Sr. Cost Accountant

Dynamic Manufacturing•Hillside, IL

8d•$96,000 - $125,000

About The Position

Dynamic Manufacturing is seeking a self-motivated Senior Cost Accountant with a strong manufacturing cost-accounting background, analytical and critical-thinking skills, and the ability to collaborate across functions. The role focuses on driving the accurate implementation and maintenance of standard costs across the business and provides cross-functional exposure. The Senior Cost Accountant leads and develops the cost-accounting function and product-costing methodologies, analyzes inventory and costs, supports budgeting and forecasting, and oversees production-costing and inventory activities during month-end close. The role partners with operations to understand manufacturing processes, improve cost performance, and support efficiency and cost-reduction goals. It also ensures financial reporting complies with GAAP. Dynamic Manufacturing is a family-owned and operated manufacturer founded in 1955. It makes automotive, off-road, industrial, and racing powertrain products, including torque converters, transmissions, and transfer case assemblies. The organization has nearly one million square feet of operations and more than 1,000 employees.

Requirements

Bachelor’s degree in accounting, finance, engineering, analytics, or a related field.
5–7 years of cost-accounting experience in a manufacturing environment, with a strong understanding of manufacturing processes, inventory, and cost methodology.
Experience developing and implementing standard costs.
Strong analytical, conceptual, and critical-thinking skills.
Ability to collaborate and communicate with operators at all organizational levels and build relationships.
In-depth understanding of profit and loss and standard financial statements.
Experience developing labor and overhead standards.
Meticulous attention to detail and strong organizational skills.
Ability to create and analyze data to support business decisions.
Ability to work independently and as part of a team.
Excellent report-writing and communication skills.
High proficiency in Microsoft Excel.
Proficiency in ERP systems, including navigating subledger activity, reports, and queries.
Self-motivated, proactive, and demonstrates a strong work ethic.

Responsibilities

Lead the cost-accounting function by developing, refining, and documenting processes in collaboration with the Operational Accounting team.
Develop and own product-costing methodologies, including labor and overhead rates, and ensure they are applied correctly and consistently.
Analyze inventory movement and valuation and provide information and recommendations about the financial impacts of inventory changes.
Identify opportunities to streamline cost-accounting processes and improve the efficiency, accuracy, and timeliness of financial reporting.
Support budgeting and forecasting by providing cost data and validating its accuracy.
Build estimates of new and proposed product costs and integrate them with the product-pricing estimating process.
Oversee month-end close activities related to production costing and inventory, including reviewing journal entries and focusing on balance-sheet reconciliations.
Support operations personnel in efforts to increase efficiency and reduce costs.
Collaborate with operations personnel to understand and translate manufacturing flow into accounting processes, serving as a liaison between finance and operations to achieve strong cost performance.
Analyze cost transactions and recommend cost savings.
Comply with GAAP in preparing financial statements.
Perform other duties as requested.