Cost Accountant

4 Months ago • 5-7 Years • Account Management

Job Summary

Job Description

The Cost Accountant will be responsible for month-end journal entries to close inventory and costs, inventory reconciliation and reporting (including inventory turns), and performing worldwide inventory standard cost roll-up and updates in Oracle. Key duties include amortization of capitalized variance, preparation of inventory reserve calculations, managing Oracle cost and inventory projects, and handling auditor queries. The role also involves performing inventory and distributor audits which requires travel. Additionally, the accountant will manage zero cost updates and cost roll-ups (BOM), review and approve Discrepant Material Requisitions (DMRs), and manage customer sample accruals. There is potential for future development into revenue and A/R duties. The ideal candidate will have 5-7 years of costing experience in a manufacturing environment and strong cost accounting skills.
Must have:
  • 5 to 7 years costing experience in manufacturing
  • Cost accounting skills, knowledge, and experience
  • Advanced Excel skills
  • Accounting period-end close experience
  • Degree with Chartered Accountant (CA) or Cost Accountant (CMA)
Good to have:
  • Oracle experience
  • High-tech or semiconductor working experience
  • Other accounting experience (G/L, revenue, A/R)
Perks:
  • Travel required for audits

Job Details

Description

Cost Accountant
Description
  • Month end journal entries to close inventory and cost
  • Inventory reconciliation and inventory reporting including inventory turns, etc.
  • Perform worldwide inventory standard cost roll-up and update in Oracle
  • Amortization of capitalized variance including calculating and journal entries
  • Preparation of inventory reserve calculations
  • Participate and manage Oracle cost and inventory projects
  • Manage auditors’ queries on specific items related to duties specified
  • Perform inventory and distributor audits (travel required)
  • Any other future duties as assigned by Manager or Director
  • Manage zero cost update and cost roll up (BOM)
  • Discrepant Material Requisition (DMR) review and approval
  • Manage customer sample accrual
  • Potential future development to perform revenue and A/R duties
Requirements: 
  • Degree with Chartered Accountant (CA) or Cost Accountant (CMA)
  • 5 to 7 years’ Costing experience in a manufacturing environment
  • Cost accounting skills, knowledge, and experience
  • Advanced Excel skills required, Oracle a plus
  • Accounting period-end close experience
  • Any other relevant high-tech or semiconductor working experience a plus
  • Other accounting experience (G/L, revenue, A/R) a plus

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Power Integrations competes for the best talent. Our compensation packages consist of salary and equity, and they are commensurate with accomplishment. We offer a full suite of benefits. It is the policy of Power Integrations to provide equal employment opportunity for all employment applicants and employees without regard to prohibited considerations of race, color, religion, gender, gender identity, gender expression, sexual orientation, age, physical disability, mental disability, marital status, or any other classification protected by applicable local, state or federal laws.

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