Cost Accountant

LHH; Glen Burnie (MD); On-site; USD 65,000 - 85,000; Full time

Benefits offered by this job

Medical, dental, vision insurance

401(k) plan with employer match

Paid holidays

Paid sick leave

Life and disability insurance

Job summary

LHH seeks a Cost Accountant in Maryland to bolster financial operations through precise cost analysis, inventory accounting, and manufacturing cost reporting. This role collaborates with Operations, Supply Chain, and Finance to analyze product costs and support budgeting and reporting.

The position emphasizes standard cost management, margin analysis, and inventory control, driving cost reduction and accurate month-end close with strong internal controls.

Qualifications

• Bachelor's degree in Accounting, Finance, or related field.
• 3+ years of accounting experience in cost, inventory, or manufacturing accounting.
• Strong knowledge of GAAP and cost accounting principles.
• Advanced Excel skills (Pivot Tables, VLOOKUP/XLOOKUP) and data analysis.
• Excellent analytical, organizational, and problem-solving skills.
• Strong attention to detail and ability to manage multiple priorities.

Responsibilities

• Maintain and analyze standard costs, product costs, and inventory valuations.
• Prepare and review cost reports, margin analyses, and profitability reporting.
• Analyze manufacturing variances including labor, material, overhead, and purchase price variances.
• Monitor cost trends and provide recommendations to improve operational efficiency and cost control.
• Assist with annual standard cost updates and cost roll-forward processes.
• Reconcile inventory balances and investigate discrepancies.
• Support physical inventory counts and cycle count programs.
• Analyze inventory transactions, adjustments, and obsolete inventory reserves.
• Ensure inventory is properly valued per policies and standards.
• Prepare journal entries related to inventory, COGS, and manufacturing activity.
• Assist with month-end and year-end close activities.
• Reconcile inventory and balance sheet accounts.
• Support financial statement preparation and management reporting.
• Develop documentation of costing processes and internal controls.
• Identify opportunities to improve accounting procedures and reporting accuracy.
• Partner with operations to strengthen cost tracking and inventory controls.
• Support ERP system enhancements, testing, and implementation projects.

Skills

Excel proficiency

Pivot Tables

VLOOKUP/XLOOKUP

Data analysis

GAAP knowledge

Problem solving

Attention to detail

Organizational skills

Multi-priority management

Education

Bachelor's degree in Accounting/Finance

Tools

ERP systems

Job description

Cost Accountant to support the organization's financial operations through accurate cost analysis, inventory accounting, and manufacturing cost reporting. The Cost Accountant will partner closely with Operations, Supply Chain, and Finance teams to analyze product costs, monitor inventory, identify variances, and support budgeting and financial reporting. This role plays a critical part in controlling costs, improving profitability, and ensuring accurate financial records.

Key Responsibilities

Cost Accounting & Analysis

• Maintain and analyze standard costs, product costs, and inventory valuations.
• Prepare and review cost reports, margin analyses, and profitability reporting.
• Analyze manufacturing variances including labor, material, overhead, and purchase price variances.
• Monitor cost trends and provide recommendations to improve operational efficiency and cost control.
• Assist with annual standard cost updates and cost roll-forward processes.

Inventory Accounting

• Reconcile inventory balances and investigate discrepancies.
• Support physical inventory counts and cycle count programs.
• Analyze inventory transactions, adjustments, and obsolete inventory reserves.
• Ensure inventory is properly valued in accordance with company policies and accounting standards.

Financial Reporting & Month-End Close

• Prepare journal entries related to inventory, cost of goods sold, and manufacturing activity.
• Assist with month-end and year-end close activities.
• Reconcile inventory and related balance sheet accounts.
• Support financial statement preparation and management reporting.

Process Improvement & Controls

• Develop and maintain accurate documentation of costing processes and internal controls.
• Identify opportunities to improve accounting procedures, reporting accuracy, and operational processes.
• Partner with operations and supply chain teams to strengthen cost tracking and inventory controls.
• Support ERP system enhancements, testing, and implementation projects.

Qualifications

• Bachelor's degree in Accounting, Finance, or related field.
• 3+ years of accounting experience, preferably in cost accounting, inventory accounting, or manufacturing accounting.
• Strong knowledge of GAAP and cost accounting principles.
• Advanced Excel skills, including Pivot Tables, VLOOKUP/XLOOKUP, and data analysis.
• Excellent analytical, organizational, and problem-solving skills.
• Strong attention to detail with the ability to manage multiple priorities.

Benefits

• Medical, dental, and vision insurance
• 401(k) plan with employer match
• Paid holidays
• Paid sick leave
• Life and disability insurance

Equal Opportunity Employer/Veterans/Disabled

To read our Candidate Privacy Information Statement, which explains how we will use your information, please navigate to https://www.lhh.com/us/en/candidate-privacy

The Company will consider qualified applicants with arrest and conviction records in accordance with federal, state, and local laws and/or security clearance requirements, including, as applicable:

The California Fair Chance Act

Los Angeles City Fair Chance Ordinance

Los Angeles County Fair Chance Ordinance for Employers