Procurement accountant vs senior cost accountant

Differences between procurement accountant and senior cost accountant duties and responsibilities

Procurement accountant example responsibilities.

• Manage month end close process including journal entries, departmental analysis and preparation of consolidate financial statements and account reconciliations.
• Develop procedures for GAAP solutions in accordance with SOX, segregation of duties.
• Code invoices to appropriate GL accounts.
• Budget vendor accruals for the next fiscal year on a vendor, product and program level.
• Reconcile purchase contract log balances with the SUNY on-line payment system to verify accuracy of balances.
• Maintain the MarrStar database to ensure accuracy and timely availability of information for properties to provide transparency for SOX.
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Senior cost accountant example responsibilities.

• Manage quarterly inventory reserves in accordance with company policy which follows GAAP guidance.
• Prepare internal financial reports for treasury manage accounts include in external compliance reports.
• Process month end close including journal entries, account reconciliations, variance analysis, financial statement preparation and corporate reporting.
• Provide user training and technical support for ERP and payroll systems.
• Implement process improvements for monthly close process and SOX documentation retention.
• Complete account reconciliations in accordance with maintaining the integrity of assets and liabilities for balance sheet inventory accounts.
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