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Sr Cost Accountant

3 months ago

Bolingbrook, United States G&W Electric Co Full time
Job DescriptionJob Description

Innovating since 1905, G&W Electric has grown into a global leader in engineered electrical power grid solutions. Working with us means joining a worldwide team of passionate manufacturing professionals striving to continually improve the technologies the world depends on to deliver safe, reliable electricity. Our culture is focused on employee success, so we foster an entrepreneurial environment that encourages everyone to thrive.

Sr Cost Accountant

Position Summary: Responsible for developing and providing cost-related data in support of business decisions. Analyzes material, labor, or other expenses to determine production costs, cost of sales, or other cost-related performance measures.

The Cost Accountant will provide relevant financial support to the Bolingbrook, IL facility through daily cost analysis, monthly reporting, and forecast/budget preparation. This individual will possess a solid understanding of financial and cost accounting systems and will provide relevant data and analysis, in order for plant and Corporate management to make more informed business decisions.

Primary/Essential Responsibilities:

  • Develops and provides cost-related data in support of business decisions.

  • Completes analysis of operational performance and budget/forecast variances to strengthen cost controls, reduce costs, and increase efficiencies as appropriate

  • Compile, analyze, and summarize manufacturing cost data for finished goods, components, and raw materials; including understanding work order variances, and inventory and cost adjustments

  • Calculate, maintain, and validate annual material, labor and overhead standard costs

  • Working knowledge of bills of material, manufacturing routings, and absorption accounting

  • Review actual monthly results with plant management and explain variances related to monthly work order production and purchase price variance

  • Perform and maintain monthly inventory reconciliations

  • Participate in team related projects involving cost control/waste elimination/lean manufacturing principles

  • Assist with the monthly financial close process, ensuring accurate financial statements

  • Assist the Finance and Operations departments with additional projects as needed

  • Support year-end annual financial audit

  • Management of BBK plant cycle count program, including managing daily, as well as ad-hoc counts, with manufacturing and warehouse personnel, investigating root causes of variances, implementing corrective actions, and improving overall program accuracy percentage. Assist other entities as needed.

  • Ownership of all BBK plant inventory related metrics, including inventory days on-hand, obsolete and slow-moving inventory, inventory valuation trends, weekly inventory changes, negative inventory, scrap, and all Operational Excellence initiatives

  • Manages, assigns, and audits the work of inventory analyst, including providing semi-annual and annual performance reviews, evaluating performance against job requirements and established annual goals

Required Qualifications:

  • Bachelor's degree in Accounting or Finance

  • 5 + years direct progressive cost accounting experience which includes at least 3 in a manufacturing environment utilizing standard costs

  • Experience in Customer / Product Line profitability

  • Experience in “Make / Buy Analysis’, “ROI analysis” or “Break Even Analysis”

  • Experience with JD Edwards or other major ERP business system

  • Advanced knowledge of Excel and exposure to working with large amounts of data

  • Demonstrated presentation skills

Physical Demands / Working Conditions:

  • General Office Environment, PC use

  • Light Lifting (occasional 25 lbs or less)

  • Stooping

Why join us? G&W enjoys a long reputation for product quality, innovation and world-class customer service to the power industry. We have established this reputation by believing that our greatest asset is our employees. We owe our success to the initiative and talents of highly skilled individuals within our team-based organization. Our goal is to set the standard for customer satisfaction by ensuring a superior level of service, performance and innovation. As a global organization and industry leader, we are committed to cultivating an engaging work environment that embraces our core values and develops our talent. Our continuous focus on growth and innovation means that you become part of a company that provides challenging opportunities, rewards excellence and combines your individual expertise to achieve a higher level of shared success. As part of our organization, you also help power the world

G&W Electric is proud to be an Equal Opportunity Employer. All employees and applicants will receive consideration for employment without regard to age, color, disability, gender, national origin, race, religion, sexual orientation, gender identity, protected veteran status, or any other classification protected by federal, state, or local law. G&W Electric participates in the E-Verify process for all new hires.

*G&W Electric participates in the E-Verify process for all new hires.

VEVRAA Federal Contractor