Cost Accountant

Position Summary: The role involves delivering precise and comprehensive cost and financial analyses to enhance business operations and decision-making. Responsibilities include reconciling inventory records with physical counts, addressing discrepancies, and recommending corrective measures. As an integral member of the financial team, the position contributes to the budgeting and month-end closing processes. It also applies cost accounting principles to conduct in-depth studies, providing detailed cost insights not covered by general accounting systems. Duties and Responsibilities: Oversee the setup and maintenance of the standard costing system for new items. Coordinate weekly reconciliations of cycle counts for Finished Goods and Raw Materials inventories. Ensure transaction accuracy across all inventory locations. Calculate and record month-end inventory and cost journal entries. Engage in inventory-related projects and report on material usage and variances. Manage physical inventory counts and cycle counts. Investigate and resolve cycle counting variances. Update standard costs within the bill of materials. Review standards and actual costs to identify inaccuracies. Validate cost of goods sold during the month-end close. Accumulate and apply overhead costs in compliance with GAAP. Collaborate with Purchasing and Manufacturing to review obsolete inventory across all sub-inventories. Perform ongoing process constraints analysis and report on break-even points and margins by product and division. Support the Sales team in validating new quotes and work with the Engineering group to calculate ROI on capital projects. Undertake other duties as required or requested. Supervisory Responsibilities: None Education and Experience: Bachelor’s degree in Accounting, Finance, or a related field from an accredited institution. At least five years of relevant experience in cost accounting or related roles, or an equivalent combination of education and experience. General ledger or financial accounting experience is required. Qualifications: Proficient problem-solving skills with the ability to manage various concrete variables in situations with limited standardization. Capability to interpret a range of instructions presented in written, oral, diagrammatic, or schedule form. Excellent verbal and written communication skills in English. Proficiency in MS Excel and familiarity with manufacturing software is essential. Experience with SAP or a comparable ERP system is preferred. Prior experience in a manufacturing environment is required. Job Type: Full-time Pay: $85,000.00 - $95,000.00 per year Benefits: 401(k) 401(k) matching Dental insurance Health insurance Life insurance Paid time off Vision insurance Physical Setting: Office Schedule: 8 hour shift Day shift Monday to Friday Education: Bachelor's (Required) Experience: Cost Accounting Standards: 5 years (Required) Microsoft Excel: 5 years (Required) Ability to Relocate: Fall River, MA: Relocate before starting work (Required) Work Location: In person