Cost Accountant

Job Description: Cost Accountant

Location: On-Site in Saint Martin, Minnesota

Are you passionate about finance and meticulous with numbers? Do you thrive in a dynamic environment where your analytical skills can make a real impact? Our organization is seeking a talented Cost Accountant to join our team and play a key role in our financial operations.

Position Overview:

As a Cost Accountant, you will apply your expertise in cost accounting to implement and maintain detailed cost information. You will perform advanced analyses to compare standard costs to actual costs, preparing a variety of financial planning and analysis reports that support our financial operations.

Key Responsibilities:

• Gather and compile cost information, ensuring accurate costing for our products.
• Maintain accurate standard costs, collaborating with Engineering, Procurement, Quality Control, and Operations teams.
• Conduct the annual cost roll, ensuring all material, labor, and overhead rates are calculated accurately and updated.
• Analyze and evaluate product costs monthly, identifying and understanding variances from standard, including scrap, re-work, deviations, and labor inefficiencies.
• Monitor and report on inventory levels, ensuring accurate valuation and reconciliation.
• Conduct quarterly audits of the Cycle Count program and ensure appropriate controls are in place.
• Ensure accurate consumption and use of inventory in production, with appropriate valuation of all purchased materials or products, and explain monthly purchase price variances.
• Calculate the Excess and Obsolete Inventory Reserve quarterly.
• Assist with the monthly, quarterly, and annual financial close processes, including journal entries, reconciliations, and other month-end duties.
• Produce and distribute bi-weekly labor efficiency and machine utilization reports.
• Review, analyze, and report on profit margins.
• Assist in costing for all New Product Development and Cost Out projects.
• Provide management with reports specifying and comparing factors affecting prices and profitability of products or services.
• Assist in the development of the company's costing processes, procedures, and systems.

Qualifications:

• Bachelor's degree in Accounting, Finance, or Economics.
• Minimum of two years of experience in cost accounting.
• Excellent verbal and written communication skills.
• Proficient in Microsoft Office Suite and accounting software.
• Thorough understanding of Generally Accepted Accounting Principles (GAAP).
• Previous experience working with a Standard Costing system.
• In-depth understanding of Material, Labor, and Overhead costing methodology.

Why Join Us?

• Competitive Wages: We offer competitive pay for all positions.
• Comprehensive Benefits: Our benefits package includes medical, dental, and vision insurance, an Employee Stock Ownership Plan (ESOP), paid holidays, paid vacation, a 401(k) plan with a generous company match and immediate 100% vesting, employer-paid life insurance, an employee assistance program, volunteer paid time off, a company wellness program, an employee referral program, and bonus eligibility. (A waiting period for benefits may apply, and only full-time employees are eligible.)
• Engaging Work Environment: Our organization organizes numerous events throughout the year, including employee and customer appreciation events, Demo Days, Company Family Day, and multiple community involvement events.