Cost Accountant Internal Audit

Profile

Experienced and results oriented in creating, implementing, and maintaining a standard cost system according to GAAP to manage and value inventory and provide detailed margin and variance analysis while identifying opportunities for cost savings. Planning and procurement experience with documented $1M in savings while maintaining $250K of daily uninterrupted production. An individual contributor and team-player with superior analytical, communication and people skills.

Technical Skills

Access, Budgeting, Excel, Internal Audit, Baan, D365, Epicor, Macola, QAD, QuickBooks & SAGE

Concord Foods, Brockton, MA January – March ($160M Food Manufacturer) Contract Cost Accountant

Internal Audit of headcount and duties of all manufactured items

Provided qualitative and quantitative analysis of factory expenses, MUV & PPV

Updated daily cycle count reporting, FG, RM & WIP inventory balances, Freight-In and reconciled balances and tied out to GL balances and provided analysis using pivot tables

Created 2024 manufacturing budget and provided variance analysis

Bimbo Bakeries, Remote September 2023 – December 2023

($2B Food Manufacturer)

Contract Cost Accountant

Updated “Cost Formulation Requests” from R&D or Sales/Marketing by providing an updated cost based on an ingredient or packaging change using Oracle

Great Kitchens, Brockton, MA May 2023 – August 2023

($100M Food Manufacturer, 80 Employees)

Cost Accountant

Assisted in Dynamics 365 cost and inventory modules implementation

Developed daily inventory, KPI and FG, RM and WIP usage reports

Created manufacturing budget and financial forecast for FY2024

Performed internal-audit headcount for all manufactured items

Created roll-forward for finished goods inventory and reconciled balance daily

Reason for Leaving: Newly created position was a clerical role after D365 implementation.

Quanterix, Billerica, MA November 2022 – May 2023

($100M Biopharma, 150 Employees)

Contract Cost Accountant

Assisted in physical-inventory count tag creation, audits, counts and GL reconciliation

Prepared weekly PPV and WIP variance schedules and adjustments prior to closing jobs

Prepared monthly waterfall amortization schedules for FG, RM, SA and WIP

Reconciled COGS and inventory accounts and prepared and entered closing journal entries

SOX compliance for COGS and Inventory

Tech-Etch, Plymouth, Ma December 2019 – October 2022

($110M Manufacturer, 700 Employees)

Cost Accountant

Developed process to identify WIP transaction inaccuracies due to ERP customization and make corrections to ensure correct WIP and FG balances using Moving Average Costing

Reconciled FG, RM and WIP inventory balances at 3 manufacturing sites using Epicor, created and entered monthly closing journal entries and provided Flux analysis

Created a Gross Margin report identifying whether cost of goods manufactured, or price was the primary issue for unfavorable gross margins

Analyzed $9M (3,000 transactions) of monthly sales transactions and identified Gross Margins and provided detail of the Cost of Goods Manufactured

Created monthly analysis for manufacturing scrap ~ 800 transactions @ $150K

Sarepta Pharmaceuticals, Cambridge, MA September 2019 – October 2019

($3B Biopharma, 700 Employees)

Contract Cost Accountant

Reconciled FG inventory from 7 CMO’s for post Oracle standard cost implementation

Stage One Financial, Anaheim, CA June 2019 – August 2019

($60M Accounting, Strategy and Tax Provider, 30 Employees)

Cost Accountant

Created and updated BOM’s, costs and parts in QuickBooks for multiple clients

Created roll-forward schedules for materials, WIP and finished goods for multiple clients

Created cost and inventory accounting processes related to procedures for multiple clients

Reason for Leaving: Newly created position working from home eliminated.

Block Engineering, Southborough, MA December 2018 – April 2019

($20M R&D manufacturer of Quantum Lasers, 42 Employees)

Senior Accountant

Created roll-forward schedule for RM, WIP and FG as R&D transitioned to production

Created labor distribution report for government, FG, R&D or warranty expense

Created monthly Project Cost Reporting for commercial and government projects, detailing the accrued expenses against the budgeted amounts, communicating the updated results, adjusting as required and invoicing per agreements

Updated 2018 Fixed Asset schedule and created journal entries for depreciation

Reason for Leaving: Reduction in Force – 1 of 4 newly created positions eliminated

Contract/Consultant Cost and General Accountant June 2014 – December 2018

JFD Contracting, Stoughton, MA ($2M General Contractor)

Electronic Fluorocarbons, Hopkinton, MA ($50M Specialty Gas Manufacturer

Paradigm Precision, Malden, MA ($160M Airplane Engine Parts Manufacturer)

Contract/Consultant Cost and General Accountant - Continued

Sanofi Pasteur, Canton, MA ($5B Biopharmaceutical Manufacturer)

Blue Harvest Fisheries, New Bedford, MA ($50M Fish Processor)

Teknor-Apex, Pawtucket, RI ($500M Manufacturer of Industrial Polymers)

Rhode Island Textiles, Pawtucket, RI ($50M Manufacturer of Pet Products and Textiles)

Lehman-Millet, Boston, MA ($40M Medical Advertiser)

Danielle Foods, Burrillville, RI ($500M Manufacturer of Deli Meats)

Summary of Duties:

Created cost accounting process for rare gas and Halocarbon purifying plant

Prepared and compiled Duty-Drawback documents for $700,000 claim

Documented the daily shop-floor production process of labor and materials and created an

Excel production throughput analysis of direct and indirect labor by work center, detailing the processing of 40,000 pounds of cod fillets and other species for gross margin analysis.

Reconciled production data and maintained labor efficiency, material usage and spending variance reports and reconciled FG and RM and updated roll-forward schedules

Evaluated the SYSPRO standard cost accounting system which was not providing the

expected information with a new work order system for FIFO standard costing and identified that a work order system is not compatible with FIFO in SYSPRO

Maintained fixed asset process with monthly additions, depreciation, removing and tagging

Reconciled accounts and created cost revaluation, E&O, scrap and WIP reserve entries

Reconciled COGS and inventory accounts monthly and entered closing journal entries

Performed internal audit of headcount and duties for each manufactured item

Created labor, packaging, and production yields for standard cost system at a meat packer

Cuming Flotation Corp, Avon, MA June 2010 – February 2014

($100M Manufacturer of deep-water buoyancy devices for deep sea oil drilling, 200 Employees)

Senior Cost Accountant/Purchasing/ISO Auditor

Created manufacturing report detailing the COGS - identifying the fixed, variable, direct

and indirect actual and standard costs for variance and gross margins analysis

Maintained standard cost system in Macola while implementing QAD ERP/MRP system

Reconciled COGS and inventory accounts and entered month-end closing journal entries

Created manufacturing budget and forecast for labor, materials, and overhead

Performed monthly physical inventory of FG, RM and WIP and E&O valuation

Purchased $4M of raw materials/supplies monthly and reported on supplier KPI’s

Created and updated project cost records for $6M upgrade of ovens & overhead cranes

Reason for Leaving: Company closed

Contract Cost and General Accounting May 2008 – June 2010

Organogenesis, Canton ($40M Life Sciences Manufacturer of Artificial Living Skin)

Proven Process Medical Devices, Mansfield, MA ($10M Manufacturer of Medical Devices)

Netezza Computers, Framingham, MA ($100M Computer Manufacturer)

Shire Pharmaceuticals, Cambridge, MA ($1B Drug Manufacturer)

MicroOptical/MYVU, Westwood, MA June 2005 - April 2008

($10M Industrial, Medical and Optical Imaging Device Manufacturer, 50 Employees)

Cost Accounting Manager

Created and implemented standard cost system in MAS200/Sage with multi-level BOM's and Routers with labor, material usage and volume variance analysis along with proper material transaction policies as R&D transitioned into manufacturing

Created inventory roll-forward schedule and Excel based COGM analysis report

Created and maintained 12 months rolling financial forecast for manufacturing costs

Created RM Audit Price Test book for auditors and directed physical inventory

Maintained Fixed Asset schedule and prepared monthly closing journal entries

Reconciled and provided analysis of COGS, excess and obsolete inventory, scrap and yields and entered month-end closing journal entries

Reason for Leaving: Manufacturing outsourced to Malaysia and 47 of 50 positions eliminated

Haemonetics, Braintree, MA May 2004 – June 2005

($500M Medical Device and Supply Manufacturer, 500 Employees)

Inventory Analyst/Sales Planning Analyst

Reported on WIP schedules, FG, and safety stock balances and recommended WIP schedule adjustments and shipping changes for $40M in monthly sales

Created an Excel based 12 month rolling production schedule using forecasting SW

Provided detailed analysis for COGS portion of annual operating plan

Reason for Leaving: Recruited for newly created cost accounting position at Micro Optical

Bacon Felt, Taunton, MA 2002 – 2004 ($40M Felt Products Manufacturer, 75 Employees)

Cost Accounting Manager/Production Scheduler

Created monthly production schedule for FG and WIP

Prepared monthly Asset-Based lending documents for $20M bank line of credit

Created and updated CAPEX for $2M factory upgrades

Prepared month-end account reconciliations and closing entries for COGS and

Inventory accounts including inventory reserve entries

Prepared monthly roll-forward of FG and RM and reconciled balance to the GL

Review and analysis of balance sheet and COGS accounts

Prepared manufacturing budget and financial forecast and provided variance analysis

Procurement for all raw materials and operating supplies

Reason for Leaving: Taunton plant shut down and operations moved to Rochester, NH

Education December 1988

Marshall University, Huntington, WV

Bachelor of Arts, Major Accounting, Minor Finance and Math

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