Cost Accountant

Durex Industries; Cary (IL); On-site; USD 85,000 - 100,000; Full time

Job summary

Durex Industries in Cary, Illinois is seeking a dedicated Cost Accountant to join their Finance Team. The ideal candidate will have at least 2 years of experience and a strong focus on integrity and detail. Responsibilities will include analyzing operational costs, developing overhead rates, and assisting with compliance, audits, and financial reporting.

Candidates should have a degree in Accounting or Finance, as well as robust skills in account reconciliation and knowledge of accounting software like MS Dynamics ERP.

Qualifications

• At least 2+ years of professional experience as a Cost Accountant.
• Detail-oriented with a commitment to data integrity and accuracy.
• Strong computer skills and knowledge of accounting software.

Responsibilities

• Collect and analyze data about operational costs.
• Develop overhead rates and absorption.
• Analyze and estimate costs of new and existing product lines.
• Ensure compliance with accounting standards.
• Assist with audits and general ledger preparation.

Skills

Risk analysis

Budgeting

Forecasting

Account reconciliation

Accounting software programs

MRP/ERP systems

Communication skills

Education

Associate or Bachelor's Degree in Accounting or Finance

Tools

MS Dynamics ERP

Job description

Overview

Composed 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 learning.

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 - $100,000.00 per year

At Durex Industries, we are not just an employer but a champion of equal opportunities and inclusivity. We are dedicated to fostering a workplace that adheres to the highest hiring standards and is free from discrimination and harassment.

Durex Industries is an equal opportunity employer; our commitment extends to all aspects of employment, ensuring that no individual is mistreated or discriminated against based on race, color, sex, religion, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic as defined by federal, state, or local laws.