Cost Accountant

Cost Accountant

Cost Accountant $85,000 - $110,000 Finance & Accounting Professional, are you ready to take your career to another level with an organization that will have your interest in mind first? For the past 20 years, CPS has been working with the largest employers, specifically for their accounting and finance needs. We work strategically with our clients to find and match the best accounting and finance professionals to help improve their business. Here at CPS, Inc, we only work with our clients to directly place quality talent for permanent and full-time positions. Our experienced recruiters spend time getting to know you, what type of work and company culture you like, and what your career goals are moving forward. We use our experience and knowledge of our client companies to find the right match for you. If you are looking to build your career, ready to take on new challenges, and gain the experiences you have always wanted, we want to work with you!

Cost Accountant Summary

The Cost Accountant is responsible for analyzing and reporting manufacturing costs, maintaining accurate inventory and cost accounting records, and supporting the month-end close process. This role will monitor product costs, investigate manufacturing variances, and provide financial analysis and insights to support operational and business decisions. The Cost Accountant will work closely with Operations, Supply Chain, Production, Engineering, and Finance teams to ensure accurate costing, inventory valuation, and financial reporting while identifying opportunities to improve profitability and operational efficiency.

Essential Functions

• Perform monthly cost accounting activities, including inventory valuation, standard cost updates, journal entries, and account reconciliations.
• Maintain and analyze standard costs for raw materials, labor, overhead, and finished goods.
• Analyze material, labor, overhead, purchase price, production, and inventory variances and communicate key drivers to management.
• Prepare monthly cost and variance reports and provide explanations for significant fluctuations.
• Partner with Operations and Production teams to understand manufacturing performance, production costs, and operational variances.
• Monitor inventory balances and ensure accurate valuation in accordance with U.S. GAAP and company accounting policies.
• Reconcile inventory subledgers to the general ledger and investigate discrepancies.
• Analyze inventory movements, adjustments, scrap, obsolescence, and reserves.
• Assist with the development and maintenance of bills of materials, routings, labor rates, and overhead rates.
• Support the annual budgeting and forecasting process, including manufacturing cost and inventory assumptions.
• Assist with the preparation of monthly financial statements and management reporting.
• Perform gross margin and profitability analysis by product, customer, business unit, or production line.
• Monitor manufacturing costs and identify trends, inefficiencies, and opportunities for cost reduction.
• Assist with physical inventory counts and cycle count programs and investigate inventory discrepancies.
• Support the month-end, quarter-end, and year-end close processes.
• Prepare supporting schedules and documentation for internal and external audits.
• Assist with the development and implementation of cost accounting policies, procedures, and internal controls.
• Participate in ERP implementations, system enhancements, and process improvement initiatives.
• Provide financial analysis and ad hoc reporting to Finance and Operations leadership.