Cost Accounting Internship

Service Wire; Culloden (WV); On-site; USD 21,000 - 34,000; Part time

Job summary

Service Wire Company in Culloden, West Virginia is seeking a Cost Accounting Intern to support our cost accounting team and gain hands-on experience in item costing, inventory management, and reporting. You will work with seasoned professionals on variance analysis, cost processes, and continuous improvement initiatives.

The role involves assisting with labor rate analysis, inventory counts, budget documentation for capital projects, and month-end closing activities.

Qualifications

• Pursuing a bachelor's degree in accounting, Finance, or related field.
• Strong interest in cost accounting and financial analysis.
• Basic knowledge of Microsoft Office, particularly Excel.
• Good verbal and written communication skills.
• Attention to detail, organizational skills, and willingness to learn.
• Basic understanding of accounting principles.
• Ability to manage confidential information.

Responsibilities

• Labor and Burden Rate Analysis: Assist in analyzing labor and overhead rates.
• Inventory Assistance: Help with weekly, month-end and year-end inventories.
• Report Preparation: Prepare basic reports on machine utilization, efficiency, production volumes, KPIs, and ad hoc reporting.
• Budget Documentation: Assist in preparing documentation for capital project budgets including payback and IRR.
• Cost Accuracy Review: Support review and analysis of actual costs, identifying inaccuracies and ensuring data accuracy.
• Process Improvement Support: Aid in identifying and recommending process improvements to improve cost accounting accuracy.
• Profit Margin Analysis: Contribute to analyzing and reporting actual profit margins.
• Closing Support: Participate in month-end and year-end closing activities, helping with documentation and data entry.
• Performs other related duties as assigned by supervisor.

Skills

Cost accounting

Financial analysis

Excel

Attention to detail

Communication

Confidential information handling

Education

Bachelor's degree in accounting or Finance

Tools

Excel

Job description

Service Wire Company, a premier supplier of industrial and utility wire and cable, is currently seeking a Cost Accounting Intern in Culloden, WV. If you are looking to join a great organization and a chance to become a part of our growing team, this may be the opportunity for you!

Position Summary:

As a Cost Accounting Intern, you will play a crucial role in supporting our Cost Accounting team's efforts to ensure accurate and timely financial data related to item costing, inventory, and reporting. You will have the opportunity to work alongside experienced professionals and gain valuable insights into cost accounting practices, variance analysis, and other related processes.

Tasks/Duties/Responsibilities:

• Labor and Burden Rate Analysis: Assist in analyzing labor and overhead rates
• Inventory Assistance: Help with weekly, month-end and year-end inventories.
• Report Preparation: Prepare basic reports on machine utilization, efficiency, production volumes, key performance indicators, and ad hoc reporting.
• Budget Documentation: Assist in preparing documentation for capital project budgets including payback and internal rate of return.
• Cost Accuracy Review: Support the review and analysis of actual costs, by helping to identify inaccuracies and ensuring data accuracy.
• Process Improvement Support: Aid in identifying and recommending process improvements to enhance the accuracy of cost accounting.
• Profit Margin Analysis: Contribute to analyzing and reporting actual profit margins
• Closing Support: Participate in month-end and year-end closing activities, helping with documentation and data entry.
• Performs other related duties as assigned by supervisor as necessary.

Knowledge/Skills/Requirements:

• Pursuing a bachelor's degree in accounting, Finance, or a related field (preferably Junior or Senior)
• Strong interest in cost accounting and financial analysis
• Basic knowledge of Microsoft Office, particularly Excel
• Good verbal and written communication skills
• Attention to detail, strong organizational skills, and willingness to learn
• Basic understanding of accounting principles
• Ability to manage confidential information

Reports To:

• Financial Planning & Analyst, Manager