Cost Accountant I
Fruit of the Loom

Job Info

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Position Summary

The Cost Account I will be responsible for compiling production, recording accruals, preparing intercompany invoicing or inventory information to support the month end closing process. This position actively participates in the development and enhancement of published procedures, checklist and calendars and administrating the closing process. This role also includes compiling and analyzing preliminary and final month end cost and quarterly cost reports. Cost Accountant II will participate in the annual budgeting and standard setting process including analyzing and reviewing key information around material cost, standardized rates, pay structures, or spending patterns. This position will also participate in the annual physical inventory in a lead auditor role. This position requires coordination with general accounting, plant personnel, engineering, purchasing, payroll, and manufacturing.

Specific Responsibilities

Record and analyze financial information related to manufacturing and distribution operations for month end closing including administering and maintaining documented procedures, checklist, and calendars

Analyze and publish accurate cost reports to management both preliminary and final in compliance with established calendar including analytical comments to explain key information

Compile and analyze information to support product costing and/or inventory valuation

Coordinate monthly reconciliation reporting information from foreign locations or reconciliation of key accounts in US locations and participate in quarterly review process

Compile and Analyze information to support the annual budget process to establish (conversion costs, material costs, transportation rates, duty rates, turnkey rates, distribution costs, corporate overhead rates) product cost

Analyze closing results and document feedback to management

Compile and analyze key product cost information (bill of materials, standard allowed minutes) in the Cost system including resolving errors and reviewing for reasonableness

Participate in Physical Inventory; act as Lead auditor, if needed

Assist in special projects or requested cost analysis

The general responsibilities of the position and the time commitment may vary slightly based on requirements of each departmental area outlined below.

• Plant Accounting -The focus of this area is the manufacturing operations. This time commitment is more intensive on closing, reporting, quarterly reviews, and budgeting. Product costing will be primarily a byproduct of the budgeting process and will not be as intensive for this group. Inventory accounting will also be less intensive for this group other than participating in the annual physical inventory and monthly reconciliations.
• Turnkey, Distribution & Service Company -The focus of this area is accounting for turnkey production, distribution accounting and accounting for the US service companies. The time commitment is more intensive in closing, reporting, and analyzing purchase price variances, and balancing in-transit shipments. Product costing is a byproduct of building up turnkey cost and the budgeting for the service company departments and establishing service company overhead rates.
• Inventory Control - The focus in this area is accounting and reporting for movements between facilities, valuing finished goods, recording cost of goods sold, reconciling the general ledger to perpetual inventory reports, balancing in-transit reporting, and reviewing raw material price variances. The time commitment is more intensive on closing, reporting, revaluation, and physical inventory as this group administrates the physical inventory for the US supply chain.
• Product Cost -The focus of this area is developing and maintaining standard and current product cost, reviewing the engineered rates for key operations, research missing cost information, processing new style requests, performing updates to existing styles and, reviewing key cost elements for reasonableness. The position supports closing, reporting, and budgeting through ensuring standards available for production costing and inventory valuation.

Minimum Qualifications

• Bachelor's degree in Accounting
• Strong PC skills
• Oracle experience preferred
• Proficient in data query tools
• Strong verbal and written communication skills

Minimum Job Experience Required

Accounting or Cost Accounting experience preferred

Company Information

We offer competitive pay & benefits including medical, dental, vision, life, & disability insurance, vacation, holidays and 401k.

We are committed to creating a workplace where everyone is treated with respect and empowered to contribute equally. We want to foster a culture of belonging for all employees, and we are focused on attracting, retaining, and developing diverse talent. We believe our differences make us stronger, and for this reason, we are committed to diversity and inclusion practices in our organization

Qualified applicants will receive consideration for employment without regard to their race, color, religion, national origin, sex, protect veteran status, disability or any other protected status.

EOE/Minorities/Females/Vet/Disabled/Sexual Orientation/Gender Identity

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