Cost Accountant

The Bolton Group; Buffalo Grove (IL); On-site; USD 90,000 - 100,000; Full time

Job summary

A leading manufacturing company is seeking a Cost Accountant to manage and analyze costs associated with production and operations. The role involves compiling data for cost analysis, preparing reports, and ensuring financial records are accurate. Candidates should have a Bachelor's degree in Accounting, proven cost accounting experience, and strong analytical skills. Benefits include medical and vision insurance, 401(k), and paid parental leave.

Benefits

Medical insurance

Vision insurance

401(k)

Disability insurance

Paid paternity leave

Paid maternity leave

Qualifications

• Proven experience (4 years) in cost accounting.
• Strong understanding of cost accounting principles and practices.
• Knowledge of manufacturing processes and cost structures is preferred.

Responsibilities

• Analyze and monitor costs for production, labor, materials, and overhead.
• Prepare detailed cost reports to assist with budgeting and financial planning.
• Manage and track inventory levels, ensuring accuracy.

Skills

Analytical skills

Problem-solving skills

Attention to detail

Communication skills

Education

Bachelor’s degree in Accounting, Finance, or a related field

Tools

QuickBooks

SAP

Oracle

Microsoft Excel

Job description

3 days ago Be among the first 25 applicants

This range is provided by The Bolton Group. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$90,000.00/yr - $100,000.00/yr

Cost Accountant

Company Overview:

Our client is a leading manufacturing company focused on providing high-quality products and services. We are committed to fostering a collaborative work environment and empowering employees to contribute to the company’s success.

Job Summary:

The Cost Accountant is responsible for managing and analyzing costs associated with production and operations to ensure that financial records are accurate, cost-effective, and aligned with company goals. This role involves compiling data for cost analysis, monitoring cost variances, and preparing reports to guide decision-making and improve profitability.

Key Responsibilities:

Cost Analysis and Reporting:

• Analyze and monitor costs for production, labor, materials, and overhead.
• Prepare detailed cost reports to assist with budgeting, forecasting, and financial planning.
• Review and report on cost variances to identify cost-saving opportunities.

Inventory Management:

• Manage and track inventory levels, ensuring accuracy in both financial and physical counts.
• Perform regular stock audits and ensure correct costing of inventory.
• Monitor and evaluate inventory turnover rates and work to reduce obsolescence.

Cost Control:

• Develop and maintain cost standards for materials, labor, and overhead.
• Monitor expenses and recommend cost-reduction strategies.
• Ensure that all cost-related transactions are recorded accurately and in a timely manner.

Budgeting and Forecasting:

• Assist in the preparation of annual budgets and forecasts, including production costs.
• Work with various departments to ensure cost estimations are accurate and within expected ranges.

Product Costing:

• Calculate product costs for pricing and profitability analysis.
• Provide accurate and timely cost information for new product development or product pricing decisions.

Qualifications:

• Bachelor’s degree in Accounting, Finance, or a related field.
• Proven experience (4 years) in cost accounting
• Strong understanding of cost accounting principles and practices.
• Proficiency with accounting software (e.g., QuickBooks, SAP, Oracle) and Microsoft Excel.
• Excellent analytical and problem-solving skills.
• Strong attention to detail and organizational skills.
• Ability to communicate effectively with cross-functional teams.
• Knowledge of manufacturing processes and cost structures is preferred

Working Conditions:

• Full-time position.
• Standard office hours, with occasional overtime as required.

To Apply:

Please submit your resume application here.

Seniority level

• Seniority level

  Associate

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing

• Industries

  Manufacturing

Referrals increase your chances of interviewing at The Bolton Group by 2x

Inferred from the description for this job

Medical insurance

Vision insurance

401(k)

Disability insurance

Paid paternity leave

Paid maternity leave

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