Senior
Barksdale, Inc. · Los Angeles, California
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Manage cost accounting month ends, inventory valuation, variance analysis, and standard cost updates for manufacturing products.
Worth knowing: Leads annual standard cost roll and coordinates physical inventory
JOB SUMMARY The Senior Cost Accountant manages the cost accounting function, including month-end close, cost analysis, and inventory valuation. Key responsibilities include preparing journal entries, ensuring accurate inventory valuation, maintaining the standard cost system, analyzing cost variances, and updating product costs. The role also involves collaborating with cross-functional teams, assisting with audits, and participating in ad hoc projects. This position requires strong analytical skills and effective cross-departmental collaboration. KEY RESPONSIBILITIES Daily/Weekly Responsibilities Oversee RPA-generated labor hours uploads into QAD. Review and approve Product Change Requests (PCRs/PCOs). Monitor item master records, update material cost for new parts. Manage sales channel setup for new product lines. Weekly analysis of Material Variances. Monthly Responsibilities Financial Close and Reporting Manage the month-end close process for cost accounting. Prepare and post journal entries related to inventory, cost of sales, reserves, and manufacturing activities. Perform balance sheet reconciliations for inventory and related accounts. Analyze manufacturing variances, including labor, material, overhead, and purchase price variances. Inventory Management and Analysis Review cycle count adjustments and ensure discrepancies are properly investigated and resolved. Review Work-in-Process (WIP) balances and resolve outstanding issues. Review monthly inventory adjustment tracking generated by Materials Manager. Monitor and assess financial risk related to inventory located in QA hold, Return-to-Vendor (RTV) and other holding locations. Perform inventory turn analysis by product line. Quarterly perform Lower of Cost or Net Realizable Value inventory analysis Reserve and Risk Analysis Lead Excess & Obsolete inventory review meetings with Product Managers. Monthly track the inventory items with highest E&O values (e.g. top 25%) and recommend actions to mitigate the risk. Identify inventory items at risk of becoming excess or obsolete and provide a rolling forecast for the next six months and beyond. Operational and Labor Analysis Upload temporary labor hours for month-end close. Prepare and distribute overtime dashboard reporting. Perform direct labor efficiency analysis. Prepare and distribute forecast accuracy reporting.
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