Sr. Cost Accountant • Gonzales, LA

Crown Crafts, Inc. a leading company in infant, toddler, and juvenile consumer products has an opening in its Accounting department for a Sr. Cost Accountant. The right person for this great opportunity will be able to multi-task and meet deadlines. Responsibilities include:

Inventory:

• Activate inventory items after review of each new item setup for reasonableness and completeness.
• Monitor and ensure proper inventory status identification procedures are being followed so that inventory status codes (active, inactive, slow, discontinued, etc.) reflect current conditions.
• Monitor and ensure proper receiving, shipping and t-off procedures are upheld so that accurate perpetual inventory quantities are maintained.
• Calculate and maintain accurate inventory valuations.
• In conjunction with preparation of inventory reports, review each entry file for customs compliance and notify management of any non-compliance detected.
• Monitor and evaluate indirect cost components of inventory valuations and propose modifications to management as changes in business occur.
• Coordinate the year-end physical count entry and subsequent valuation of inventory.

Royalty:

• Review new licenses and recap agreement terms and distribute to management.
• Calculate and record royalties payable per license terms.
• Calculate and record any related liabilities related to license agreements (advertising accruals, design fees, etc.)
• Calculate and record reduction of any recorded liabilities as paid or incurred.
• Initiate payment requests for royalties or associated fees as required by license agreements.
• Prepare and submit to licensors timely and accurate reports as required by the agreements.

General Accounting:

• Maintain general ledger account balances and all supporting schedules for assigned areas (inventory, royalties, cost of sales, and indirect cost variances).
• Prepare and distribute sales and gross margin reports monthly. Investigate and document fluctuations from prior year and budget (by customer, brand, category or item).
• Prepare weekly, monthly and annual reports for management purposes (inventory, import expenditure, borrowing bases, sales, royalties, etc.)
• Prepare applicable schedules as needed for external auditors (financial, sales tax, bank, etc.)
• Assist in monthly, quarterly and annual accounting losings.
• Assist in the annual budgeting process by forecasting inventory levels, cost of sales, royalty expense and royalties payable.
• Assist Controller in developing, implementing and documenting accounting policies and procedures and internal controls.
• Assist Controller with special projects and perform all other duties as assigned.

Requirements for this position include:

• 3 – 5 years of experience in Cost Accounting.
• Bachelor’s degree in Accounting.
• Excellent communication skills.
• Working knowledge of MS Office products.
• CPA is preferred

Send resume to gszuh@crowncrafts.com.