Cost Accountant

Job Description

Job Description

We are looking for a skilled Cost Accountant to join our team in Livonia, Michigan. In this role, you will work closely with the Plant Controller to analyze manufacturing costs, evaluate variances, and identify opportunities for cost savings and process improvements. Your expertise in cost accounting will drive financial insights and support strategic decision-making across production, procurement, and sales teams.

Responsibilities :

• Monitor and assess manufacturing costs, margins, and variances while driving improvements in cost reporting and cost-saving initiatives.
• Develop and maintain standard cost capturing activities that align with production workflows.
• Review and update labor rates and establish overhead rates for variable manufacturing costs assigned to work centers.
• Collaborate with production management to conduct time studies and ensure accurate labor standards for bills of materials and production orders.
• Work with cross-functional teams, including procurement and engineering, to collect cost inputs and enhance cost accuracy.
• Support the sales team by providing detailed cost models and profitability analyses for quoting processes.
• Conduct financial analysis of completed and ongoing projects, including profitability, revenue recognition, and margin evaluation.
• Manage and improve inventory valuation processes, including conducting physical inventory counts and analyzing obsolete or slow-moving inventory.
• Maintain and enhance processes and controls related to manufacturing costs and inventory management.
• Provide detailed financial insights and recommendations to improve operational efficiency and cost effectiveness.
• Strong understanding of cost accounting principles and their application in manufacturing environments, including both WIP and average costing for inventory.
• Proficiency in accounting and finance principles, with experience in project accounting and revenue recognition.
• Advanced analytical, written, and verbal communication skills.
• Expertise in Excel and other Office365 tools, with experience in inventory management systems.
• Prior experience in a manufacturing environment, especially in job-shop settings.
• Knowledge of production workflows, including work centers, production orders, bills of materials, and work-in-progress.
• Familiarity with ERP systems, with Acumatica experience being a plus.
• Bachelor’s degree in Accounting, Finance, or a related field, with at least 5 years of experience in cost accounting in manufacturing settings.