Cost Accountant I

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 ACCOUNTANT Iat its corporate headquarters in Bowling Green, KY. The Cost Accountant I will be responsible for compiling production and inventory information, recording accruals, preparing intercompany invoicing to support the month end closing process in compliance with published procedures, checklists and calendars. This role also includes compiling preliminary and final month end cost reports and performing analysis on key balances. The Cost Accountant I will participate in the annual budgeting and standard setting process including compiling key information around material cost, standardized rates, pay structures, or spending patterns. This position will also participate in the annual physical inventory. This position requires coordination with general accounting, plant personnel, engineering, purchasing, payroll, and manufacturing. RESPONSIBILITIES/DUTIES Compile and record financial information related to manufacturing and distribution operations for month end closing complying with documented procedures, checklist, and calendars Compile and publish accurate cost reports to management both preliminary and final in compliance with established calendar Compile key cost information to support product costing and/or inventory valuation Maintain monthly reconciliation reporting information from foreign locations or reconciliation of key accounts in US locations Compile information to support the annual budget process to establish product cost(conversion costs, material costs, transportation rates, duty rates, turnkey rates, distribution costs, corporate overhead rates) Analyze closing results and reconcile key balances as directed Maintain key product cost information (bill of materials, standard allowed minutes) in the Cost system Participate in Physical Inventory Assist in special projects or requested cost analysis 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 QUALIFICATIONS 0-2 years of Accounting or Cost Accounting experience DETAILS We offer competitive pay & benefits including medical, dental, vision, life, & disability insurance, vacation, holidays and 401 k. Qualified applicants will receive consideration for employment without regard to their race, color, religion, national origin, sex, protect veteran status, disability or any other protected status. EOE/Minorities/Females/Vet/Disabled/Sexual Orientation/Gender Identity

Keywords: Fruit of the Loom, Bowling Green , Cost Accountant I, Other , Bowling Green, Kentucky