Senior Cost Accountant

Central Wire Group of Companies; Pomfret Center (CT); On-site; USD 75,000 - 95,000; Full time

Job summary

Central Wire Group of Companies seeks a Senior Cost Accountant in Pomfret Center, Connecticut. This vital role involves managing product and inventory costing within a manufacturing environment, focusing on variance analysis and monthly financial reporting. Candidates should have experience with Microsoft Dynamics 365 Finance & Operations. Responsibilities include overseeing work order costing, supporting audits, and ensuring accurate financial reporting. This position plays a pivotal part in the Finance team's operational success.

Qualifications

• Experience with Microsoft Dynamics 365 Finance & Operations (D365 F&O) is essential.
• Strong understanding of manufacturing cost drivers and accounting principles.
• Proven ability to analyze variances and implement corrective actions.

Responsibilities

• Manage and improve product costing including BOMs and labor rates.
• Analyze variances and troubleshoot with Operations and Engineering.
• Prepare month-end journal entries and reconcile accounts.

Skills

Microsoft Dynamics 365 Finance & Operations

Cost analysis

Inventory management

Variance analysis

Job description

Overview

The Senior Cost Accountant is a key member of the Finance team responsible for managing, analyzing, and improving product and inventory costing within a manufacturing environment. This role owns standard costing, variance analysis, work order costing, and inventory valuation accuracy, working closely with Operations, Engineering, and Supply Chain.

The ideal candidate is experienced in Microsoft Dynamics 365 Finance & Operations (D365 F&O) and understands how operational activity flows through engineering routing, BOMs, production orders, and inventory into financial statements. This position plays a critical role in month end close, audit support, and continuous improvement of costing methods and controls.

Key Responsibilities

• Own and maintain product costing, including BOMs, routings, labor, overhead, and machine rates in D365 F&O.


• Analyze manufacturing variances (material, labor, overhead, purchase price, production) and partner with Operations and Engineering to explain and resolve drivers.


• Ensure accurate work order and production order costing, including proper closure and issue resolution.


• Monitor and correct inventory valuation, WIP, and manufacturing absorption accounts.


• Identify costing errors and lead root‑cause analysis, including corrective actions within D365.

D365 Finance & Operations Ownership

• Serve as the Finance subject‑matter expert for D365 F&O costing, inventory, and production modules.


• Maintain and review cost categories, cost groups, shared categories, and ledger postings to ensure accurate financial impact.


• Partner with IT, Engineering, and Operations on system changes, new items, routing updates, and master data governance.


• Support testing and validation of costing changes, upgrades, and process improvements in D365 F&O.

Month-End Close & Financial Reporting

• Prepare and review month‑end journal entries related to inventory, WIP, labor absorption, overhead absorption, and variances.


• Reconcile inventory and manufacturing balance sheet accounts and maintain supporting schedules.


• Ensure manufacturing costs are accurately reflected in cost of goods sold and gross margin reporting.


• Support internal and external audits with clear documentation, reconciliations, and process explanations.