Cost Accountant - LCLA at Lotte Chemical USA Corporation

Westlake, Louisiana, United States -

Full Time

Start Date

Immediate

Expiry Date

29 Jan, 26

Salary

0.0

Posted On

31 Oct, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Cost Accounting, Budgeting, Financial Analysis, Excel Skills, ERP Systems, General Ledger Functions, GAAP, IFRS, SOX Regulations, Analytical Skills, Project Management, Customer Focus, Multi-tasking, Microsoft Office Suite, Database Systems, Communication Skills

Industry

Chemical Manufacturing

Description

Position Summary This position performs advanced cost accounting analyses to compare estimated costs to actual costs, prepares a variety of related budgets and forecasts, analyzes financial data, manages costs, and provides insights to improve profitability within the organization. Essential Job Functions * Gathers and compiles cost information and maintains database concerning expenses * Develops systems and procedures for accumulation systems and/or cost accounting functions * Predicts, plans, and records variable costs such as purchases of raw material, labor, and operation costs * Accounts for fixed and variable costs in relation to the overall direct cost of manufacturing processes; establishes cost of manufacturing processes such as administration, labor, shipping, maintenance, and raw materials * Collects and analyzes operational cost data; constructs systems and processes to accumulate and monitor data * Determines and sets standard costs of manufactured goods; develops and analyzes cost standards; analyzes and reports cost-volume-profit analysis; designs formulas; calculates fixed and variable costs for manufacturing * Reviews and analyzes actual costs to identify inaccuracies; compares receipts with actual charges to detect inaccuracies * Prepares necessary departmental and company-wide budgeting reports; reviews, analyzes, and reports actual profit margins * Assists with budget planning; prepares reports for multiple departments and companies * Reports asset utilization and audit results to management; recommends changes in operations and financial activities * Prepares forecasts for monthly, quarterly, and/or annual operating schedules and costs * Analyzes month-end and year-end reports; identifies and recommends cost-effective improvements * Predicts, plans, and records variable costs such as purchases of raw material, labor, and operation costs * Reviews and analyzes actual costs to identify inaccuracies * Follows all Generally Accepted Accounting Principles (GAAP); adheres to International Financial Reporting Standards (IFRS) as required * Enters data in appropriate ERP system/s; verifies data * Recommends changes to work processes and policies to reduce cost and maximize profit * Projects profit margins for upcoming quarters and analyzes trends of highs and lows * Assists with preparation of financial statements, balance sheets, and cash flows as necessary * Abides by all safety procedures and practices applicable to location and position; participates in appropriate safety training; demonstrates commitment to and support of EHSS principles and values; champions safety at all times; participates in and/or leads safety teams or projects as appropriate * Performs other duties assigned by management that generally fall within the expected scope of this position Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time. This description reflects management’s assignment of essential functions. It does not proscribe or restrict the tasks that may be assigned. Experience & KSA’s Required * Minimum of 3-5 years as a Cost and/or Plant Accountant or equivalent experience and education * Prior experience with chemical manufacturing and related industries * Expertise in activity-based costing for fixed and variable costs in relation to the overall direct cost of a line of products * Experience with creating spreadsheets and analyses; excellent Excel skills * Knowledge of ERP systems and various financial programs * Experience with general ledger functions and month-end/year-end close process * Proven ability to operate under stressful situations * In-depth knowledge of business, Company policies, rules, regulations and processes and procedures * Excellent analytical skills and abilities; project management skills * Working knowledge of U.S. GAAP; general knowledge of IFRS rules * Experience with companies required to follow SOX regulations; good knowledge of internal controls and ISO procedures * Customer focus including the ability to speak diplomatically; problem solver * Ability to multi-task, prioritize, and follow through on assignments * Good computer skills including Microsoft Office Suite; ability to use database systems and other programs and applications used by this position and at Company * Fluent in English language including reading, writing and speaking; ability to read and write at a minimum of high school level; ability to clearly communicate to all levels in organization Education Requirement * Bachelor’s Degree in Accounting, Finance or related field * CPA desirable * Advanced degree helpful Competencies * All Company Core Competencies Work Environment The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This employee generally works in an office environment, away from extremes of cold or heat. Limited to no exposure to noise and vibrations other than normal daily office sounds. The noise level in the work environment is usually moderate. The employee should not have regular exposure to fumes, odors, toxic conditions, dust or poor ventilation. If sited at a plant, at any time as well as during a construction period, the employee could be exposed to loose dirt, construction zone areas, additional safety zones, and other plant related environmental characteristics. Physical Demands The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to walk, sit, speak and hear. The employee is required to stand, use hands to finger, handle, or feel; reach with hands and arms; the employee may be required, on occasion, to climb or balance, stoop, kneel, or crouch. The employee may occasionally lift and/or move up to ten (10) pounds. Specific vision abilities required by this job include close vision, peripheral vision, depth perception and ability to adjust focus. Employee must be able to sit for long periods of time and work at a computer station. Employee may be required to travel by car, air, train, or other modes of transportation.

Responsibilities

The Cost Accountant performs advanced cost accounting analyses, prepares budgets and forecasts, and analyzes financial data to manage costs and improve profitability. They also review actual costs, prepare reports, and assist with budget planning and financial statements.