Sr. Cost Accountant/Analyst

Smiths Group; Chicago (IL); On-site; USD 85,000 - 120,000; Full time

Job summary

DRC Heat Transfer in Melrose Park, IL, seeks a Sr. Cost Accountant/Analyst to analyze manufacturing costs, prepare reports, and strengthen cost management across production processes.

You will partner with operations and finance, conduct variance analysis, support budgeting and month-end close, and ensure data integrity in cost systems; requires GAAP knowledge and ERP experience.

Qualifications

• Bachelor's degree in accounting, finance, or equivalent experience.
• Strong knowledge of cost accounting, inventory valuation, standard costing, and manufacturing variance analysis.
• Experience with bills of materials, cost centers, inventory controls, and product cost structures.
• Proficiency in Microsoft Excel and prior use of an ERP system.
• Solid understanding of U.S. GAAP and its application to inventory and manufacturing accounting.

Responsibilities

• Analyze manufacturing costs and prepare cost reports for materials, labor and overhead.
• Review bills of materials for accuracy and collaborate with operations to maintain costing integrity.
• Support budgeting, forecasting, and month-/year-end close with accurate cost entries.
• Conduct variance analysis and identify cost-saving opportunities.
• Maintain cost accounting systems and ensure data integrity across production processes.

Skills

Cost accounting

Inventory valuation

Standard costing

Variance analysis

Bills of materials

Cost centers

Inventory controls

Product cost structures

Excel

ERP system

US GAAP

Education

Bachelor's degree

Tools

ERP system

Job description

DRC Heat Transfer (DRC) is a US-based designer and manufacturer of custom heat transfer and cooling solutions, primarily for the power generators used in data centers. DRC has an opening for the Sr. Cost Accountant/Analyst position located in Melrose Park, IL. DRC is a Subsidiary of Smiths Group PLC (Smiths) with Headquarters in London, England. The Sr. Cost Accountant is a key part of the DRC Finance leadership team.

Job Description

Summary

This pivotal role, is responsible for analyzing manufacturing costs, preparing financial reports, and ensuring accurate cost management within our production processes. This position offers an exciting opportunity to apply accounting skills within a fast-paced manufacturing environment, contributing directly to the company's financial health and operational success.

Essential Duties and Responsibilities

• Prepare and analyze cost reports related to materials, labor and overhead.
• Regular review of bill of materials for accuracy.
• Partner with production and supply chain to ensure accurate costing and establish/maintain best practices.
• Monitoring inventory valuation and reconciling cost discrepancies.
• Support physical inventory counts and reconciliations.
• Assisting with budgeting and forecasting based on cost trends and production data.
• Collaborating with operations and finance teams to improve cost efficiency.
• Conducting variance analysis and identifying cost-saving opportunities.
• Supporting month- and year-end close processes with accurate cost entries.
• Maintaining cost accounting systems and ensuring data integrity.
• Support pricing and profitability decisions.
• Understanding cost accounting standards, industry trends, and best practices.
• Assist with audits by providing detailed documentation of cost accounting procedures, account reconciliations, and financial data interpretation.

Qualifications

• At least 5 years of proven experience in accounting within a manufacturing industry environment with a strong understanding of cost accounting principles.
• Bachelor’s degree in accounting, finance, or equivalent experience.
• Demonstrated knowledge of cost accounting, inventory valuation, standard costing, and manufacturing variance analysis.
• Experience working with bills of materials, cost centers, inventory controls, and product cost structures.
• Proficiency in Microsoft Excel and prior use of an ERP system.
• Solid understanding of U.S. GAAP and its application to inventory and manufacturing accounting.
• Strong communication, organization, and problem-solving skills with the ability to collaborate across Operations, Engineering, Supply Chain, and Finance.
• Manage detailed financial information with accuracy.
• Ability to interpret complex financial reports and conduct cost analysis to support strategic decision-making.
• Excellent organizational skills with attention to detail.

Additional Information

All your information will be kept confidential according to EEO guidelines.

We believe that different perspectives and backgrounds are what make a company flourish. All qualified applicants will receive equal consideration for employment regardless of color, religion, sex, sexual orientation, gender identity, national origin, economic status, disability, age, or any other legally protected characteristics. We are proud to be an inclusive company with values grounded in equality and ethics, where we celebrate, support, and embrace diversity.

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