Cost Accountant

3 hours ago


Hebron, Maine, United States Vaco Full time
Senior Cost Accountant Job Description

Vaco is seeking an experienced Senior Cost Accountant to join our team. As a Senior Cost Accountant, you will be responsible for managing and optimizing our cost accounting processes, ensuring accurate cost analysis, and supporting decision-making to enhance the company's financial performance.

Key Responsibilities:
  • Develop, implement, and maintain cost accounting systems and procedures to accurately reflect manufacturing costs.
  • Analyze production costs, identify cost-saving opportunities, and recommend improvements to enhance profitability.
  • Conduct regular reviews of standard and actual costs, investigating variances and reporting findings.
  • Oversee inventory valuation, ensuring accurate costing of raw materials, work-in-progress, and finished goods.
  • Coordinate with the production team to monitor and manage inventory levels, reduce waste, and optimize stock usage.
  • Prepare detailed cost analysis reports, including cost of goods sold (COGS), product margins, and manufacturing variances.
  • Collaborate with the finance team to support budgeting and forecasting activities.
  • Assist in month-end and year-end closing processes, ensuring accurate financial reporting.
  • Utilize Microsoft D365 for accurate recording and tracking of manufacturing costs.
  • Collaborate with IT and finance teams to optimize D365 functionalities related to cost accounting.
  • Provide training and support to other team members on D365 cost accounting modules.
  • Ensure compliance with company policies, accounting standards, and regulatory requirements.
  • Support internal and external audits by providing necessary documentation and explanations.

Requirements:

  • Bachelor's degree in Accounting, Finance, or a related field. CPA or CMA certification is a plus.
  • Minimum of 5 years of experience in cost accounting within a manufacturing environment.
  • Proficiency in Microsoft Dynamics 365 ERP software, particularly in cost accounting and financial modules.
  • Advanced skills in Microsoft Excel and other financial analysis tools.
  • Strong understanding of cost accounting principles, including standard costing, variance analysis, and overhead allocation.
  • Familiarity with Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).

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