Cost Accountant

Cost Accountant Location: Saxonburg, PA Luxfer Powders is a global leader in the development, manufacturing and supply of Magnesium and Zirconium based products and services to technology industries worldwide. The Magnesium Powders (“Powders”) business stream of LMT, based in the US, manufactures a range of magnesium powders and other ground materials for end-use in both military and commercial applications. It is a forward-thinking business with approximately 70 employees across three sites in the US, and we have a rewarding career opportunity for a Cost / Management Accountant to join our Finance Team, in a newly created role. Benefits: 10 paid Holidays Medical, Vision, Dental *Start on the 1st day of the following month after being hired 401k with Company Match Tuition reimbursement Disability and Life Insurance Career Advancement Opportunities You will be employed on a permanent contract, working predominantly Monday to Friday 8 a.m. to 4 p.m. primarily based at one of our manufacturing facilities in PA, US. The desire to travel regulatory between all Powders' East Coast US-based locations will be expected as part of this role. [Reword based in Saxonburg] Flexibility with working hours will be required due to the nature of the role. Summary: Reporting to the Powders Financial Controller, as the Cost Accountant you’ll play an integral role in period end reporting and ensure all inventory related provisions are posted in an accurate and timely manner. You’ll monitor, review and update standard costs in the current inventory models and accounting system, while liaising with the production managers on improving and streamlining manufacturing processes to evaluate costs. Your duties will include, although not be limited to: Maintenance and updating of standard costs, direct labor rates, overhead rates and other Completing cost roll-ups for new inventory codes Providing cost support for quoting, commercial scenarios, cost saving initiatives Providing analytical support for capital and other projects Implementing & building out a production/operations analytics capability Working with Operations and Finance to maintain inventory provisions (obsolescence, NRV, unrealized profit in inventory, other) Working with Operations and Finance on inventory controls, tracking movements, valuation, and analytics Transfer pricing analysis and variance analysis Supporting key projects Quarterly Reporting Yearly Reporting GL Review and account reconciliation Coordination of Annual Internal Audit Journal Entries as assigned Act as a backup to fill Staff accountant duties as needed The Powders business also plans to update its current inventory valuation methods to simplify the item master and streamline resource planning. The Cost Accountant will play a pivotal role in this process to ensure a smooth transition and sound implementation of inventory management. Our Requirements – Cost Accountant Proven experience as a Cost Accountant within the manufacturing industry and/or production control, commercial analytics, FP&A Bachelor's degree required At least 5 years of experience preferred Knowledge of BOMs and routings, transfer pricing calculations, Unrealized Profit in Inventory Provision calculations, inventory provisions and adjustments and year-end audit requirements IT literate, with intermediate to advanced knowledge of Microsoft Excel, and a high intellectual curiosity about business process automation, advanced modelling, “possibilities” with technology Experience of using ERP systems to manage inventory. Experience of having undergone the implementation of a new ERP system would be desirable. High level of attention to detail More about us: We are an innovative technology driven business where Customer First, Integrity, Accountability, Innovation, Personal Development and Teamwork are our core values. At Luxfer we are passionate about what we do; the products we develop and manufacture and our long-term partnership with our customers. We are committed to a safe, drug-free work environment and pre-employment drug screening, and background checks are required prior to starting. Candidates must be authorized to work it the U.S. Luxfer MEL Technologies is an Equal Employment Opportunity (EEO) employer and does not discriminate on the basis of race, color, national origin, religion, gender, age, veteran status, political affiliation, sexual orientation, marital status, or disability (in compliance with the Americans with Disabilities Act) with respect to employment opportunities. Women, minorities, and veterans are encouraged to apply. This position requires access to our export-controlled commodities, technical data, technology, and services. These items are restricted under the International Traffic in Arms Regulations (ITAR) to U.S. Citizens, Lawful Permanent Residents of the U.S., and properly licensed foreign persons. Therefore, employment is contingent on compliance with ITAR regulations and successfully obtaining and maintaining the necessary export authorization license from the U.S. Department of Commerce’s Bureau of Industry and Security, U.S. Department of State Office of Défense Trade Controls, or other applicable government agency. Candidates must be authorized to work in the US. of1r4iQqor