Cost Accountant
Description We are looking for a skilled Cost Accountant to join our dynamic manufacturing team in Rock Island, Illinois. This role is essential in ensuring accurate cost management and inventory oversight, while supporting pricing strategies and profitability analysis. The ideal candidate will bring expertise in cost accounting and inventory processes to drive efficiency and contribute to business success. Responsibilities:
- Analyze and update inventory costs regularly to ensure accuracy and alignment with current data.
- Manage pricing and cost structures in compliance with U.S. tariffs, keeping leadership updated on relevant changes.
- Develop and maintain internal controls to guarantee timely and correct inventory transaction postings.
- Monitor inventory balances and oversee monthly cycle count procedures to ensure consistency and accuracy.
- Prepare quarterly cost and pricing adjustments for key customers, reflecting market trends and internal factors.
- Design and document efficient inventory transaction processes, including the creation of Standard Operating Procedures (SOPs).
- Conduct monthly inventory reconciliations and closing activities to produce accurate reporting and analysis.
- Perform profitability analyses for products and collaborate with management on strategies to improve margins.
- Assist in the annual calculation of overhead costs, ensuring precise inputs and recalculations.
- Support periodic physical inventory counts, coordinating preparation and ensuring accurate results. Requirements - Bachelor's degree in Accounting or a related field.
- Minimum of 3 years of experience in cost accounting, with a focus on inventory management.
- Proficiency in manufacturing cost accounting practices, including standard cost and inventory reconciliation.
- Demonstrated expertise in cost analysis and pricing strategies.
- Strong analytical skills with attention to detail and accuracy.
- Familiarity with U.S. tariffs and their impact on pricing and cost structures.
- Excellent organizational and documentation skills to support process improvements.
- Ability to collaborate effectively with cross-functional teams and management.