Sr Cost Accountant

Wayne Fueling Systems LLC.; Austin (TX); On-site; USD 90,000 - 130,000; Full time

Job summary

Wayne Fueling Systems LLC. is seeking an experienced cost accountant to maintain product costing, including standard costs, BOMs, labor, and overhead, and to analyze manufacturing and inventory transactions for accurate costing and valuation.

The role supports periodic cost updates, inventory reserves, physical counts, and close processes, while providing margin analysis to finance and operations leadership.

Qualifications

• Bachelor’s degree in Accounting, Finance, or related field.

Responsibilities

• Maintain and monitor product costing, including standard costs, BOMs, labor, and overhead.
• Analyze manufacturing and inventory transactions for accurate cost accounting and inventory valuation.
• Prepare journal entries, accruals, reconciliations, and schedules related to inventory, COGS, and manufacturing expenses.
• Support monthly, quarterly, and annual close processes for inventory and cost accounting.
• Provide margin analysis, profitability reporting, and cost insights to Finance and Operational leadership.

Skills

Analytical and problem-solving skills

Communication of financial information

Education

Bachelor’s degree in Accounting, Finance, or related field

Tools

Oracle ERP

Microsoft Excel

Job description

• Maintain and monitor product costing, including standard costs, bills of materials, labor, and overhead rates.
• Analyze manufacturing and inventory transactions to ensure accurate cost accounting and inventory valuation.
• Review and reconcile inventory balances, cost layers, reserves, and related general ledger accounts.
• Support periodic cost updates, standard cost rolls, and inventory revaluations.
• Ensure inventory and cost transactions are recorded accurately and in accordance with company policy and accounting standards.
• Support inventory reserve analysis, physical inventory counts, cycle counts, and related inventory controls.
• Variance Analysis and Business Insight
• Prepare and analyze manufacturing variances, including purchase price, labor, overhead, scrap, material usage, and production variances.
• Investigate manufacturing variances and partner with Operations and Supply Chain teams to identify root causes and explain key drivers.
• Analyze manufacturing cost trends and identify unusual results, risks, or opportunities.
• Provide margin analysis, profitability reporting, and cost insights to Finance and Operational leadership.
• Prepare recurring and ad hoc financial reports related to plant performance, inventory, manufacturing costs, and cost of goods sold.
• Clearly communicate financial results and cost drivers to finance and non-finance stakeholders.
• Support monthly, quarterly, and annual close processes for inventory and cost accounting.
• Prepare journal entries, accruals, account reconciliations, and supporting schedules related to inventory, cost of goods sold, and manufacturing expenses.
• Ensure timely and accurate completion of close deliverables and supporting documentation.
• Maintain and strengthen controls around inventory movement, cycle counts, physical counts, and financial reporting.
• Support internal and external audit requests tied to inventory and cost accounting.
• Identify accounting, control, or data-quality issues and drive them through resolution.
• Process Improvement & Cross-Functional Support
• Partner with Operations, Procurement, Engineering, and Supply Chain teams to improve the accuracy of costing inputs and reporting.
• Identify and implement opportunities to simplify and standardize costing and inventory processes.
• Support ERP transactions, data validation, system enhancements, and process improvements related to costing and inventory.
• Recommend practical improvements to reduce manual work, improve reporting quality, and enhance data accuracy.

Key Responsibilities

• Cost Accounting and Inventory
• Maintain and monitor product costing, including standard costs, bills of materials, labor, and overhead rates.
• Analyze manufacturing and inventory transactions to ensure accurate cost accounting and inventory valuation.
• Review and reconcile inventory balances, cost layers, reserves, and related general ledger accounts.
• Support periodic cost updates, standard cost rolls, and inventory revaluations.
• Ensure inventory and cost transactions are recorded accurately and in accordance with company policy and accounting standards.
• Support inventory reserve analysis, physical inventory counts, cycle counts, and related inventory controls.
• Variance Analysis and Business Insight
• Prepare and analyze manufacturing variances, including purchase price, labor, overhead, scrap, material usage, and production variances.
• Investigate manufacturing variances and partner with Operations and Supply Chain teams to identify root causes and explain key drivers.
• Analyze manufacturing cost trends and identify unusual results, risks, or opportunities.
• Provide margin analysis, profitability reporting, and cost insights to Finance and Operational leadership.
• Prepare recurring and ad hoc financial reports related to plant performance, inventory, manufacturing costs, and cost of goods sold.
• Clearly communicate financial results and cost drivers to finance and non-finance stakeholders.
• Financial Close, Controls, & Reporting
• Support monthly, quarterly, and annual close processes for inventory and cost accounting.
• Prepare journal entries, accruals, account reconciliations, and supporting schedules related to inventory, cost of goods sold, and manufacturing expenses.
• Ensure timely and accurate completion of close deliverables and supporting documentation.
• Maintain and strengthen controls around inventory movement, cycle counts, physical counts, and financial reporting.
• Support internal and external audit requests tied to inventory and cost accounting.
• Identify accounting, control, or data-quality issues and drive them through resolution.
• Process Improvement & Cross-Functional Support
• Partner with Operations, Procurement, Engineering, and Supply Chain teams to improve the accuracy of costing inputs and reporting.
• Identify and implement opportunities to simplify and standardize costing and inventory processes.
• Support ERP transactions, data validation, system enhancements, and process improvements related to costing and inventory.
• Recommend practical improvements to reduce manual work, improve reporting quality, and enhance data accuracy.

Requirements

• Bachelor’s degree inAccounting, Finance, or related field.
• 6+ years of accounting experience, with relevant experience incost accounting, inventory accounting, or manufacturing finance.
• Strong knowledge ofstandard costing, inventory accounting, reconciliations, manufacturing variances, and cost of goods sold.
• Experience with standard cost updates, BOM/routing reviews, inventory reserves, cycle counts, and physical inventory processes.
• Experience within a manufacturing, distribution, or product-based environmentpreferred.
• Solid understanding of U.S. GAAP, general accounting principles and internal controls.
• Proficiency in ERP systems (Oracle preferred) and Microsoft Excel.
• Strong analytical and problem-solving skills with the ability to identify and explain manufacturing cost drivers.
• Ability to communicate financial information effectively to Operations and other non-Finance stakeholders.
• Ability to work independently, manage recurring deadlines, and prioritize effectively in a fast-paced environment.
• Demonstrated continuous improvement mindset and ability to partner cross-functionally to drive issues to resolution.