Cost Accountant

2 weeks ago

Colchester Vermont, United States Gallagher, Flynn & Company Full time
About the Role

The Cost Accountant will play a key role in analyzing and reporting on costs, margins, and inventory data to support strategic decision-making. This position is responsible for overseeing all aspects of cost accounting and inventory management within the organization's manufacturing operations, for both government contracts under FAR standards and standard fixed-price contracts under standard accounting practices.

Key Responsibilities
  • Analyze and report on product costs, including materials, labor, and overhead, ensuring accuracy and compliance with relevant contract specifications and accounting standards.
  • Monitor and report on variances between standard costs and actual costs for all types of contracts, identifying and addressing discrepancies as needed.
  • Assist in the development and maintenance of standard cost systems for inventory valuation and product costing, aligning with contract requirements and accounting best practices.
  • Collaborate with cross-functional teams to ensure accurate cost allocations and accounting treatments for various contract types and business operations.
  • Coordinate and conduct physical inventory counts and cycle counts to ensure accurate inventory records across all contract types and business units.
  • Investigate and resolve discrepancies in inventory counts, proposing adjustments as necessary to maintain integrity of financial reporting.
  • Review and update average costs in the bill of materials and inventory registry to reflect current pricing and cost trends for all contracts and product lines.
  • Analyze inventory aging and assess provision calculations for accuracy, adjusting as needed to reflect business realities and contract obligations.
  • Work with relevant stakeholders to identify and dispose of obsolete inventory in accordance with contractual requirements and accounting principles.
Requirements
  • Bachelor's degree in Accounting, Finance, Business Administration, or related field.
  • Proficiency in Microsoft Excel, PowerPoint, and other productivity software.
  • Strong analytical skills and attention to detail, with the ability to interpret and communicate complex financial information effectively.
  • Previous experience in cost accounting, manufacturing operations, or related fields, with exposure to government contracts, fixed-price contracts, and standard accounting practices preferred.
  • Familiarity with ERP systems and inventory management software, with the ability to adapt to different platforms and reporting requirements.
  • Ability to work independently and collaboratively in a fast-paced, dynamic environment, prioritizing tasks and meeting deadlines with minimal supervision.
  • Strong interpersonal skills and a commitment to building positive relationships with colleagues and stakeholders at all levels of the organization.
What We Offer

Gallagher, Flynn & Company is committed to providing a comprehensive benefits package, including medical plans, health savings account, dental insurance, vision insurance, flexible spending accounts, short and long-term disability coverage, life and AD&D insurance, travel insurance, and a 401(k) program with employer matching funds.

We also offer education reimbursement, wellness reimbursement, and a profit-sharing plan. Our company culture values employee well-being and offers a range of benefits to support your physical and mental health, including a free gym membership and access to employee assistance programs.

We are an equal opportunity employer and welcome applications from diverse candidates. If you are a motivated and detail-oriented individual with a passion for cost accounting and inventory management, we encourage you to apply for this exciting opportunity.

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