Cost Accountant

Columbus McKinnon EMEA; Brighton (MI); On-site; USD 65,000 - 90,000; Full time

Job summary

Columbus McKinnon Corporation is seeking a Cost Accountant to apply cost accounting principles to assess variances, budgeting, inventory control, and to ensure regulatory compliance.

You will support manufacturing accounting, review standard versus current costs, maintain BOM data, and prepare monthly production cost reports. Travel up to 10% within the domestic footprint.

Qualifications

• Bachelor’s degree in Accounting from a four-year college or university.
• 3+ years’ experience in accounting roles.

Responsibilities

• Supports manufacturing accounting function including general accounting, cost accounting, budgeting, inventory accounting & control, both standard & job cost generation and management of Bills of Material.
• Research and investigate cycle count discrepancies and initiate corrective actions with Supervisors and floor associates.
• Review all costs including labor, material, burden, expense items, WIP, and P&L.
• Maintain inventory cycle counting procedures, cycle count entry and periodic reporting.
• Maintain cost system, evaluation of current vs. standard cost for monthly reporting and annual roll process.
• Maintain job cost system for engineered products and analyze profitability.
• Monthly reporting of production variances.
• Assist in Month end close process.
• Plans, studies and collects data to determine costs of business activity such as raw material purchases, inventory and labor.
• Record cost information for analysis and distribution to other departments.
• Reviews standard versus current costs and investigates variances.
• Prepare inventory and productivity reports daily, weekly, and monthly.
• Tracks and reviews capital spending projects.

Skills

Excel

Word

PowerPoint

Power BI

Analytical thinking

Attention to detail

Cost accounting

Inventory control

Bill of Materials

Standard Cost

Job Cost

Average Cost

Education

Bachelor’s degree in Accounting

Tools

SAGE 100 ERP

Job description

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The Cost Accountant applies principles of cost accounting to conduct studies which provide cost information not supplied by general accounting systems. This position investigates and determines the cause of cost variances and variance to budgets. The Cost Accountant assists in any activities related to costing and inventory while ensuring compliance with all applicable state and federal regulations.

Essential Duties and Responsibilities

• Supports manufacturing accounting function including general accounting, cost accounting, budgeting, inventory accounting & control, both standard & job cost generation and management of Bills of Material.
• Research and investigate cycle count discrepancies and work with Supervisors and floor associates to initiate corrective actions related to these discrepancies.
• Review all costs including labor, material, burden, expense items, work in process inventory, and profit and loss.
• Maintain inventory cycle counting procedures, cycle count entry and periodic reporting.
• Maintain cost system, evaluation of current vs. standard cost for monthly reporting and annual standard roll process.
• Maintain job cost system for engineered products and assist in the analysis of the profitability of those products.
• Monthly reporting of production variances.
• Assist in Month end close process
• Plans, studies and collects data to determine costs of business activity such as raw material purchases, inventory and labor.
• Records cost information for analysis and distribution to other departments.
• Reviews standard versus current costs and investigates variances.
• Compiles cost information to be used in operating budget preparation.
• Prepares inventory and productivity reports daily, weekly, and monthly.
• Tracks and reviews capital spending projects.
• Other Accounting duties as needed.
• Travel may be required within Columbus McKinnon Corp’s domestic footprint. Travel Percentage <10%

Knowledge, Skills, Competencies, and Abilities

• Computer experience with Excel, Word, PowerPoint, and Power BI. Advanced Excel knowledge preferred.
• Experience with Bill of Materials, Standard Cost, Job Cost, Average Cost, etc.
• Ability to calculate figures and amounts such as discounts, interest, percentages, and volume.
• Ability to read, analyze, and interpret documents and correspondence such as safety rules, operating and maintenance instructions, and procedure manuals. Ability to write reports and business correspondence. Ability to effectively present information and respond to questions from groups and associates.
• Comply with company rules, policies and safety/environmental regulations.
• Experience with SAGE 100 ERP preferred.

Required Qualifications

• Bachelor’s degree (B.A.) in Accounting from a four-year college or university
• 3+ years’ experience

Columbus McKinnon is a leading worldwide designer, manufacturer and marketer of intelligent motion solutions that move the world forward and improve lives by efficiently and ergonomically moving, lifting, positioning and securing materials. Key products include hoists, crane components, precision conveyor systems, rigging tools, light rail workstations and digital power and motion control systems. We are focused on commercial and industrial applications that require the safety and quality provided by our superior design and engineering know-how. Columbus McKinnon is a publicly traded company that has been in business for almost 150 years – proud of our heritage, where we come from, and where we’re going. As Columbus McKinnon grows globally, so does our need for driven and inspired employees. Join our winning team!

Columbus McKinnon Corporation promotes a diverse and inclusive workforce and is an Equal Opportunity Employer that does not discriminate against employees or applicants for employment on the basis of race, color, national origin, ancestry, age, religion, sex, gender, gender identity, gender expression, sexual orientation, physical or mental disability, medical condition, genetic information, military or veteran status, marital status, or any other Federal or State legally-protected classes. We also value the safety of all associates and work hard to maintain a Drug Free Workplace.

@ 2024 Columbus McKinnon Corporation. All Rights Reserved.