Cost Accounting Specialist

1 week ago


Cork, Cork, Ireland Tandem Project Management Ltd. Full time
Job Description

The Senior Cost Accountant will be part of a cross-functional accounting team, collaborating extensively with regional and global finance teams and technical operations teams. The ideal candidate will have experience in a multi-national organization and costing experience.

Responsibilities:
  • Month-end close responsibilities include appropriate treatment of operating overhead, balance sheet reconciliations in accordance with US GAAP and submission of close deliverables.
  • Accounting for manufacturing activity including material purchases, overhead absorption and contract manufacturing costs.
  • Ensure correct accounting for Buy/Sell entities and all intercompany inventory transactions, including calculating and recording Profit in Inventory (PII) eliminations.
  • Develop an understanding of material flow from bulk manufacturing through to fill/finish stage to ensure accuracy of inventory values.
  • Monitor production plans for bulk manufacturing and CMO activity to ensure accurate inventory valuation and completeness of overhead absorption.
  • Evaluate inventory balances for excess and obsolescence and determine need for inventory reserves.
  • Review and analyze inventory variances on a monthly basis and work with business functions to understand drivers.
  • Participate in the annual standard cost setting process.
  • Assist with preparation of consolidated financial management reporting for TOPS for balance sheet and P&L inventory areas.
  • Work closely with CMO, supply chain and manufacturing departments to ensure inventory accuracy at all locations.
  • Maintain internal controls in line with corporate standards, GAAP and Sarbanes Oxley requirements.
  • Collaborate with ERP and global finance teams to identify and introduce process enhancements to improve efficiency.

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