DiaSorin Looking for Senior Cost Accountant at Stillwater, MN  Full Time

• Administer the company’s cost accounting system to ensure the integrity and accuracy of inventory values, quantities and costs of sales.
  • Perform cost revaluations in accordance with company policy.
  • Design procedures to ensure new products are properly recorded in the inventory system.
  • Review manufacturing variances monthly and follow up for potential changes in bill of materials and/or routings. Initiate and/or recommend proper changes.
  • Ensure completed work orders are reviewed and closed for accounting in a timely manner.
  • Monitor and maintain part numbers in Oracle.
  • Assist in evaluating, designing, and implementing new costing systems.
  • Evaluate and enhance systems to increase efficiency (utilization of statistical process for physical inventories, and cycle counting of inventory, etc.)
  • Develop and maintain FIFO methodology documentation and calculation.
  • Assist inventory personnel in performing cycle counts and periodic physical inventories. Analyze data, chart results and communicate results to the appropriate parties.
  • Assist inventory personnel to ensure proper accounting on manual movement types in Oracle.
  • Review Gross Margin Report weekly to ensure all material costs are being properly reported.
  • Develop and maintain inventory reserve calculation on a monthly basis
  • Data entry for car stock cycle count adjustments
  • Complete annual analysis of standard costing, generating new standard costs in line with annual calendar year.

• Perform procedures to assure the timely and accurate close of month and year end results.
  • Ensure production results are accurately reflected in financial statements.
  • Communicate month and year end production results and make recommendations to appropriate personnel.
  • Prepare, Report, and Explain to external auditors year end production results and inventory values.

• Prepare, analyze, and review the level of obsolescence to ensure the financial statements reflect the property net realizable value of inventory
  • Establish obsolescence reserve methodology based upon sound accounting principles in accordance with GAAP
  • Interact with appropriate personnel in gathering required information
  • Analyze and interpret study results to determine future exposure (i.e., financial impact)
  • Create and update as necessary adequate documentation to support obsolescence reserve methodology.

• Provide training and assistance to operations personnel to enhance their understanding of all components of product costs and their understanding of the cost center reporting.

• Analyze current trends and project future production results in order to identify and anticipate issues/exposure areas. Communicate these findings and make recommendations to appropriate personnel.
  • Assist in the preparation of the company’s annual operating plan with respect to inventory costing and margin analysis and trends.
  • Analyze inventory values and cost of sales to explain changes and trends.
  • Review, analyze, and explain spending variances.
  • Complete ad hoc reporting to support manufacturing team as needed
  • Prepare monthly and quarterly managerial reporting as required to assist in explaining manufacturing activity and trends.

Education, Experience, and Qualifications