Senior Cost Accountant

Senior Cost AccountantBoulder, Colorado, United StatesElectra is reinventing ironmaking from the ground up with a breakthrough electrochemical technology that produces high purity clean iron and critical co-minerals. With two operating pilots in Boulder and a new demonstration facility underway in Jefferson County, we're on track to reach commercial scale by the end of the decade. Backed by over $300 million and strategic partnerships with global leaders across mining, steel, and big tech, momentum is on our side. Recognized by Fast Company as a Most Innovative Company and a Next Big Thing in Tech, and named one of TIME's 100 Climate Leaders, we're building a company shaping the future of industry. If you're looking to make an impact and join a team that's driven, focused, and scaling, we want to hear from you.The Senior Cost Accountant is a highly visible, high-impact role within Electra's growing accounting team—offering a unique opportunity to help build and scale world-class manufacturing accounting processes from the ground up. This role sits at the center of Electra's transition from development to demonstration plant operations and ultimately to full-scale manufacturing.You will take ownership of critical cost accounting and fixed asset processes, including inventory valuation, construction-in-progress (CIP), and manufacturing cost analytics, while playing a pivotal role in shaping the systems, controls, and reporting infrastructure that will support Electra's next phase of growth. This is a hands-on position ideal for someone who thrives in a dynamic environment and is excited to drive both operational insight and process transformation.The Senior Cost Accountant will partner closely with Operations, Engineering, Supply Chain, and FP&A to enhance cost visibility, improve accuracy, and deliver actionable insights that directly influence business decisions. You will also be a key contributor in strengthening internal controls, supporting audit readiness, and scaling accounting processes in alignment with GAAP.Responsibilities include:Fixed Asset and Construction-in-Progress Tracking: Establish and document accounting treatment, policies, and procedures for our demonstration plant assets that are constructed and placed-in-service including depreciation, internal cost allocations, and disposalsCost Accounting System Development: Establish and maintain robust cost accounting systems to track raw materials, labor, and overhead costs in accordance with GAAP inventory methods. Serve as the accounting liaison for NetSuite enhancements, testing, and system changes impacting inventoryInventory & WIP Management: Monitor work-in-process (WIP) and inventory levels. Support monthly/quarterly physical inventory counts and reconcile discrepanciesVariance Analysis: Analyze manufacturing variances (material, labor, overhead, and purchase price) and communicate findings to Finance and Operations management to drive process improvementsMonth-End Close: Lead month-end close activities, including preparing journal entries and reconciling inventory sub-ledgers to the general ledgerProfitability & Margin Analysis: Prepare monthly gross margin reports by product, customer, and production job to assist in pricing strategiesProcess Improvement: Partner with FP&A, Operations, and Supply Chain to assess cost changes and downstream financial impact. Identify opportunities to reduce costs and increase efficiency in production and purchasingControls, Risk & Audit: Own inventory-related internal controls, including documentation, testing, and periodic self-assessmentServe as a key accounting contact for financial and inventory-related audits; support audit requests and resolution of findingsEnsure compliance with GAAP and company inventory accounting policiesDevelop, document, and maintain inventory accounting policies and proceduresAssist with monitoring the cycle count program, execute the year-end physical inventory, and report results. You will be responsible for reconciling raw material and finished goods inventoriesSystem Implementation: Assist in ERP/software implementation or optimization to ensure accurate costing dataWhat we need you to bring to the team:Bachelor's degree in Accounting, Finance or a related field8+ years of progressive experience in construction-in-progress, inventory accounting, cost accounting, or manufacturing accounting environments, including direct ownership of inventory valuation, reconciliations, and reporting process. Candidates with an active CPA license and highly relevant experience may be considered with 5+ years of experienceAdvanced knowledge of inventory costing and valuation methodologies within process and discrete manufacturing environments, including Weighted Average Cost, Standard Cost, and FIFO methodologiesDemonstrated ability to apply advanced professional accounting knowledge, business acumen, and analytical skills to resolve complex accounting and operational issuesStrong variance analysis, problem-solving, and root cause identification skills, with the ability to proactively develop practical and effective solutionsAdvanced Microsoft Excel skills, including experience with large datasets, pivot tables, lookup functions, and financial analysis toolsHands-on experience with ERP systems, preferably NetSuite, including ownership of inventory-related workflows, reconciliations, reporting, and process improvementsAbility to analyze complex situations and exercise sound professional judgment in selecting methods, adapting techniques, and determining appropriate procedures for new or evolving assignmentsDemonstrated ability to work independently, manage multiple priorities, and operate effectively in a fast-paced environment with shifting business needsStrong communication and collaboration skills, including the ability to clearly communicate complex financial information to cross-functional stakeholdersExperience mentoring junior team members, leading internal initiatives or projects, and influencing business decisions without direct people management responsibilityHigh attention to detail, strong organizational skills, and commitment to accuracy and continuous improvementWhat we want you to bring to the team:Previous experience in a fast-paced startup or high-growth manufacturing companyPosition Details:This position is based in the Boulder, CO area and requires regular onsite collaboration at both our Boulder headquarters and Broomfield office. During the first 90 days, employees are expected to work onsite to support onboarding, training, and relationship building. Following successful onboarding, employees may be eligible for a flexible hybrid work schedule that includes time working from home, based on business needs and manager approval.Compensation:The anticipated starting pay range for this position is $105,000-$130,000 and may be more or less depending upon skills, experience, and education.Benefits For You:100% paid premiums across all medical, dental, vision, telemedicine, short-term disability, long-term disability, and basic life insurance plans$1,800 in annual employer HSA contributions (health savings account)Reasonable Use PTOBenefits For Your Family:100% paid premiums across all medical, dental, vision, and telemedicine plans12 weeks of paid parental leaveBenefits For Your Future:401k with up to 5% matching contributions which vest 100% on day oneEligibility for incentive stock optionsIf you need an accommodation during the application or interview process, reach out to us at View email address on click.appcast.io We're here to help.