About this role
Sr Cost Accountant NA is responsible for managing the cost accounting system and producing accurate inventory valuations and Cost of Goods Sold (COGS) reporting. The role performs close activities, maintains standard costs, analyzes manufacturing variances, and supports audits, budgeting, forecasting, and product costing for the North American IDS region.
Key Responsibilities
- Perform month-end and year-end cost accounting close procedures
- Maintain standard costs for materials, labor, and overheads
- Analyze manufacturing cost variances (Material/PPV, labor, overheads) and drive root cause corrective actions
- Ensure inventory management via cycle counts, inventory adjustments, and E&O reserves
- Support audits and compliance with Cost Accounting Standards (CAS), GAAP, and SOX while providing product costing for pricing and transfer pricing
Technical Overview
You will run month-end and year-end cost accounting close, maintain material/labor/overhead standard costs, and perform variance analysis including Material/PPV, labor, and overheads. The job requires strong controls and compliance work (Cost Accounting Standards (CAS), GAAP, and SOX) plus ERP systems proficiency (Oracle preferred) and general ledger reconciliations for inventory accounts.
Ideal Candidate
The ideal candidate is a mid-level cost accounting professional with 3-5 years of cost accounting experience in a manufacturing or process environment. They can run month-end and year-end close activities, maintain standard costs, analyze Material/PPV and other manufacturing variances, and ensure compliance with CAS, GAAP, and SOX controls while partnering with operations and supply chain teams.
Must-Have Skills
Cost accounting system managementAccurate valuation of inventory and Cost of Goods Sold (COGS)Perform month-end and year-end cost accounting close proceduresMaintain standard costsincluding setting and updating standard costs for materiallaborand overheadsAnalyze and report on manufacturing cost variances and identify root causesCoordinate with Supply Chain and Operations teams to ensure effective inventory management including cycle counts and inventory adjustmentsCalculate and analyze inventory valuation including excess and obsolescence (E&O) reservesPrepare general ledger reconciliations for inventory accountsSupport financial audits and ensure compliance with Cost Accounting Standards (CAS)GAAPand internal controls (e.g.SOX)Support annual budgeting and forecasting with cost data and analysisProvide product costing information for strategic pricing decisions and intercompany transfer pricing
Tools & Platforms
ERP systemsOracleGeneral ledgerSOX (Sarbanes-Oxley Act)
Required Skills
Cost accountingcost accounting systeminventory valuationCost of Goods Sold (COGS)month-end closeyear-end closestandard costsMaterial/PPVlabor variancesoverheads varianceroot cause analysiscorrective actionsinventory managementcycle countsinventory adjustmentsexcess and obsolescence (E&O) reservesgeneral ledger reconciliationsCost Accounting Standards (CAS)GAAPinternal controlsSOX (Sarbanes-Oxley Act)budgetingforecastingproduct costingstrategic pricingintercompany transfer pricingERP systemsOracle
Hard Skills
Cost accountingInventory valuationCost of Goods Sold (COGS)Month-end close proceduresYear-end cost accounting close proceduresStandard costsVariance analysisMaterial/PPV (price variance)Labor varianceOverheads varianceRoot cause analysisCorrective actionsInventory managementCycle countsInventory adjustmentsInventory valuation analysisExcess and obsolescence (E&O) reservesGeneral ledger reconciliationsInventory accounts reconciliationsFinancial audits supportCost Accounting Standards (CAS)GAAPInternal controlsSOX (Sarbanes-Oxley Act)BudgetingForecastingProduct costingStrategic pricing decisionsIntercompany transfer pricingERP systemsOracle
Soft Skills
Cross-functional collaborationAttention to detailAnalytical thinkingProblem-solvingAbility to manage month-end and year-end close timelinesCommunication with operations and engineering teamsOwnership of corrective actions
Keywords for Your Resume
Sr Cost AccountantCost Accountantcost accountingcost accounting systeminventory valuationCost of Goods Sold (COGS)month-end closeyear-end closestandard costsmaterial variancesMaterial/PPVlabor variancesoverheadsroot causecorrective actionscycle countsinventory adjustmentsexcess and obsolescence (E&O) reservesgeneral ledger reconciliationsCost Accounting Standards (CAS)GAAPinternal controlsSOXSarbanes-Oxley Actbudgetingforecastingproduct costingstrategic pricingintercompany transfer pricingERP systemsOracleNorth American IDS regionmanufacturing costsSOX (Sarbanes-Oxley Act)
Deal Breakers
Bachelor's degree in Accounting or Finance, 3-5 years of cost accounting experience in a manufacturing or process environment, Must be able to perform month-end and year-end cost accounting close procedures, Must have experience with standard costs and variance analysis (Material/PPV, labor, overheads), Must demonstrate SOX (Sarbanes-Oxley Act) and GAAP compliance experience
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