Sr. Cost Accountant
American Accounting Association · Algonquin, IL · Yesterday
Accounting$90k–$110k/yrFull-time
Position Overview
The Sr. Cost Accountant is responsible for determining the cost of raw materials, labor, overhead and valuing inventory across our manufacturing sites. This role supports acquisition integrations, preparing month-end inventory reporting and reconciliations, along with journal entries and other ad hoc projects.
What You’ll Do
- Financial Reporting & Close Responsibilities
- Execute monthly close responsibilities according to schedule for assigned scope areas, including preparing journal entries and variance reporting
- Prepare inventory-related balance sheet account reconciliations and supporting documentation
- Review, investigate, and correct errors and inconsistencies in inventory accounting transactions to ensure proper general ledger treatment
- Lead and execute variance capitalization analysis and reporting, including material usage and purchase price variances, direct and indirect labor, and manufacturing overhead variances; partner with FP&A to incorporate into monthly variance reporting
- Support other enterprise-wide accounting activities as needed
- Costing, Inventory & Manufacturing Support
- Lead preparation, validation, and execution of standard cost rolls
- Participate with cross-functional teams to properly make cost changes in existing BOMs, prepare BOM cost estimates, and support creation of new items/BOMs
- Support manufacturing operating activities as needed (cycle counts, physical inventory, etc.)
- Execute acquisition integration activities related to cost accounting, including opening balance sheet inventory, month-end close support, and standard cost/ERP deployment
- Process Improvement & Cross-Functional Collaboration
- Identify areas within cost accounting to improve processes and lead continuous improvement initiatives (close cycle time, capitalization, perpetual inventory, standard cost rolls, etc.)
- Collaborate cross-functionally with operations, FP&A, and other business partners to ensure accurate costing and reporting
Who You’ll Work With
You will be able to cross-collaborate with Finance, Accounting, Plant Managers, Procurement, Supply Chain and more!
Physical Requirements/Working Locations
- Office/Remote Environment
- This position is based in an office environment and is primarily sedentary in nature. It requires regular use of standard office equipment, including computers, phones, photocopiers, scanners, filing cabinets, and fax machines. Some roles may involve wearing a headset and sustained computer use for 8 or more hours per day.
- Mechanical Plant Environment
- The role routinely involves working around machinery, equipment, and moving mechanical parts. The facility may be subject to varying temperatures, loud noise levels, and airborne particles such as dust or chemical fumes, depending on the area of the plant.