Sr Cost Accountant

301055 Fenwal, Inc.; Warrendale (Allegheny County); On-site; USD 95,000 - 105,000; Full time

Job summary

Fresenius Kabi is seeking a Senior Cost Accountant to analyze and maintain product costs, inventory valuation, and manufacturing performance metrics. You will partner with Operations, Supply Chain, Engineering, and Finance leadership to drive profitability and cost-reduction initiatives.

Acting as the subject matter expert for standard costing, variances, and inventory analysis, you will also support budgeting, forecasting, and strategic decision-making across the business.

Qualifications

• Bachelor's degree in accounting is required.
• 5+ years cost accounting experience in a manufacturing setting preferred.
• Experience with SAP GUI (not Fiori) in a manufacturing environment; S/4HANA experience preferred.
• Strong working knowledge of standard costing, inventory controls, and GAAP.
• Advanced Excel skills (pivot tables, formulas, data analysis).
• Effective written and verbal communication with all levels of plant management.

Responsibilities

• Cost Accounting & Product Costing: maintain and analyze standard costs, BOMs, routings, and product cost structures; update standard costs; support new product costing and pricing decisions; ensure accurate cost valuation in SAP.
• Manufacturing Finance & Variance Analysis: analyze labor, material, overhead, scrap, yield variances; identify root causes and recommend corrective actions; monitor KPIs and present results to leadership.
• Inventory Management: monitor valuation and reserve calculations; support cycle counts and physical inventories; analyze accuracy and risks; reconcile discrepancies.
• Financial Planning & Analysis: assist monthly close, budgets, forecasts; perform variance analysis and build financial models for operations.
• Cost Reduction & Business Partnership: identify savings opportunities; collaborate with manufacturing, supply chain, and engineering on improvements; track realized savings.
• Reporting & Systems: develop cost reporting and dashboards; support SAP costing and system enhancements; ensure compliance with internal controls and GAAP.

Skills

Cost accounting

GAAP knowledge

Financial analysis

Communication skills

Excel proficiency

Education

Bachelor's degree in accounting

Tools

SAP GUI

S/4HANA

Job description

Job Summary

Salary Range: $95,000 to $105,000 dependent upon education and experience. A 6% Annual Target Bonus is also included with this position.

The Senior Cost Accountant is responsible for analyzing and maintaining product costs, inventory valuation, manufacturing performance metrics, and operational financial reporting. This role partners closely with Operations, Supply Chain, Engineering, and Finance leadership to provide actionable insights that improve profitability, support cost reduction initiatives, and ensure the integrity of cost accounting processes. The position serves as the subject matter expert for standard costing, manufacturing variances, and inventory analysis while supporting budgeting, forecasting, and strategic decision-making.

Responsibilities

• Cost Accounting & Product Costing
  Maintain and analyze standard costs, Bills of Materials (BOMs), routings, and product cost structures. Perform annual and periodic standard cost updates. Support new product costing, profitability analysis, and pricing decisions. Ensure accurate product cost valuation within SAP S/4HANA systems.




• Manufacturing Finance & Variance Analysis
  Analyze labor, material, overhead, scrap, yield, and production variances. Investigate root causes of manufacturing inefficiencies and provide recommendations for corrective action. Develop and monitor key manufacturing KPIs. Present cost performance results to Finance and Operations leadership.




• Inventory Management
  Monitor inventory valuation and reserve calculations. Support cycle count programs and physical inventories. Analyze inventory accuracy and identify inventory-related risks and opportunities. Reconcile inventory balances and resolve discrepancies.




• Financial Planning & Analysis
  Support monthly close activities, including journal entries, accruals, and account reconciliations. Assist with annual budgets, forecasts, and long‑range planning. Perform budget‑to‑actual analysis and explain significant variances. Develop financial models to support operational and strategic initiatives.




• Cost Reduction & Business Partnership
  Identify and quantify cost savings opportunities. Partner with manufacturing, supply chain, and engineering teams on continuous improvement projects. Support productivity initiatives, sourcing decisions, and capital investments with financial analysis. Track and report realized savings from cost reduction programs.




• Reporting & Systems
  Develop and maintain cost reporting and financial dashboards. Support SAP costing and other financial systems enhancements. Improve reporting automation and data accuracy. Ensure compliance with internal controls, accounting policies, and GAAP requirements.

REQUIREMENTS

• Bachelors Degree in accounting.


• Five plus (5+) years cost accounting experience in a manufacturing facility is preferred.


• Experience using SAP GUI (not Fiori) in a manufacturing environment. (S/4HANA preferred)


• Working knowledge of standard costing, financial inventory controls and GAAP are required.


• Intermediate to Advanced Excel skills (Functions, Pivot Tables, Complex Formulas, etc).


• Must be able to communicate, both written and verbal with all levels of plant management.

Additional Information

• We offer an excellent salary and benefits package including medical, dental and vision coverage, as well as life insurance, disability, 401K with company contribution, and wellness program.


• Please note that joining our team does not create a guaranteed or permanent employment arrangement. All employment is at-will, meaning both the employee and Fresenius Kabi have the right to end the employment relationship at any time, in accordance with applicable federal and state laws.


• Fresenius Kabi is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, citizenship, immigration status, disabilities, or protected veteran status.


• Fresenius Kabi is a global health care company that specializes in injectable medicines, biosimilars, and technologies for infusion, transfusion, and clinical nutrition. Our expansive portfolio of products and global network of science and manufacturing centers provide essential support for the care of critical and chronically ill patients. With more than 41,000 employees worldwide, our dedicated team is united by our shared purpose: to put lifesaving medicines and technologies in the hands of people who care for patients – and to find answers to the challenges they face. We call this purpose caring for life.


• Our U.S. headquarters is in Lake Zurich, Illinois and the company’s global headquarters is in Bad Homburg, Germany.


• Follow us on LinkedIn to learn more: http://bit.ly/3KdaGJr