Cost Accountant

CPM Holdings, Inc; Waterloo (IA); On-site; USD 60,000 - 85,000; Full time

Job summary

CPM Holdings, Inc. is a global process engineering and equipment company seeking a highly motivated Cost Accountant to support the finance function within our Industrial Solutions market segment.

This role focuses on cost accounting for one US site, ensuring accurate manufacturing costs, inventory, and product costing while delivering financial insight for operational performance and cost control. Reporting to the North America Controller, the ideal candidate will have hands‑on cost accounting

Qualifications

• 2-5 years cost accounting experience in manufacturing
• Hands‑on experience with standard costing
• Experience supporting monthly close and inventory accounting
• Strong understanding of BOMs, routings, absorption and manufacturing accounting
• Experience with SAP or Oracle ERP systems

Responsibilities

• Maintain and administer the standard cost system including BOMs, routings, labor rates, and overhead rates
• Perform inventory accounting and control including valuations, reconciliations, cycle counts, and obsolescence analysis
• Manage production orders, closures, labor/material postings, and variance resolution
• Prepare and analyze manufacturing variances (material, labor, overhead, yield)
• Support cost estimates and margin analysis for customer quotations
• Assist with budgeting and forecasting for manufacturing costs and inventory levels
• Foster accountability, collaboration, and continuous improvement
• Perform other ad hoc duties as required

Skills

Cost accounting

Manufacturing costing

BOMs & routings

Inventory accounting

Budgeting & forecasting

ERP systems

Teamwork

Travel readiness

Education

BA in Accounting/Finance

Tools

SAP

Oracle

Job description

CPM Holdings, Inc. is a global process engineering and equipment company with one mission: to sustainably feed, fuel, and build a better world. CPM serves a wide range of industries with solutions that help improve everyday life for people across the globe. Comprised of a growing family of trusted equipment and technology brands, CPM is committed to product, geographic, and acquisitive growth.

CPM is seeking a highly motivated Cost Accountant to support the finance function within our Industrial Solutions market segment. This role is responsible for cost accounting activities at one of our US sites, ensuring the accuracy and integrity of manufacturing costs, inventory, and product costing while providing financial insight to support operational performance, cost control, and continuous improvement.

Initially reporting to the North America Controller, the ideal candidate will have strong cost accounting experience and a hands on approach to operational finance.

This position could offer opportunities for professional growth and increased responsibility. As the successful candidate demonstrates strong performance, leadership capabilities, and business impact, there may be opportunities to expand the scope of the role, take on additional responsibilities, and advance within the organization.

Primary Responsibilities:

• Maintain and administer the standard cost system, including the setup, review, and update of bills of material (BOMs), routings, labor rates, and overhead rates
• Perform inventory accounting and control, including inventory valuation, reconciliations, cycle counts, physical inventories, and analysis of inventory reserves and obsolescence
• Manage and monitor production orders, including timely and accurate production order closures, review of labor and material postings, and resolution of variances prior to close
• Prepare and analyze manufacturing variances, including material usage, labor efficiency, labor rate, overhead spending, overhead absorption, and yield variances
• Support the business with cost estimates and analysis for customer quotations, including material, labor, overhead, and margin analysis to ensure accurate and competitive pricing
• Assist with budgeting and forecasting related to manufacturing costs, inventory levels, and production volumes
• Foster a culture of accountability, collaboration, and continuous improvement
• Other ad hoc duties as and when required

Required Qualifications:

• 2-5 years of cost accounting experience in a manufacturing environment
• Bachelors of Arts (BA) in Accounting or Finance Degree
• Hands‑on experience with standard costing
• Experience supporting monthly close and inventory accounting
• Strong understanding of BOMs, routings, absorption and manufacturing accounting
• Experience working with ERP systems (e.g. SAP, Oracle)
• Positive attitude and excellent interpersonal skills in a team environment
• Motivated self-starter with ability to prioritize workload and manage deadlines
• Occasional travel will be required to support business needs

CPM Acquisition Corp. is an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status. CPM Acquisition Corp. offers competitive compensation and benefits, including paid holidays and vacations, 401k, medical/dental insurance, tuition assistance, and more.