Cost Accountant

About the position

The Cost Accountant is responsible for accurately inputting, analyzing, and monitoring product costs and manufacturing variances to support efficient financial management and decision-making. This position plays a critical role in maintaining and processing data related to cost accounting functions for the West Haven, CT location. Key responsibilities include managing and ensuring the accuracy of Bills of Materials (BOM), Product Routings, Raw Material and Purchased Item Standards, Manufacturing Variances (Material, Labor, Overhead), Standard Cost Updates and Cost Revaluations. The role requires attention to detail, timely data maintenance, and proactive monitoring to drive operational efficiency and cost control within the organization.

Responsibilities

• Recommend and implement corrective actions for any variances or discrepancies associated with the manufacturing processes.
• Define, maintain, and report inventory transactions for off-site and non-traditional manufacturing locations and processes.
• Research and resolve any reporting related differences as a result of ongoing reviews of costs and inventory related general ledger account balances.
• Periodic journal entries - for example, GL to Perpetual Inventory reconciliations, product line reporting, absorption analysis, unique process reconciliations and adjustments, etc.
• Monitor, review, and research (where necessary), fields with impacts to Precious Metal Position Reporting.
• Monitor and communicate inventory related points of interest to the management team (aging inventory, expired, shelf life issues, uncharacteristic aspects, etc).
• Interact with the business and sites to coordinate scheduling and oversight of physical inventories.
• Estimate, project and communicate proposed standard cost set up and valuation for potential new items, as well as those requested for review by Sales and/or Marketing.
• Interact with Sales and business leaders regarding Inter-Company Pricing policy, processing, calculations and evaluations.
• Monitor various systems and respond accordingly to address the needs of the business (for example: JDE, Lotus Notes, Sharepoint, etc).
• Product Line Reporting and Analysis - profitability by product line, trends over time, comparisons to budgeted / forecasted values, flux analysis, etc.
• Coordinate fixed asset audits, reviews, and tagging with Engineering and Site leaders.
• Coordinate physical inventory counts, audits, reviews, and tagging with site leaders.
• Monitor Construction In Progress spending on approved projects, as well as assistance with budgeted / forecasted project spend maintenance in Lotus Notes.
• Support Supply Chain with Monthly KPI template reporting.
• Other duties, responsibilities, and projects as assigned.

Requirements

• Bachelor's degree from four-year college or university (preferably in an Accounting/Finance curriculum).
• 3 to 5 years related experience and/or training; or equivalent combination of education and experience.
• Able to travel up to 10% of time both domestically and internationally.
• Bilingual in English and Spanish a plus but not necessary.
• Experience with Oracle products such as JD Edwards, Hyperion Enterprise, Hyperion Financial Management, etc. is desirable. Knowledge of SAP a plus.
• Cost center budgeting/forecasting experience is desirable.

Nice-to-haves

• Strong Excel and analytical skills.
• Ability to work in a high paced and multi-task environment.
• High ethical standards and ability to maintain confidentiality.
• Well-organized and detail oriented.
• Ability to interact professionally with internal customers at off-site ESI Family divisions.
• Self-motivated and able to work with minimal supervision.

Benefits

• Opportunities for career growth.
• Competitive compensation (competitive base salary and performance related bonus plan).
• Benefits packages (health, dental, and vision insurance, Wellness Program, PTO/Holidays, as well as a 401(k)-retirement plan with a company match).
• Innovated work environment where you will be a part of a dynamic and collaborative team.
• Perks and Incentives such as paid parental leave, tuition reimbursement, and opportunities for professional development.