Cost Accountant

Columbus McKinnon; Brighton (MI); On-site; USD 75,000 - 95,000; Full time

Job summary

Columbus McKinnon is seeking a Cost Accountant to apply cost accounting principles, study cost variances, and assist with costing and inventory activities while ensuring compliance with regulations.

The role requires strong Excel/Power BI skills, BOM experience, and at least 3 years in cost accounting. Travel up to 10% may be required within the domestic footprint.

Qualifications

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

Responsibilities

• Support manufacturing accounting including general accounting, cost accounting, budgeting, inventory accounting & control, and Bills of Material management.
• Research and investigate cycle count discrepancies and implement corrective actions with floor staff.
• Review all costs including labor, material, burden, expenses, work in process inventory and P&L.
• Maintain inventory cycle counting procedures and periodic reporting.
• Maintain cost system and compare current vs. standard cost for monthly reporting and annual roll.

Skills

Advanced Excel

Power BI

Bill of Materials

Standard Cost

Job Cost

SAGE 100 ERP

Variance analysis

Education

Bachelor's degree in Accounting

Tools

SAGE 100 ERP

Job description

Job Summary/Overview

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