Senior Cost Accountant Boulder, Colorado

We're transforming one of the world’s oldest industries with cutting‑edge technology and an innovative approach. Backed by top‑tier investors and recognized by Time as one of the "best Inventions of 2024" and Fast Company as one of 2024's "Next Big Things in Tech", Electra is scaling rapidly, and we're looking for bold, driven individuals to help us reshape the future of iron production.

If you're ready to make a real impact in a company that's redefining heavy industry for a cleaner, smarter world, we want to hear from you.

The Senior Cost Accountant is a highly visible, high‑impact role within Electra’s growing accounting team—offering a unique opportunity to help build and scale world‑class manufacturing accounting processes from the ground up. This role sits at the center of Electra’s transition from development to demonstration plant operations and ultimately to full‑scale manufacturing.

You will take ownership of critical cost accounting and fixed asset processes, including inventory valuation, construction‑in‑progress (CIP), and manufacturing cost analytics, while playing a pivotal role in shaping the systems, controls, and reporting infrastructure that will support Electra’s next phase of growth. This is a hands‑on position ideal for someone who thrives in a dynamic environment and is excited to drive both operational insight and process transformation.

The Senior Cost Accountant will partner closely with Operations, Engineering, Supply Chain, and FP&A to enhance cost visibility, improve accuracy, and deliver actionable insights that directly influence business decisions. You will also be a key contributor in strengthening internal controls, supporting audit readiness, and scaling accounting processes in alignment with GAAP.

• Fixed Asset and Construction-in-Progress Tracking: Establish and document accounting treatment, policies, and procedures for our demonstration plant assets that are constructed and placed in service including depreciation, internal cost allocations, and disposals
• Cost Accounting System Development: Establish and maintain robust cost accounting systems to track raw materials, labor, and overhead costs in accordance with GAAP inventory methods. Serve as the accounting liaison for Net Suite enhancements, testing, and system changes impacting inventory
• Inventory & WIP Management: Monitor work‑in‑process (WIP) and inventory levels. Support monthly/quarterly physical inventory counts and reconcile discrepancies
• Variance Analysis: Analyze manufacturing variances (material, labor, overhead, and purchase price) and communicate findings to Finance and Operations management to drive process improvements
• Month‑End Close: Lead month‑end close activities, including preparing journal entries and reconciling inventory sub‑ledgers to the general ledger
• Profitability & Margin Analysis: Prepare monthly gross margin reports by product, customer, and production job to assist in pricing strategies
• Process Improvement: Partner with FP&A, Operations, and Supply Chain to assess cost changes and downstream financial impact. Identify opportunities to reduce costs and increase efficiency in production and purchasing
• Own inventory‑related internal controls, including documentation, testing, and periodic self‑assessment
• Serve as a key accounting contact for financial and inventory‑related audits; support audit requests and resolution of findings
• Ensure compliance with GAAP and company inventory accounting policies
• Develop, document, and maintain inventory accounting policies and procedures
• Assist with monitoring the cycle count program, execute the year‑end physical inventory, and report results. You will be responsible for reconciling raw material and finished goods inventories
• System Implementation: Assist in ERP/software implementation or optimization to ensure accurate costing data

• Bachelor’s degree in Accounting, Finance or a related field
• 8+ years of progressive experience in construction‑in‑progress, inventory accounting, cost accounting, or manufacturing accounting environments, including direct ownership of inventory…