Cost Accountant - Magnolia, TX (Finance)
Are you seeking an opportunity to show your exceptional skills and knowledge? Are you looking for a company which provides you with dynamic and challenging work environment every single day? If yes, look no further...we are seeking individuals who are skilled, knowledgeable, and ready to work in a fast-paced environment to deliver top notch solutions to cater business needs.
About Nabors
Nabors is a leading provider of advanced technology for the energy industry. With operations in about 20 countries, Nabors has established a global network of people, technology and equipment to deploy solutions that deliver safe, efficient and responsible hydrocarbon production. By leveraging its core competencies, particularly in drilling, engineering, automation, data science and manufacturing, Nabors aims to innovate the future of energy and enable the transition to a lower carbon world.
Canrig Drilling Technology provides equipment, tools, services, and software products to global customer base, improving the safety and efficiency and environmental footprint of operations. Our workforce, like our technology, is rapidly expanding.
JOB SUMMARY
The cost accountant position is responsible for all aspects of Manufacturing accounting, Product costing and inventory analysis for the manufacturing location in Magnolia, TX.
DUTIES AND RESPONSIBILITIES
• Manufacturing cost analysis: collect and analyze data on Manufacturing costs, including fixed and variable costs, supply chain expenditures to identify inefficiencies and opportunities to cost savings. Responsible for warehouse, freight and other shared resource allocations.
• Product costing: maintain product cost structure, compare estimated (standard) vs actual cost and identify / explain variances by Saler order / Work order / part number. Review and process cost roll requests. Monitor direct and indirect labor hours absorbed into production, analyze actual vs standard labor rates and propose the rate adjustments as necessary.
• Financial reporting: prepare and present reports to management on the Manufacturing Plant financial performance, including monthly progress reports, profit margin reports, inventory WIP and reserve analyses. Complete monthly journal entries as assigned. Supports analysis of inventory Excess and Obsolete (E&O), update E&O reserve by part based on finance guidelines.
• Maintaining records: ensure the company's financial records are accurate and up to date, including the general ledger, subledgers and balance sheet transactions.
• Recommending changes: use the produced analytics to recommend procedures and best practices changes to improve the company's cash flow and profitability.
• Assisting with other tasks: Interacts with cross-functional teams including manufacturing operations, S&OP, Supply Chain, Engineering, central Canrig Finance team. Assist with monthly closing, yearly budgeting, quarterly rolling forecast. Facilitate billing to 3rd party and intercompany client, physical inventory audits, as well as internal controls documentation and auditing.MINIMUM QUALIFICATIONS / SKILLS
• B.S. degree in Accounting from an accredited university (Required)
• Minimum seven (5) years of general accounting experience, preferably in manufacturing
• Cost Accounting experience (Required)
• Hands-on experience with ERP systems: Oracle (Required), Vision and D365 (preferred), HFM.
• Able to work in a team setting. Good oral and written communication skills.
• Above average working knowledge of MS365 applications, particularly advanced Excel skills
• Strong attention to detail and accuracy.
• This is "on-site" position for Magnolia Canrig facility. Occasional working from HQ office at Greens Rd, Houston, as necessary.
• Candidate must be a self-motivated, proactive individual who respects and adhere to reporting timelines, can work with limited supervision as well as be an efficient team player. Because this position is a process-heavy role, the selected candidate will be required to not only complete the required tasks but constantly strive to reduce inefficiencies and improve the overall processes.
Nabors is committed to providing equal employment opportunities to all employees and applicants and prohibiting discrimination and harassment of any type without regard to race, religion, age, color, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. This applies to all terms and conditions of employment including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training. To learn more about our Fair Employment practices, please refer to the Nabors Code of Conduct.
