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Fruit of the Loom Senior Cost Accountant in Bowling Green, Kentucky

Description/Job Summary Fruit of the Loom, an independent, wholly owned subsidiary of Berkshire Hathaway Inc. & leading international basic apparel company, has an immediate opening for aSenior Cost Accountant *at its corporate headquarters in Bowling Green, KY. The Senior Cost Accountant is responsible for the accounting and reporting of assigned locations as part of the month end close process, including quarterly reviews and key account reconciliations. Develops and implements the closing, reporting, or product costing procedures coordinating closely with the facility and appropriate Controller. This position reviews cost information for accuracy and reasonableness and documents key analytics on operating results. May direct the work of Cost Accountants or Cost Assistants and provide training on standard operating procedures. The Senior Cost Accountant manages an assigned area of the budgeting, physical inventory, or standard setting process based on their area of focus. *Responsibilities/Duties Manage month end close process for assigned manufacturing or distribution locations, includes recording financial results, managing check lists, reviewing entries prepared by cost accountants or cost assistants. Perform detailed reviews of assigned locations for accuracy and reasonableness, documenting key trends and variance explanations. Manage the reporting and analysis for assigned locations based on established calendars, includes reviewing for compliance with local and corporate reporting requirements. Manage the accumulation and analysis of key product cost information based on area of focus, includes developing budgets, new product costing, as well as costing changes to existing products. Manage the reconciliation for the assigned locations key account reconciliations based on area of focus. Review reconciliations prepared by Cost Accountants and ensure reconciling items are resolved timely. Manage budget development for assigned locations to establish product costs. Participate in detailed plant level reviews or detailed review of material, contractor, or turnkey rates based on area of focus. Review month end analytical explanations for reasonableness and resolve any outstanding questions. Manage one or more locations during the annual physical inventory as lead auditor. Assist with special projects and may manage an area or small team. The general responsibilities and the time commitment may vary based on requirements of each departmental area outlined below. * Plant & Distribution Accounting - Focus is on the manufacturing and distribution operations. This time commitment is more intensive on closing, reporting, quarterly reviews, and budgeting. Product costing is primarily a byproduct of the budgeting process and is not as intensive for this group. Inventory accounting is also less intensive for this group other than participating in the annual physical inventory. * Turnkey & Service Company - Focus is on accounting for turnkey production and for the US service companies. The time commitment is more intensive in closing, reporting, and analyzing purchase price variances, and balancing in-transit shipments. Product costing is a byproduct of building up turnkey cost and the budgeting for the service company departments and establishing service company overhead rates. * Inventory Control - Focus is on accounting and reporting for movements between facilities, valuing finished goods, recording cost of goods sold, reconciling the general ledger to perpetual inventory reports, balancing in-transit reporting, and reviewing raw material price variances. The time commitment is more intensive on closing, reporting, revaluation and physical inventory as this group administrates the physical inventory for the US supply chain. * Product Cost - Focus is on developing and maintaining standard and current product cost, reviewing the engineered rates for key operations, research missing cost information, processing new style requests, performing updates to existing styles and reviewing key cost elements for reasonableness. Supports closing, reporting, and budgeting through ensuring standards available for production costing and inventory valuation. Required Experience * 4-6 years of Accounting or Cost Accounting experience Required Qualifications * Bachelor's degree in Accounting or equivalent years of related work experience * Strong PC Skills * Oracle experience preferred * Proficient in data query tools * Demonstrated ability to plan and organize tasks to accomplish goals