COMPANY OVERVIEW:
Cree, Inc. is a market-leading innovator and manufacturer of semiconductors that enhance the value of LED solid-state lighting, power and communications products by significantly increasing their energy performance. In fiscal year 2008, we achieved record revenue of almost $500 million.
Key to Cree’s market advantage is unrivaled materials expertise in silicon carbide (SiC) with gallium nitride (GaN) to deliver chips and packaged devices that can handle more power in a smaller space while producing less heat than other available technologies, materials and products. Cree’s product families include blue and green LED chips, lighting LEDs, LEDs for backlighting, power-switching devices and radio-frequency/wireless devices.
We are headquartered in the Triangle area (Raleigh/Durham, NC), an area consistently ranked as a ”Top 10 Places to Live” by Money Magazine. The Research Triangle Park (RTP) area was recently voted the #1 high tech region in the country by the Silicon Valley Leadership Group. RTP consists of approximately 112 research related organizations that employ over 40,000 people.
Cree boasts a casual work environment and has an onsite fitness center complete with indoor track, indoor basketball gym, racquet ball courts, aerobics room, free weights, nautilus machines and cardio machines (the use of the center is free for employees and spouses).
We are currently looking for a Cost Accountant for our XLAMP development group.
SUMMARY:
In this position you will perform all costing activities associated with XLAMP operations at the Isotech and Durham locations. Additionally, this you will be primarily responsible for raw material valuations, the global inventory reconciliations, compliance and policy documentation for the cost accounting function, and ad hoc analysis.
You will maintain XLAMP business unit cost reporting files including assurance of FIFO rules, cost reasonableness checks, allocation factors and new product additions. You will prepare journal entries to record inventory valuation changes and reconcile XLAMP business unit inventory subledger to Balance Sheet and Income Statement.
In this role you will support the Cost Manager/Business Unit Controller with explanations of cost variations to history and budget. You will conduct reviews of XLAMP WIP and FG inventory for obsolescence including preparation of reserve files, review with Purchasing, Operations, and Sales, recording of reserve valuation changes via journal entry, reconciliation to general ledger and communication of reserve value changes to management. You will provide management with data, analysis, and recommendations to strategically enhance financial performance and business opportunities.
In this position you will reconcile all Cree domestic Raw Material accounts and post necessary journal entries and coordinate with logistics personnel to ensure proper recording of raw inventory trxns. You will Compile various monthly closing reports: Consolidated Inventory Reconciliation, DOH analysis, and Reserves Reconciliation.
You will manage both external and internal audit requests regarding costing documentation and be responsible for codifying cost accounting policies and procedures. In addition, you may be assigned other project or duties.
REQUIREMENTS
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BS/BA degree in Finance or Accounting
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5 years experience in Accounting & Finance roles
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3 years experience with Cost Accounting
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Access and Advanced Microsoft Excel
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Candidate must be a US Citizen or Green Card Holder
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Strong analytical and organizational skills
PREFERENCES:
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MS degree in Finance or Accounting
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CPA or CMA
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Knowledge of Oracle
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Background of process improvement projects
If you meet the stated requirements and have interest in this opportunity please take a few minutes to apply online.
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