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Senior Cost Accountant - Hybrid

Young Innovations
Young Innovations Salary
Algonquin, IL Other
POSTED ON 2/7/2025
AVAILABLE BEFORE 4/6/2025

Job Details

Job Location:    Algonquin, IL
Salary Range:    Undisclosed

Description

Company Summary:

Young Innovations, Inc. is a leading developer, manufacturer and distributor of high-quality professional dental products designed to improve the clinical experience for dental professionals and patients. Young consistently delivers a diverse and innovative portfolio of highly-recognized, proprietary brands and private label/OEM options to oral healthcare practitioners and patients.

 

Job Summary: 

You be responsible for determining cost of raw material, labor, overhead and value of inventory while also contributing to acquisition integrations and other ad hoc projects as needed.

Job Duties: 

  • Execute monthly close responsibilities according to schedule for assigned scope areas by verifying accuracy of journal entries and variance reporting;

  • Prepare balance sheet account reconciliations timely and prepare supporting documentation for assigned scope areas;

  • Review, investigate and correct errors and inconsistencies in inventory accounting transactions to ensure proper accounting treatment within the general ledger;

  • Lead and execute variance capitalization analysis and reporting, including material usage & purchase price variances, direct and indirect labor and manufacturing overhead variances and work with Financial Planning and Analysis to incorporate into monthly variance reporting;

  • Work with Financial Planning and Analysis to incorporate variance analysis, annual plan and quarterly forecast changes into standard cost rolls per company process;

  • Participate with cross functional team to properly cost changes in existing BOMs, prepare BOM cost estimates and creation of new items/BOMs;

  • Support other manufacturing operating activities, as needed (cycle counts, physical inventory, etc.);

  • Work with the Company’s external auditors to provide requested information and explain the substance of the transaction for assigned scope areas;

  • Identify areas in cost accounting to improve processes and lead contribute to continuous improvement initiatives (close cycle time, capitalization, perpetual inventory, standard cost rolls, etc.);

  • Execute acquisition integration activities related to cost accounting (opening balance sheet inventory, month end close, standard cost/ERP deployment, etc.);

  • Support other enterprise-wide accounting activities as needed

  • Some travel required

Qualifications


Job Qualifications: 

  • Bachelor's degree or equivalent in Accounting;

  • 4 years of progressive accounting experience with at least 2 years of related experience in Cost Accounting; 

  • Experience working with operations, engineering and manufacturing team members on the development and analysis of cost standards;

  • CPA and/or Public accounting experience is a plus;

  • Proficient in Microsoft Office applications (Excel Advanced User) and experience working with ERP systems;

  • Excellent knowledge of US GAAP, IFRS is a plus

Key Traits:

  • High energy, positive, collaborative, approachable, team oriented work style and ability to follow through with a very high level of customer satisfaction;

  • Results oriented è Willing to roll-up-the-sleeves, work around barriers, and get the job done;

  • Exceptional attention to detail and good follow-up skills;

  • Must have organizational skills with an ability to prioritize and multi-task and keep to deadlines;

  • Solid communication skills è Ability to be effective both verbally and in writing;

  • Ability to track and document results accurately

 

For information regarding our benefit offerings, please visit our company website at www.ydnt.com  

Pay Range: $X - $X.

The pay range reflects the minimum and maximum target for the position at the time of posting. Within the range, the compensation will be determined based on education/training, skill set, experience, and other organizational needs.

Young Innovations, Inc. is an Equal Opportunity Employer and E-Verify participating employer.

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