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Cost Accounting Supervisor

Company: Fruit of the Loom
Location: Bowling Green
Posted on: June 12, 2021

Job Description:

DESCRIPTION/JOB SUMMARY FRUIT OF THE LOOM,an independent, wholly owned subsidiary of Berkshire Hathaway Inc. & leading international basic apparel company, has an immediate opening for aCOST ACCOUNTING SUPERVISORat its Corporate Headquarters in Bowling Green, KY. The Cost Accounting Supervisor is responsible for managing the accounting and reporting for assigned locations as part of the month end close process including quarterly reviews and key account reconciliation. This Cost Accounting Supervisor will handle a group of logical locations based on the region or area of the supply chain. The Cost Accounting Supervisor will oversee the accumulation and analysis of production and inventory information including the monthly reports generated during the closing process. The Cost Accounting Supervisor will ensure published procedures, checklists and calendars are accurate and updated timely. This role also includes reviewing preliminary and final month end cost reports and performing/directing analysis on key balances. The Cost Accountant Supervisor manages the annual budgeting and standard setting process based on area of focus including reviewing key information about material cost, standardized rates, pay structures, or spending patterns. This position will manage a region or area of the supply chain during the annual physical inventory. RESPONSIBILITIES/DUTIES Manage month end close process for a region or area of the supply chain ensuring documented procedures and check list are completed accurately and timely. This includes performing detailed reviews of the assigned region for accuracy and reasonableness directing analysis on key trends and developing variance explanations. 20% Manage the development and publishing of key inventory and cost reports for the assigned region reviewing for accuracy prior to publication to management in compliance local and corporate reporting requirements. 15% Manage the accumulation and analysis of key product cost information based on area of focus including budgets, new product costs, as well as cost changes to existing products. 15% Manage monthly reconciliation reporting information from foreign locations or reconciliation of key accounts in US locations 10% Manage the annual budget process to establish product cost(conversion costs, material costs, transportation rates, duty rates, turnkey rates, distribution costs, corporate overhead rates) 10% Review month end results and related analytical explanation for reasonableness and resolve any outstanding questions. 10% Manage region or area of supply chain physical inventory including development of instructions, lead auditor responsibilities, and analysis of results. 10% Manage special projects or requested cost analysis 10% The general responsibilities of the position and the time commitment may vary slightly based on requirements of each departmental area outlined below. PLANT & DISTRIBUTION ACCOUNTING-The focus of this area is the manufacturing and distribution operations. This time commitment is more intensive on closing, reporting, quarterly reviews, and budgeting. Product costing will be primarily a byproduct of the budgeting process and will not be as intensive for this group. Inventory accounting will also be less intensive for this group other than participating in the annual physical inventory.TURNKEY & SERVICE COMPANY-The focus of this area is accounting for turnkey production and accounting for the US service companies. The time commitment is more intensive in closing, reporting, and analyzing purchase price variances, and balancing in-transit shipments. Product costing is a byproduct of building up turnkey cost and the budgeting for the service company departments and establishing service company overhead rates.INVENTORY CONTROL- The focus in this area is accounting and reporting for movements between facilities, valuing finished goods, recording cost of goods sold, reconciling the general ledger to perpetual inventory reports, balancing in-transit reporting, and reviewing raw material price variances. The time commitment is more intensive on closing, reporting, revaluation and physical inventory as this group administrates the physical inventory for the US supply chain.PRODUCT COST-The focus of this area is developing and maintaining standard and current product cost, reviewing the engineered rates for key operations, research missing cost information, processing new style requests, performing updates to existing styles and, reviewing key cost elements for reasonableness. The position supports closing, reporting, and budgeting through ensuring standards available for production costing and inventory valuation. REQUIRED EXPERIENCE 6-8 years of Accounting or Cost Accounting experience REQUIRED QUALIFICATIONS Bachelor degree in Accounting Strong PC skills Oracle experience preferred Proficient in data query tools Strong verbal and written communication skills

Keywords: Fruit of the Loom, Bowling Green , Cost Accounting Supervisor, Other , Bowling Green, Kentucky

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