Cost Accountant

CDI PRODUCTS LLC • Humble, TX

19d • Onsite

About The Position

This role is responsible for maintaining accurate product costing, inventory valuation, and manufacturing cost analysis to support financial reporting and operational decision-making. This position works closely with Accounting, Operations, Supply Chain, and other functional teams to ensure manufacturing costs are accurately recorded, analyzed, and reported. The Cost Accountant will play a key role in month-end close, inventory accounting, standard cost maintenance, variance analysis, and continuous improvement of cost accounting processes and internal controls.

Requirements

• 5+ years of cost accounting experience, preferably in a manufacturing or distribution environment
• Experience working with ERP systems required; Oracle experience is preferred.
• Advanced Microsoft Excel skills, including pivot tables, lookups, and financial data analysis.
• Strong analytical and problem-solving skills with the ability to identify and investigate financial variances.
• Strong attention to detail and organizational skills.
• Ability to manage multiple priorities and meet deadlines.
• Ability to collaborate effectively with Accounting, Operations, Supply Chain, Engineering, and other departments.
• Ability to understand manufacturing processes and translate operational activity into financial results.
• Strong communication skills for internal and external interactions.

Nice To Haves

• Bachelor’s degree in Accounting, Finance, or related field.
• Experience in working in a manufacturing environment.

Responsibilities

• Maintain and analyze standard costs for materials, labor, and manufacturing overhead.
• Review and work with engineering to update product costs, bills of material (BOMs), routings, labor rates, and overhead rates as appropriate.
• Analyze actual manufacturing costs compared to standard costs and investigate significant variances.
• Prepare and analyze purchase price, material usage, labor, overhead, and manufacturing variances.
• Partner with Operations and Supply Chain to identify the drivers of unfavorable cost variances and opportunities for improvement.
• Complete annual standard cost updates, Work center rates, and periodic cost roll processes.
• Review new and existing product costing to ensure costs are complete, reasonable, and properly supported.
• Provide cost and margin analysis to support management decision-making.
• Maintain accurate inventory valuation in accordance with company accounting policies and applicable accounting standards.
• Reconcile inventory-related general ledger accounts to supporting subledgers and reports.
• Review inventory transactions for accuracy and investigate unusual or incorrect activity.
• Monitor inventory adjustments, scrap, cycle count variances, and other inventory movements.
• Support physical inventories and cycle count programs, including reconciliation and investigation of variances.
• Assist with analysis of excess, obsolete, and slow-moving inventory and calculation of related reserves.
• Review inventory ageing and trends and communicate potential financial risks to management.
• Prepare and post monthly journal entries related to inventory, cost of goods sold, manufacturing variances, accruals, and other cost accounting activities.
• Prepare monthly balance sheet reconciliations for assigned accounts.
• Complete month-end cost accounting activities in accordance with the established close calendar.
• Analyze monthly cost of goods sold and gross margin results and explain significant fluctuations.
• Prepare supporting schedules and analysis for monthly financial reporting.
• Assist with forecasting and budgeting for manufacturing costs, inventory, and cost of goods sold.
• Provide financial analysis and reporting to management as requested.
• Maintain appropriate internal controls over inventory and cost accounting processes.
• Ensure cost accounting activities comply with established company policies, procedures, and approval requirements.
• Maintain supporting documentation for journal entries, reconciliations, costing changes, and inventory adjustments.
• Support internal and external audits by preparing schedules, documentation, and explanations related to inventory and cost accounting.
• Identify control gaps and recommend improvements to strengthen financial processes and data integrity.
• Assist in documenting and maintaining internal controls and procedures.
• Identify process improvement opportunities within accounting operations.
• Perform other accounting and finance duties as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree