We're looking for a Cost Accountant to analyze material, labor, and other expenses to determine production costs, cost of goods sold and other cost-related performance measures. Candidate will capture and classify cost data to determine the cost associated with products/product lines, project, or departments and provide cost-related data in support of business decisions or for use in financial reporting.
RESPONSIBILITIES:
- Develop and maintain standard costs for all manufactured items.
- Analyze variances between standard and actual costs and recommend corrective actions.
- Support month-end and year-end closing activities related to cost accounting.
- Prepare cost estimates for new products or concepts, formulation changes, cost reductions or cost reduction project calculations and comparative analysis.
- Perform weekly task including but not limited to variance reports, journal entries and planning cost updates.
- Analyze fully reserved on hold inventory monthly to determine the disposition of this inventory.
- Create and maintain item master data including descriptions, units of measure, costing methods, and classifications.
- Ensure consistency and accuracy in item setup across sites and systems.
- Maintain speed, routings, and work center costing in alignment with current manufacturing processes.
- Create and maintain BOMs and production routings for all manufactured products.
- Ensure BOMs and routings reflect current manufacturing processes and material usage.
- Collaborate with engineering and operations to update BOMs and routings as needed.
- Calculate and maintain machine $/hour rates based on labor, overhead, and depreciation.
- Work with finance and operations to ensure accurate cost allocation and absorption.
- Identify and implement process improvements to enhance data accuracy and operational efficiency.
- Support system upgrades and ERP implementations related to inventory and costing.
- Drive continuous improvement initiatives in cost transparency and reporting.
BACKGROUND PROFILE:
- Bachelor’s degree (B.A.) from four-year college or university in Accounting, Finance, Business, or related field
- Minimum of 5 years of experience in cost accounting or manufacturing finance
- Experience with ERP systems and item master data management
- CPA, CMA, or other relevant certification is a plus
- Experience with Microsoft Dynamics 365 or similar ERP system
- Advanced Excel skills; experience with data analysis tools (e.g., SQL, Power BI)
- Strong analytical and problem-solving abilities
- Excellent communication and collaboration skills
- Ability to manage multiple projects and priorities effectively
- Detail-oriented with strong organizational and analytical skills.
- Collaborative mindset with ability to work cross-functionally across departments.
- Strong communication skills to translate technical data into actionable insights.
- Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
- Demonstrate ownership and accountability in delivering high-quality financial data.