Cost Accountant: Variance & Inventory Cost Expert

CPS, Inc.; Worcester (MA); On-site; USD 70,000 - 90,000; Full time

Job summary

CPS, Inc. is seeking a detailed cost analyst to plan, study and collect data to determine costs of business activity including inventory, labor and cost of goods sold. You will understand and adjust standard costs, and explain variances to budget and standards.

The role emphasizes investigating variances, closing procedures, and maintaining accurate cost records, with responsibilities spanning journal entries and inventory adjustments to support the General Ledger and monthly reconciliations.

Responsibilities

• Investigate inventory count variances and resolve issues
• Ensure the timeliness and accuracy of closing procedures
• Review standard and actual costs for inaccuracies
• Prepare and post monthly journal entries as needed
• Assist in month-end close and the General Ledger, including owning the recording of inventory adjustments
• Providing management with reports specifying and comparing factors affecting prices and profitability of products or services
• Analyzing actual manufacturing costs and periodic reports comparing standard costs to actual production costs
• Assist in developing and documenting policies and procedures, including system requirements and internal controls
• Process and assist in monthly balance sheet reconciliations

Job description

CPS, Inc. is seeking a detailed cost analyst to plan, study and collect data to determine costs of business activity including inventory, labor and cost of goods sold. You will understand and adjust standard costs, and explain variances to budget and standards.

The role emphasizes investigating variances, closing procedures, and maintaining accurate cost records, with responsibilities spanning journal entries and inventory adjustments to support the General Ledger and monthly reconciliations.