Junior Cost Accountant

Pay or shift range: $55,000 USD to $60,000 USD. The estimated range is the budgeted amount for this position. Final offers are based on various factors, including skill set, experience, location, qualifications and other job-related reasons.

Summary

The Junior Cost Accountant is responsible for performing professional‑level cost accounting activities, including analyzing proposed standard costs, validating Bills of Materials and purchased part costs prior to production, and evaluating cost variances. This role maintains the integrity of the Enterprise Resource Planning (ERP) system to ensure accurate costing, supports financial reporting, and contributes to monthly, quarterly, and annual close processes. The Junior Cost Accountant exercises independent judgment in analyzing financial data, identifying cost drivers, and recommending corrective actions.

• Maintain and enhance the ERP system to ensure accurate application of standard costing methodology, including developing standard costs for manufactured goods and new products.
• Analyze manufacturing costs, standard cost variances, and operational performance, providing insights and recommendations to management.
• Participate in month‑end, quarter‑end, and year‑end close activities, including preparing journal entries, reviewing cost accounts, and ensuring accurate financial reporting.
• Prepare and interpret cost reports for Operations, identifying trends, cost drivers, and opportunities for improvement.
• Conduct detailed cost reconciliations and investigate discrepancies, ensuring compliance with accounting standards and internal controls.
• Contribute to the annual cost roll and operating budget process, including standard cost development, cost center budgeting, headcount analysis, volume forecasting, and raw material pricing analysis.
• Collaborate with Supply Chain and the Bill of Materials team to evaluate cost impacts, support cost updates, and ensure accurate product costing.
• Oversee and validate inventory‑related activities, including cycle counts and physical inventory audits, ensuring accurate valuation and reporting.
• Analyze complex cost accounting issues and provide recommendations to management to support strategic decision‑making.
• Ensure compliance with ITAR, DFARS, and internal financial policies.

Education & Experience

• 1–3 years of professional experience in accounting, finance, or cost analysis.
• Bachelor’s degree in accounting, Finance, Business Administration, or a related field (required).
• Strong proficiency in Microsoft Outlook, Word, Excel, and PowerPoint.
• Demonstrated analytical ability, financial modeling skills, and data interpretation capabilities.
• Strong business acumen and critical‑thinking skills.
• Excellent communication and interpersonal skills, with the ability to present financial information clearly.
• Knowledge of GAAP, cost accounting principles, and standard costing methodologies.
• Experience with ERP systems and cost accounting modules preferred.

Required Qualifications

• Legal Requirement:
  Must be a U.S. person (U.S. citizen or lawful permanent resident) to comply with ITAR and federal contracting regulations.
• Language Proficiency:
  Must be fluent in English, with the ability to speak, read, and write at a professional level.

Physical Demands & Working Conditions

• Prolonged periods of sitting and computer use.
• Occasional lifting of up to 25 lbs. unassisted.
• Dexterity and coordination to handle files, materials, and office equipment.
• Ability to work at a computer workstation for extended periods.

Expert

USPERSON

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