Senior Cost Accountant - MAMAT

Overview

At Morgan Advanced Materials, our rich history and dedication to innovation define who we are. Since our establishment in the UK in 1856, we have expanded globally, now operating across 70 sites in 18 countries. Our goal is to create a more sustainable world and enhance quality of life. We actively pursue this purpose through the development and production of advanced materials. 

 

Within our business unit, we specialise in innovating cutting-edge carbon, graphite, and carbide products that deliver outstanding performance. We use our expertise to tackle complex challenges across many diverse industries to provide effective solutions for our valued customers. 

 

Our products are shaping a better future; from enabling electric cars to charge faster and drive longer distances to maximising the operational efficiency of wind turbines. We are proud to help generate power for billions of people, deliver water to drought-stricken regions, improve the efficiency of industrial pumps, and protect lives both on the land and in the air. 

 

Key Figures: Revenue £1,100.7m (2024), ~8,000 employees, manufacturing in 20+ countries, and a global customer portfolio. A UK PLC with head office located in Windsor, Berkshire UK.  Listed on London Stock Exchange; Member of the FTSE 250 Index.

Responsibilities

MORGAN ADVANCED MATERIALS COMPANY OVERVIEW

Morgan Advanced Materials is a world leader in advanced materials development and production. We produce a wide range of specialist, high specification materials that have extraordinary attributes and properties. Despite the complexity of our technologies, our focus is simple – we supply innovative, differentiated products made from advanced materials which enable our customers’ products to perform more efficiently, more reliably and for longer.

 

PERFORMANCE CARBON GLOBAL BUSINESS UNIT OVERVIEW

The Performance Carbon global business of Morgan Advanced Materials designs, manufactures and sells a broad range of high-performance solutions for rotary transfer systems, linear transfer systems, electrical carbon systems and high-performance self-lubricating bearing and seal components.

 

The Performance Carbon business unit was recently established following a merger between the Electrical Carbon and Seals & Bearings business unit. The Performance Carbon business unit organizational design is functionally structured. The organization set-up enables us to improve supply chain, manufacturing and reporting processes as well as share best-practices amongst peers to enable us to grow and expand our margins.

 

OVERVIEW & SCOPE OF THE ROLE

 

The Senior Cost Accountant position is responsible for the ongoing data analysis of changes in product design, bills of material, and manufacturing methods to determine effects on cost within the three manufacturing sites located in Pennsylvania (ie. St. Marys and Coudersport) and North Carolina (Dunn). The Senior Cost Accountant must also construct and monitor those cost-effective data accumulation systems needed to provide an appropriate level of costing information to management.

 

ESSENTIAL FUNCTIONS 

Prepare, analyze and report weekly, monthly, and quarterly gross margin analysis by site and/or business stream

Actively participate in month end closing process. Responsible for all inventory related journal entries (Shop Floor, COGS, Scrap, LCM calculations, monthly Blank and FG reserves etc). Prepare monthly inventory rollforward and reconciliations and perform analysis as needed on changes in value.

Work closely with the Operations Teams at all three sites understanding and analyzing shop floor reporting, job closure transactions and daily/weekly inventory transactions for proper reporting within the General Ledger.

Maintain Cost Accounting system within ERP and update as needed.

Conduct physical inventories as needed and monitor cycle count process.

Lead the Annual Cost Roll for the three sites. Calculate Standard Rates  that will absorb all budgeted DL, VOH, and FOH costs included in Variable COGS.  Perform absorption analysis as needed to ensure that the new rates will fully absorb DL, VOH and FOH costs.  Copy current costs to Frozen costs for all active P/N’s on December 31st of each year and post the inventory valuation entry during the January close of each year.

Analyze actual manufacturing costs and prepare reports comparing standard costs to actual production cost. Investigate variances and determine root cause.

Maintain internal control documentation and test internal controls

Prepare detailed account analysis and reconcile sales, cost, inventory, and reserves