Cost Accounting Manager

Minerals Technologies Inc. (MTI) is a leading, technology-driven specialty minerals company that develops, produces, and markets a broad range of mineral and mineral-based products, related systems and services. MTI serves a wide range of consumer and industrial markets, including household and personal care, paper, foundry, steel, construction and environmental solutions around the world. The company reported global sales of $2.2 billion in 2023.

Postition: Cost Accounting Manager

Location: Bethlehem, PA 

Job Summary

The Cost Accounting Manager, under general supervision, is responsible for participating in the MTI accounting activities for the North American operations to ensure that accurate, timely financial data, in accordance with GAAP, is available for the business managers. This position is also responsible for supporting the business by maintaining the inventory items and related costing within Oracle.

Primary Duties and Responsibilities:

• Performs month-end cost accounting close entries, accruals and analysis.
• Maintains the Oracle product master files and creates/updates production formulas
• Assists with the preparation of the annual standard cost budget and forecasts
• Prepares monthly account reconciliations and performs Balance Sheet reviews with management
• Prepares various monthly decision management reports
• Analyzes production costs, investigates unusual costs and ensures proper procedures are being followed
• Exercises expertise in preparing detailed business process and cost analysis
• Supervise and manage Cost Accounting staff, if applicable
• Maintains a familiarity with new technologies to the extent needed to assist the business in enabling these new technologies.
• Assists in review and development of Oracle/ADI/Discoverer/HFM reports to support management

Other Duties & Responsibilities

• Evaluate current processes with an emphasis on continuous improvement
• Evaluate internal control structure to maintain compliance with Sarbanes-Oxley
• Support the business unit finance team
• Interact with internal and external auditors where necessary
• Perform special projects as needed

OE/Lean

• Actively participates in the implementation of sustainable improvement processes, such as 5S, Kaizen, Daily Management Control, Standard Work and Problem Solving.

The requirements listed in the sections that follow are representative of the knowledge, skills and/or abilities required to perform the duties of this job. Reasonable accommodation may be made to enable qualified individuals with disabilities to perform the essential functions (primary duties) of the job.

Education & Experience:

• Bachelor’s degree in accounting or finance
• Minimum 5-10 years cost accounting experience in a manufacturing environment.
• CPA is not required, but preferred.
• Candidate strongly preferred to have Oracle costing experience.

Knowledge, Skills & Abilities:  

• Must have demonstrated knowledge/experience in the development of standard costs for an operation including determining departmental allocations, activity drivers, as well as follow on monthly variance analysis.
• Must have a thorough understanding of US GAAP and have well-developed computer skills.
• Must be familiar with standard cost accounting, bill of materials, month end inventory reporting and analysis.
• Advanced knowledge of Microsoft Excel is preferred.
• Experience with Oracle and HFM is a plus.
• Must be a self-starter with good management, communication, interpersonal and general business skills, along with strong mathematical, analytical, organizational, and problem-solving skills.
• Must be able to gather organize, and analyze data, draw conclusions, and handle stress.
• The employee is expected to be self-directed, take initiative and be persistent when appropriate to accomplish necessary duties and keep busy without prompting. Additionally, the employee is expected to be adaptable/flexible to changing work assignments, analytical, organized and detail-oriented, perform multiple tasks at once, compose correspondence and other documentation in a professional manner, express ideas constructively, actively listen to others, manage time effectively and efficiently to meet deadlines, learn and memorize procedures, display a cooperative attitude, read, understand and follow all company, job specific and safety policies/procedures, and attend/use all required training.

Travel:

• Travel may occur on an infrequent basis.

Working Conditions:

• While performing the duties of this job, the employee is typically required to regularly conduct work in a controlled office environment, moving around the office as needed, sitting at a desk, using office equipment, including but not limited to a personal computer, fax machine, copier and telephone, read, write, listen, speak, and understand English, have the ability to work independently, be dependable and maintain confidential information, integrity and composure at all times.
• Constant contact with individuals internal and external to the organization occurs via various methods of communication, typically including face-to-face discussions, electronic mail, phone calls, written letters and/or faxes.

Work Hours:  

• Must have ability to work the shift/number of hours in which duties need to be accomplished, including overtime, holidays and weekends, as necessary.

Safety Training:  

• A new employee hired to perform the duties of this position is required to be provided New Employee Training by a qualified individual or through the online training system. Additionally, an employee must be provided further training if a job duty/task has changes that will affect the health and safety aspects of that employee’s position.
• Additional refresher safety training will be required as management deems appropriate or as dictated by government regulations.

Minerals Technologies Inc. (MTI) is a leading, technology-driven specialty minerals company that develops, produces, and markets a broad range of mineral and mineral-based products, related systems and services. MTI serves a wide range of consumer and industrial markets, including household and personal care, paper, foundry, steel, construction and environmental solutions around the world. The company reported global sales of $2.2 billion in 2023. MTI focuses on two major segments – Consumer & Specialties and Engineered Solutions . 

Our Consumer & Specialities segment offers technologically enhanced products to consumer-driven end markets plus specialty additives that become functional components in a variety of consumer and industrial goods. This segment includes our Household & Personal Care and Specialty Additives product lines. The Household & Personal Care product line provides mineral-to-market products that serve consumer-oriented end markets including Pet Care, Personal Care, Fabric Care, Edible Oil, and Renewable Fuel Purification. Our Specialty Additives product line provides mineral-based technologies serving Paper, Packaging, Sealants & Adhesives, Paint & Coatings, Ceramics, Plastics, Food & Pharmaceutical markets.

Our Engineered Solutions segment offers advanced process technologies and solutions that are designed to improve our customers’ manufacturing processes and projects. This segment includes our High-Temperature Technologies and Environmental & Infrastructure product lines. Our High-Temperature Technologies product line offers specially-formulated blends and technologies primarily for Foundry and Steelmaking industries. Our Environmental & Infrastructure product line provides waterproofing, water purification, remediation and other fluid management technologies for critical projects for Remediation, Water Purification, and Infrastructure.

MTI provides a business environment and promotes a culture that encourages all employees to contribute to our success. We have long been committed to the recruitment and advancement of the most talented and qualified people. We recognize that MTI’s ability to provide the highest caliber of products and services is enhanced by a workforce that reflects the diversity of the communities and countries in which we work.

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