Cost Accountant

Determines and implements cost accounting procedures and methods in a manufacturing environment. Determines and maintains standard costs and inventory valuation accuracy for all items. Forecasts costs for new projects and validates existing costs. Team player in a growing business. Ensure compliance with CAS and ASC 606 revenue recognition. Review and analyze variances, maintain standard cost and adhere to Crissair/ESCO SOX program.

Other tasks and duties may be required as directed.

• Cost Accounting & Standard Cost Management
  • Review, analyze, and reconcile standard and actual costs, identifying inaccuracies, trends, and opportunities for improvement.
  • Analyze manufacturing variances (labor, material, overhead, usage, and rate variances) and recommend corrective actions; update standard costs as needed.
  • Develop, maintain, and validate standard cost system settings, routings, bills of materials, and overhead rates to ensure accurate and timely financial transactions.
  • Take ownership and manage annual cost rolls.
• Research, develop, and prepare detailed cost estimates for all new part numbers, engineering changes, and customer quotations, including materials, labor, overhead, and outside processing.
• Prepare and present cost and margin analyses to support pricing decisions, profitability analysis, and management reporting.
• Assist in budgeting and forecasting activities, including overhead rate development and cost assumptions.
• Manufacturing & Operations Cost Analysis
  • Partner with operations and engineering to review and validate routings and labor standards, ensuring alignment with actual production processes.
  • Develop and implement processes and internal controls to ensure accurate recording of actual labor times, machine hours, and production activity.
• Inventory Accounting & Control
  • Calculate and maintain perpetual inventory values, including inventory reserves, excess and obsolete inventory analysis, and cycle count adjustments.
  • Validate correct inventory amounts through physical and cycle counts.
• Support month‑end close activities, including inventory and cost‑related journal entries, account reconciliations, and variance explanations.
• Prepare revenue recognition worksheets, journal entries & maintains support.
• Compliance, Audit & Tax Support
  • Support audits (internal and external) by providing documentation, analysis, and explanations related to cost accounting and inventory valuation.
  • Support R&D tax requirements and other tax dept. requests as needed.
• Process Improvement & Documentation
  • Continuously evaluate and improve cost accounting processes, tools, and reporting to enhance accuracy, efficiency, and decision support.
  • Generate and maintain desktop procedures as required.
• Cross‑Functional Finance Support
  • Support other areas of the Finance department on a backup basis; areas included but not limited to Accounts Payable, Financial Planning, Cost Estimating, and Accounts Receivable.

• Education/Experience
  • Bachelor’s Degree (B.A. or B.S.) from four‑year college or university in Accounting or Finance
  • 7+ years of previous experience in a manufacturing standard cost environment
  • Thorough knowledge of accounting procedures.
  • Excellent analytical skills with attention to detail.
  • Strong time management skills.
• Language Skills
  • Strong command of the English language, both written and spoken.
  • Ability to read, analyze, and interpret common scientific, technical, business and professional journals, financial reports, legal documents and governmental regulations.
  • Ability to respond to common inquiries or complaints from customers, regulatory agencies, or members of the business community.
  • Ability to write reports, business correspondence, and procedure manuals.
  • Ability to effectively present information and respond to questions from groups of managers, customers, and employees.
• Math Skills
  • Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume.
  • Ability to work with mathematical concepts such as probability and statistical inference.
  • Ability to apply concepts such as fractions, percentages, ratios, and…