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Cost & Inventory Analyst

Job in Mentor, Lake County, Ohio, 44060, USA
Listing for: LHH
Full Time position
Listed on 2026-02-21
Job specializations:
  • Finance & Banking
    Financial Analyst, Financial Reporting, Accounting & Finance
  • Accounting
    Financial Analyst, Cost Accountant, Financial Reporting, Accounting & Finance
Salary/Wage Range or Industry Benchmark: 65000 - 90000 USD Yearly USD 65000.00 90000.00 YEAR
Job Description & How to Apply Below

Compensation

$65,000–$90,000 (based on experience)

Position Overview

The Cost Accounting & Inventory Analyst plays a critical role in supporting accurate product costing, inventory valuation, and operational visibility within a manufacturing environment. This position partners closely with operations, supply chain, and finance to ensure strong cost controls, reliable inventory reporting, and actionable insights that support performance and profitability.

Responsibilities

Cost Accounting

  • Maintain and update standard costs for materials, labor, and overhead.
  • Support cost roll-ups, cost updates, and periodic standard cost reviews.
  • Analyze cost trends and identify drivers affecting product margins.
  • Ensure cost structures align with actual production processes and financial policies.

Inventory Accounting & Control

  • Perform inventory reconciliations, review discrepancies, and resolve root causes.
  • Support cycle counts and annual physical inventory activities.
  • Review and monitor inventory valuation under standard costing principles.
  • Partner with operations to improve accuracy of BOMs, routings, and item master records.

Variance Analysis & Reporting

  • Conduct detailed material, labor, and overhead variance analysis.
  • Prepare recurring cost and inventory reports for management.
  • Identify unusual trends and provide data-driven recommendations for improvement.

Operational & ERP Support

  • Work cross-functionally with production, engineering, and supply chain to validate inventory movements and cost accuracy.
  • Utilize ERP tools (Infor Syte Line preferred; SAP, Oracle, or similar acceptable) to maintain accurate costing and inventory data.
  • Support system improvements and process enhancements related to costing and inventory workflows.

Month-End & Financial Support

  • Prepare inventory-related journal entries, reconciliations, and supporting schedules.
  • Assist with financial close processes and contribute to ad hoc analysis supporting business decisions.
Qualifications

Education

  • Bachelor’s degree in Accounting, Finance, or related field.

Experience

  • 3–5 years of experience in cost accounting, inventory control, or manufacturing finance; or an equivalent combination of education and experience.

Technical & Analytical Skills

  • Strong knowledge of standard costing, inventory valuation, variance analysis, and account reconciliations.
  • Advanced proficiency in Microsoft Excel (pivot tables, lookups, modeling, analysis).
  • ERP experience required — Infor Syte Line preferred; SAP, Oracle, or similar systems acceptable.

Ideal Candidate Attributes

  • Strong analytical mindset with the ability to interpret data and influence decisions.
  • High attention to detail and accuracy.
  • Effective communicator who can partner with operations and finance teams.
  • Comfortable in a dynamic environment with evolving priorities.
  • Comprehensive health, dental, and vision insurance
  • 401(k) with company match
  • Paid time off and holidays
  • Professional development and continuing education support
Compliance & Equal Opportunity Statement

Equal Opportunity Employer/Veterans/Disabled

To read our Candidate Privacy Information Statement, which explains how we will use your information, please navigate to:

The Company will consider qualified applicants with arrest and conviction records in accordance with federal, state, and local laws and/or security clearance requirements.

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