Senior Cost Accountant

Socket.dev; Lansing (MI); On-site; USD 65,000 - 90,000; Full time

Job summary

Socket.dev is seeking a Sr. Cost Accountant to provide insight into variances, overhead, and inventory.

This role identifies cost-saving opportunities and collaborates with engineering, supply chain, and manufacturing to drive improvements. The position requires a Bachelor’s in Accounting/Finance with 3–5 years in manufacturing cost accounting, strong Excel skills, and experience with an integrated ERP system.

Qualifications

• Bachelor’s degree in Accounting/Finance with 3–5 years in manufacturing cost accounting preferred.
• Experience analyzing standard vs actual costs and variances in a manufacturing setting.
• Knowledge of U.S. GAAP as applied to cost accounting and reporting.

Responsibilities

• Review and analyze standard and actual costs for manufacturing variances and prepare reports.
• Liaise with production teams to review job cost variances and identify root causes and countermeasures.
• Provide financial support for cost improvement projects and track results.
• Analyze purchase price variances and prepare reports for Supply Chain with improvement recommendations.
• Partner with quoting team on product cost, profitability analysis, and quote packages.
• Provide margin analysis for new products and identify margin gaps.
• Prepare reports comparing actual vs budgeted operational costs and track reductions.
• Analyze inventory trends and future projections to reduce balance sheet risk.
• Maintain productivity reporting and collaborate on errors and inefficiencies.
• Contribute to special projects as required.

Skills

Excel

GAAP knowledge

Analytical skills

Communication

Education

Bachelor’s degree in Accounting/Finance

Tools

ERP system

Job description

Position Summary

The Sr. Cost Accountant position is responsible for providing insight into manufacturing variances, overhead expenses, and inventory. The Sr. Cost Accountant identifies process improvements, cost-saving opportunities, and growth projections. They work closely with engineering, supply chain, and manufacturing personnel to resolve variances and inefficiencies.

Principle Responsibilities

• Review and analyze standard and actual costs for manufacturing variances and prepare reports
• Liaise with the production teams on a regular basis, reviewing significant job cost variances for root cause identification, and ultimately counter measure actions
• Providing financial support for cost improvement projects, tracking and reporting
• Analyze purchase price variance, preparing reports for Supply Chain with improvement opportunity recommendation
• Partner with the quoting team, participating in special projects, product cost and profitability analysis, and in the preparation of quote packages as necessary
• Provide margin analysis reviews on newly introduced products, highlighting actual vs. quoted margin gaps
• Prepare reports comparing actual vs budgeted operational costs and track any reduction actions
• Analyze inventory trends and future projections to assist in reducing balance sheet risk
• Maintain productivity reporting and collaborate with Operations on errors and inefficiencies
• Work on special projects as required

Qualification Requirements

Credentials/Experience:

• Bachelor’s degree in Accounting/Finance or similar and three (3) to five (5) years in manufacturing cost accounting experience is preferred.

Knowledge, Skills, and Abilities:

• Proficiency in Excel, experience in manipulating large databases a plus
• Significant hands-on experience using an integrated ERP system
• Solid understanding of manufacturing operations, inventory and cost accounting
• Understanding of U.S. GAAP as it applies to a manufacturing environment is required
• Strong analytical, communication, organizational, and problem-solving skills.
• Extraordinary interpersonal skills to work in conjunction with other departments.
• Must be a team player who also works well independently.
• Must be able to analyze data, draw conclusions, interpret results, and make recommendations.

Work Environment

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Physical Requirements

While performing the duties of this job, the employee could be required to stand. The employee could frequently be required to walk; use hand to finger, handle, or feel; reach with hands and arms and talk or hear. The employee could be required to sit; climb or balance and stoop, kneel, crouch, or crawl. The employee could occasionally lift and or move up to 50 pounds.Specific vision abilities required by the job could include close vision, distance vision, peripheral vision, and ability to adjust focus.

Travel Requirements

N/A

Americans with Disabilities Act (ADA):

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Equal opportunity employer as to all protected groups, including protected veterans and individuals with disabilities.