Job Information
New Sabina Industries Fixed Asset Accountant in Sabina, Ohio
*Date: *Feb 5, 2024
Location: Sabina, OH, US
*Company: *NSNA
Relocation Assistance Provided
Company Overview
Nippon Seiki is a world-class manufacturer of instruments for vehicles, agricultural, and construction equipment. Established in 1945, Nippon Seiki Co., Ltd. is headquartered in Japan, with numerous facilities worldwide. N.S. International, Ltd. ("NSI"), a group company of Nippon Seiki, located in Troy, MI, is a tier one supplier of instrument clusters and head-up display units for FCA US, General Motors, BMW, Honda, Harley Davidson, Suzuki, Polaris, Arctic Cat and other OEM's.
Purpose of Job
Support and maintain internal fixed asset and cost management systems, policies, and procedures at NSNA Ohio. Collaborate with NSNA Ohio Purchasing, NSNA Ohio Product Data Management, NSNA Ohio Engineering, NSNA Ohio Production Management, and NSNA Troy Business Development to fully understand and communicate all aspects of standard and actual cost. Support the development of annual labor and overhead rates and the monthly analysis of actual versus budget. Communicate with NSNA Ohio Department Management to track Capital spend and ensure timeliness of the capitalization of assets. Oversee an annual fixed asset physical, summarizing results, gaining approvals, and making necessary adjustments. Assist in creating the annual materials budget, the preparation of monthly material forecast, and the monitoring of monthly operating margin results for fluctuations to expectations, communicating financial impact of significant price/cost fluctuations. Oversee month-end close process for cost accounting and fixed asset management, including variance analysis, depreciation posting, and balance sheet reconciliations. Facilitates the preparation of all quarterly inventory reserve analysis estimates (Excess & Obsolete, LCM, Variance Capitalization), as well as key information for quarterly IFRS reporting.
Major Duties/Responsibilities
Top duties or activities in a given year. Not all tasks/steps performed are listed.
Fixed Asset Management: Manage the entire fixed asset process from beginning to end. This includes creating the CIP project in Plex (ERP system), following up with responsible parties to ensure timely capitalization of assets, adding assets in PLEX, monthly depreciation posting and reconciliations, quarterly rollforwards, and asset disposals as needed. Oversee an annual fixed asset physical, collecting and summarizing counts, identifying discrepancies, and gaining approvals for asset disposal. Works closely with Engineering department on timing of in service dates and to get proper documentation to set up assets.
Plex Standard Cost Maintenance: Oversee all aspects of the Plex cost accounting module, ensuring inventory is properly valued and all transactional inventory movements are accurately and timely recorded to produce reliable financial statements. Weekly reviews of purchase price variance, inventory revaluation, gross margin detail, and standard cost activity to in order to identify and resolve issues in a timely manner. Works closely with Purchasing and Product Data Management to understand significant purchase price variance and inventory revaluation financial impact. Support the annual calculation of labor and overhead rates as well as perform monthly analysis of labor and overhead variances.
Financial Statement Preparation and Analysis: Prepares monthly operating margin analysis report, gaining understanding of individual program material/price variance by working with NSNA Ohio Purchasing and NSNA Troy Business Development. Responsible for various sections of quar