Cost Accountant

Ingersoll Rand is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to age, ancestry, color, family or medical care leave, gender identity or expression, genetic information, marital status, medical condition, national origin, physical or mental disability, political affiliation, protected veteran status, race, religion, sex (including pregnancy), sexual orientation, or any other characteristic protected by applicable laws, regulations and ordinances.

Job Title: Cost Accountant

Location: Lincolnshire, IL (Hybrid)

About Us

Imagine a company with technology leadership of over 160 years, yet it operates with the energy of a startup. Ingersoll Rand has dedicated itself to Making Life Better for its employees, customers, shareholders, and planets. We produce innovative and mission-critical flow creation and life science technologies – from compressors to precision handling of liquids, gasses, and powers – to increase industrial productivity, efficiency, and sustainability. Supported by over 80 brands, our products are used in various end-markets including life sciences, food and beverage, clean energy, industrial manufacturing, infrastructure, and more. Across the globe, we’re driving growth with an entrepreneurial spirit and ownership mindset. Learn more at irco.com and join us to own your future.

Job Overview

Flexan, an Ingersoll Rand business, is seeking a Cost Accountant who brings both analytical horsepower and strong accounting fundamentals. This is a hands-on, high-impact role supporting manufacturing operations through cost and variance analysis, inventory and asset accounting, and month-end close activities. Beyond execution, you’ll play a key role in strengthening and improving core costing and reporting processes that help move the organization forward. This role is ideal for someone who enjoys rolling up their sleeves, asking the right questions, and turning complex manufacturing data into clear, actionable insight. The successful candidate is both a doer and a thinker—comfortable with ambiguity, energized by change, and motivated by converting data into decisions. Sitting at the intersection of accounting and financial analysis, this position includes exposure to budgeting, forecasting, and operational reporting tied directly to production. It’s a strong opportunity for a high-potential professional seeking meaningful ownership, visibility, and growth beyond routine accounting work.

If you thrive in manufacturing environments, enjoy ERP-driven systems, and want to expand your impact, this role offers a compelling blend of responsibility, learning, and influence.

Responsibilities

• Cost Analysis: Conduct analysis on product costs, manufacturing variances (material, labor, overhead, hours), inventory valuation, capital spending, and fixed asset management
• Reporting: Create and maintain daily, weekly, and monthly financial KPIs to aid in decision making
• Month End Close and Accounting: Prepare journal entries, accruals, and balance sheet reconciliations
• Internal Controls: Ensure compliance with company policy and procedures
• Standard Cost Management: Review, update, and maintain standard costs and assist senior management in maintaining a robust business costing system
• Budgeting and Forecasting: Support the development of the annual budget, quarterly forecasts, and monthly outlooks, focused on cost optimization and profitability improvements
• System and Process Improvements: Support improvements to ERP configurations and drive efforts to streamline processes, standardize reporting, and implement dashboards
  
  

Requirements

• Bachelor's degree
• 3 years of direct cost accounting experience in a manufacturing environment
• 3 years of experience performing product cost analysis and manufacturing variance analysis (material, labor, overhead, and hours).
• 3 years of ERP accounting module experience, such as JDE, Oracle, SAP
  
  

Core Competencies

• Solid understanding of U.S. GAAP
• Analytical Thinking: Ability to interpret complex financial data and derive actionable insights.
• Problem-Solving: Proactively identifies issues and implements effective solutions.
• Collaboration: Strong interpersonal skills to support cross-departmental initiatives.
• Communication: Clear and concise written and verbal communication skills.
• Time Management: Ability to prioritize and manage multiple projects efficiently.
• Manufacturing: Experience with ERP systems and manufacturing operations concepts/reporting
  
  

Preferences

• Degree concentration: Accounting or Finance
• Professional certification in accounting (e.g., CPA, CMA)
• Experience in inventory valuation, capital spending, and fixed asset management.
• IQMS software experiene
  
  

Travel & Work Arrangements

• Lincolnshire, IL or Chicago, IL
• Hybrid Schedule: 3 in office, 2 work from home
  
  

Pay Range: The pay range for this role is $75,000-$105,000. The pay range considers a wide range of factors that include a candidate’s skills; experience and training; licensure and certifications; and geographic location.

What We Offer

At Ingersoll Rand, we embrace a culture of personal ownership — taking responsibility for our company, our communities, and our environment, as well as our individual health and well-being. Our comprehensive benefits package is designed to empower you with the tools and support necessary to take charge of your health, ensuring that together, we can continue to make life better. Our range of benefits includes health care options like medical and prescription plans, dental and vision coverage, as well as wellness programs. Additionally, we provide life insurance, a robust 401(k) plan, paid time off, and even an employee stock grant, among other offerings. These benefits are our commitment to you, so you can be your best at work and beyond.

Ingersoll Rand Inc. (NYSE:IR), driven by an entrepreneurial spirit and ownership mindset, is dedicated to helping make life better for our employees, customers and communities. Customers lean on us for our technology-driven excellence in mission-critical flow creation and industrial solutions across 40 respected brands where our products and services excel in the most complex and harsh conditions. Our employees develop customers for life through their daily commitment to expertise, productivity and efficiency. For more information, visit www.IRCO.com.