Cost Accountant

AAR Corp•Wood Dale, IL

7d•Onsite

About The Position

The Cost Accountant has responsibility to account for the cost of products that flow through the business and reporting profitability of the business. Inventory is the key asset of the business, and the Cost Accountant seeks to establish functional excellence in inventory accounting and supporting the business efforts to earn desired returns on this investment. This position is based at our Corporate Headquarters in Wood Dale, IL, with a planned relocation to the Merchandise Mart (Chicago) in early 2027.

Requirements

Thorough knowledge and experience with various types of computer software including Microsoft Office products.
Strong mathematical and analytical abilities.
Bachelor of Arts degree (B.A.) or Bachelor of Science degree (B.S.) in accounting from four-year college or university.

Nice To Haves

Knowledge of IMOPS, Browser, and Lawson is a plus.

Responsibilities

Maintains the accuracy of the perpetual inventory system, the costs used, the reconciliation to the general ledger accounts and ensures proper recording of cost of sales.
Continuously improves the efficiency and effectiveness of accounting operations for inventory.
Provides reporting and analysis to support inventory, repair orders and the cost of sales.
Accurately accounts for the costs of inventory and repair orders at time of purchase, as carried in stock, and invoicing upon sale.
Meets reporting requirements for internal and external needs associated with inventories, including results of operations, age of the inventory, forecasts, reconciliations, and analyses.
Accountable for internal controls over assigned areas.
Accounts for assigned areas in accordance with AAR policies and generally accepted accounting principles (GAAP) recording appropriate journal entries.
Assists with the audits of the financial records and controls as they relate to Cost accounting.
Analyzes operating results and trends to make recommendations to control costs, safeguard assets, and improve profits.
All other duties as assigned.