Cost Accountant/Financial Analyst- 1st shift

R Are you an expert in cost accounting and financial analysis with a knack for driving process improvements and providing valuable insights? Electron Energy Corporation is seeking a skilled professional to join our team as a Senior Cost Accountant and Financial Analyst in our Finance Department. About Electron Energy Corporation: 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. 1. Safety and Risk Management - Wear required PPE and adhere to safety precautions. - Lead by example to drive a safety-first culture. - Identify and coordinate safety training for employees. - Ensure all safety devices and procedures are utilized for safe operation within the department. - Accountable for the safety of all personnel within the department. 2. 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. 3. 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. 4. 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. 5. 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. Accountability of Employees: - Use best efforts and full capability to achieve assigned outputs. - Inform the manager in time for adaptive action when circumstances prevent achieving outputs. - Advise the manager on helpful ideas. - Seek special dispensation from the manager when unable to work at best capacity. 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. Mandatory Role Requirements: 1. Knowledge/Education/Certification - Requires a college degree or equivalent, plus specialized training, certification, or education. 2. Experience - Requires more than ten years' experience. 3. Role Complexity - Involves diverse data gathering and frequent judgments; activities varied, conditions changing, requiring considerable knowledge of restricted field for executing actions; significant impact of errors on the company. 4. Foresight/Planning - Through creative idea generation and goal-setting, this role will significantly impact processes, conserve assets, control costs, and facilitate action. 5. Responsibility for Accuracy - Mistakes may affect operations or production and result in dissemination of inaccurate information or obliging the company to take moderate or significant financial loss. 6. Decision Making - Offers advice and recommendations to senior management, develops and implements operating procedures, and is responsible for results of large numbers of employees' work. 7. Contacts with Others/Communications - Requires frequent verbal communication of a routine nature with other departments, but primary responsibility rests with the supervisor. Regular written communication such as reports, memos, email, and forms required. 8. Supervision Received - Virtually all work is done independently, with considerable decision-making responsibility; accountable for own errors to senior management or customers; significant to major effects on the company. 9. Responsibility for Company Assets - Average responsibility for equipment used; may handle small amounts of petty cash or have responsibility for cost reduction. 10. Responsibility for Machines, Equipment, and Systems - Requires average proficiency in most of the above, plus Outlook, database, and/or other software systems, including Paradigm or Docstar. 11. Responsibility for Confidentiality - May occasionally have access to confidential information, such as legal documents and business/financial data. Damage exposure to company is minor. 12. Hazards & Working Conditions - Low to moderate potential for minor injuries such as cuts or bruises. 13. Mental & Physical Demands - Role requires periodic physical and continuity of effort with some stress due to a diversity of problems or distractions which interfere. Apply Now: If you are ready to bring your expertise in cost accounting and financial analysis to a dynamic team, apply for the Senior Cost Accountant and Financial Analyst position at Electron Energy Corporation today! Electron Energy Corporation, as a U.S. Government contractor and/or subcontractor, shall abide by the requirements of 41 CFR §§ 60-300.5(a) and 60-741.5(a). These regulations prohibit discrimination against qualified individuals on the basis of protected veteran status or disability, and require affirmative action by covered prime contractors and subcontractors to employ and advance in employment qualified protected veterans and individuals with disabilities.

Created: 2024-11-19