Cost Accountant III
Posted on: 17 Jan 2025
Pearland, TX
Job Description
Description
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.
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
5+ years of experience in cost accounting or a Master's Degree with 3+ years of experience.
Experience with an ERP
Forum Energy Technologies
Houston, TX
Forum Energy Technologies, Inc. designs, manufactures, and distributes products to the oil and natural gas industry in the United States and internationally. The company operates through three segments: Drilling & Downhole, Completions, and Production. The Drilling & Downhole segment designs, manufactures, and supplies products and provide related services to the drilling, downhole, and subsea markets, and other markets, such as alternative energy, defense, and communications. This segment offers drilling technologies consisting of capital equipment and a line of products consumed in the drilling; downhole technologies, such as cementing and casing tools, and protection products for artificial lift equipment and cables; and subsea technologies, including robotic vehicles and other capital equipment, specialty components and tools, complementary subsea technical services and rental items, and products used in pipeline infrastructure.
The Completions segment provides products and related services to the coiled tubing, stimulation, and intervention markets. This segment offers stimulation and intervention technologies, including hydraulic fracturing pumps, pump consumables, cooling systems, flow iron, wireline cable, and pressure control equipment as well as related recertification and refurbishment services; and coiled tubing products consisting of coiled tubing strings and line pipes.
The Production segment designs, manufactures, and supplies products, and provides related equipment and services to the production and infrastructure markets. This segment supplies production equipment, including well site production and process equipment; and a range of industrial and process valves. The company was formerly known as Forum Oilfield Technologies, Inc. and changed its name to Forum Energy Technologies, Inc. in August 2010. Forum Energy Technologies, Inc. was incorporated in 2005 and is headquartered in Houston, Texas.
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IndustryOil and Gas
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No. of Employees2,300+
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Website
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Jobs Posted214
