Cost Accountant

Why This Role Matters

This is an opportunity to create an impact in an innovative company on a growth trajectory.

This is an opportunity to create an impact in an innovative company on a growth trajectory.

This is an opportunity to create an impact in an innovative company on a growth trajectory.

You will be a results-oriented team player who drives accountability, quality, and efficiency within your department and across the Company. You will be a strong communicator who enjoys working with others to improve various aspects of the company.

Process Technology is a global leader designing and manufacturing cutting edge thermal and power conversion equipment that make tomorrow’s products possible. Our company is a global sales organization with facilities based in Mentor, Mayfield and Willoughby, Ohio; and Flushing, New York. We are a tight-knit team that thrives on positive collaboration and open communication.

• Growth – Think big. Make a difference. Always continue learning personally and professionally. View mistakes as opportunities to improve.
• Ownership – Own decisions, actions, and failures. Do what's right versus what’s easy. Hold yourself and others accountable.
• Drive Results – Display urgency, act, achieve results. Challenge the status quo, take initiative, and make things happen. Focus on what matters most. Solve the biggest problems to make a difference.
• Innovation – Find a better way every day. Think differently. Imagination will take you everywhere!
• Teamwork – ONE Company. ONE Team. ONE Goal. Engage cross-functionally and throughout all levels. Work together to win.

• Goal oriented – We collaborate to find the best approach to align and achieve our goals to ensure the best results are attained.
• Metric driven – We set realistic and achievable goals and standards with well-laid project plans.
• People focused – We care about our team; we promote a healthy work-life balance; we are respectful of the roles and time of other individuals.
• Process oriented – We establish and respect clear processes.

The Senior Cost Accountant & Financial Analyst is responsible for the Company’s cost accounting, inventory accounting, management reporting, profitability analysis, and budgeting support activities. This role serves as a key business partner to manufacturing operations by providing accurate product costing, variance analysis, operational reporting, and financial insights that support effective decision-making.

The position works closely with the Vice President of Finance to support the annual budgeting process, periodic forecasting activities, and monthly management reporting requirements.

Some examples of these responsibilities are listed below (but are not limited to the following):

• Maintain standard costs for manufactured products and support periodic cost updates and cost rolls.
• Review bills of material (BOMs), routings, labor standards, and overhead allocation methodologies for accuracy and reasonableness.
• Analyze and explain material price, material usage, labor rate, labor efficiency, overhead spending, and overhead absorption variances.
• Monitor inventory valuation and support compliance with U.S. GAAP.
• Assist with the evaluation and documentation of reserves for excess, obsolete, and slow-moving inventory.
• Reconcile inventory subsidiary records to the general ledger.
• Prepare month-end journal entries and account reconciliations related to inventory and cost of goods sold.
• Support annual physical inventories and ongoing cycle count programs.
• Prepare inventory and cost accounting documentation requested by external auditors.

• Prepare…