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Cost Accountant

Company: TC Transcontinental
Location: Elgin
Posted on: September 10, 2023

Job Description:

Job description and requirements
Cost Accountant, Elgin, IL
About this opportunity
The Cost Accountant is an integral member of the Plant Accounting Team and is responsible for all aspects of the physical inventory, month-end closing as it relates to inventory, journal entries, and manufacturing variances. The Cost Accountant drives continuous improvement efforts and makes recommendations for improvement.
What you will do
Analyze and evaluate weekly manufacturing variances including PPV, labor/OH absorption, WIP and inventory valuation and implement timely adjustments. Collaborate with the manufacturing operations to analyze variance and drive improvements.
Assist in developing standard costs for materials, labor and overhead.
Monitor collection and allocation of actual costs to work orders to ensure accuracy and compliance with company policies.
Reconcile the perpetual inventory before month end.
Assist with annual financial audits as it relates to inventory and standard costs.
Prepare month end journal entries manually & review for anomalies & inconsistencies.
Analyze and support inventory cycle counts to ensure accuracy and completeness. Follow through with Production Control to ensure that issues resulting from the cycle counts are properly resolved in a timely manner.
Coordinate the annual year-end physical inventory count and observation by external audit firm.
Prepare monthly inventory account reconciliations and identify why any unreconciled variances exist.
Assist in budget and forecast preparation and ensure timely completion.
Perform cost-benefit analyses as needed.
Investigate and report scrap on a monthly basis.
Review and reconcile the Gross Margin report monthly.
Run all month end reports and process inventory statistics.
Provide assistance where needed with month end close.
Assist in developing cost accounting procedures as needed.
What you have to offer
4-year degree in accounting, emphasis on managerial cost accounting preferred.
3-5 years of manufacturing accounting experience.
Strong analytical and problem-solving skills.
Great organizational skills, accuracy and attention to detail.
Excellent communication skills in the English language (reading, writing, listening and speaking).
Ability to work independently and in a team.
Proficient in Microsoft Office applications (focusing on Excel, Outlook & Word).
What we have to offer-
Opportunity to be part of a dynamic and highly motivating work environment where you can develop your potential and launch an exciting career.
Development opportunities where your input makes a difference.
A competitive compensation package, 401K plan and flexible benefits that are customizable to you and your family needs
Employee perks such as discounts from suppliers on various products and services such as insurance, wireless bundles, travel, and much more.
Do you enjoy working as a team and sharing your expertise? Are you someone who shows initiative and isn't afraid to venture into new areas? Do you have a drive to take existing processes to the next level? If so, we're looking for you!
TC Transcontinental Packaging, Making Impressions Count
TC Transcontinental is a leader in flexible packaging in North America. For over 40 years, TC Transcontinental's story has been one of innovation and transformation to meet our customers' evolving needs. Our strong family values, entrepreneurial spirit and long-term vision have always been at the heart of our success. With our 3 business sectors of Packaging, Print and Media, TC continues to grow, transform, and optimize while making impressions that count!
TC Transcontinental Packaging brings a distinctive blend of Art, Science and Technology to create flexible packaging that preserves our customers' products and accentuates their brands on the store shelf. The Packaging Sector has over 4,000 employees and 25 manufacturing facilities worldwide specializing in extrusion, printing, lamination, and converting of plastic products.
We share the Ellen MacArthur Foundation's vision of a circular economy for plastic, where plastic never becomes waste and have committed, by 2025, for 100% of our plastic packaging to be reusable, recyclable, or compostable. And most recently, we joined the United Nations Global Compact - a voluntary initiative of signatory companies committing to social responsibilities around human rights, labor standards and environmental protection. Y ou will join a high-performing team that is dedicated to sustainability and passionate about our people, operations, communities, and products.
Learn more about us
TC Transcontinental Packaging
Job status
Office address
1700 Big Timber, Elgin, IL, 60123
Job Type: Full-time
Salary: $60,000.00 - $70,000.00 per year
401(k) matching
Dental insurance
Employee assistance program
Flexible schedule
Health insurance
Life insurance
Paid time off
Parental leave
Tuition reimbursement
Vision insurance
Work Location: In person

Keywords: TC Transcontinental, Elgin , Cost Accountant, Accounting, Auditing , Elgin, Illinois

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