Cost Accountant

Job Description

Job Description

We are looking for a skilled Cost Accountant to support manufacturing finance operations for a Contract position based in Groton, Connecticut. This role focuses on cost control, inventory accuracy, and financial reporting in a production environment, while partnering with operational teams to improve visibility into plant performance. The ideal candidate brings strong experience in standard costing, variance review, and month-end accounting activities within manufacturing.

Responsibilities:
• Manage inventory count activities, including cycle counts and physical inventory reviews, and investigate discrepancies to improve accuracy.
• Establish annual standard costs for existing products and newly introduced materials, ensuring costing data remains current and reliable.
• Analyze manufacturing cost performance by tracking production variances and identifying underlying operational drivers.
• Review labor and overhead results, including absorption impacts, and provide clear explanations for significant fluctuations.
• Prepare and record manufacturing-related journal entries required for the monthly financial close process.
• Contribute to budgeting and forecasting efforts by supplying cost data, trend analysis, and operational insights.
• Develop and distribute recurring cost and performance reports on a daily, weekly, and monthly basis for finance and operations stakeholders.
• Monitor production spending levels and help maintain controls around manufacturing expenses.
• Evaluate inventory, purchase price, and other cost variances to support informed decision-making and financial accuracy.• Demonstrated experience in cost accounting within a manufacturing environment.
• Strong knowledge of standard costing methods, cost analysis, and variance reporting.
• Ability to assess inventory variance, purchase price variance, and overall manufacturing performance trends.
• Experience preparing journal entries and supporting month-end close activities.
• Familiarity with forecasting, budgeting support, and inventory planning concepts.
• Working knowledge of overhead rate analysis, labor costing, and absorption accounting.
• Proficiency with ERP systems such as Epicor and strong reporting skills in a production setting.