Cost Accountant

Company: Mp Biomedicals
Location: Solon
Posted on: January 17, 2025

Job Description:

The Cost Accountant position manages costs, creates accurate and sustainable budgets, and improves operational efficiency.Duties and Responsibilities:Maintain Bills of Material, Item Master, related costing for part database including Calculation of Labor and Overhead Rates.Update Standard Cost annually and as needed when cost factors change.Analyze G/L to perpetual inventory at month and year-end close.Analyze, correct and value physical inventory.Evaluate, approve/disapprove inventory requisitions for need, profitability, variation from standard.Make recommendations for list price change, product phase-out when margins or MOQ are unworkable.Analyze WIP and work order variances both weekly and monthly.Analyze purchase price variance weekly, monthly.Analyze inventory obsolescence for reserve calculation.Monitor and evaluate inventory cycle counts and discards.Set up cost monitoring and reporting systems and procedures.Analyze daily inventory transactions for accuracy and incorrect costs and evaluate Work Order Variances and provide feedback loop to production.Perform cost savings analysis for proposed process improvements.Perform make vs buy analysis.Proactive analysis of variances and communication of issues and opportunities.Plan, manage and execute the annual physical inventory process.Annual government survey reporting.Other duties as assigned.Education and Experience:Bachelor's degree in Accounting or Finance.3-5 years of experience.Work Environment:Working in office environment.Some responsibilities occur in a warehouse and/or production setting. MP Biomedicals offers a comprehensive list of benefits including:Bonus PayMonthly Childcare CreditEmployee Referral ProgramPaid VacationPaid PTO Hours10 Paid Company Holidays per Year401k with Company MatchCompetitive Healthcare BenefitsCompany Paid Life Insurance and Short-term DisabilityHSAEmployee Assistance ProgramEmployee DiscountsFree breakfast on MondaysCatered Lunches Tuesday-FridayAnd so much more!Compensation details: 70000-75000 Yearly SalaryPI737bcc188ad7-25660-36506747

Keywords: Mp Biomedicals, Detroit , Cost Accountant, Accounting, Auditing , Solon, Michigan