Financial Planning & Cost Accountant; Ulm

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Financial Planning & Cost Accountant (New Ulm)

Financial Planning & Cost Accountant (New Ulm) Mankato

Description

If you are interested in becoming an Employee Owner
, read on...

Windings Inc. is a 100% employee-owned company where every team member shares in our success. Since becoming an ESOP in 1998, we've proudly supported critical industries like Aerospace, Defense, Automotive, and Medical. Our unique ESOP benefits can contribute 10-12% of your annual earnings to your retirement—at no cost to you—helping your savings grow through compound interest.

For over 60 years, Windings has provided critical custom motors and components for the harshest applications, including outer space, military, downhole drilling, and motor sports to name a few. If you like to take on the “tough stuff”, join us and be part of a forward-thinking, people-focused company driven by our purpose: " Making our Customer’s Critical Mission Possible."

We are seeking a detail-oriented and strategic Financial Planning and Cost Accountant to join our finance team. This role is responsible for driving financial planning, budgeting, forecasting, and cost analysis to support informed decision-making and operational efficiency. The ideal candidate will have strong analytical skills, a deep understanding of management accounting principles, and the ability to communicate financial insights effectively across departments.

What you will be responsible for...

• Develop and maintain financial models to support budgeting, forecasting, and long-term planning.
• Analyze financial performance and variances against budget and forecast.
• Provide strategic insights and recommendations to senior management based on financial data.
• Collaborate with department heads to align financial plans with business objectives

• Maintain and analyze cost records and prepare cost reports for management.
• Monitor and report on manufacturing or operational costs, including labor, materials, and overhead.
• Conduct margin analysis and identify cost-saving opportunities.
• Ensure accurate allocation of costs and compliance with internal controls and accounting standards.

• Prepare monthly, quarterly, and annual financial reports.
• Support internal and external audits by providing relevant documentation and analysis.
• Ensure compliance with financial regulations and company policies.

• Identify and implement improvements in financial processes and systems.
• Support ERP system enhancements related to cost accounting and financial planning.

• Budget Accuracy: Variance between forecasted and actual financial results within ±5%.
• Cost Reduction Initiatives: Achieve targeted cost savings (e.g., 3–5% annually) through process improvements and cost analysis.
• Timeliness of Reporting: Deliver monthly financial reports within 5 business days of month-end.
• Forecasting Precision
  :
  Maintain forecasting accuracy within a 95% confidence interval.
• Audit Readiness: Zero major findings in internal or external audits related to cost accounting or financial planning.
• Process Efficiency: Reduction in time spent on manual reporting tasks by 20% through automation or system improvements.
• Stakeholder Satisfaction: Positive feedback from department heads and senior leadership on financial insights and support.

• Bachelor’s degree in Accounting, Finance, or a related field (CPA, CMA preferred).
• 3–5 years of experience in financial planning, analysis, and cost accounting.
• Strong proficiency in Excel and financial modeling; experience with ERP systems (e.g., Syspro and Net Suite) is a plus.
• Excellent analytical, problem-solving, and communication skills.
• Ability to work independently and collaboratively in a fast-paced environment.

What you will get...

• An awesome employee-ownership culture
• Full benefits package (medical, dental, vision, disability, life and more)
• Paid time off
• 401k match and ESOP contributions
• Flexible work environment

Salary

Description:

$75,000 - $90,000 annual DOQ

We are committed to providing pay ranges for all open positions. Please note that the specific compensation for this…