Cost Accountant

Description

The Cost Accountant is responsible for analyzing and reporting on manufacturing costs, inventory valuation, and cost variances to ensure accurate financial reporting and informed decision-making. This role supports U.S. operations by maintaining standard costs, participating in month-end close, and collaborating with operations, supply chain, and finance to improve profitability and cost efficiency across multiple manufacturing sites.

ESSENTIAL DUTIES & RESPONSIBILITIES:

· Maintain and update standard cost structures for materials, labor, and overhead.

· Analyze and report on purchase price variances, labor variances, and manufacturing overhead variances.

· Support product costing, cost rollups, and bill of material validations.

· Prepare and analyze cost of goods sold (COGS) reports and gross margin analysis.

· Review actual vs. standard costs and report significant variances.

· Support annual standard cost roll processes and year-end inventory valuation updates.

· Reconcile inventory between subledger and general ledger.

· Monitor and analyze inventory movements, scrap, and obsolescence.

· Assist in establishing and maintaining inventory reserve policies and calculations.

· Support cycle counts and annual physical inventory, including variance analysis.

· Participate in month-end close by preparing cost-related journal entries and accruals.

· Prepare detailed inventory and COGS schedules for financial reporting.

· Support internal and external audits with relevant cost documentation.

· Ensure compliance with US GAAP and internal controls related to inventory and costing.

· Work with manufacturing and operations to analyze production costs and improve profitability.

· Provide financial insights and modeling for pricing decisions, make/buy analysis, and capex evaluations.

· Partner with operations teams to track cost reduction initiatives and measure impact.

· Support ERP system improvements and automation of cost accounting processes.

Requirements

 · Education: Bachelor’s degree in Accounting, Finance, or related field (required).

· Experience: 3–5 years of relevant experience in cost accounting, preferably in a manufacturing environment.

· Computer Skills: Experience with standard cost systems, ERP systems (such as Dynamics 365, SAP, or NetSuite), and Excel-based analysis tools.

· Mathematical Abilities: Strong understanding of US GAAP, inventory accounting, and variance analysis.

· Communication Skills: Excellent verbal and written communication skills, with the ability to work effectively across departments.

· Other Skills: Ability to multi-task, meet deadlines, and take ownership of projects. Strong attention to detail and team player attitude.