Cost Accountant

job
  • Electron Energy Corporation
Job Summary
Location
Lancaster ,PA 17622
Job Type
Contract
Visa
Any Valid Visa
Salary
PayRate
Qualification
BCA
Experience
2Years - 10Years
Posted
15 Jan 2025
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Job Description

As the leading vertically integrated producer of rare earth magnets in the USA, Electron Energy Corporation is committed to delivering exceptional quality and reliability to our customers. Our innovative approach and dedication to excellence set us apart in the industry. We’re looking for talented individuals to contribute to our ongoing success.

In this combined role, you will oversee accounting, costing, and financial planning and analysis functions, ensuring compliance with various laws and regulations. You will prepare cost estimates for new or special products, develop financial plans, and support business leaders with strategic insights.


Cost Accounting

Design, implement, and execute cost accounting systems.

Deliver timely and accurate product costing, production analysis, and management reporting.

Establish, monitor, and review settings including labor, overhead, and run rates.

Set, maintain, and adjust landing costs for products sourced internally and with third-party suppliers.

Perform month-end close responsibilities including journal entries, account reconciliations, cost roll forwards, and other analyses.

-Ensure integrity of all related areas of financial statements and supporting schedules.

Lead monthly forecasting and annual budgeting efforts for responsible areas.

Provide ongoing analysis of cost of goods sold and gross profit vs. targets and prior year.

Provide technical accounting and business support for responsible areas.


Government Contracts

Manage Government and research institute contracts with respect to cost reimbursement, fixed price, incentives, etc.

Review bids and proposals to ensure they meet company policy and customer satisfaction requirements.

Identify potential contract issues and impacts on the business.

Provide direction to professional or technical staff on contractual matters.


Financial Planning and Analysis (FP&A)

Develop financial plans (annual budgets, quarterly re-forecasts, and long-range strategic plans).

Link analysis to strategic objectives.

-Support and partner with business leaders to provide insights through thorough analytical approaches.

Prepare monthly reporting packages for executive leadership, including earnings analysis, selected financial statements, and insights into key business trends.

Compare monthly actual results to forecast, budget, and prior year same period, providing specific business drivers and explanations for variances.

Analyze key financial indicators including earnings, ROE, and others.

Communicate and advise leadership on key metrics, drivers, risks, and opportunities.

Involve in the analysis of the company’s capital position relative to NAIC, rating agency, and other regulatory models' requirements.

Develop product line profitability monitoring.

Participate in monthly closing processes and prepare and post monthly journal entries.

Provide analytical support to accounting during the month-end close process.

Reconcile selected balance sheet accounts.

Participate in communication with external auditors.

Provide financial modeling, financial analysis, and valuation support for acquisitions, new product development, long-term contracts, and other ad-hoc financial projects as needed.


Process Improvement

Communicate risks and opportunities timely to the leadership team while proposing solutions to any costing or production challenges.

Maintain and update procedures for cost accounting and inventory control.

Conduct annual physical inventory and monitor cycle count adjustments.

Drive process improvements.


Minimum Qualifications:

Bachelor’s Degree in Accounting (required).

10 years of general accounting experience in manufacturing with at least recent 5 years in cost accounting (required).

Experience with government or institutional contracts.

Strong communication skills.

Proactive problem solver with excellent analytical ability.

Experience working with engineering and manufacturing personnel on development and analysis of cost standards.

Values and drives continuous improvement.

Ability to multitask and prioritize.

Advanced familiarity with Excel (required).

Knowledge of Epicor system is a plus.

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