Cost Accountant

Siemens Energy, Inc.; Richland (MS); On-site; USD 55,000 - 75,000; Full time

Benefits offered by this job

Career growth

Health benefits

Paid time off

401K match

Family benefits

Parental leave

Job summary

Siemens Energy is seeking a Cost Accountant to support inventory accounting, cost analysis, and financial reporting for its manufacturing operations. You will collaborate with production, operations, and finance teams to ensure accuracy and drive cost improvement initiatives.

You will analyze variances, prepare journal entries and balance sheet reconciliations, and leverage SAP, Excel, Alteryx and Tableau to automate reporting for US and global stakeholders in a fast-paced environment.

Qualifications

• Bachelors degree in Accounting or related field; Masters preferred.
• 1+ years of cost/inventory accounting or manufacturing finance experience.
• Strong knowledge of inventory accounting, cost accounting, financial reporting, and journal entries.
• Experience with SAP or ERP systems and data reporting tools such as Alteryx or Tableau; ability to learn new technologies.
• Excellent analytical, communication, and organizational skills.

Responsibilities

• Prepare inventory-related journal entries and balance sheet reconciliations.
• Analyze inventory balances, cost variances, and obsolete stock.
• Collaborate with Production Planning, Supply Chain, and Operations to resolve discrepancies.
• Prepare and distribute financial reports for U.S. and global stakeholders.
• Support audits with documentation and information requests.
• Leverage SAP, Excel, Alteryx, and Tableau to automate analyses and improve reporting.

Skills

Cost accounting

Inventory accounting

Financial reporting

Journal entries

Analytical skills

Education

Bachelors degree in Accounting

Tools

SAP

ERP systems

Microsoft Excel

Alteryx

Tableau

Job description

A Snapshot Of Your Day (Position Overview)

As a Cost Accountant, you will play a key role in supporting the financial performance of Siemens Energy's manufacturing operations by providing accurate inventory accounting, cost analysis, and financial reporting. Your day may include analyzing inventory transactions, monitoring product cost variances, preparing balance sheet reconciliations and journal entries, and partnering with production and operations teams to resolve inventory-related issues. You will collaborate with finance, manufacturing, supply chain, and audit teams to ensure financial accuracy, strengthen internal controls, and support informed business decisions. This role offers the opportunity to build a strong foundation in manufacturing finance while contributing to continuous process improvements and operational excellence.

How You'll Make An Impact (Responsibilities)

• Prepare inventory-related journal entries, balance sheet reconciliations, and monthly close activities while ensuring the accuracy of inventory accounting and financial reporting
• Analyze inventory balances, product cost variances, moving average costs, excess and obsolete inventory, NCR stock, and other key inventory accounts to identify financial risks and improvement opportunities
• Partner with Production Planning, Supply Chain, and Operations teams to investigate inventory discrepancies, resolve COGI issues, maintain material costs in SAP, and improve inventory accuracy
• Prepare and distribute financial reports, quotation tools, ad hoc analyses, and management reporting for U.S. and global stakeholders to support operational and strategic decision-making
• Support internal and external audit activities by maintaining accurate financial documentation and providing requested inventory and accounting information
• Utilize SAP, Excel, Alteryx, Tableau, and other reporting tools to automate analyses, improve reporting capabilities, and support continuous process improvement initiatives

What You Bring (Requirements)

• Bachelor's degree in Accounting, Business with an Accounting emphasis, or a related field; Master's degree preferred
• 1+ years of experience in cost accounting, inventory accounting, manufacturing finance, or a related accounting or finance role
• Strong knowledge of inventory accounting, cost accounting, financial reporting, journal entries, balance sheet reconciliations, SAP or ERP systems, and Microsoft Excel
• Experience working with SAP or similar ERP systems and reporting tools such as Alteryx or Tableau, or the ability to quickly learn new financial reporting and digitalization technologies
• Strong analytical, communication, collaboration, and organizational skills with the ability to manage multiple priorities, solve problems proactively, and work effectively in a fast-paced manufacturing environment
• Applicants must be legally authorized for employment in the United States without need for current or future employer-sponsored work authorization. Siemens Energy employees with current visa sponsorship may be eligible for internal transfers.

About The Team

Grid Technologies

Our Grid Technology division enables a reliable, sustainable, and digital grid. The power grid is the backbone of the energy transition. Siemens Energy offers a leading portfolio and solutions in HVDC transmission, grid stabilization and storage, high voltage switchgears and transformers, and digital grid technology.

Who is Siemens Energy?

At Siemens Energy, we are more than just an energy technology company. With ~100,000 dedicated employees in more than 90 countries, we develop the energy systems of the future, ensuring that the growing energy demand of the global community is met reliably and sustainably. The technologies created in our research departments and factories drive the energy transition and provide the base for one sixth of the world's electricity generation.

Our global team is committed to making sustainable, reliable, and affordable energy a reality by pushing the boundaries of what is possible. We uphold a 150-year legacy of innovation that encourages our search for people who will support our focus on decarbonization, new technologies, and energy transformation.

Find out how you can make a difference at Siemens Energy: https://www.siemens-energy.com/employeevideo

Rewards

• Career growth and development opportunities; supportive work culture
• Company paid Health and wellness benefits
• Paid Time Off and paid holidays
• 401K savings plan with company match
• Family building benefits
• Parental leave

https://jobs.siemens-energy.com/jobs