Cost Accounting Analyst

PURPOSE The Cost Accounting Analyst will be responsible for analyzing manufacturing costs, preparing reports, and providing insights to support informed business decisions. This position requires a strong understanding of cost accounting principles, excellent analytical skills, and the ability to communicate effectively with various stakeholders.

ESSENTIAL DUTIES

Cost Analysis:

Analyze standard costs and actual production costs, identifying variances and providing explanations.

Inventory Accounting:

Maintain accurate inventory costing records, including raw materials, work-in-progress, and finished goods. Participate in physical inventory counts and cycle counts.

Variance Analysis:

Investigate and explain production variances related to material, labor, and overhead. Prepare detailed variance reports and provide recommendations for improvement.

Cost Reporting:

Prepare regular and ad-hoc cost accounting reports for management, including cost of goods sold, gross margin analysis, and profitability analysis.

Standard Costing:

Assist in the development and maintenance of standard costs for all manufactured products. Review and update standards as needed.

Budgeting and Forecasting:

Support the budgeting and forecasting processes by providing cost data and analysis.

Process Improvement:

Identify and implement opportunities for process improvements within the cost accounting function.

Internal Controls:

Ensure compliance with internal controls related to inventory and cost accounting.

Cross-Functional Collaboration:

Collaborate with Manufacturing, Operations, and other departments to understand production processes and cost drivers.

Ad-hoc Projects:

Participate in special projects and provide cost analysis as needed.

PHYSICAL DEMANDS/WORK ENVIRONMENT

Working conditions are typical for an office environment Work requires extensive work using a computer Maintain seated posture/position for eight of more hours per day Will require time in the manufacturing area where standing for a pro-longed time will be necessary Responsibilities may require evening and weekend work in response to needs of the systems being supported

MINIMUM REQUIREMENTS

Bachelor's degree in Accounting, Finance, or a related field. 2 years of experience in cost accounting or a related analytical role, preferably within a manufacturing environment. Strong understanding of cost accounting principles, including standard costing, variance analysis, and inventory valuation methods (FIFO, LIFO, weighted average). Excellent analytical and problem-solving skills with a strong attention to detail. Proficiency in Microsoft Excel Experience with ERP systems is highly desirable. Strong communication (both written and verbal) and interpersonal skills, with the ability to present findings to non-financial stakeholders. Strong organizational and time management skills with the ability to meet deadlines.

Pay:

$55,000.00 - $65,000.00 per year

Benefits:

401(k) 5% Match Employee assistance program Health insurance Paid time off Tuition reimbursement

Language:

English (Required)

Work Location:

In person