Senior Cost Accountant

Ingersoll Rand is committed to achieving workforce diversity reflective of our communities. We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to age, ancestry, color, family or medical care leave, gender identity or expression, genetic information, marital status, medical condition, national origin, physical or mental disability, political affiliation, protected veteran status, race, religion, sex (including pregnancy), sexual orientation, or any other characteristic protected by applicable laws, regulations and ordinances.

Job title: Senior Cost Accountant

Location: Alsip, IL

About Us
Im agine a company with technology leadership of over 160 years, yet it operates with the energy of a startup. Ingersoll Rand has dedicated itself to Making Life Better for its employees, customers, shareholders, and planets. We produce innovative and mission-critical flow creation and life science technologies - from compressors to precision handling of liquids, gasses, and powers - to increase industrial productivity, efficiency, and sustainability. Supported by over 80 brands, our products are used in various end-markets including life sciences, food and beverage, clean energy, industrial manufacturing, infrastructure, and more. Across the globe, we're driving growth with an entrepreneurial spirit and ownership mindset. Learn more at irco.com and join us to own your future.

Job Overview:
The Senior Cost Accountant is responsible for overseeing and analyzing the costs associated with the company's production and operations. This role ensures accurate costing and financial data to drive business decisions, maintain profitability, and support overall financial goals. The Senior Cost Accountant plays a critical role in budgeting, forecasting, variance analysis, and improving cost-efficiency measures.

Responsibilities:

• Develop and maintain standard costing systems for products and services.
• Perform periodic cost rolls/updates
• Prepare and provide analysis of cost variances
• Work closely with Supply Chain to provide support relating to cost related matters
• Analyze cost accounting data and assist with cycle count/physical inventories
• Assist in month-end closing, prepare journal entries as necessary, analyze inventory evaluation, inventory roll forward
• Classifying the costs accurately as part of PPV analysis
• Process all requests for new/adjustments for customers and suppliers per accounting policy
• Partner with operational management to improve controls, accuracy and quality of manufacturing costs and resolve extraordinary variances.
• Prepare cost forecasts, budgets, and profitability analyses.
• Assist in the preparation of monthly, quarterly, and annual financial statements.
• Collaborate with cross-functional teams to ensure accurate financial reporting.
• Identify opportunities for cost savings and process efficiencies.
• Implement best practices in cost accounting and financial analysis.
• Ensure compliance with financial regulations, GAAP, and company policies.
• Maintain accurate records and controls to support cost management strategies.
• Provide insights to senior leadership for informed decision-making.
• All other duties assigned