What are the responsibilities and job description for the Management Accountant position at Glen-Gery?
About the Company
Glen-Gery Corporation is a wholly owned subsidiary of Brickworks Limited. Brickworks Limited (“The Group”) is a large Australian-listed group of companies. The Group has been in operation since the early 1900s, has a market capitalization exceeding $2.5 billion, and operates across 3 core business segments: Building Products, Land & Development, and Investments. The Group employs more than 2,000 FTE employees and operates nationally across Australia, recently acquiring Glen-Gery Corporation to add operations in the USA.
Founded in 1890, Glen-Gery Corporation is one of the nation’s largest brick manufacturers and operates eight brick manufacturing facilities. Glen-Gery products are sold nationally through a network of over 500 distributors as well as in Canada. Since entering the USA in 2018, Brickworks have acquired Sioux City Brick, Redland Brick and the distribution business of Southfield Corporation in Illinois and Indiana (Illinois Brick, Indiana Brick). The combined North American business now has more than 900 employees, operates across 40 locations, including 8 brick plants, 26 masonry supply/retail locations and 3 design studios.
Basic Function
The Management Accountant role will have responsibility for the overall accounting function for multiple plants, under supervision of the Regional Plant Controller in the East region. These responsibilities include month-end closing, variance reporting/analysis, standard cost creation and maintenance, and assistance with weekly profit estimates and annual budgets.
Responsibilities:
- Assist with annual budgets and forecast preparation
- Assist with the creation and maintenance of standard costs used in production and support of periodic reviews of product cost component accuracy and consistency as well as over/under absorption of actual costs
- Month end closing:
- Review and analyze monthly physical inventory variance and identify trends and root cause analysis of variances
- Preparation and posting of various accruals and other journal entries as required in compliance of IFRS accounting standards
- Review of expense accounts ensuring accuracy and provide detail of variances and high impact items to Regional Controller
- Reconciliation and review of balance sheet accounts ensuring accurate representation of current assets and liabilities
- Provide business support and analysis to plant and senior management:
- Conduct production scrap analysis by product to identify trends in scrap rate
- Execute monthly inventory aging analysis to identify inventory turns by product, slow and no moving stock, and corresponding trends associated with inventory by various product groups
- Monitor and comment on organizational KPI’s weekly and monthly
- Review and report on monthly manufacturing costs by department to plant management and identify potential costs savings areas
- Review production cost variances compared to standard costs and report findings and present possible remediate actions
- Support Plant Manager in preparation of weekly profit estimates
- Identify future expenses by analyzing open PO’s, labor forecast, trends, and communicate one-time impacts
- Compare weekly estimate to actuals and identify causes and trends for continuous improvement in forecast accuracy
- Provide ad-hoc support to the Regional Plant Controller as may be required
- Travel to the plants occasionally to work with Plant team for collaboration and to participate in stock takes
Education and experience requirements
- BS/BA Degree in Accounting or Finance
- Relevant experience (2-3 years) in a manufacturing environment
- Well-developed analytical skills and experience in forecasting, budget preparation, and variance reporting preferred
- Proficiency in Excel, Word, and PowerPoint
- Experience with a larger ERP solution such as JD Edwards
- Must be willing to travel locally as necessary
This job description is not intended to be all inclusive and as such, the employee will also be required to perform other reasonably related business duties as may be assigned by the immediate supervisor and/or other management personnel as required.
