FERROTEC USA CORPORATION
Manufacturing Accounting Manager (Finance)
Ensures timely preparation and distribution of actual to budget cost center reports, divisional operating statements, inventory-related reports, and other miscellaneous month-end management reports including any necessary analysis, reconciliations and explanation of results for all reporting entities.
Responsible for cost accounting, inventory valuation, and reserves analysis for all locations.
In conjunction with the accounting management and under the direction of the West Coast Regional Controller, responsible for the implementation, and compliance with the company's system of internal controls.
Participates in the preparation of annual consolidated financial budgets (AOP) for all locations.
Communicates with appropriate department managers in order to complete daily, weekly, monthly and year-end reports for operations and corporate management.
Participates in strategy development in the operation to ensure financial integrity working closely with other departments improve functionality and reporting.
Pushes continuous improvement and best practices deployment throughout the operation.
Adheres to financial vision and strategies that are in alignment with the overall strategic direction of the corporation and in compliance with U.S. generally accepted accounting principles (GAAP).
Provides appropriate divisional analysis on trends, issues, and developments that could impact the operation.
Responsible for the annual budget process for Manufacturing, Cost and Inventory related items.
Responsible for the periodic comparison of actual results to budget, and reporting of those results to executive management.
In conjunction with the West Coast Regional Controller, responsible for the preparation of the quarterly and year-end audit through preparation of analyses of account balances, and explanation of the changes.
Responsible for the periodic review/internal audit of J-Sox compliance as it relates to Inventory Management throughout all locations, including streamlining of processes and controls as appropriate.
Assists Senior Management with special projects and completes other tasks as assigned.
Responsible for the accuracy and integrity of all inventory and production cost data for all locations.
Responsible for the maintenance of standard material costs.
Review, identify and monitor potential obsolete and excess inventory and calculate the necessary reserves for management's review.
Perform semi-annual review of labor and overhead rates to ensure proper pricing of the company's products.
Analyze the over/under absorption to determine whether adjustments (reserves) must be made to properly cost the inventory balances. In addition, analyze the reserves (labor, overhead, PPV) on a monthly basis and make the necessary adjustments.
Monthly review of work-in-process inventory and review of production jobs for completeness and timeliness of closure and the analysis of manufacturing variances on closed jobs (etc. material usage, labor).
Perform periodic cycle counts and evaluate the adequacy of the cycle count program.
Perform the quarterly warranty reserve analysis for management review.
Responsible for the training of any cost accounting related activities to employees at all locations.
Oversees the preparation and analysis of costing audits.
Identifies and examines costs inconsistent with projected values.
Point of contact regarding inventory and manufacturing for internal and external audits.