Senior Cost Accountant

Job Location:

Corporate Headquarters - Charlotte, NC 28278, Position Type:
Full Time, Education Level: 4 Year Degree, Travel Percentage:
Negligible, Job Shift: Day, Job Category:
Accounting, Senior Cost Accountant

the Senior Cost Accountant plays a critical role in ensuring the accuracy, integrity, and strategic value of our financial operations. This position supports sound business decision-making through cost accounting expertise, financial analysis, reporting, inventory management, and process improvement initiatives. Working cross-functionally with teams across the organization, the Senior Cost Accountant helps drive operational excellence while supporting Okuma's commitment to innovation, quality, and long-term success.

The identification of essential job functions does not display an exhaustive list of all duties that may be assigned to this position, nor does it restrict related work that may be assigned. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Coordinate all cost accounting activities and reporting processes.
• Monitor weekly cost calculations and investigate negative inventory issues.
• Perform inventory close activities and reconcile inventory balances across multiple warehouse locations.
• Support cycle count programs, investigate inventory discrepancies, analyze price variances, and assist with issue resolution.
• Establish annual labor and overhead rates.
• Perform average cost analysis for Board and Mechanical Exchange revenue.
• Review, analyze, and explain production variances on a routine basis.
• Conduct quarterly inventory reserve analyses.
• Analyze landed costs and record related accruals.
• Perform royalty analysis and record liabilities within Microsoft Dynamics 365 (D365).

• Lead month-end and year-end close processes to ensure timely and accurate financial reporting.
• Prepare and post journal entries and reconcile balance sheet accounts.
• Perform bank reconciliations.
• Prepare monthly financial reports and analysis for management.
• Prepare quarterly and annual consolidation packages for the parent company using Stravis-Link.
• Reconcile machine revenue and cost of goods sold (COGS) accounts.
• Perform ad hoc financial analysis to support business objectives and strategic initiatives.

• Manage fixed asset accounting, including additions, disposals, reconciliations, and depreciation.
• Coordinate internal fixed asset audits and ensure compliance with company policies and regulatory requirements.
• Reconcile construction-in-progress (CIP) accounts and record depreciation expenses.
• Prepare annual property tax returns.
• Ensure accounting practices comply with applicable laws, regulations, and company policies.

• Assist with annual financial statement audits and quarterly reviews.
• Prepare schedules, reports, and supporting documentation for auditors.
• Support required reporting to governmental and regulatory entities in a timely and accurate manner.
• Maintain strong internal controls and promote compliance across financial processes.

• Develop and implement systems for collecting, analyzing, verifying, and reporting financial information.
• Conduct financial analyses that identify trends, risks, opportunities, and cost-saving initiatives.
• Drive continuous improvement efforts across accounting processes and workflows.
• Collaborate with operational, manufacturing, and leadership teams to support informed business decisions.
• Provide support to other areas of the Accounting Department as needed.
• Adhere to all company policies, procedures, and safe work practices.

• Bachelor's degree in Accounting, Finance, or a related field.
• Five or more years of progressive accounting experience with a strong focus in cost accounting and inventory accounting.
• Manufacturing industry experience strongly preferred.
• Experience with ERP systems;
  Microsoft Dynamics 365 experience preferred.
• Strong understanding of Generally Accepted Accounting Principles (GAAP).
• Experience supporting external audits and financial reporting processes.
• Advanced proficiency in Microsoft Excel and financial analysis tools.
• Strong analytical and problem-solving capabilities.
• Excellent attention to detail and organizational skills.
• Ability to manage multiple priorities and meet deadlines in a fast-paced…