Howmet Aerospace

Cost Accountant

Howmet Aerospace$72K — $95K *
Manufacturing & Automotive
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • BA degree in Accounting or Finance
  • 2+ years of Cost Accounting experience in a manufacturing environment
  • Expertise in financial reporting, cost accounting, budgeting, planning, and forecasting
  • Ability to manage multiple projects effectively within timelines and budgets
  • Proficiency in Microsoft Office Suite; familiarity with Infor Visual Manufacturing and Infor Global Financials is a plus

Responsibilities

  • Partner with various teams to enhance operational excellence
  • Manage cost accounting transactions ensuring compliance with accounting standards
  • Ensure accurate inventory valuation through detailed costing and analysis
  • Perform analyses to assist management in achieving cost reduction targets
  • Prepare daily and monthly Profit and Loss statements
  • Update standard costs for each work cell as required
  • Lead annual and quarterly physical inventory counts

Benefits

  • Opportunity for professional development and skills enhancement
  • Participation in financial decision-making and strategy formulation
  • Collaborative work environment with cross-functional teams
  • Exposure to LEAN initiatives and advanced costing systems
  • Ability to directly impact company financial performance
Full Job Description
Responsibilities

SUMMARY

Partners with operation teams to reduce costs and improve gross margin, manages inventory transaction accuracies to ensure no major inventory write-offs or write-downs. Provides timely update of cost rolls and manages the once-a-year cost roll with new rates.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Duties and responsibilities include the following. Other duties may be required and assigned at any time.
  • Partners with Operation Management, Manufacturing Engineering, Procurement, Outside Processing and Inventory Control to improve operation excellence
  • Manages cost accounting transactions to ensure compliance with US GAAP and Company Costing Policies and Procedures
  • Ensures inventory valuation accuracy through correct costing, analysis, and cycle count tracking
  • Performs analysis and support to Operation Management to achieve the cost reduction goals
  • Assists in the preparation of daily and monthly P&Ls
  • Reviews and updates standard costs for each work cell based on Company requirements
  • Prepares and effectively communicates margin analysis and reports to Operation Management
  • Assists in preparing costing data for major business decisions
  • Leads the annual physical inventory counts and quarterly mini counts
  • Assists Controller in developing financial forecasts, budgets, and operating plans
  • Assists in the evaluation and preparation of ERP upgrades
  • Participates and provides financial support in Theory of Constraints (ToC) and other LEAN initiatives
  • Provides other duties as needed and assigned.


Qualifications

EDUCATION AND/OR EXPERIENCE

A BA degree in Accounting or Finance

+2 years of Cost Accounting experience in a manufacturing environment

Expert skills in all accounting disciplines, including financial reporting, cost accounting, budgeting, planning and forecasting

A demonstrated ability to simultaneously administer and coordinate multiple, ongoing projects, ensuring that they are implemented effectively within targeted timelines and costs.

Good knowledge of Word, Access, Excel, Power Point, and other applicable tools. Knowledge of Infor Visual Manufacturing and Infor Global Financials is highly desirable.

COMPUTER SKILLS

Good knowledge of Word, Access, Excel, Power Point, and other applicable tools. Knowledge of Infor Visual Manufacturing and Infor Global Financials is highly desirable.

Microsoft Office Suite

Global Visual experience is a plus

LANGUAGE SKILLS

Ability to read and interpret documents such as safety rules, operating and maintenance instructions and procedure manuals. Ability to write routine reports and correspondence. Ability to speak effectively before groups of employees of organization, customers, and outside regulatory agencies.

MATHEMATICAL SKILLS

Ability to apply concepts of basic algebra, geometry, percentages circumference and volume

REASONING ABILITY

Ability to solve practical problems and deal with a variety of variables in situations where standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit and talk or hear. The employee frequently is required to use hands to finger, handle, or feel and reach with hands and arms. The employee is occasionally required to stand and walk. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, color vision, peripheral vision, depth perception, and ability to adjust focus.

WORK ENVIRONMENT

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually quiet.

PAY RATE

$72k - $95k depending on experience

About Howmet Aerospace

Howmet Aerospace is a global leader in engineered metal products. The company provides aerospace components, such as jet engine and industrial gas turbine components, as well as forged wheels for commercial transportation. Howmet Aerospace has a strong focus on research and development, and has been awarded numerous patents for its innovative products and processes. The company has a global presence, with operations in North America, Europe, and Asia. Howmet Aerospace was formerly known as Arconic Inc. and changed its name to Howmet Aerospace Inc. in April 2020.
Learn more about Howmet Aerospace
Size
19,900 employees
Market Cap
$16 billion
Industry
Net Income
$261 million
5 Year Trend
-16.7%
Revenue
$5.2 billion
NASDAQ

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