Creative Financial Staffing | Cost Accountant IL | downers grove, il at Creative Financial Staffing

About the Company:
Our client is a rapidly growing manufacturing organization who are looking to add a Cost Accountant to their team. The company has enjoyed incredible success in the last few years' and are seeking a candidate with a similar background to join their team as they continue their expansion.

Reasons to Work Here:

• Strong medical / dental / vision
• 401k match
• Bonus
• Strong growth as a business - projecting to double in size over the next few years'
• Some exciting and well-known clients
• Tuition reimbursement
• Insurances
• A strong training program.
• $60,000 - $80,000 salary
• The role is office based

Job Summary: We are looking for a Cost Analyst to join our Finance department. Main responsibilities are performing, inventory, job cost, and profitability analyses.

As a Cost Analyst, you will collaborate with the financial staff to provide accurate and timely financial information to management. You will also assist in developing and implementing cost-effective solutions to improve the profitability and efficiency of our company.

To be successful in this role, you should have a Bachelor's degree in Accounting or Finance and at least 2-5 years of experience in a cost analyst, financial analyst, or accountant role. You should also have excellent analytical skills, attention to detail, and knowledge of accounting software and principles.

ESSENTIAL JOB FUNCTIONS:

• Collect and analyse data on operational costs and revenues.
• Prepare and maintain cost accounting records and reports.
• Review and verify the accuracy of Raw Material, WIP, and Finished Goods.
• Project analysis including EAC review, WIP Reserves, NRV Loss, Margin Analysis, Cost Analysis and Cost Exception review.
• Oversee Cycle Counts and collaborate with Inventory Control / Operations.
• Posting and review of customer invoicing.
• Prepare, review, and analyze the quarterly inventory E&O process and liaison with Operations.
• Perform profit and cost variance analysis and identify the causes of discrepancies.
• Assist in month-end and year-end closing and auditing processes.
• Assist in the month-end close process including report generation, review and analysis, journal entries and reconciliations.
• Recommend and implement cost-saving measures, KPIs, and process improvements.

• Monitor and enhance internal controls, policies, and procedures.
• Other related duties and special projects as determined by management.

QUALIFICATION REQUIREMENTS:

• Bachelor's degree in Accounting, Finance, or a related field.
• 2-5 years of experience in cost analyst or similar role.
• Knowledge of Generally Accepted Accounting Principles (GAAP) and cost accounting standards.
• Certified Public Accountant (CPA) or Certified Management Accountant (CMA) certification is a plus.
• Knowledge of Government cost accounting standards (CAS) and/or IFRS, a plus.
• Proficient in accounting software. Experience using Microsoft Dynamics D365 a plus.
• Advanced skills in Microsoft Excel, especially in using formulas, functions, and pivot tables. Cognos and Power BI experience a plus.
• Excellent analytical, problem-solving, and communication skills.
• Ability to work independently and as part of a team.