Within the framework of Seyer Industries’ policies and procedures, the Cost Accountant is responsible for performing advanced cost ascertainment, analysis, comparison, reconciliation and managerial reporting in a full absorption cost manufacturing environment; for developing activity-based costing and standard costing; and for overseeing and managing the financial aspects of inventory.

Principle Responsibilities:

• Perform cost analysis and cost accounting activities for manufacturing jobs and customer programs ensuring adherence to budgetary guidelines and financial forecasts.
• Monitor and analyze production costs, including direct labor, materials, overhead, and other expenses related to manufacturing processes.
• Collaborate with cross-functional teams to review project budgets, variances, and cost projections, providing insightful analysis and recommendations to optimize operational efficiency.
• Determine and monitor the valuation of inventory using appropriate costing methods
• Record and reconcile inventory transactions in ERP.
• Perform monthly and annual inventory reconciliations.
• Investigate and resolve discrepancies between physical inventory counts and system records.
• Analyze cycle count results and implement corrective actions to address discrepancies.
• Prepare detailed inventory reports, including inventory aging, turnover rates, and valuation summaries.
• Provide inventory-related data and analysis for financial statements and management reports.
• Coordinate and oversee the annual physical inventory count.
• Assist in internal and external audits related to inventory.
• Provide necessary documentation and explanations for inventory audit inquiries.
• Prepare monthly, quarterly, and annual financial reports related to manufacturing costs, ensuring accuracy and compliance with regulatory requirements.
• Develop and maintain cost standards for new and existing products, incorporating relevant data to support pricing strategies and profitability analysis.
• Conduct regular audits of cost accounting records and procedures to identify areas for improvement and implement corrective actions as needed.
• Support financial planning and forecasting activities by providing cost-related insights and participating in budget planning processes.
• Stay abreast of industry trends, regulations, and best practices in aerospace manufacturing cost accounting to enhance departmental effectiveness and efficiency.
• Actively develop and promote continuous improvement initiatives.
• Perform other duties and responsibilities as necessary to assure the overall success of the financial organization.

Educational Requirements:

Bachelor’s degree in Accounting, Finance or related field with advanced training in Accounting and Inventory Management

Qualification Requirements:  

• Minimum 5 years of cost accounting, preferably within aerospace manufacturing industry.
• Significant experience working with financial aspects of inventory management.
• Strong understanding of accounting principles (U.S. GAAP), financial analysis, and reporting standards.
• Proficiency in ERP systems required; Epicor Kinetic preferred.
• Advanced proficiency with Microsoft Excel for data analysis and reporting.
• Preference given to candidate with FAR cost accounting standards experience.
• Excellent analytical skills with the ability to interpret complex financial data and provide actionable insights.
• Ability to manage multiple tasks, prioritize objectives and duties, and to adapt to shifting priorities
• Team-oriented, self-motivated, enthusiastic about role.
• Effective communication skills with the ability to collaborate across different functional teams and present findings to senior management.
• Detail-oriented approach with a commitment to accuracy and a proactive mindset toward problem-solving.
• Ability to work under pressure and meet tight deadlines in a fast-paced environment.