Cost Analyst jobs in Wichita, KS

Summary:

This position is accountable for the ongoing analysis of process constraints, target costing projects, margin analysis, and tracing costs back to underlying activities. The financial analyst must also construct and monitor those cost-effective data accumulation systems needed to provide an appropriate level of costing information to management. The financial analyst is a focal position for developing annual operating plans, and ad-hoc financial forecasting.

This position has no supervisory responsibilities. 

Essential Duties and Responsibilities:

• Participate in continuous improvement projects; take advantage of tools and programs that will increase the efficiency and accuracy of accounting practices
• Ad-hoc financial analysis and financial reporting including variances to plan
• Prepare monthly journal entries, maintain various general ledger support schedules, and analyze accounting transactions for proper classification
• Generate and distribute recurring reports that measure the metrics of the site and provide clear, concise information, while providing accurate and transparent reporting into the financial statements for internal and external stakeholders
• Support the monthly closing activities including balance sheet account reconciliations and other accounting projects, as assigned
• Validate the cost of goods sold as part of the month-end close
• Forecast and apply overhead costs as required by generally accepted accounting principles
• Work with functional leaders on analysis of obsolete inventory for disposition
• Plan, study, and collect data to determine costs of business activity such as raw material purchases, inventory and labor
• Communicate effectively (verbal and written) with all contacts
• Accept and adapt easily to change
• Ensure that all activities are consistent with Company Mission Statement
• Operate job-related equipment with or without an accommodation
• Meet physical demands of job with or without an accommodation
• Perform other duties as assigned

Requirements:

To perform this job successfully, an individual must be able to perform each essential function and assigned task satisfactorily. The requirements listed below are representative of the knowledge, skills, competency, and/or abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Bachelor’s Degree in business preferred; combination of relevant education and experience
• Excellent analytical skills; sound understanding of accounting principles. 
• Intermediate to Advanced Microsoft Excel skills and the ability to use Outlook, Access, PowerPoint and Word
• Solid understanding of accounting general ledger and month-end close, cost accounting principles, account reconciliations and variance analysis, balance sheet and income statement, and internal financial controls
• Understanding of US GAAP and familiarity with revenue recognition regulations.
• Ability to accurately prepare daily, weekly, monthly, quarterly and annual reports 
• U.S. Citizen or Permanent Resident (ITAR requirement)
• Sense of urgency and ability to manage competing priorities
• Ability to meet frequent short timeline goals and deadlines
• Exhibits dependability, including following instructions; responding to supervisor’s direction; and taking responsibility for own actions
• Ability to take initiative, including asking for and offering help when needed, and perform work independently without being prompted
• Ability to manage competing priorities, prioritize and plan work activities, use time efficiently, and work within deadlines

Preferred Qualifications:

• Bachelor’s Degree in Accounting or Finance 
• Experience with financial forecasting and three-statement modeling
• Experience using business analysis and data visualization tools beyond Excel (i.e. PowerBI, Tableau, VBA, Hyperion, SQL)
• 1 year or more of progressive experience in Accounting and Analysis roles that includes reporting on financial results, identifying opportunities for process improvement, and delivering KPI insights and decision support is preferred for senior management
• Aerospace  Manufacturing industry experience: Cost Accounting, or Operations Accounting experience
• Inventory management experience (i.e. counts, reconciliation, transfers, valuation)
• Experience working with engineering and manufacturing personnel on development and analysis of cost standards