Cost Accountant
Description We are looking for a skilled Cost Accountant to join our team in Manitowoc, Wisconsin. This role focuses on analyzing and managing costs within a manufacturing environment to ensure accurate reporting, support strategic decision-making, and drive operational efficiency. The ideal candidate will bring expertise in cost analysis, inventory valuation, and financial controls to help optimize production processes and enhance profitability. Responsibilities:
- Develop and maintain accurate standard costs for products, components, and manufacturing processes.
- Conduct detailed cost variance analyses, including material, labor, and overhead costs, and identify root causes.
- Oversee the accuracy of bill of materials (BOMs) and routings, ensuring alignment with production requirements.
- Analyze production costs to identify opportunities for cost reduction and process improvements.
- Provide detailed cost models and scenario analyses to support new product launches and strategic initiatives.
- Prepare detailed cost projections for RFQs and business proposals, ensuring assumptions are well-supported.
- Manage inventory valuation processes, including cycle counts and reconciliation between physical inventory and system records.
- Ensure adherence to company policies, internal controls, and audit compliance regarding cost accounting practices.
- Create monthly manufacturing cost reports and dashboards to provide insights into cost trends and operational performance.
- Support budgeting and forecasting activities for manufacturing cost centers to align with organizational goals. Requirements - Bachelor's degree in Accounting, Finance, or a related field; certifications demonstrating attention to detail are a plus.
- Minimum of 5 years of experience in cost accounting within a manufacturing environment.
- Proficiency in standard costing, BOMs, and cost flow analysis.
- Advanced knowledge of Excel and experience with SAP or similar ERP systems.
- Strong analytical skills and the ability to interpret complex data sets.
- Excellent communication and collaboration skills to work effectively with cross-functional teams.
- Detail-oriented with a focus on accuracy in financial reporting and cost analysis.
- Familiarity with continuous improvement methodologies such as Lean or Six Sigma is advantageous.