Cost Accountant

Job Description

Job Description

We are looking for a detail-oriented Cost Accountant to join our team on a long-term contract basis in Red Wing, Minnesota. In this role, you will play a pivotal part in ensuring the accuracy of inventory valuation, cost of goods sold, and financial reporting. As a key member of the Supply Chain Finance team, you will collaborate closely with manufacturing, engineering, materials, and product creation teams to streamline processes and provide actionable financial insights.

Responsibilities :

• Lead standard cost activities, including annual cost roll, new product costing, and engineering change implementations.
• Prepare precise product costs based on bill of material structures, ensuring accuracy and timeliness.
• Perform complex reconciliations and root cause analysis for transaction discrepancies, followed by corrective journal entries.
• Conduct daily and month-end close activities, including variance analysis and preparation of financial reviews.
• Create and maintain accurate balance sheet reconciliations while adhering to accounting policies and compliance standards.
• Support the month-end close process by reporting results, analyzing variances, and communicating key metrics to stakeholders.
• Oversee verification and reconciliation processes for annual physical inventories.
• Participate in Lean Project Teams to identify process improvements and develop mechanisms for accountability.
• Assist with annual financial audits by preparing schedules and ensuring timely delivery of audit materials.
• Collaborate with manufacturing leaders to track productivity metrics and support initiatives aimed at improving efficiency across facilities.
• Proven experience in cost accounting, preferably within a manufacturing environment.
• Proficiency in financial analysis and reporting, including month-end close processes.
• Advanced skills in Microsoft Excel and familiarity with other Microsoft Office tools such as Word and Outlook.
• Strong communication skills to effectively collaborate with cross-functional teams and stakeholders.
• Ability to conduct reconciliations, research discrepancies, and prepare accurate journal entries.
• Knowledge of U.S. GAAP and compliance standards.
• Experience with inventory management and costing processes, including bill of materials.
• Demonstrated ability to handle complex financial data and present actionable insights.