What are the responsibilities and job description for the Cost Accountant position at GM Performance Power Units?
GM Performance Power Units – Concord, NC
Cost Accountant – Inventory Control
Department: Finance
Job Summary
The Inventory Cost Accountant is responsible for accurately tracking, valuing and reporting inventory and cost of goods sold (COGS), ensuring compliance with accounting standards (e.g. GAAP and FIA reporting) and supporting the financial close process. This role works closely with operations, supply chain, purchasing and manufacturing teams to monitor inventory movements, analyze variances and maintain cost integrity.
Key Responsibilities
You’ll play a pivotal role in ensuring the reliability and performance of a next-generation Formula 1 power unit. Our culture rewards precision, innovation, and the relentless pursuit of performance.
Please note: GM Performance Power Units and all affiliated companies are Equal Opportunity employer(s). Minorities, women, veterans, and individuals with disabilities are encouraged to apply. For more information regarding the EEOC, please visit https://www.eeoc.gov/employers/upload/poster_screen_reader_optimized.pdf.
Only direct hires need apply to or inquire about job postings at GM Performance Power Units. We are not accepting calls, resumes or applications from recruiting firms at this time.
Cost Accountant – Inventory Control
Department: Finance
Job Summary
The Inventory Cost Accountant is responsible for accurately tracking, valuing and reporting inventory and cost of goods sold (COGS), ensuring compliance with accounting standards (e.g. GAAP and FIA reporting) and supporting the financial close process. This role works closely with operations, supply chain, purchasing and manufacturing teams to monitor inventory movements, analyze variances and maintain cost integrity.
Key Responsibilities
- Oversee inventory accounting including raw materials, work‑in‑progress (WIP), and finished goods. Ensure inventory is accurately valued and recorded.
- Perform periodic reconciliations of inventory subledgers and the general ledger; reconcile physical counts to book balances.
- Support and execute month‑end, quarter‑end and year‑end closing activities related to inventory and cost of goods sold, including journal entries, accruals, cost transfers.
- Maintain and update standard costs, overhead rates, labor, and other cost components; monitor & analyze cost variances (standard vs. actual) and provide explanations to management
- Identify and review slow‑moving, obsolete, or excess inventory; coordinate with relevant teams to manage inventory reserves and write‑downs as necessary
- Assist in or lead physical inventory counts and/or cycle count programs. Investigate discrepancies and ensure timely adjustments are made.
- Ensure inventory-related transactions (receipts, transfers, adjustments, returns) are properly documented, accounted for and comply with internal control policies.
- Produce regular inventory and cost reports for management, finance and operations; analyze and communicate trends, risks, and opportunities.
- Participate in audit activities (internal & external), including preparation of schedules related to inventory and cost of goods sold.
- Support continuous improvement of cost and inventory accounting processes, systems, and tools; help implement best practices.
- Bachelor’s degree in Accounting, Finance, or related field. CPA, CMA or equivalent preferred.
- Typically 5‑7 years of experience in inventory cost accounting, manufacturing accounting, or cost accounting roles.
- Strong understanding of cost accounting methodologies: standard costing, FIFO / LIFO / weighted average, overhead allocation, labor & material variances.
- Deep proficiency with accounting software / ERP systems (e.g. NetSuite, Oracle, SAP, IFS) and strong Microsoft Excel skills.
- Ability to analyze financial & operational data, identify root causes of variances and communicate findings effectively to stakeholders across departments.
- Strong attention to detail, organizational skills, ability to meet deadlines and high integrity.
- Experience in manufacturing with complex inventory structures.
- Prior involvement in process improvement (LEAN, Six Sigma, or continuous cost improvement).
- Experience with audit (internal or external) and SOX or compliance‑oriented environments.
- Familiarity with business intelligence / reporting tools (e.g. Power BI, Tableau) for inventory/cost analysis.
- Familiarity with FIA regulations.
You’ll play a pivotal role in ensuring the reliability and performance of a next-generation Formula 1 power unit. Our culture rewards precision, innovation, and the relentless pursuit of performance.
Please note: GM Performance Power Units and all affiliated companies are Equal Opportunity employer(s). Minorities, women, veterans, and individuals with disabilities are encouraged to apply. For more information regarding the EEOC, please visit https://www.eeoc.gov/employers/upload/poster_screen_reader_optimized.pdf.
Only direct hires need apply to or inquire about job postings at GM Performance Power Units. We are not accepting calls, resumes or applications from recruiting firms at this time.