Job Description Stepan Company’s Millsdale Plant (Elwood, IL; Joliet area) has a job opening for a Sr. Cost Accountant. This position reports to the Millsdale Sr. Finance Manager and is responsible for overseeing inventory integrity & controls at the site and ensuring the accuracy of our standard costs. Working closely with Operations, this position will lead inventory cycle counting and production variance reporting (material, OH, shrink, & scrap), as well as champion identified corrective actions and recommended process changes. Strong analytical and problem-solving skills will be utilized daily. Responsibilities: OVERSEE INVENTORY INTEGRITY AND CONTROLS• Perform monthly cycle counts, investigate variances, and post adjustments.• Ensure effective controls & accuracy over inventory movements, inventory reporting, and production order close-out.• Correct or follow-up on SAP inventory errors as reported by Operations, or as identified throughout other duties.• Review & report on area production variances (material, shrink, & scrap); Determine root causes and potential corrective actions; Work to adjust standards as necessary.• Prepare consigned inventory reconciliations. ENSURE PROPER PRODUCT COSTING• Perform bill of material and overhead standard cost reviews to ensure product standard cost accuracy; Recommend updates, as necessary.• Review monthly cost explosion for reasonableness and manage exceptions.• Analyze plant absorption and identify necessary corrections; Work with Operations to implement changes. ACCOUNTING REPORTING• Prepare closing journal entries including accruals, reclasses for cost accounting & other reporting purposes, corrections.• Review and analyze monthly expenses to ensure alignment with expectations.• Complete assigned General Ledger Account reconciliations. VALUE CREATION / PROCESS IMPROVEMENT• Be an active leader in looking for ways to bring value through continual improvement to the organization as it pertains to inventory and expense reporting processes. • Work as a site change agent to streamline and improve processes in cooperation with plant staff.Qualifications
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