Plant Accountant Job Description
Plant accountant
provides technical accounting expertise to general Finance team in resolving issues, improving processes or creating new methods.
Plant Accountant Duties & Responsibilities
To write an effective plant accountant job description, begin by listing detailed duties, responsibilities and expectations. We have included plant accountant job description templates that you can modify and use.
Sample responsibilities for this position include:
Prepare and analyze Work In Process reports
Analyze job production costs, material variances and sales margins
Using spreadsheets and / or allocations software, prepare allocations of plant liquids production and residue back to the well head and at the tailgate of a plant
Using spreadsheets and / or allocations software, prepare sales invoices, purchase settlement statements and record entries into the general ledger for the purchase and sale of natural gas and liquid hydrocarbons
Prepares and invoices producers and shippers for various gathering, processing and treating fees
Prepares monthly and periodic tax reports for filing and payment with various state and federal agencies
Analyzes and explains monthly and seasonal fluctuations in volume and amounts as compared to prior months and budget
Follows up on payments and invoices to assure accurate and timely collection
Reconcile volumes and values from spreadsheets and allocations software to the general ledger
Balance the plant monthly to assure all quantities and related values are properly captured and accounted for
Plant Accountant Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Plant Accountant
List any licenses or certifications required by the position: CPA, CMA, MBA
Education for Plant Accountant
Typically a job would require a certain level of education.
Employers hiring for the plant accountant job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Accounting, Finance, Business, Manufacturing, Education, MBA, Management, Business/Administration, Economics, Communication
Skills for Plant Accountant
Desired skills for plant accountant include:
Quality process
Operation processes in order to partner with plant supervision
Access
Basic auditing and internal control standards
Good communication / interpersonal skills
Microsoft Office products- Excel
Modern accounting methods and techniques
Technical skills & functional expertise
Word
Excel
Desired experience for plant accountant includes:
Coordinate with plant personnel to understand (and explain, if necessary) plant operations and output
Monitoring of checkbook spending activity vs
Month end close responsibilities with preparation of journal entries and account reconciliations
Analysis of finished goods and work in progress jobs in inventory
Prepare analysis of capital spending and customer profitability
Prepare sales and use tax reports
Plant Accountant Examples
1
Plant Accountant Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of plant accountant. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for plant accountant
- Assist with the weekly financial estimate and work with operations to resolve variances
- Support effectiveness of operational performance by providing operations with financial analysis and thorough reporting of plant metrics and KPI’s
- Support the development of the ROY (Remaining of Year) quarterly forecasts
- Assist Operations to improve the recording, reporting, measurement, and analysis of operational data to improve alignment between operational metrics and financial results
- Assist with preparing analysis of plant financial data to quantify cost savings opportunities
- Assist in the preparation of the annual manufacturing budget and standard costs
- Assist with ensuring the storeroom adheres to cycle count procedures and reporting the cycle count accuracy
- Assist with the annual physical inventory and fixed asset inventory conducted every three years
- Assist with annual review and audit of internal control procedures to maintain SOX compliance and to minimize financial risk at the plant
- Assist in the preparation of Monthly Management Accounts
Qualifications for plant accountant
- Calculate liquid and gas settlements for the generation of producer payments on assigned systems through TIPS
- Process monthly journal entries and prepare detailed monthly gross margin reports
- Process and distribute settlement statements, imbalance statements, operator statements to the appropriate counterparties
- Assist customers with settlement related questions
- Maintain and update company changes and address changes in TIPS
- Strong computer skill set, detailed knowledge of TIPS and related systems a plus
2
Plant Accountant Job Description
Job Description Example
Our company is growing rapidly and is looking for a plant accountant. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for plant accountant
- Ensure product costings are accurate and up to date
- Monitor and manage stock levels and reconcile stock levels of raw
- Report regularly to senior management regarding stock levels
- Review costs and help drive efficiency and savings
- Devise and implement appropriate KPIs and metrics
- Other ad hoc duties as appropriate
- Reports to the Accounting Manager and provides support to the Polyurethane Finance Team to ensure complete and compliant corporate financial accounts are prepared each month within the published timetable
- Intermediate or higher Accounting coursework
- Provide financial and operational month-end and adhoc analyses and reporting
- Assist with the development of forecasts/annual budgets for Texas plants
Qualifications for plant accountant
- Supply Chain Organization (management, warehouse staff, manufacturing, finance)
- Monitor internal controls compliance with SOX requirements and operational standards
- Commitment to be a positive & professional team member the ability to function independently
- Minimum of two years of accounting and finance experience in a manufacturing environment
- Repetitive manufacturing experience preferred
- Experience with an ERP system preferred
3
Plant Accountant Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of plant accountant. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for plant accountant
- Prepare monthly Sales & Use Tax Returns, quarterly/annual Government Manufacturing Activity Survey, and other Provincial and/or Federal reporting requirements
- Ensure plant personnel’s adherence to ARPNA policy and financial data accuracy through transaction reviews, administration and review/approval of time reporting, inventory cycle count audits, HFI/OSM inventory reviews, fixed asset physical inventory, administration of fixed asset movements/capitalization
- Lead management/resolution of parked A/P invoices to achieve A/P efficiency targets
- Provides day-to-day financial and operational support for sites assigned
- Performs manufacturing variance analysis
- Responsible for auditing Plant Internal Controls in accordance with Internal Control Structure
- Assist Plants with monthly forecasts
- Works with Plants on preparation of annual budget
- Reviews item standard costs for accuracy
- Provides support to the auditors as needed (both internal and external)
Qualifications for plant accountant
- Relentless customer focus with a passion to deliver accurate and thorough results in a timely, consistent, and professional manner
- Preference given for CPA and/or MBA
- A minimum of 5 years experience in oil and gas accounting
- Develop and report on daily, weekly and monthly plant performance metrics including yield, throughputs, labor & utilities
- Assist North American locations with AFE creation, and project management
- Standard cost development and analysis on components, labor and overheads as part of the budget process
4
Plant Accountant Job Description
Job Description Example
Our innovative and growing company is looking for a plant accountant. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for plant accountant
- Some travel to assigned locations will be required for Internal Audits of Controls, Year End Inventories, and special assignments
- Implement and ensure compliance of internal financial & Operational controls and procedures and SOX related requirements (Building Blocks)
- Evaluate and analyze plant profitability at a SKU or mold level
- Review and approve product standard costs reasonableness and correlation to plant operations
- Work with Plant lead team to develop annual plant operating budget, Monthly forecasts, ROY Fcsts
- Inventory control focused on eliminating physical count variances, reduction of slow moving/obsolete write offs
- Responsible for full P&L forecast on a bi-weekly basis including review with operations and finance teams
- Month end close requirements in compliance with building blocks and internal financial controls
- Scorekeeper of Daily Trackers for labor and variable spend
- Drive team to utilize forecast data to drive actions in the plant with flexibility in spending, manning and overall structure
Qualifications for plant accountant
- Degree in Accounting and 1-3 years experience in an accounting or finance role at a global manufacturing company or Public Accounting experience with manufacturing exposure
- Gas Plant Accounting
- Responsible for the costing of new products and ensuring the cost accuracy
- Accurately explains and analyzes manufacturing variances including labor, material and purchase price variances
- Completes month end J/E’s
- Loads all production demand and material requirements that drives the Master Materials Plan are loaded into Order Management
5
Plant Accountant Job Description
Job Description Example
Our company is growing rapidly and is hiring for a plant accountant. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for plant accountant
- Analysis of monthly operating variances with explanations to plant team and executive leadership
- Key participant in other plant lead team
- Control and maintenance of fixed asset inventory to include annual fixed asset audit
- Some HR responsibilities to include employee relations, hourly recruiting, payroll and time & attendance
- Prepare journal entries and reconciliations on general ledger and sub-ledger accounts
- Prepare inter and intra-company charges from and to other facilities, research and resolve any out of balances
- Review SOX documentation related to job responsibilities and update as needed
- Reporting of operational results in the Manis database
- Reporting of capital expenditure in Arena
- Creating reports out of these databases for the management
Qualifications for plant accountant
- Tracks OTS fixed assets and spending on capital projects
- RMA billing
- Reviews inventory transactions for accuracy
- Reviews the accuracy of project quotes and completes project spending files
- Tracks shipments and spending for all projects including completing all invoicing
- Cycle Count audits