Staff Accountant - Manufacturing and Cost

Staff Accountant - Manufacturing and Cost

Reports to: Senior Manager of Manufacturing and Cost

Supervises: N/A

Summary Statement: The Staff Accountant is a key analytical role responsible for maintaining the integrity of manufacturing costs and supporting the financial accuracy of our production business units. This position focuses heavily on the lifecycle of product costing-from Bill of Materials (BOM) integrity to revenue recognition analytics. The ideal candidate will be a detail-oriented analyst who can translate operational activities into meaningful financial data, ensuring that our cost rollups, overhead rates, and variance analyses accurately reflect our manufacturing reality.

Essential Job Functions

• Manufacturing Cost Support: Collaborate with the Manufacturing Accounting Manager to perform cost rollups, update overhead (OH) rates, and conduct regular Bill of Materials (BOM) reviews and updates.
• Master Data Integrity: Manage the review and approval process for new and existing Item Numbers to ensure accurate system categorization and costing.
• Revenue Recognition & Analytics: Lead the analysis of revenue recognition to ensure compliance with accounting standards; provide detailed analytics on revenue trends and margin performance.
• Month-End Close: Execute month-end closing activities, including the recording of complex labor and benefit accruals and business unit financial reviews.
• Variance Analysis: Identify, research, and explain manufacturing variances (price, efficiency, and volume) to provide actionable insights to operations management.
• Business Unit Support: Assist in the financial review of specific business units, identifying trends and supporting managers with ad-hoc financial reporting.
• Research & Data Analysis: Perform deep-dive research into inventory discrepancies, costing anomalies, and financial fluctuations as requested by leadership.
• Internal Controls: Assist in maintaining and auditing internal controls related to inventory management and manufacturing processes to prevent fraud and waste.

Marginal Job Functions

• Assist other personnel as time and knowledge permit.
• Participate in training and meetings as requested.
• Perform other duties as assigned.

Skills, Knowledge, and Abilities

• Cost Accounting Foundation: Strong understanding of manufacturing accounting principles, including standard costing, absorption, and variance analysis.
• Analytical Rigor: Exceptional ability to manipulate large datasets and perform complex research to drive business decisions.
• Technical Proficiency: Advanced Excel skills (Pivot Tables, VLOOKUPs, Power Query) and experience with ERP systems (e.g., D365) are essential.
• Detail Orientation: High level of accuracy in managing BOMs and item setup, where small errors have significant downstream financial impacts.
• Communication: Ability to collaborate effectively with non-financial production staff to resolve costing and inventory issues.

Education and Work Experience

• A bachelor's degree in accounting or finance is required.
• 1-3 years of accounting experience, specifically in a manufacturing or distribution environment, is desired..

ISO 5.3 Organizational Roles, Responsibilities and Authorities

IFB employees have the responsibility and authority to ensure to produce first-quality products that meet customer requirements.

EEO Statement

In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification document form upon hire. IFB Solutions provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran status, and disability or genetics.