Cost Accountant

Job Summary

Under general supervision, responsible for conducting moderately complex cost audits and preparing and analyzing cost reports. Analyzes cost records to ascertain distribution of costs of various divisions of management and production. Classifies labor, material and overhead costs to compute the unit cost of product or service. Records cost data for use by management in controlling expenditures. Determines and installs cost accounting methods and procedures. Analyzes actual costs versus standard costs and explains variances. Prepares estimates of new or proposed product costs. Handles special projects, as assigned.

Job Duties/Responsibilities

• Prepare weekly reporting to analyze sales margins based on actual costs incurred versus expected costs.
• Production order analysis of actual job cost versus expected cost.
• Analyze data to determine costs of business activity such as inventory and labor costs.
• Monitors physical inventories and cycle count program providing support to enhance the process.
• Reconciles finished, WIP, raw goods inventories, and other project accounts monthly. Report changes to the components and quantities that make up inventory monthly.
• Assisting in the month-end close of General Ledger specifically to cost, manufacturing, and inventory but also other areas that might be assigned to enhance departmental controls.
• Partners with operations on accounting for POC projects including, tracking actual job costs, working with the Project Manager to capture the monthly POC forecast in the overall plant forecast, preparing the monthly POC entries, reviewing completed projects, and ensuring that all costs are captured to the job and job-related inventory movements are properly captured.
• Support initiatives for process improvements such as cost accounting, expense analysis, and margin analysis or other opportunities.
• Support special projects or financial analysis when needed.

Skills/Knowledge

• Possesses and applies a knowledge of cost accounting principles and practices in a manufacturing environment.
• Strong skills with Excel
• Familiarity with business processes and products.
• Must be detail-oriented and ability to work in a fast-paced environment.
• Industry experience required.

Education

• Bachelor's Degree in Accounting / Finance or equivalent.

Experience

• 7+ years of experience in cost accounting or a Master's Degree with 5+ years of experience.
• Experience with an ERP

About FET

FET (Forum Energy Technologies, Inc.) is a global company, serving the crude oil, natural gas, and renewable energy industries. FET is headquartered in Houston, TX with quality manufacturing, efficient distribution, and service facilities conveniently located to support the major energy-producing regions of the world. Forum’s products and services range from the underwater reservoir to the refinery, from the sea floor to the above-ground transportation line. We pride ourselves on giving you a comprehensive offering of solutions to maximize your operations and improve your bottom line. Our customers are our partners and we work with them to solve their ever-changing challenges.

FET is an Equal Opportunity Employer. FET does not discriminate based on race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status, or other characteristics protected under federal, state, or local law. All employment decisions and practices at FET are subject to the foregoing non-discrimination provisions and are based solely on merit, competence, performance, and business needs at the time.