Senior Cost Accountant

Job Description

Job Description

Job Summary:

The Senior Cost Accountant will be responsible for inventory accounting, standard costing, project cost tracking, profitability analysis, and manufacturing financial reporting. This role partners closely with Operations, Engineering, Project Management, and Finance to improve cost visibility, support business growth, and ensure accurate financial reporting.

Duties/Responsibilities:

• Maintain and update standard costs for materials, labor, and overhead.
• Perform monthly cost variance analysis and communicate findings to management.
• Maintain SAP costing-related master data, including material masters, BOMs, routings, work centers, and standard cost updates.
• Ensure accuracy of BOMs and costing structures within SAP.
• Lead monthly inventory reconciliations and investigate inventory variances.
• Oversee cycle counts, physical inventories, and inventory valuation.
• Review scrap, rework, freight, duty, and tariff allocations.

• Track project costs including materials, labor, freight, tariffs, and subcontractor expenses.
• Monitor project budgets versus actual costs and identify cost overruns.
• Prepare project profitability and gross margin reports.
• Partner with Project Managers and Operations to support project reporting and revenue recognition.
• Monitor WIP, overbillings, and unbilled receivables.

• Prepare COGS and gross margin reporting by product line and project.
• Support month-end and year-end close activities.
• Assist with budgets, forecasts, and manufacturing cost planning.
• Support audit requests and documentation.
• Implement process improvements and strengthen internal controls.

Required Skills/Abilities:

• Strong analytical and problem-solving skills.
• High attention to detail and accuracy.
• Ability to communicate financial information to non-finance stakeholders.
• Strong business partnering and collaboration skills.
• Process improvement mindset with a focus on efficiency and controls.
• High level of integrity, accountability, and professional judgment.

Education and Experience:

• Bachelor’s degree in Accounting, Finance, or a related field.
• 5+ years of cost accounting experience in a manufacturing or project-based environment.
• Strong knowledge of standard costing, inventory accounting, job costing, and variance analysis.
• Experience with ERP systems, preferably SAP.
• Solid understanding of GAAP, inventory valuation, and project accounting principles.
• Advanced Microsoft Excel skills, including PivotTables, lookups, and financial analysis.
• Preferred:
• Experience in electrical equipment, manufacturing, or engineered-to-order environments.
• Experience with long-term projects, profitability reporting, and revenue recognition concepts.
• Experience with multi-entity operations and intercompany transactions.
• Experience working with Operations, Engineering, and Project Management teams.

Physical Requirements:

• Ability to sit for extended periods
• Ability to work at a computer for long durations