.

· Provides key monthly reporting on standard cost variances such as PPV, MUV, production variances, and labor variances.

· Assist in monthly and year end reporting processes.

· Assists Chief Accountant in the financial analysis of key business strategies and/or projects and make recommendations based on anticipated outcomes.

· Prepare reports which summarize and forecast business activity and financial position in areas of expenses based on past, present, and expected operations.

· Assist with preparation of budgets, review budget proposals, general ledger, forecasts, capital justification, and prepare necessary supporting documentation and justification.

· Provide management with timely reviews of organization's financial status and progress in its various programs and activities including capital approval and reporting.

· Compare and report on actual cost results vs. operating standards.

· Monitor production inventory costing and levels.

· Prepares audit reports on cost accuracy, bill of material accuracy, time studies, downtime, changeover efficiency, scrap factors, etc. and represents findings to management.

· Recommends process improvements and critical KPI’s to reduce waste and cost while driving margin improvement.

· Advises management on appropriate costing methods based on financial data.

· Performs other duties as required.

Job Requirement

Education

· Bachelor’s degree in Accounting, Engineering, Economics, or Finance.

Experience

· Minimum 3 years in the Accounting/Finance/Engineering Field within a manufacturing environment.

· Additional certification (CPA or CMA) is a plus.

· Standard cost accounting experience in a manufacturing environment.

· Bilingual in English and Vietnamese

· Global experience preferred.

· US Generally Accepted Accounting Principles (US GAAP) experience

Knowledge, Skills, & Abilities

· Ability to communicate clearly and succinctly, including the ability to effectively communicate up, down, and across the organization.

· Demonstrated record of continued career progression across broader, challenging roles.

· Demonstrated ability to closely and effectively collaborate with their cross functional colleagues to drive organizational priorities and results.

· Ability to quickly assess both cost risks and opportunities within complex business situations.

· Ability to function in a fast-paced environment.

· Operates with a clear bias for action.

· Ability to build business models to demonstrate volume absorption impact, S&OP modeling, critical KPI modeling, and other comparative cost modeling as required.

· Significant experience with ERP and Microsoft Office systems.

· Advanced Excel user.

· PowerBI development a plus.

Working Conditions

Environment

• Position is located in an office setting.

Essential physical requirements

· Must be able to walk the production floor, including prolonged periods of standing on the production floor.

· Prolonged periods of sitting at a desk and working on a computer.

· Must be able to lift 15 pounds at times.

Salary: $650-1,000 / month