Plant Accountant Job Description [Updated for 2025]

In the realm of finance and manufacturing, the focus on plant accountants has never been more prominent.

As business operations progress, the demand for skilled individuals who can effectively manage, analyze and strategize the financial activities of a manufacturing plant amplifies.

But let’s delve deeper: What’s truly expected from a plant accountant?

Whether you are:

• A job seeker trying to understand the core responsibilities of this role,
• A hiring manager outlining the perfect candidate,
• Or simply curious about the intricacies of plant accounting,

You’re in the right place.

Today, we present a tailor-made plant accountant job description template, designed for easy posting on job boards or career sites.

Let’s dive right into it.

Plant Accountant Duties and Responsibilities

Plant Accountants are responsible for overseeing the financial operations and transactions within a manufacturing plant or similar establishment, ensuring the accuracy and compliance of financial reports and analyses.

They have the following duties and responsibilities:

• Prepare monthly, quarterly and annual financial reports for the plant
• Analyze plant operations and costs to establish standard cost rates
• Oversee the plant’s budgeting and expenditure, ensuring they align with the company’s financial goals
• Conduct variance analysis and identify trends to improve financial performance and cost effectiveness
• Ensure adherence to generally accepted accounting principles (GAAP) and company policies
• Perform regular audits to ensure that the plant’s financial information and practices are accurate and compliant
• Collaborate with plant management and other departments to identify opportunities for financial and operational improvements
• Manage inventory, including valuation, tracking, and control of physical inventory
• Prepare and file tax returns, ensuring compliance with state and federal regulations
• Assist in the development and implementation of plant financial systems and controls

 

Plant Accountant Job Description Template

Job Brief

We are seeking a detail-oriented and experienced Plant Accountant to join our team.

The Plant Accountant will be responsible for tracking and evaluating day-to-day activities at the plant, including analysis of financial information and reports to determine or maintain the plant’s record of assets, liabilities, profit and loss, tax liability, or other financial activities.

Our ideal candidate has solid knowledge of GAAP, superior analytical skills, and a keen understanding of manufacturing cost accounting and financial reporting.

Ultimately, the Plant Accountant is responsible for ensuring accurate and timely financial management of the plant in alignment with our company’s financial goals and objectives.

 

Responsibilities

• Prepare, analyze and report weekly, monthly, quarterly gross margin analysis
• Assist in month-end closing, prepare journal entries as necessary, analyze inventory evaluation, inventory roll forward
• Coordinate with IT department for system issues, maintenance and development
• Prepare detailed account analysis and reconcile sales, cost and inventory, liability accounts
• Review and analyze inventory and margin reports, conduct research and perform analytical studies in regards to cost analyses and profitability
• Support and assist internal department reporting requirements such as audit schedules, tax schedules and others
• Ensure timely submission, accuracy and validity of inventory, gross margin schedules to management

 

Qualifications

• Bachelor’s degree in Accounting or related field
• Minimum 3-5 years of experience in a manufacturing environment
• Proven knowledge of accounting principles, practices, standards, laws and regulations
• High attention to detail and accuracy
• Ability to direct and supervise
• Strong analytical and problem-solving skills
• Excellent communication and interpersonal skills

 

Benefits

• 401(k)
• Health insurance
• Dental insurance
• Retirement plan
• Paid time off
• Professional development opportunities

 

Additional Information

• Job Title: Plant Accountant
• Work Environment: Office setting within the plant. Some travel may be required for plant visits or corporate meetings.
• Reporting Structure: Reports to the Plant Manager and Financial Controller.
• Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
• Pay Range: $75,000 minimum to $95,000 maximum
• Location: [City, State] (specify the location or indicate if remote)
• Employment Type: Full-time
• Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
• Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

 

What Does a Plant Accountant Do?

A Plant Accountant is an important professional within the manufacturing and processing industries.

They are primarily responsible for managing and overseeing the financial operations within a plant or factory setting.

They prepare and analyze financial reports, including profit and loss statements, balance sheets, and production costs.

They are often tasked with the identification and implementation of cost-saving measures, and they conduct audits to ensure compliance with financial regulations and standards.

Plant Accountants also collaborate with plant management to develop budgets and financial plans, and they monitor spending to ensure it stays within these budgets.

They might also be involved in the management of inventory, tracking of physical assets, and calculation of depreciation.

Apart from the financial responsibilities, they also have a role in the operational aspects of the plant.

They can contribute to the improvement of operational efficiency by providing insightful financial information and analysis.

Their job also includes staying up-to-date with financial legislation and ensuring the plant’s financial operations are in line with these laws.

They also work closely with external auditors during financial audits.

 

Plant Accountant Qualifications and Skills

A competent Plant Accountant should possess the skills and qualifications that align with your job description, such as:

• Strong understanding of manufacturing accounting and cost accounting principles to accurately manage and report plant financials.
• Excellent analytical skills to evaluate financial data and create forecasts for plant operations.
• Proficiency in various accounting software and Microsoft Office applications, particularly Excel, to prepare and analyze financial reports.
• Strong attention to detail to ensure accuracy in all financial documentation and reports.
• Excellent problem-solving skills to resolve any discrepancies or issues in financial data.
• Strong interpersonal skills to collaborate with various departments in the plant and provide financial insights.
• Excellent communication skills to clearly explain financial information to non-financial staff and management.
• Time management skills to meet deadlines for financial reporting and other accounting tasks.
• Knowledge of regulatory standards and compliance requirements in manufacturing accounting.

 

Plant Accountant Experience Requirements

Entry-level candidates for the Plant Accountant role typically require 1-3 years of experience in an accounting or finance-related field.

They may have gained this experience through internships, part-time roles, or junior positions in accounting departments.

Candidates can also gain relevant experience by working in roles such as Accounts Assistant, Financial Analyst, or Assistant Plant Accountant.

These roles typically involve working closely with financial data, cost management, and budget preparation, all of which are integral to the Plant Accountant role.

Those with 3-5 years of experience are usually considered for more senior Plant Accountant roles.

They have often developed their skills and knowledge through previous roles in cost accounting, financial analysis, or plant operations.

Candidates with more than 5 years of experience may have significant experience in managing plant financial operations.

They could be ready for roles with greater leadership responsibility, such as Plant Controller or Finance Manager.

These roles typically require a deep understanding of plant operations, cost management, and financial reporting, along with proven leadership skills.

In addition to the above, all candidates must have a strong understanding of Generally Accepted Accounting Principles (GAAP), cost accounting, and ERP systems.

A bachelor’s degree in accounting or a related field is typically required, and a CPA or CMA certification is often preferred.

 

Plant Accountant Education and Training Requirements

Plant Accountants typically have a bachelor’s degree in accounting, finance, or a related field.

Understanding of Generally Accepted Accounting Principles (GAAP) and proficiency in accounting software programs are essential skills that plant accountants should possess.

Courses in management, cost accounting, business law, and computer applications are also beneficial for this role.

Many employers prefer plant accountants to have a Certified Public Accountant (CPA) credential or a Master’s degree in Business Administration (MBA).

Some positions may require experience in the manufacturing sector and familiarity with regulations related to it.

Continued professional development through seminars and workshops on topics such as cost analysis and inventory management can also be beneficial.

Candidates with a master’s degree and/or certification may indicate their commitment to the profession and potential for leadership roles.

 

Plant Accountant Salary Expectations

A Plant Accountant typically earns an average salary of $68,456 (USD) per year.

This salary can differ based on factors such as years of experience, the size of the manufacturing plant, and the geographical location of the plant.

 

Plant Accountant Job Description FAQs

What skills does a Plant Accountant need?

Plant Accountants should have a strong foundation in accounting principles and practices.

They should possess excellent analytical skills to interpret complex financial data and draw conclusions.

They need to have a good understanding of manufacturing processes and cost accounting.

Strong computer skills, particularly proficiency in accounting software and Microsoft Excel, are also needed.

They should also have good communication skills to liaise with different departments and present financial reports.

 

Do Plant Accountants need a degree?

Yes, Plant Accountants typically need a Bachelor’s degree in Accounting, Finance, or a related field.

Some employers prefer candidates with a Certified Public Accountant (CPA) designation or a Master’s degree in Business Administration (MBA).

Additionally, experience in a manufacturing setting is often required or preferred.

 

What should you look for in a Plant Accountant resume?

A Plant Accountant resume should highlight the candidate’s educational qualifications, including their degree and any professional certifications.

It should also detail their accounting experience, especially within a manufacturing environment.

Proficiency in relevant software should be mentioned.

Ideally, the resume should demonstrate the candidate’s ability to analyze cost data, prepare financial statements, and handle budgeting and forecasting.

 

What qualities make a good Plant Accountant?

A good Plant Accountant is detail-oriented and has strong analytical skills to scrutinize financial data effectively.

They should have the ability to communicate complex financial information clearly to non-financial colleagues.

They need to be organized, able to meet tight deadlines, and capable of handling confidential information responsibly.

Knowledge about manufacturing processes and cost accounting is an asset.

 

Is it difficult to hire a Plant Accountant?

The difficulty in hiring a Plant Accountant often depends on the job market and the specific requirements of the role.

In some areas, finding a candidate with the necessary combination of accounting expertise and understanding of manufacturing operations can be challenging.

Therefore, offering competitive compensation and benefits can help attract qualified candidates.

 

Conclusion

There you have it.

Today, we’ve delved into the intricate details of what it truly means to be a plant accountant.

And guess what?

It’s not just about crunching numbers.

It’s about nurturing financial growth and stability, one ledger entry at a time.

With our comprehensive plant accountant job description template and real-world examples, you’re fully equipped to step up.

But why stop there?

Dig deeper with our job description generator. It’s your next move towards crafting precise job listings or refining your resume to a tee.

Remember:

Every financial entry contributes to a larger, healthier business ecosystem.

Let’s cultivate that future. Together.