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Director of Accounting

Company: Creative Financial Staffing LLC
Location: Torrance
Posted on: January 10, 2022

Job Description:

We are seeking a Director of Accounting with deep knowledge of cost accounting and inventory principles. This role is responsible for setting up company-wide policies and framework around cost and inventory management, prepare data-driven analysis and share recommendations with top management. This person will report directly to the CFO and will be a hands-on player to determine and implement cost accounting procedures and methods. The Director of Cost Accounting will work in partnership with cross functional teams such as engineering, manufacturing, ERP/applications, and accounting teams to perform in-depth cost analysis. He/She will be responsible for applying advanced principles of cost accounting to conduct studies which provide detailed cost information not supplied by general accounting systems.

What You'll Do
Develop a set of framework and internal policies to determine manufacturing costs and report on standard costs to actual production costs. Create, maintain, and manage cost forecasting/reporting systems to ensure accuracy and visibility of project estimates and budgets to project scope/objectives
Create, monitor, and maintain a system of controls to track inventory including raw materials, WIP and finished goods
Proactively monitor labor and materials issuing and coordinate frequent recurring meetings with Production and Procurement to ensure the correct cost is issued per individual project built. Conduct quarterly labor hours analysis to identify and clarify deviations
Prepare & forecast costs to completion reports based on trends including productivity measurements, labor rate analysis, commitments, engineering changes, schedule impacts, and material cost variance
Create, monitor, and maintain a system of controls to track R&D expenditures by type and program vs. budget. Report on performance per project and per department by headcount, total cost, SG&A expenses monthly, QTD, YTD
Work closely with the Enterprise Application Manager to apply best practices in the existing information systems
Develop and own product process flows for quotations on new business opportunities. Prepare major customer program quotes, provide support with customer submission forms
Manage inventory reconciliations and ensuring accuracy, timely completion, and proper investigation and resolution of variances. Participate in inventory counts and monitor cycle counts
Support financial statement audits, and other compliance audits
Support strategic initiatives, e.g., long term business modeling and assessments of new business opportunities
Support employees training and report development for cross functional teams

What You'll Have
Bachelor's Degree in Finance, Accounting, or Business Administration
Deep understanding of GAAP including inventory and cost accounting principles. CPA preferred
8+ years of experience in cost finance modeling and cost accounting
5+ years of experience in the automotive industry or other manufacturing industry
Direct, hands-on experience with inventory tracking

Keywords: Creative Financial Staffing LLC, Torrance , Director of Accounting, Executive , Torrance, California

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