Senior Cost Accountant

Company: Boston Semi Equipment
Location: Billerica
Posted on: June 19, 2022

Job Description:

About Boston Semi EquipmentBoston Semi Equipment LLC (BSE) is a worldwide test automation products and services company. We design and manufacture highly engineered capital equipment used in the semiconductor industry to enable the testing of integrated circuits. Our hardware products are used by many of the world's leading device manufacturers and outsourced semiconductor assembly and test providers to support volume manufacturing, research and development, and specialized test applications. BSE has a global footprint with two repair centers in Asia and field service personnel in Asia, Europe, and the U.S.Senior Cost AccountantThis is an exciting new position residing at the center of our business operations. As Senior Cost Accountant, you will have a range of responsibilities involving product costing, gross margin analysis, and inventory management. This position will be a bridge between the company's accounting, engineering, and production teams and requires an individual who possesses an advanced understanding of cost accounting, attention to detail, and precise organizational skills. The appropriate candidate will be comfortable communicating across the organization and able to influence outcomes by being a proactive team contributor.Key duties:

• Work closely with our accounting, engineering, and manufacturing engineering teams to establish the costing of new BOMs and incorporate costing changes to existing BOMs.
• Work closely with our production and manufacturing engineering teams to understand assembly processes and ensure that process steps are accurately reflected in the company's BOMs.
• Analyze production costs and establish key performance metrics.
• Develop cost standards for materials, labor, and overhead.
• Identify costing issues and recommend changes.
• Analyze materials usage and labor utilization rates.
• Monitor and analyze cost of goods sold and gross margins by product and in the aggregate.
• Monitor and analyze manufacturing variances to understand root causes, propose correcting journal entries (when required), and identify areas for improvement.
• Oversee and manage controls over the company's physical inventory.
• Oversee the company's annual physical inventory count and daily cycle counts.
• Interface with the company's auditors, as needed, concerning inventory, BOM's, variances, margin analyses, and related matters.
• Assist the Corporate Controller with month-end closing activities pertaining to inventory
• Assist the Corporate Controller with month-end closing activities pertaining to inventory (closing work orders, proposing adjustments, variance analysis, etc.).
• Prepare financial models and documentation to support the company's burden rate.
• Prepare analyses and documentation to support the company's reserves for potentially obsolete and excess inventories.
• Maintain the company's cost accounting systems and materials ledger.
• Work with Production, Engineering, and Materials Planning teams to ensure adherence to sound accounting practices and company policies.
• Prepare monthly reconciliations of inventory (raw materials, work-in-process, and finished-goods).
• Develop and track the cost side of the company's R&D projects working with the company's Engineering team.
• Communicate and forecast R&D project cost variances to permit corrective actions.Key skills:
  • Prior work experience, as a manufacturing cost accountant, is required to assume the duties of this role. Prior experience with complex product BOMs is highly desirable.
  • Proficient working with and learning MRP software systems. Prior experience with Epicor desirable.
  • Proficiency in Excel.
  • Professional work ethic.
  • Extends professional courtesy to everyone and is attentive to sound business practices.
  • High energy and collaborative approach, but comfortable working as a single contributor when necessary.
  • Precise documentation skills and the ability to formulate, propose, and implement recommendations for corrective actions.
  • Must be able to read, write, and communicate effectively in English.Other requirements:
    • Must be willing and able to work full-time at the company's Billerica facility Monday through Friday (40 hours per week).
    • Must be willing and able to work overtime when needed.
    • B.S. degree in accounting.
    • A minimum of 8 years prior work experience in accounting, with at least 3 years in the cost accounting area.
    • Must be eligible to work in the United States.Job Type: Full-timeEdit jobOpenView public job page

Keywords: Boston Semi Equipment, Billerica , Senior Cost Accountant, Accounting, Auditing , Billerica, Massachusetts