Senior Cost Accountant

IMI•University Park, IL

2d•Hybrid

About The Position

At IMI, we’re not just creating solutions; we’re building careers. So, unlock your potential: do work that matters, grow with us, and be part of a team shaping tomorrow. Here, you can make a real difference – solving complex engineering challenges that make industries smarter, safer and more sustainable. From the energy that powers homes to the systems that keep the world moving, you’ll help create solutions the world depends on. But it’s not just about the work – it’s about how you grow. We encourage curiosity, make learning part of everyday life, and give you real opportunities to build new skills and move your career forward. We believe in nurturing your wellbeing, too, with strong benefits and flexible policies that help you succeed. At IMI, you’ll find a supportive, collaborative and inclusive environment where you can truly thrive. Role Overview : The Senior Cost Accountant will be an important development role within the Finance function. Reporting to the site Finance Director, the role will be central to the completion and reporting of financial and business reporting, developing ad-hoc analysis and performing financial analysis to drive improvement in performance. The role will require monitoring and application of cost accounting principals to ensure manufacturing activity remains well controlled, efficient and opportunities to improve are identified and communicated. Additionally, the role is central to the site’s FP&A analysis; delivering key reporting, identifying trends, challenging the business and supporting high quality forecasts.

Requirements

Bachelor’s degree in Accounting or related field, CPA or CMA is preferred.
5-8 + years in a Cost Accounting manufacturing environment.
Demonstrated financial acumen delivering forecasting, variance analysis and data interpretation of results.
Ability to problem solve and work with ambiguity to resolve issues.
Excellent business communication skills in English
Collaborative team player who will embrace IMI’s One Big Team ethos.

Nice To Haves

Previous experience of Oracle would be an advantage, but not essential.

Responsibilities

Analyzes actual manufacturing costs compared to standrd costs to ensure accuracy of standards and provide insight on any over/under absorption.
Be responsible for obsolete inventory reporting, analysis and management overrides.
Business partner with our Supply Chain team to understand current purchase price variances and trends to make necessary updates to standard costs. Additionally, work with Supply Chain to co-ordinate and control inventory counts; with the aim of removing our annual count and embedding a perpetual counting process.
Scrap Reporting - Partner with Quality Assurance (QA) to help identify, understand and reduce scrap.
Support the site Finance Director with regular FP&A reporting and analysis, identifying trends in performance to drive performance and improve future forecasts.
Provides management with reports specifying and comparing factors affecting prices and profitability of products or services.
Manages the execution of the annual cost roll and works collaboratively with various departments to maintain precise and reliable data.
Conducts thorough reviews of job variances and partners with cross-functional teams to determine root causes and drive improvements
Be able to identify a new business need and support development of the required information and reporting
Deputise for the site Finance Director as required.
Ad-hoc analysis and projects as required.

Benefits

Multiple health plans to choose from: HMO, PPO, and High Deductible Health Plans with a low-cost share
Best-in-class 401K plan with zero vesting and up to 6% contribution matching
14-week maternity leave at full pay (Adoption benefits are equivalent)
4-week paternity leave at full pay (Adoption benefits are equivalent)
Employee Resource Groups that offer community and support, like our Pride Network and Network of Women groups
PTO, encompassing inclusive holidays
Career Development opportunities (IMI’s ‘Catalyst’ Program)
Employer contribution for Health Savings Account, and in many cases free virtual telemedicine, and teletherapy.
Mental Health and wellness programs to support you and your family
Full suite of voluntary benefits to tap into, including but not limited to: Critical illness insurance, hospital indemnity, legal insurance, identity theft protection, and pet insurance or home & auto insurance through our discount advantage platform
Short & long-term disability as well as basic life insurance at 2x your basic salary at no cost to the employee
Free financial advisors, webinars, and classes through Charles Schwab
Annual Employee Stock Purchase Plan with option to purchase IMI shares at a reduced employee only price - no opportunity to lose, only to profit or refund your investment