Cost Accountant
Vibrant Ingredients · Indianapolis, IN · 1 mo ago
On-siteAccountingFull-time
About the role
We are a trusted partner to our customers when it comes to innovation and an industry leader in clean label ingredients, we are a true partner. We collaborate with our customers in ways that respect people and the environment. A commitment to Purely Better™ drives our innovation team to discover new, on trend solutions. As the Costing and Inventory Accounting Specialist, you will serve as the key point of contact for all inventory-related financial activities, ensuring accuracy in product costing, compliance with corporate policies, and transparency in reporting.
How will you contribute
- To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable accommodation may be made to enable qualified individuals with disabilities to perform essential job functions.
- Inventory & Cost Accounting
- Review and validate BOMs for accuracy of raw materials, packaging, and routing costs
- Maintain and reconcile monthly inventory roll-forward schedules across raw materials, WIP, and finished goods
- Ensure accurate cost accounting by tracking purchase price variances, usage variances, and yield losses
- Monitor and report on inventory adjustments, obsolescence, and shrinkage
- Prepare and post journal entries for inventory-related transactions, reserves, and accruals
- Perform detailed month-to-month cost analysis, explaining variances in inventory balances and COGS
- Partner with Operations Finance to reconcile standard vs. actual costs and ensure accuracy of financial statements
- Business Partnering & Continuous Improvement
- Collaborate with Operations and Supply Chain teams to strengthen inventory controls and cycle count accuracy
- Support process improvements to streamline BOM management, costing, and reporting workflows
- Provide actionable insights to improve working capital, reduce write-offs, and optimize inventory levels
- Partner with Finance leadership to support budgeting, forecasting, and cost optimization initiatives tied to inventory performance
Minimum Requirements/Qualifications
- Bachelor’s degree in Accounting, Finance, or related field
- 4–6 years of progressive finance or accounting experience, preferably in a manufacturing environment
- Prior exposure to cost accounting, inventory accounting, and BOM review
- Experience with ERP systems (Business Central, SAP, Great Plains/Vicinity, etc.)
Preferred Qualifications
- Strong analytical and problem-solving skills with high attention to detail
- Solid foundation in U.S. GAAP and inventory accounting practices
- Experience preparing inventory roll-forward schedules and variance analyses
- Demonstrated ability to collaborate cross-functionally with Operations, Supply Chain, and Finance
- Advanced Excel skills; ERP reporting tool experience a plus
- Strong communication skills to explain financial insights to both finance and non-finance stakeholders
- Comfortable operating in a fast-paced, high-mix manufacturing environment