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Cost Accountant

Company: Lufkin Industries
Location: Missouri City
Posted on: January 8, 2022

Job Description:

Job Purpose:

Responsible for completion and oversight of all financial areas related to inventory for the organization.

Key Accountabilities:

  • Oversee all financial processes related to inventory across consolidated Lufkin.
  • Analyze, manage, and review monthly and quarterly slow-moving inventory calculations for consolidated Lufkin.
  • Reconcile and or coordinate monthly reconciliation for all inventory related accounts and provide an overview and explanation of inventory adjustments
  • Coordinate with operations to make sure that policies and procedures regarding inventory are followed
  • Coordination and oversight of annual standard cost rolls
  • Prepare monthly bank borrowing base calculation related to inventory
  • Prepare and/or compile all 3rd party audit details and required documentation related to inventory
  • Produce daily, weekly, monthly, or quarterly reports, which include key metrics related to inventory such as DIO and Days turns.
  • Assisting in Month end close of the General Ledger prepare monthly, quarterly, and annual journal entries as required
  • Monitoring of cycle count program
  • Assist with physical inventories as required
  • Coordinate with 3rd party auditors for required physical inventory count observances
  • Other duties as required

    Required Education & Preferred Certifications
    • Bachelor's degree in Finance, Accounting, or related field
    • Experience in JD Edwards ERP system a plus
    • Minimum 2 years of Cost Accounting in a manufacturing environment
    • Strong working knowledge of Excel and power point
    • Excellent analytical, decision-making, and problem-solving skills

      Required Knowledge / Skills
      • Strong oral and written communication skills.
      • Strong interpersonal skills.
      • Ability to influence others and lead small projects.
      • Lead initiatives of moderate scope and impact.
      • Ability to coordinate several projects simultaneously.
      • Effective problem identification and solution skills.
      • Proven analytical and organizational ability.
      • Willingness to learn and identify ways to enhance the function

        Lufkins proud past extends back to the early 20th century when the Lufkin Foundry manufactured railroad and sawmill equipment. The company expanded soon after by pioneering oilfield pumping units in the 1920s. Today, Lufkin is a world leader in its field, providing precision-engineered oilfield equipment, products, and services to customers around the globe.

        Lufkin Industries is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.

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Keywords: Lufkin Industries, Missouri City , Cost Accountant, Accounting, Auditing , Missouri City, Texas

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