Cost Accountant

Company: Bonnell Industries

Bonnell Industries is seeking an experienced and analytical Cost Accountant to join our team. In this role, you will be the driving force behind our product-cost visibility, providing accurate, timely, and actionable financial data across our manufacturing operations.

You will work cross-functionally with Finance, Manufacturing, Engineering, Purchasing, Inventory Control, Sales, and Executive Leadership to ensure product costs and margins are accurate, manufacturing variances are understood, and cost-saving opportunities are actively identified. If you have a strong background in standard costing, inventory accounting, and manufacturing variance analysis, we want to hear from you.

To provide Bonnell Industries with accurate, timely, and actionable manufacturing-cost information that directly drives product profitability, inventory accuracy, pricing strategies, operational efficiency, and precise financial reporting.

• Calculate and maintain accurate product costs for manufactured parts, assemblies, finished equipment, service parts, and custom products.
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• Analyze product margins by product line, customer, job, order, and business segment.
• Review actual manufacturing costs against standard costs and quoted expectations, identifying underperforming areas.
• Validate cost assumptions used in new-product development, custom-engineered products, and major customer quotations.
• Partner with Engineering and Manufacturing to review Bills of Material (BOMs) and production routings, ensuring costs reflect current manufacturing requirements and process changes.

• Analyze direct labor, direct material, manufacturing overhead, outside processing, and subcontracting costs.
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• Evaluate material usage, scrap, rework, substitutions, purchase-price changes, and overall material yield.
• Develop, maintain, and refine manufacturing overhead rates and allocation methodologies.
• Analyze the financial impact of production volume, labor utilization, equipment usage, overtime, and downtime.
• Collaborate with operational leaders to recommend improvements in labor reporting, material consumption tracking, and overhead allocation.

• Establish, maintain, and regularly update Bonnell’s standard costing system.
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• Coordinate periodic and annual standard-cost rollups for materials, labor, overhead, subcontracting, and outside processing.
• Review standard-cost changes, maintain supporting documentation, and clearly communicate financial impacts to leadership.
• Review newly created part numbers and manufactured items to confirm accurate standards are established prior to production or shipment.

• Monitor and reconcile raw material, Work-In-Process (WIP), finished goods, service parts, and other inventory categories.
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• Ensure all inventory is accurately valued in accordance with Generally Accepted Accounting Principles (GAAP) and company policies.
• Reconcile inventory subledgers to the general ledger and investigate discrepancies, negative inventory, or unusual transactions.
• Support cycle-counting programs, annual physical inventories, and reconciliation activities.
• Analyze slow-moving, excess, obsolete, and damaged inventory to recommend appropriate reserves and adjustments.
• Investigate WIP balances and work orders that remain open beyond normal production timeframes.

• Experience: Proven accounting experience within a manufacturing or industrial environment.
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• Technical Expertise: Strong working knowledge of standard costing systems, inventory valuation, BOMs, labor routings, and overhead allocation methodologies.
• Analytical Skills: Exceptional ability to conduct complex manufacturing variance analyses and translate data into actionable business insights.
• Collaboration: A proactive communicator who thrives working alongside engineering, plant floor operations, and executive leadership.
• Compliance: Thorough understanding of GAAP as it applies to inventory accounting and cost control.