Senior Cost Accountant

At PennEngineering, we innovate and collaborate to make the world a better place. You can contribute to work that matters with a company where diversity, equity and belonging are shared values. We're committed to fostering an environment for every employee that's welcoming, respectful and inclusive, with great opportunity for professional growth. Find your future with us.

PennEngineering is seeking a motivated, excited, individual to be a part of the PennEngineering Team. As the Senior Cost Accountant at PennEngineering, you'll collaborate with teams that do truly amazing things.

Join us as we build the future in Manufacturing and Engineering!

Perks and Benefits:

• Medical & Employer Paid: Dental and Vision
• Parental Leave
• 401k and Employer Match
• Paid time off and holidays
• Tuition reimbursement
• Paid On the Job Training
• Performance incentive bonuses
• Community Volunteering
• Talent Referral Bonus Program
• Employee Centric Culture
• Company Provided Technology (laptop, phone, monitors for office and home environment)

WHAT YOU WILL DO:

In-depth knowledge of cost accounting within a manufacturing company and fully understands the building of a standard cost, adept at variance analysis (e.g. PPV / MUV / Conversion Cost) and fully understand the link between manufacturing operations and costing.

• New product standard cost establishment – review and approve accuracy of product structure and routing file before updating base, current and going-to cost
• Review daily engineering changes – review and evaluate cost implications of engineering changes to routing and/or product structure
• On a daily, weekly and monthly basis review, analyze and report variances –of purchase price, material usage, outside operation, labor price, labor usage/efficiency and factory overhead efficiency to Operations, Finance and Plant management and assist with corrective action planning
• Working with the Controller, achieve daily visibility to manufacturing personnel (in the office & on the shop floor). Attend manufacturing production meetings; participate in manufacturing departmental staff meetings; test assumptions by observing production on the shop floor; develop relationships to ensure effective communication lines
• Review, analyze and report scrap and shrink
• Monitor work orders – ensure completed work orders are being closed correctly and in a timely fashion
• Prepare monthly customer and product line contribution margin report
• Ensure the operation of a robust cycle counting policy in support of maintaining a high level of inventory accuracy
• Play a central role in the annual manufacturing budget process, including raw material, outside operations, standard labor and overhead rate calculations
• Prepare for and successfully carry out the year-end standard cost roll
• Critically examine pricing structures within the business and make recommendations to protect and improve profitability
• Support the Controller on new sales opportunities margin analysis
• Be a part of project teams that aim to improve performance and deliver on process improvements and cost saving initiatives
• Other duties as assigned

Requirements:

WHAT WE ARE LOOKING FOR:

• Bachelor's degree in accounting or finance; advanced degree preferred
• Certified Management Accountant (CMA) preferred
• Minimum five (5) years' work experience in a manufacturing environment
• Significant experience working with manufacturing teams on development and analysis of cost standards
• Strong computer experience utilizing spreadsheet, word processing and database software
• Prior experience utilizing ERP software, preferably JD Edwards. SAP, BAAN, or Oracle is also acceptable
• Ability to plan and complete assignments within deadlines
• Ability to follow complex oral and written instructions
• Ability to prepare and present complex written reports
• Ability to perform standardized and statistical computations

Our commitment to Diversity, Equity and Belonging (DEB) endeavors to create a safe space for all employees and customers, regardless of age, race, sex, gender identity, national origin, or religion. We lift up voices and opinions by creating a respectful work environment where difference is valued, and we are doing our part to build towards a greater society where diverse points of view are celebrated.