Senior Cost Accountant

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Job description

Overview

Infiltrator Water Technologies (IWT) is a market leader within the onsite wastewater treatment industry, Infiltrator manufactures a variety of revolutionary products and innovative, environmentally friendly alternatives to traditional stone and pipe leachfield and concrete septic wastewater system components. IWT is a wholly owned subsidiary of Advanced Drainage Systems (ticker: WMS, NYSE).

The majority of our products are produced almost entirely from recycled resins. Infiltrator's recycling operation is among the country's top twenty producers / consumers of recycled resins and among only a few of whom consume 100% of that resin in the finished products produced. Infiltrator operates some of largest molding machines and robotics producing the largest plastic molded parts in the world. IWT has always and continues to compete on innovation; we hold over 200 patents.

Responsibilities

POSITION OVERVIEW:

The senior cost accountant is primarily responsible for budgeting, cost variance analysis and business process improvements. Success will depend upon displaying financial systems and application expertise, communicating effectively, prioritizing workload, and taking initiative in a fast-paced business environment.

CORE RESPONSIBILITIES:

Standard Cost Creation/Variance Analysis:

• Establish standard costs for a variety of SKUs by researching financial and operational data.
• Identify possible enhancements to the standard cost calculation and/or variance analysis processes.
• Using financial expertise, analyze system information to determine variance outliers, causes, and trends. Support operations managers in implementing corrective actions and counter measures to root causes.
• Using business knowledge, translate the information into clear and concise narrative variance explanation.

Budgeting:

• Develop a thorough understanding of the industry, company, materials, suppliers, customer product lines, manufacturing processes, machinery & equipment, and overhead.
• Utilize knowledge of the business to support the accounting department in developing the annual manufacturing budget.
• Develop supporting expense budgets schedules necessary for product and standard cost calculations.

Operational Reporting & Forecasting:

• Develop and Analyze KPI's
• Forecast mfg. costs and expenditures
• Capital investment analysis/preparation and productivity return analysis

Process Improvement:

• Leverage knowledge gained in budgeting and cost variance analysis to recommend accounting processes and business operations improvements.
• Build strong work relationships and support operating departments by performing financial and operational analysis used to make business decisions and improvements.
• Recommend cost savings initiatives and support operations in implementing changes and tracking results of improvements

Physical Inventory:

• Independently coordinate and facilitate with the operational managers, various physical inventory counts in accordance with company polices.

QUALIFICATIONS (must have):

BS in accounting/finance

5+ years of manufacturing experience

Strong understanding of Standard Costing

Must be proficient in MS Excel

Must demonstrate ability to identify and implement process improvements, be a self-starter, and effectively interact and communicate across multiple functions within the organization.

Must have strong communication (oral and written) and relationship building skills.

QUALIFICATIONS (beneficial):

Preferred experience cost accounting

Preferred experience with JD Edwards software system

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