Photonics Industries Inc · 1 week ago
Cost Accountant
Ronkonkoma, NY
Full-time
Onsite
Mid, Senior LevelPhotonics Industries Inc is seeking a Cost Accountant responsible for directing activities related to product costing and inventory valuation. The role involves performing month-end close activities, preparing financial analyses, and providing recommendations to senior management to support company goals.
ElectronicsManufacturing
Hiring Manager
Tina Yin
Responsibilities
Perform month-end close activities related to Inventory and COGs
Prepare actual vs. plan (budget) analysis related to COGs
Prepare various financial analyses related to manufacturing costs, inventory, and expense information for various customers as needed for decision-making support
Set up new raw material, packaging, WIP, and FG line items; Create and maintain production BOMs; Maintain periodic cost rolls/updates
Analyzes changes in product design, raw materials, manufacturing methods, or services provided, to determine effects on costs
Analyzes actual production costs and prepares periodic reports comparing standard costs to actual production costs
Maintain and analyze overhead/burden rates associated with Inventory and COGS via analysis and interface with Operations management
Records cost information for use in controlling expenditures
Prepares estimates of new and proposed product or service costs
Recommends cost efficiencies in new product layouts
Provides management with reports specifying and comparing factors affecting prices and profitability of products or services
Develop and maintain standard costs of finished goods and production components in a worldwide ERP system
Maintain and improve processes and controls associated with manufacturing costs and inventory valuation
Lead and manage periodic excess and obsolete inventory review process
Support and analyze metrics used to evaluate plant operational efficiency
Ensure validity and accuracy of ERP through analysis, internal audit, and coordination with inventory control, production, and work order processing
Lead efforts in establishing job and project cost accounting
Assist in developing and documenting policies and procedures, including system requirements and internal controls
Represent Finance/Accounting on teams designed to improve operations, reduce costs, etc
Other duties and responsibilities as assigned by your supervisor
Qualification
Required
Perform month-end close activities related to Inventory and COGs
Prepare actual vs. plan (budget) analysis related to COGs
Prepare various financial analyses related to manufacturing costs, inventory, and expense information for various customers as needed for decision-making support
Set up new raw material, packaging, WIP, and FG line items; Create and maintain production BOMs; Maintain periodic cost rolls/updates
Analyzes changes in product design, raw materials, manufacturing methods, or services provided, to determine effects on costs
Analyzes actual production costs and prepares periodic reports comparing standard costs to actual production costs
Maintain and analyze overhead/burden rates associated with Inventory and COGS via analysis and interface with Operations management
Records cost information for use in controlling expenditures
Prepares estimates of new and proposed product or service costs
Recommends cost efficiencies in new product layouts
Provides management with reports specifying and comparing factors affecting prices and profitability of products or services
Develop and maintain standard costs of finished goods and production components in a worldwide ERP system
Maintain and improve processes and controls associated with manufacturing costs and inventory valuation
Lead and manage periodic excess and obsolete inventory review process
Support and analyze metrics used to evaluate plant operational efficiency
Ensure validity and accuracy of ERP through analysis, internal audit, and coordination with inventory control, production, and work order processing
Lead efforts in establishing job and project cost accounting
Assist in developing and documenting policies and procedures, including system requirements and internal controls
Represent Finance/Accounting on teams designed to improve operations, reduce costs, etc
Extensive hands-on ERP system experience and working knowledge of SQL
Excellent analytical skills with a strong focus on accuracy and attention to detail
Excellent communication skills and high confidence in stating professional opinions
Strong grasp of GAAP accounting and general accounting concepts
Extremely strong Excel skills, especially in advanced financial modeling and analytical techniques
Demonstrated ability to streamline and automate complex processes
Company
Photonics Industries Inc
Photonics Industries International is the pioneer of intracavity harmonic lasers and is at the forefront of developing, manufacturing, and marketing a wide range of nanosecond, sub-nanosecond, picosecond, and femtosecond lasers for the industrial, scientific, defense, and medical sectors.
Founded in 1993
201-500 employees
Funding
Current Stage
Growth StageTotal Funding
$0.59M1999-12-09Grant· $0.45M
1997-02-17Grant· $0.14M
Company data provided by crunchbase