Inventory and Cost Accountant (FT) Job at Prysmian Group
Inventory and Cost Accounting Position
Position Summary:
Position Summary:
- This position is responsible for the accuracy and tracking of metal purchases, metals scrapped and metals pricing for product teams and sales.
- Also, this position is responsible for the ensuring the financial reports represent an accurate accounting of the Company’s distribution centers, third party and customer consignment inventories are accurate.
- The position seeks ways to improve current process to streamline and improve N.A. Corporate Inventory and Cost Accounting.
- The position also supports our standard costing process.
Nature & Scope:
- Reporting to the Manager, N.A. Inventory and Cost Accounting, the Senior Accountant is responsible for metals accounting which includes tracking PO receipts for approximately 50 million pounds of copper and 50 million pounds of aluminum on a weighted average cost and market basis as well as supporting internal and external reporting as required.
- This position has no direct reports, and interfaces primarily with accounting personnel and the business team.
- The Senior Accountant, N.A. Corporate Inventory is also responsible (and shared/cross-trained with another Senior Accountant) for ensuring the Company’s distribution centers, third party and customer consignment inventories are accurate.
- The position is also responsible for correcting standard cost issues.
- Monthly inventory reconciliations are performed to enable product team information for income statement and Balance Sheet internal reporting for month-end actuals.
- The position is responsible for ensuring Company cycle counting and consignment inventory procedures are followed as well as coordinating and conducting physical inventories.
- This position will identify areas of improvement in process to streamline and improve inventory accounting.
Specific Job Duties for Metal Accounting:
- Track’s receipt of metals via PU15.
- Prepares metals roll forwards on a monthly basis.
- Prepares journal entries for metals related accounts.
- Process scrap proceed receipts to receivables maintained by the plants.
- Reviews and monitors plant metals roll forwards on a monthly basis.
- Communicates with plants, vendors and the purchasing department regarding metal purchases, receipt verification and journal entries.
- Prepares metals account reconciliations on a monthly basis.
- Distribution center reporting and analysis
- Distribution center month-end accruals and accounting entries
- Performs other related duties as required
Specific Job Duties Shared/Cross-Trained with Another Senior Accountant:
- Performs inventory reconciliation between perpetual and general ledger for all U.S. Non-Mfg. inventory locations (RDC’s, stocking agents, consignments, third party warehouses and third party vendors).
- Establishes and monitors cycle counting processes in third party locations to ensure actions are underway if any issues surface.
- Coordinates and/or conducts physical inventories for all 23 Non-Mfg. locations (~$83 million).
- Support drop ship transactions, international intercompany, warehouse receipts/shipments for customer consignment inventories, revenue recognition and in transit reporting.
- Weekly and monthly reconciliation of major customer consignment perpetual inventory and receipt applications.
- Maintains RF Cycle Counting programs
- Reviews the M-T-D report of manual inventory adjustments and researches and ensures any issues are resolved before month-end close.
- Ensures all costing issues are fixed prior to month-end close and reporting requirements.
- Prepares the Sales & COGS perpetual vs. general ledger postings reconciliation.
- Establishes and maintains STD costs programs and processes that established STD cost for all part numbers for any monthly activity for all non-manufacturing facilities.
- Coordinates the annual STD Change process with operations.
- Compiles both reconciliation’s & suspense acct analysis.
Key Characteristics:
- Demonstrated track record leaning out processes to enable more timely and improved month end closes.
- Initiative in understanding all aspects of metals from physical and process flows to the impact of metals on GCC performance.
- Strong analytical skills
- Very good computer skills including SAP and Office 365 EXCEL functions.
- Excellent communication, interpersonal and follow-up skills, and ability to work with teams.
- Ability to learn quickly with accuracy and attention to detail.
- Strong accounting knowledge.
- Prior experience working with cross-functional teams.
- Experience in monthly closings and general ledger transactions
- Knowledge of inventory management, cycle counting, inventory physicals, and cost accounting.
- Accuracy and attention to detail
- Systems proficiency SAP
- Ability to work with minimal direction.
Qualifications and Experience:
- Bachelor’s Degree in Accounting.
- Minimum 3 years accounting
- Minimum 3 years in inventory accounting, preferably with a manufacturing company
- Minimum 3 years in cost accounting
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