Cost Accountant

Westfall Technik is a global holding company which provides innovative plastics manufacturing solutions to the healthcare, consumer package goods and light industrial vertical markets. The site locations, operating within the Westfall Technik enterprise, are internationally aligned with unmatched global reach in the industry. Our proprietary Stacked Integration Model enables us to operate leveraging a high degree of specialization, extensive capacities in end-to-end design, production and assembly, and first-class references in high-end manufacturing.

ONE WESTFALL

Competitive advantages such as vertical integration, speed-to-market and advanced manufacturing systems allow us to streamline our processes and be a complete solution provider positively impacting our customers' business. We are powered by experienced people with diversified capabilities and specialties. We pride ourselves in developing customized solutions with precision and care. So, while there is complexity to what we do; we simplify the process to deliver a customer experience that is enjoyable and easy; providing a single point of accountability.

ALL IN.

This simple phrase captures what Westfall Technik is all about. The statement embodies the company's commitment to total support, complete manufacturing capabilities and its bold approach. It is our internal rallying cry. It is our philosophy. Nothing half-hearted.

Associates (and Customers) can be confident that this mantra drives the organization to be nimble, scalable and comprehensive -no matter how complex the customers' challenge.

We look forward to having an interesting conversation with you.

SUMMARY OF ROLE

The Cost Accountant will be detailed oriented, organized, and excited about managing manufacturing cost and standards for improving business processes. This role will be responsible for the overall financial management of inventory for the company which involves the ongoing analysis of process constraints, target costing projects, margin analysis, and tracking costs back to underlying activities. Responsibilities will involve defining and maintaining the standard costing system, meeting deadlines for processing information, answering questions and financial reporting requirements.

DUTIES AND RESPONSIBILITIES

• Maintaining the cost accounting standards as defined in company cost accounting policy.
• Implement procedures and tasks that drive compliance with cost accounting policy for all manufacturing sites.
• Drive costing system to identify issues and gaps in that are fixed daily to maintain costing integrity.
• Finance signoff on new and updated Bills of Materials ensuring proper setup is flowing through a resulting proper standard cost.
• Develop monthly/quarterly/annual standard cost updates and ensure that changes are controlled and updated as needed.
• Manage the Westfall cycle count process.
• Establish and implement the Labor and Overhead rates used in standard costing.
• Facilitate cost accounting policy updates as appropriate for approval through operations and corporate accounting.
• Plans, studies, and collects data to determine costs of business activity, such as raw material purchases, inventory, and labor and analyze the impact of those costs on the operational entity.
• Analyzes changes in cycle, scrap, product design, raw materials, manufacturing methods, or services provided, to determine effects on costs and implement appropriate changes to Bills of Materials.
• Support capital request analysis where cost-benefit analyses and process improvements related to inventory costing is incorporated in the ROI.
• Analyzes the effects of changes in materials, methods, or equipment in the overall productivity.
• Support site finance teams in the month end process related to inventory standard cost analysis related to monthly activities.
• Main contact for financial audits for all requests related to company cost accounting policy, process and procedures.

• MINIMUM REQUIREMENTS AND QUALIFICATIONS
• BA/BS Degree (Accounting or Finance) preferred.
• Minimum of 5 years of cost accounting experience preferred.
• Highly analytical with cost-efficiency at the forefront.
• Strong working knowledge of accounting and manufacturing cost accounting principles and a thorough understanding of GAAP.
• Experience with IQMS Standard Costing Methodology a plus.
• Strong inter-personal, verbal and written communication skills.
• Ability to multi-task in fast paced environment with competing priorities.
• Highly responsible, self-motivated and able to thrive in an energetic, fast-paced, creative environment. Possess excellent communication skills (written, verbal, presentation and interpersonal).
• Strong work ethic and the ability to work effectively independently and in a team environment.
• Ability to meet agreed upon deadlines.

ESSENTIAL FUNCTIONS AND PHYSICAL DEMANDS

• While performing the duties of this job, the employee is regularly required to sit. The employee frequently is required to talk or hear. The employee is occasionally required to stand; walk; and use hands to finger, handle or feel objects, tools or controls.
• The employee must occasionally lift and/or move up to 20 pounds. Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception and the ability to adjust focus.
• The noise level in the work environment is usually minimal.

Westfall -Technik is an Equal Opportunity Employer that does not discriminate on the basis of actual or perceived race, color, national origin, ancestry, sex, gender, gender identity, gender expression, pregnancy, childbirth or related medical conditions, religious creed, physical disability, mental disability, age for individuals age 40 and over, medical condition (as defined by state law (for example, cancer or genetic characteristics or HIV/AIDS), marital status, military and veteran status, sexual orientation, genetic information, citizenship status or any other characteristic protected by federal, state or local law. Our management team is dedicated to this policy with respect to recruitment, hiring, placement, promotion, transfer, training, compensation, benefits, employee activities and general treatment during employment