Senior Cost Accountant
Job Summary:
The Senior Cost Accountant is a key member of the finance team, responsible for leading the cost accounting function in a dynamic manufacturing environment. This role demands a deep understanding of cost accounting principles and extensive hands-on experience in manufacturing cost structures. The ideal candidate will have a proven track record of driving financial accuracy, optimizing cost control, and supporting strategic decisions with meaningful analysis and insights.
Key Responsibilities:
Cost Accounting Leadership:
- Lead the development, implementation, and continuous improvement of the company’s cost accounting system.
- Analyze standard versus actual costs, investigate variances, and effectively communicate findings and recommendations.
- Ensure the accuracy and integrity of standard costs, Bills of Materials, and cost roll-ups across all manufacturing processes.
Advanced Financial and Data Analysis:
- Prepare, analyze, and report monthly gross margin analyses by customer, part number, and production jobs.
- Evaluate the cost impact of changes in product design, material usage, production methods, and supplier pricing.
- Conduct complex cost modeling and scenario planning to support pricing strategies, budgeting, and long-term forecasting.
Inventory Management:
- Oversee the full inventory costing process, including physical inventory and cycle counts, account reconciliations, and reserve analysis for the plants in the US and the Philippines
- Monitor inventory transactions and assess risks, working closely with operations to maintain accurate valuation and minimize shrinkage.
- Identify trends and variances to proactively mitigate financial exposure.
Reporting and Compliance:
- Drive month-end and year-end close processes specific to cost and inventory accounting, ensuring accuracy and completeness.
- Prepare detailed cost and inventory reports and support financial audits.
- Ensure compliance with GAAP and internal controls specific to manufacturing cost environments.
Process Improvement and Strategy:
- Identify, lead, and implement initiatives to improve cost efficiency, financial transparency, and operational effectiveness.
- Serve as a strategic partner to operations, supply chain, and leadership by providing financial guidance related to cost management.
- Stay current with industry trends, accounting standards, and technology tools relevant to cost accounting.
Team Collaboration and Mentorship:
- Partner closely with cross-functional teams, including finance, operations, supply chain, and engineering.
- Provide mentorship to staff accountants and contribute to building a high-performing finance team.
- Communicate complex financial data in a clear, concise manner to both technical and non-technical stakeholders.
Qualifications:
- Education: Bachelor’s degree in accounting, Finance, or a related field. CPA or CMA certification strongly preferred.
- Experience: Minimum of 5–10 years of comprehensive cost accounting experience within a manufacturing environment, preferably involving multi-plant or multi-country operations.
- Skills:
- Expert-level knowledge of cost accounting principles and practices.
- Strong proficiency with ERP systems (MISys, Sage50/Peachtree) and advanced Excel skills.
- Demonstrated ability to manage large datasets and drive actionable insights.
- Strong analytical mindset with attention to detail and accuracy.
- Excellent interpersonal and communication skills; comfortable presenting to senior leadership.
Preferred Qualifications:
- Experience with standard cost methodology.
- Demonstrated success in implementing cost-saving initiatives and improving costing systems.
- Strong knowledge of internal controls, financial compliance, and audit practices related to inventory and cost accounting.
Benefits:
- Excellent compensation
- Medical, Dental, Vision, Life Insurance, Short/Long term Disability
- 401K Retirement Plan with matching up to 4%
- Paid Vacation and Sick Time
- 11 paid Holidays
Work Environment: The employee may be exposed to a variety of manufacturing conditions. The noise level in the work environment can be loud at times.
Physical Demands: While performing the duties of this job, the employee is regularly required to talk and hear. This position may involve sitting, standing, walking, bending, and lifting items up to 50 pounds.
EEO Statement: BTC Power provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.
