Cost Accountant

Employer
Creative Financial Staffing
Location
Downers Grove, Illinois
Posted
Oct 03, 2024
Closes
Oct 20, 2024
Ref
2832094719
Level
Staff
Certification
CMA: Preferred
Work Mode
Work from office
Hours
Full Time
Employment Type
Permanent
Organization Type
Corporate
About the Company:

Our client is a rapidly growing manufacturing organization who are looking to add a Cost Accountant to their team. The company has enjoyed incredible success in the last few years' and are seeking a candidate with a similar background to join their team as they continue their expansion.

Reasons to Work Here:
  • Strong medical / dental / vision
  • 401k match
  • Bonus
  • Strong growth as a business - projecting to double in size over the next few years'
  • Some exciting and well-known clients
  • Tuition reimbursement
  • Insurances
  • A strong training program.
  • $60,000 - $80,000 salary
  • The role is office based


Job Summary: We are looking for a Cost Analyst to join our Finance department. Main responsibilities are performing, inventory, job cost, and profitability analyses.

As a Cost Analyst, you will collaborate with the financial staff to provide accurate and timely financial information to management. You will also assist in developing and implementing cost-effective solutions to improve the profitability and efficiency of our company.

To be successful in this role, you should have a Bachelor's degree in Accounting or Finance and at least 2-5 years of experience in a cost analyst, financial analyst, or accountant role. You should also have excellent analytical skills, attention to detail, and knowledge of accounting software and principles.

ESSENTIAL JOB FUNCTIONS:
  • Collect and analyse data on operational costs and revenues.
  • Prepare and maintain cost accounting records and reports.
  • Review and verify the accuracy of Raw Material, WIP, and Finished Goods.
  • Project analysis including EAC review, WIP Reserves, NRV Loss, Margin Analysis, Cost Analysis and Cost Exception review.
  • Oversee Cycle Counts and collaborate with Inventory Control / Operations.
  • Posting and review of customer invoicing.
  • Prepare, review, and analyze the quarterly inventory E&O process and liaison with Operations.
  • Perform profit and cost variance analysis and identify the causes of discrepancies.
  • Assist in month-end and year-end closing and auditing processes.
  • Assist in the month-end close process including report generation, review and analysis, journal entries and reconciliations.
  • Recommend and implement cost-saving measures, KPIs, and process improvements.


  • Monitor and enhance internal controls, policies, and procedures.
  • Other related duties and special projects as determined by management.


  • QUALIFICATION REQUIREMENTS:
  • Bachelor's degree in Accounting, Finance, or a related field.
  • 2-5 years of experience in cost analyst or similar role.
  • Knowledge of Generally Accepted Accounting Principles (GAAP) and cost accounting standards.
  • Certified Public Accountant (CPA) or Certified Management Accountant (CMA) certification is a plus.
  • Knowledge of Government cost accounting standards (CAS) and/or IFRS, a plus.
  • Proficient in accounting software. Experience using Microsoft Dynamics D365 a plus.
  • Advanced skills in Microsoft Excel, especially in using formulas, functions, and pivot tables. Cognos and Power BI experience a plus.
  • Excellent analytical, problem-solving, and communication skills.
  • Ability to work independently and as part of a team.