Cost Accountant - FTC

Overview

Cost Accountant

Location: Rugby

Duration: 12 months contract

We are seeking a highly skilled and detail-oriented Cost Accountant to lead the implementation and maintenance of standard costing practices at our manufacturing facility. The ideal candidate will have hands‑on experience in developing, analyzing, and managing standard cost systems in a production environment, ensuring accurate product costing, supporting operational efficiency, and contributing to strategic financial decisions.

Key Responsibilities:

• Lead the development and implementation of standard costs for materials, labor, and overhead across all manufacturing operations.
• Collaborate with operations, engineering, and procurement to analyze BOMs, routings, labor, and overhead drivers to establish accurate cost standards.
• Conduct time studies in collaboration with production and engineering teams to establish accurate labor standards and production rates.
• Establish standard costs using the gross margin method, especially for new or customized products, by working backward from target pricing and desired margin levels.
• Develop a process to monitor and report on cost variances (material, labor, and overhead), including root cause analysis and follow‑up with relevant departments.
• Develop a process for the annual standard cost roll up, including updates for new products, process changes, and inflationary factors.
• Provide cost modeling and scenario analysis to support pricing, capital investments, and strategic planning.
• Ensure compliance with company policies, internal controls, and SOX requirements (if applicable).

Qualifications:

• Bachelor's degree in Accounting, Finance, or related field.
• Minimum of 3–5 years of cost accounting experience in a manufacturing environment, with proven experience setting up standard costs.
• Strong understanding of manufacturing processes, BOMs, routings, and cost allocation methodologies.
• Proficiency with ERP systems (e.g., Microsoft D365, SAP, Oracle) and advanced Excel skills.
• Excellent analytical, organizational, and communication skills.
• Ability to work cross‑functionally and manage multiple priorities in a dynamic environment.

Preferred

Skills:

• Experience with ERP implementations or cost reengineering projects.

Morgan Advanced Materials is an EEO/AA/M/W/D/V Employer