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Sr. Cost Accountant

STI Holdings, Inc. Careers
Machesney Park, Illinois, United States
Closing date
Dec 6, 2023

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Job Role
Contract Type
Full Time
This position is a Business Partner to the Plant Manager(s) and provides financial analysis of plant operations so appropriate financial decisions can be made, especially on cost controls and reductions.

Essential Duties and Responsibilities
  • Prepares, communicates, Measures, and understands key business unit operating metrics and compares to established goals
  • Perform weekly cycle count audits
  • Execute Standard Cost Variance Analysis and reporting
  • Perform month end Inventory Process and reconciliations for locations assigned
  • Help drive and manage Mid-year and Annual Physical Inventory Process for locations assigned along with report outs of metrics
  • In cooperation with Plant Manager(s), manage overhead, and direct labor spend for locations assigned
  • Perform Scrap Analysis
  • Support the workflow and be a team member for Capital projects teams, acting as a liaison to the plants for project justificaitons
  • Participate in Lean Kaizen Events as the key accounting personnel
  • Works with plant personnel to coordinate and support monthly forecasting of plant spend
  • Provide backup for costing of new items and attends the ECR meeting
  • Supporting, tracking, monitoring, and controlling of all financial related initiatives at the plant
  • Perform monthly close of select plant balance sheet accounts including inventory, inventory reserves, plant accruals, etc. as well as ensuring P&L accuracy and matching principals
  • Analyze monthly results with Plant Manager(s) and participate in monthly management reviews of locations
  • Provide controllable spend analysis weekly to plant managers
  • Execute special projects as directed by Accounting and Plant Management
  • Provide finance leadership presence and support at the locations assigned
  • Perform posting of transactions to the GL for timely cut off
  • Assist in annual Cost Roll
  • Perform review and analysis of OH and Labor rates in order to set yearly rates
  • Perform analysis on Margins by job and report to top management
  • Support annual audit and work with external auditors
  • Support plant personnel with PO Requisitions for correctness, costing, dept and account #
  • Member of the Cost down team and assists plant team to identify and track cost savings projects
  • Provide Labor and OH analysis monthly to the Plant manager

Above is a list of the most important responsibilities and functions, which are essential to the position. Employees must be able to perform these essential functions satisfactorily with or without a reasonable accommodation. Accommodations will be evaluated and provided to eligible employees on a case by case basis, depending on the employee's medical restrictions, work availability, the nature of the position, the position's essential functions and other relevant factors.

  • Education: Bachelor's degree in Accounting; Master's degree a plus
  • Licenses/Certifications: CPA preferred; CMA preferred
  • Knowledge, Skills, & Abilities:
    • Should have 6+ years of experience including cost accounting experience
    • Strong Microsoft Office suite skills required.
    • Advanced Excel skills required.
    • Experience in a manufacturing accounting environment preferred
    • Experience in multi-plant, multi-location environment desirable
    • Exceptional verbal and written communication skills
    • High level problem solving, and analytical skills required
    • Exceptional personal initiative and desire to drive consistent improvement
    • Ability to thrive in a fast-paced environment.
    • Ability to work within a team environment and highly functional not just as a leader but also as a team member
    • Ability to quickly learn and utilize various software applications and financial tools
    • Must have strong work ethics during high volume periods, including month and year-end close, and the budgeting season. Experience with Syteline preferred
  • Core Competencies:
    • To perform the job successfully, an individual should demonstrate the following competencies to perform the essential functions of this position:
    • Analytical-the individual synthesizes complex or diverse information including BOM cost review and evaluation
    • Problem solving-the individual identifies and resolves problems in a timely manner and gathers and analyzes information skillfully.
    • Technical skills-the individual must possess strong US GAAP accounting knowledge related to normal business/manufacturing operations.
    • Oral communication-the individual speaks clearly and persuasively in positive or negative situations, demonstrates group presentation skills, and conducts meetings.
    • Management skills- makes self-available to plant staff for financial management consultation; skills include financial evaluation of plant staffing levels and efficiencies in conjunction with plant management, decision-making, facilitating process improvement including streamlining and automation.
    • Quality management-the individual looks for ways to improve and promote quality and demonstrates accuracy and thoroughness.
    • Judgment-the individual displays willingness to make decisions, exhibits sound and accurate judgment and makes timely decisions.
    • Planning/organizing-the individual prioritizes and plans work activities, uses time efficiently and develops realistic action plans.

  • Orientation

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