Accountant IV – Administrative Services – MassCor

Description:  The work schedule for this position is Monday through Friday.  

The Department of Correction (DOC) is seeking motivated and dedicated candidates to fill a Cost Accountant position in MassCor Fiscal Services under the Administrative Services Division. MassCor Fiscal Services is responsible for the purchasing of goods, contracting for services, and managing accounts payable and receivable for the correctional institutions and various divisions located throughout the state.  The incumbent of the position will be responsible for working closely with the MassCor Fiscal and MassCor Operations as well as other state agencies, to provide coordination, analysis, information, and support in the areas of budgets, accounting, finance, and procurement.  The incumbent of this position would also need to possess personal and professional integrity, excellent communication skills, strong supervisory skills, and strong analytical and decision-making skills. 

General Statement of Duties (may include any or all of the following):

• Collaborate with operations teams for inventory evaluation and market cost analysis.
• Collaborate with Shop Managers and Inventory Control Specialist to analyze shop variances and review cycle count adjustments. 
• Implement and enhance cost accounting policies, procedures, and internal controls to comply with regulatory requirements and accounting standards.
• Knowledge and Experience with ERP systems as position will Work closely with third party ERP provider, DOC Contracts Department and outside suppliers.
• Work with incarcerated individuals within correctional institutions.

Detailed Statement of Duties and Responsibilities (may include any or all of the following):

• Analyze and reconcile all balance sheet accounts related to manufacturing and inventory.
• Collaborate with operations teams for inventory evaluation and market cost analysis.
• Collaborate with Shop Managers and Inventory Control Specialist to analyze shop variances and review cycle count adjustments.
• Responsible for the annual standard cost sheets and improving standard costing process.
• Provide cost estimates and create new product IDs in ERP system.
• Review sales orders to ensure finished goods are priced at department standards.
• Monthly review of raw material waste.
• Prepare inventory and Cost of Goods Sold analysis.  Make recommendations to management teams based on findings.
• Research and reconcile all discrepancies in inventory.
• Monitor and control inventory valuation, including write-offs, adjustments and reserves.
• Develop monthly and annual forecasts, provide insight on potential cost drivers and potential cost fluctuations.
• Ensure accuracy and integrity of cost accounting system and oversee any required maintenance or improvements.
• Implement and enhance cost accounting policies, procedures, and internal controls to comply with regulatory requirements and accounting standards.
• Oversee inventory turnover rates and make recommendations to optimize inventory levels.
• Calculate and track all overhead costs.      Report overhead costs and build costs into standard pricing of finished goods.
• Analyze Return on Investment on fixed assets.  Make recommendations on all future fixed asset purchases.
• Understand product-related variances and communicate with management to identify and resolve issues.
• Performs other duties as assigned.