Senior Cost Accountant

Regal Rexnord • Radford, VA

21h • Hybrid

About The Position

The Senior Cost Accountant is responsible for leading and supporting plant-level cost accounting activities, including inventory valuation, cost analysis, overhead rate development, and audit support. This role provides oversight and guidance to a Junior Cost Accountant and serves as a key financial partner to Operations, Engineering, FP&A, and other cross-functional teams. This position may be filled at a level commensurate with the candidate’s experience, skills, and qualifications.

Requirements

• Strong knowledge of cost accounting principles, inventory valuation, and manufacturing accounting
• Experience developing labor, material, and overhead cost rates
• Ability to analyze and explain cost variances and inventory valuation impacts
• Strong analytical, organizational, and problem-solving skills
• Ability to work effectively with cross-functional manufacturing and finance teams
• Experience supporting internal and external audits
• Bachelor’s degree in Accounting or Finance
• Must be eligible to work in the United States without requiring company sponsorship to obtain or keep U.S. work authorization.

Nice To Haves

• 3–5 years of progressive accounting or cost accounting experience in a manufacturing environment
• CPA, CMA, or other relevant professional certification
• Experience with ERP systems (e.g., Oracle) and financial reporting tools (e.g., OneStream)
• Experience leading or mentoring junior accounting staff
• Must be a ‘U.S. Person’, which includes U.S. citizens, U.S. nationals, U.S. permanent residents, individuals granted asylum in the United States, and refugees in the United States, or who otherwise can qualify for a license that permits them to hold the position.

Responsibilities

• Review monthly journal entries and balance sheet account reconciliations related to inventory and cost accounts
• Perform excess and obsolete (E&O) inventory reporting and reserve analysis
• Lead physical inventory planning, execution, reconciliation, and follow-up reporting for internal and external audits
• Develop and maintain standard labor, material, fixed, and variable overhead rates
• Develop and maintain DOD, standard labor, and overhead rates
• Drive margin improvement and costing initiatives in partnership with Operations and Engineering
• Perform inventory capitalization analysis
• Support internal and external audit requests and reviews
• Provide guidance, oversight, and technical support to the Junior Cost Accountant
• Analyze bills of materials and routings to prepare new items for cost rollups
• Perform cost rollups and activate new items in the ERP system
• Prepare weekly and monthly inventory reporting by plant and product line
• Manage work orders, including weekly and monthly variance analysis
• Analyze and reconcile miscellaneous inventory, scrap, and pending inventory transactions
• Prepare monthly journal entries and inventory account reconciliations
• Plan and lead physical inventories and support the annual standard cost update
• Analyze make-versus-buy decisions and support operational cost optimization initiatives
• Utilize OneStream and ERP systems to retrieve, analyze, and report financial data
• Recommend and implement process improvements to enhance accuracy, controls, and reporting timeliness
• Support or lead special projects and cross-functional initiatives as required

Benefits

• Medical, Dental, Vision and Prescription Drug Coverage
• Spending accounts (HSA, Health Care FSA and Dependent Care FSA)
• Paid Time Off and Holidays
• 401k Retirement Plan with Matching Employer Contributions
• Life and Accidental Death & Dismemberment (AD&D) Insurance
• Paid Leaves
• Tuition Assistance

What This Job Offers

• Job Type: Full-time
• Career Level: Senior