Cost Accountant & Commodity Hedging Analyst

SUMMARY

The Cost Accountant & Commodity Hedging Analyst is a dual-role position responsible for ensuring the accuracy and integrity of manufacturing cost data while also overseeing the company’s commodity risk management activities. This role plays a key part in maintaining and analyzing costs, identifying cost variances, and supporting operational efficiency initiatives. Additionally, the position oversees the execution of hedging strategies to mitigate commodity price volatility and protect company margins.

The individual in this role must possess strong expertise in cost accounting, a solid understanding of financial markets and risk management instruments, and the ability to effectively leverage information systems and ERP data to support financial analysis and strategic decision-making.

The Cost Accountant & Commodity Hedging Analyst is a dual-role position responsible for ensuring the accuracy and integrity of manufacturing cost data while also overseeing the company’s commodity risk management activities. This role plays a key part in maintaining and analyzing costs, identifying cost variances, and supporting operational efficiency initiatives. Additionally, the position oversees the execution of hedging strategies to mitigate commodity price volatility and protect company margins.

The individual in this role must possess strong expertise in cost accounting, a solid understanding of financial markets and risk management instruments, and the ability to effectively leverage information systems and ERP data to support financial analysis and strategic decision-making.

include the following. Other duties may be assigned.

• Maintain and analyze production costs by product, production run, and customer.
• Track material, labor, and overhead costs at the batch or order level to support accurate margin analysis and operational decision-making.
• Identify cost trends, inefficiencies, and anomalies by reviewing variances between expected and actual production results.
• Partner with operations and production teams to improve cost visibility and drive continuous improvement initiatives.
• Support month-end close processes including inventory valuation, cost allocations, and reconciliation of WIP and finished goods.
• Partner with information systems to develop and maintain reporting tools to provide insights into yield losses, downtime, material usage, and customer profitability.
• Assist in refining cost tracking processes and integrating them into ERP systems for improved real-time decision support.

• Coordinate the purchase, sale, and management of futures contracts to hedge against copper price fluctuations.
• Work closely with internal stakeholders to understand hedging needs and develop effective hedging strategies.
• Monitor market conditions and trends to identify opportunities and risks related to futures contracts.
• Oversee the hedging operations, ensuring compliance with established policies and procedures.
• Analyze hedge effectiveness and make recommendations for adjustments as needed.
• Reconcile hedge positions and transactions to broker statements on a regular basis, ensuring accuracy and completeness.
• Reconcile physical inventories and sales order book to open hedge position on a weekly basis.
• Collaborate with accounting team to ensure proper recording and reporting of hedge transactions.
• Stay up-to-date on regulatory requirements and industry best practices related to futures trading and hedging activities.

• Assist in physical inventory used for hedging and monthly valuation.
• Serve as backup resource for accounts payable, accounts receivable, and general accounting functions.
• Participate in year-end reporting and annual audits.
• Research and incorporate improvements and advancements in technology
• Other projects as they arise.

The employee performing this job must be knowledgeable of and follow the company's safety policies and procedures.

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of…