Cost Accountant

Durex Industries; Cary (IL); On-site; USD 85,000 - 155,000; Full time

Job summary

Durex Industries, a trusted custom thermal solutions supplier, is seeking a Cost Accountant to join the Finance Team under the Controller. The role focuses on collecting and analyzing cost data, estimating costs for product lines, and preparing regular reports with high integrity and attention to detail.

Qualified candidates have 2+ years in cost accounting and a relevant degree, with strong budgeting, forecasting, and ERP system experience.

Qualifications

• 2+ years of professional cost accounting experience.
• Associate or Bachelor’s Degree in Accounting or Finance with cost accounting focus.
• Strong knowledge of budgeting, forecasting, and risk analysis.
• Robust reconciliation and cost analysis skills.

Responsibilities

• Collect and analyze data about the company’s operational costs.
• Develop overhead rates and absorption.
• Analyze costs of new and existing product lines.
• Ensure accuracy of item costs and manufacturing variances.
• Assist in audits and general ledger preparation.
• Forecast future purchasing costs and assist with tax filings.

Skills

Cost accounting

Data analysis

Financial reporting

Attention to detail

Integrity

Education

Associate or Bachelor’s Degree in Accounting or Finance with cost accounting focus

Tools

MS Dynamics ERP

MRP/ERP systems

Job description

Cost AccountantComposed of Chromalox, Durex Industries, Vulcanic, and Thermocoax businesses, Electrical Thermal Solutions (ETS), part of Spirax Group, creates electrical process heating and temperature management solutions, including industrial heaters and systems, heat tracing, and a range of component technologies. Durex Industries has over 40 years' expertise in the thermal control business. A trusted custom thermal solutions supplier and engineering design partner for customers across a range of industry sectors, it also offers engineering, manufacturing, testing and laboratory and quality assurance services. Durex serves businesses in sectors including process industries, life sciences, plastics processing, food and packaging, aerospace, defense, and security. Its innovative bespoke solutions - such as retrofitting heating elements to prevent outdoor beverage dispensers from failing in low temperatures and custom-made circulation heaters to heat fuel in large ship engines. Join us as we continue to provide solutions to our customers and the world!

The Role:

As the Cost Accountant, you will join the Finance Team and work under the direction of the Controller. We are looking for an enthusiastic, responsible, and detail-oriented Cost Accountant to work under the direction of the Controller. You must be able to work with the highest levels of integrity. The Cost Accountant will help Durex collect and analyze data, estimate costs of new and existing product lines and prepare regular reports. To be successful, the Cost Accountant should have exceptional attention to detail, the ability to perform routine tasks consistently, and a strong desire for continuous

Your Responsibilities:

• Collect and analyze data about a company's operational costs.
• Develop overhead rates and absorption.
• Analyze and estimate costs of new and existing product lines.
• Analyze item cost and ensure accuracy.
• Analyze manufacturing variances.
• Ensuring compliance with accounting and financial reporting standards and regulations.
• Identify and recommend cost-effective solutions
• Conduct physical inventories and monitor the inventory system
• Reduce obsolete material and inventory excess
• Assist in audits and general ledger preparation.
• Forecast and plan future purchasing costs according to fiscal needs.
• Creates and maintains account reconciliations to ensure the accuracy of financial statements by required deadlines.
• Review account reconciliations prepared by others.
• Assist with preparing the month-end intercompany balancing report for corporate reporting and communicating with international units on variances.
• Assist with completing monthly and quarterly indirect (sales and use) tax filings and research with the Tax Team.
• Assists with the creation and maintenance of policies and procedures.
• Assists in the consolidation of global results utilizing the TM1 reporting system.
• Assists in the yearly audit and tax return preparation.
• Performs various projects and analyses as required.
• Demonstrates, through actions, a commitment to the philosophy of continuous improvement and multi-disciplined problem-solving teams in all aspects of performance.
• Works individually and as a team to develop and maintain cooperative and productive relationships with employees at all levels; conducts team assessments and develops training to ensure capabilities are in place.
• Maintains a clean and orderly work area free of excess materials.
• Support of and involvement in company, department, and/or safety policies, procedures, programs and activities.

Our Requirements:

• At least 2+ years of professional experience as a Cost Accountant or experience in a similar role.
• An Associate or Bachelor's Degree in Accounting or Finance with a specific focus on cost accounting is required.
• Excellent knowledge of risk analysis, budgeting and forecasting
• Robust account reconciliation and analysis skills are required.
• High level of integrity and ability to handle sensitive information and maintain confidentiality.
• Detail-oriented with a commitment to data integrity and accuracy.
• Be results focused, self-motivated, flexible, and adaptable to complete assigned tasks.
• Strong computer skills and knowledge of accounting software programs.
• Proven work experience communicating clearly and effectively in a professional business environment verbally, electronically, and written with cross-functional teams.
• Knowledge and experience in MRP/ERP systems; use of MS Dynamics ERP is preferred.

Pay Range: $85,000.00 - $155,000.00 per year