Cost Accountant
Indexed description
Key Responsibilities
Cost Accounting & Analysis
- Maintain and update standard costs for raw materials, components, labor, and overhead in alignment with production changes and company cost-accounting policies.
- Analyze manufacturing cost variances, including purchase price variance, material usage, labor efficiency, overhead absorption, scrap, and yield performance.
- Perform month-end cost accounting close activities, including journal entries, accruals, and account reconciliations.
- Prepare detailed reports for COGM/COGS, production variances, and cost trend analysis.
- Support margin analysis by SKU, product line, and customer as assigned by the Controller.
- Assist in maintaining accurate routing and BOM structures within the ERP system.
- Perform routine inventory reconciliations across raw materials, WIP, and finished goods; investigate and resolve discrepancies.
- Support cycle counts and physical inventory audits; ensure adherence to corporate inventory control policies.
- Validate BOM accuracy, routing standards, and material consumption to ensure alignment between financial and operational data.
- Partner with operations, engineering, and supply chain to understand cost drivers and identify efficiency improvements.
- Evaluate the cost impact of process changes, new products, engineering updates, and material substitutions.
- Assist with make-vs-buy analyses, cost estimates for new products, and review of capital expenditure proposals.
- Provide operational cost insights to support continuous improvement, yield optimization, and scrap reduction initiatives.
- Support the Controller in preparing forecasts, budgets, and cost variance explanations.
- Prepare cost-related dashboards and KPI reporting (e.g., scrap, throughput, yield, absorption, labor efficiency).
- Ensure compliance with GAAP, manufacturing cost accounting standards, internal control requirements, and company policies.
- Maintain proper documentation and audit support for cost accounting areas.
- Bachelor’s degree in Accounting, Finance, or related field.
- CPA, CMA, or progress toward certification.
- 3+ years of accounting/finance experience in a manufacturing environment.
- Experience within solar, semiconductor, electronics, or other high-volume manufacturing environment preferred.
- Experience with financial software and ERP systems (e.g., SAP, Oracle, Microsoft Dynamics).
- Experience in financial reporting, cost accounting, and standard costing in a manufacturing or industrial setting.
- Strong knowledge of GAAP and cost accounting principles.
- Advanced Excel skills (lookups, pivot tables, cost modeling).
- Excellent analytical, problem-solving, and communication skills.
- Ability to work cross-functionally and influence operations and engineering partners.
- High attention to detail with strong organizational skills.
- Ability to manage multiple priorities in a fast-paced manufacturing environment.
Create a free Caio profile to unlock more results and save your role and location preferences.
Unlock free search