Cost Accounting Salary in Alsip, IL

Cost Analyst Responsibilities:Oversee the operational aspects of the cost accounting systemScrutinize the financial performance of manufacturing activities, identifying deviations and initiating corrective measures to rectify adverse discrepancies in plant operations.Evaluate intricate data and analytics from consolidated and comprehensive sources, ensuring their accuracy and supplying relevant information to facilitate the decision-making process.Generate timely and error-free plant reports, adhering to established business and departmental standards for reporting. Ensure these reports are prepared in accordance with both internal and external guidelines and policies.Unearth opportunities for enhancing cost-efficiency.Input various inventory and cost-related journal entries during the monthly closing procedures in the United States.Participate in the formulation of benchmarks for material, labor, and overhead costs.MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.Bachelor's degree in Accounting, Finance, or a related fieldStrong cost and manufacturing experienceExcellent analytical and problem-solving skills, with a keen eye for detailProficiency in financial software and ERP systems (e.g., SAP, Oracle)Advanced proficiency in Microsoft Excel and other MS Office applications

Coordinate month, quarter, and year-end closing processes, including preparation of journal entries, account reconciliations, and financial reporting.Prepare accurate and timely financial statements, including balance sheets, income statements, and cash flow statements, with a focus on inventory and cost-related accounts.Implement and maintain internal controls to safeguard inventory assets and ensure compliance with regulatory requirements.Coordinate and oversee the annual external audit process, including the preparation of audit schedules and responding to auditor inquiries.Manage the end-to-end payroll process, including calculating wages, bonuses, and deductions, ensuring accuracy, and processing payments to employees.Stay up-to-date with federal, state, and local payroll regulations to ensure compliance with tax laws, wage and hour laws, and other relevant regulations.Prepare and file payroll tax returns and ensure timely and accurate tax payments to avoid penalties.Stay abreast of changes in accounting standards, regulations, and industry trends to ensure compliance with applicable laws and regulations.Lead and develop a high-performing accounting team, providing guidance, support, and professional development opportunities.MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.Bachelor's Degree in Accounting or FinanceCPA or MBA a plusManufacturing, logistics, or distrubtion experienceERP ExperienceAdvanced skills in Microsoft ExcelStrong verbal and written communication skillsAbility to multitask, prioritize, and organize efficientlyDesire to continue to grow through continuing training and developmentStrong attention to detail

Oversee and manage the general accounting functions, including, but not limited to accounts payable, accounts receivable, general ledger, and taxes.Ensure accurate and timely monthly, quarterly, and year-end close processes.Prepare financial statements, reports, and forecasts to provide to management for strategic decision-making.Develop and manage annual budgets and forecasts.Monitor and analyze financial performance against budgets and forecasts.Provide variance analysis and recommend corrective actions.Implement and manage cost accounting systems to monitor and control manufacturing costs.Analyze cost variances and recommend cost-saving measures.Collaborate with production teams to ensure accurate cost allocation and inventory valuation.Ensure compliance with all federal, state, and local financial regulations and reporting requirements.Coordinate and oversee internal and external audits.Implement and maintain internal controls to safeguard company assets and ensure accurate financial reporting.Partner with senior management to provide financial insights and support for strategic initiatives.Assist in the development and implementation of company policies and procedures.MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.Bachelor's Degree in Accounting or Finance5+ years of accounting experience2+ years of managerial experienceManufacturing industry or relevant industryCost experience nice to haveStrong verbal and written communicationUnderstanding and application of accounting principles/practicesProficiency in Microsoft Office Suite (Excel)Strong business partnering and communication skillsWorking knowledge of ERP systems

Cost Analyst Responsibilities:Oversee the operational aspects of the cost accounting systemScrutinize the financial performance of manufacturing activities, identifying deviations and initiating corrective measures to rectify adverse discrepancies in plant operations.Evaluate intricate data and analytics from consolidated and comprehensive sources, ensuring their accuracy and supplying relevant information to facilitate the decision-making process.Generate timely and error-free plant reports, adhering to established business and departmental standards for reporting. Ensure these reports are prepared in accordance with both internal and external guidelines and policies.Unearth opportunities for enhancing cost-efficiency.Input various inventory and cost-related journal entries during the monthly closing procedures in the United States.Participate in the formulation of benchmarks for material, labor, and overhead costs.MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.Bachelor's degree in Accounting, Finance, or a related fieldStrong cost and manufacturing experienceExcellent analytical and problem-solving skills, with a keen eye for detailProficiency in financial software and ERP systems (e.g., SAP, Oracle)Advanced proficiency in Microsoft Excel and other MS Office applications