Senior Cost Accountant

Ingersoll Rand; Chicago (IL); On-site; USD 85,000 - 105,000; Full time

Job summary

A leading company in industrial solutions is seeking a Senior Cost Accountant to oversee and analyze production costs. This role involves budgeting, forecasting, and ensuring compliance with financial regulations. The ideal candidate will have a Bachelor's degree and significant experience in cost accounting.

Benefits

Shares options

Health care options

401(k) plan

Paid time off

Employee stock grant

Qualifications

• 5+ years Cost Accounting experience required.

Responsibilities

• Develop and maintain standard costing systems.
• Prepare and provide analysis of cost variances.
• Assist in month-end closing and prepare journal entries.

Skills

Cost Accounting

Financial Analysis

Budgeting

Forecasting

Variance Analysis

Education

Bachelor's in Accounting or Finance

Job description

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Ingersoll Rand is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to age, ancestry, color, family or medical care leave, gender identity or expression, genetic information, marital status, medical condition, national origin, physical or mental disability, political affiliation, protected veteran status, race, religion, sex (including pregnancy), sexual orientation, or any other characteristic protected by applicable laws, regulations and ordinances.

Job title: Senior Cost Accountant

Location: Alsip, IL

About Us

Imagine a company with technology leadership of over 160 years, yet it operates with the energy of a startup. Ingersoll Rand has dedicated itself to Making Life Better for its employees, customers, shareholders, and planets. We produce innovative and mission-critical flow creation and life science technologies – from compressors to precision handling of liquids, gasses, and powers – to increase industrial productivity, efficiency, and sustainability. Supported by over 80+ brands, our products are used in various end-markets including life sciences, food and beverage, clean energy, industrial manufacturing, infrastructure, and more. Across the globe, we’re driving growth with an entrepreneurial spirit and ownership mindset. Learn more at irco.com and join us to own your future.

Job Overview:

The Senior Cost Accountant is responsible for overseeing and analyzing the costs associated with the company’s production and operations. This role ensures accurate costing and financial data to drive business decisions, maintain profitability, and support overall financial goals. The Senior Cost Accountant plays a critical role in budgeting, forecasting, variance analysis, and improving cost-efficiency measures.

Responsibilities:

• Develop and maintain standard costing systems for products and services.
• Perform periodic cost rolls/updates
• Prepare and provide analysis of cost variances
• Work closely with Supply Chain to provide support relating to cost related matters
• Analyze cost accounting data and assist with cycle count/physical inventories
• Assist in month-end closing, prepare journal entries as necessary, analyze inventory evaluation, inventory roll forward
• Classifying the costs accurately as part of PPV analysis
• Process all requests for new/adjustments for customers and suppliers per accounting policy
• Partner with operational management to improve controls, accuracy and quality of manufacturing costs and resolve extraordinary variances.
• Prepare cost forecasts, budgets, and profitability analyses.
• Assist in the preparation of monthly, quarterly, and annual financial statements.
• Collaborate with cross-functional teams to ensure accurate financial reporting.
• Identify opportunities for cost savings and process efficiencies.
• Implement best practices in cost accounting and financial analysis.
• Ensure compliance with financial regulations, GAAP, and company policies.
• Maintain accurate records and controls to support cost management strategies.
• Provide insights to senior leadership for informed decision-making.
• All other duties assigned
  
  

Requirements:

• Bachelor's in accounting or finance
• 5+ years Cost Accounting experience is required
  
  

Preferences:

• CPA, CMA, or equivalent certification preferred.
  
  

Travel & Work Arrangements/Requirements

• Fully site based
  
  

Pay Range

The pay range for this role is $85,000-$105,000. The pay range considers a wide range of factors that include a candidate’s skills; experience and training; licensure and certifications; and geographic location.

What We Offer

Our benefits – location dependent (car, annual leave allowance, pension etc), but ALWAYS include Shares options

At Ingersoll Rand, we embrace a culture of personal ownership — taking responsibility for our company, our communities, and our environment, as well as our individual health and well-being. Our comprehensive benefits package is designed to empower you with the tools and support necessary to take charge of your health, ensuring that together, we can continue to make life better. Our range of benefits includes health care options like medical and prescription plans, dental and vision coverage, as well as wellness programs. Additionally, we provide life insurance, a robust 401(k) plan, paid time off, and even an employee stock grant, among other offerings. These benefits are our commitment to you, so you can be your best at work and beyond.

Ingersoll Rand Inc. (NYSE:IR), driven by an entrepreneurial spirit and ownership mindset, is dedicated to helping make life better for our employees, customers and communities. Customers lean on us for our technology-driven excellence in mission-critical flow creation and industrial solutions across 40+ respected brands where our products and services excel in the most complex and harsh conditions. Our employees develop customers for life through their daily commitment to expertise, productivity and efficiency. For more information, visit www.IRCO.com.

TO APPLY: Please apply via our website Ingersoll Rand Careers by April 2025 in order to be considered for this position.

What We Offer

At Ingersoll Rand, we embrace a culture of personal ownership — taking responsibility for our company, our communities, and our environment, as well as our individual health and well-being. Our comprehensive benefits package is designed to empower you with the tools and support necessary to take charge of your health, ensuring that together, we can continue to make life better. Our range of benefits includes health care options like medical and prescription plans, dental and vision coverage, as well as wellness programs. Additionally, we provide life insurance, a robust 401(k) plan, paid time off, and even an employee stock grant, among other offerings. These benefits are our commitment to you, so you can be your best at work and beyond.

Ingersoll Rand is committed to achieving workforce diversity reflective of our communities. We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to age, ancestry, color, family or medical care leave, gender identity or expression, genetic information, marital status, medical condition, national origin, physical or mental disability, political affiliation, protected veteran status, race, religion, sex (including pregnancy), sexual orientation, or any other characteristic protected by applicable laws, regulations and ordinances.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing and Finance

• Industries

  Industrial Machinery Manufacturing

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