Cost Accountant

Luxfer Magtech - Saxonburg • Jefferson Township, PA

1d • Onsite

About The Position

Luxfer Powders is a global leader in the development, manufacturing and supply of Magnesium and Zirconium based products and services to technology industries worldwide. The Magnesium Powders (“Powders”) business stream of LMT, based in the US, manufactures a range of magnesium powders and other ground materials for end-use in both military and commercial applications. It is a forward-thinking business with approximately 70 employees across three sites in the US, and we have a rewarding career opportunity for a Cost / Management Accountant to join our Finance Team, in a newly created role.

You will be employed on a permanent contract, working predominantly Monday to Friday 8 a.m. to 4 p.m. primarily based at one of our manufacturing facilities in PA, US. The desire to travel regulatory between all Powders' East Coast US-based locations will be expected as part of this role. [Reword based in Saxonburg] Flexibility with working hours will be required due to the nature of the role.

Reporting to the Powders Financial Controller, as the Cost Accountant you’ll play an integral role in period end reporting and ensure all inventory related provisions are posted in an accurate and timely manner. You’ll monitor, review and update standard costs in the current inventory models and accounting system, while liaising with the production managers on improving and streamlining manufacturing processes to evaluate costs.

The Powders business also plans to update its current inventory valuation methods to simplify the item master and streamline resource planning. The Cost Accountant will play a pivotal role in this process to ensure a smooth transition and sound implementation of inventory management.

Requirements

• Proven experience as a Cost Accountant within the manufacturing industry and/or production control, commercial analytics, FP&A
• Bachelor's degree required
• At least 5 years of experience preferred
• Knowledge of BOMs and routings, transfer pricing calculations, Unrealized Profit in Inventory Provision calculations, inventory provisions and adjustments and year-end audit requirements
• IT literate, with intermediate to advanced knowledge of Microsoft Excel, and a high intellectual curiosity about business process automation, advanced modelling, “possibilities” with technology
• Experience of using ERP systems to manage inventory. Experience of having undergone the implementation of a new ERP system would be desirable.
• High level of attention to detail

Responsibilities

• Maintenance and updating of standard costs, direct labor rates, overhead rates and other
• Completing cost roll-ups for new inventory codes
• Providing cost support for quoting, commercial scenarios, cost saving initiatives
• Providing analytical support for capital and other projects
• Implementing & building out a production/operations analytics capability
• Working with Operations and Finance to maintain inventory provisions (obsolescence, NRV, unrealized profit in inventory, other)
• Working with Operations and Finance on inventory controls, tracking movements, valuation, and analytics
• Transfer pricing analysis and variance analysis
• Supporting key projects
• Quarterly Reporting
• Yearly Reporting
• GL Review and account reconciliation
• Coordination of Annual Internal Audit
• Journal Entries as assigned
• Act as a backup to fill Staff accountant duties as needed

Benefits

• 10 paid Holidays
• Medical, Vision, Dental Start on the 1st day of the following month after being hired
• 401k with Company Match
• Tuition reimbursement
• Disability and Life Insurance
• Career Advancement Opportunities

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 11-50 employees