What are the responsibilities and job description for the Accountant I - International & Cost Accounting position at Kreg Tool Company?
Join us at Kreg Tool!
Kreg Tool manufactures a wide variety of tools, accessories, and equipment for woodworkers and do-it-yourselfers. As an employee-owned company, we strive to provide our team members opportunities for personal growth and success and are committed to serving our surrounding communities. Guided by a unique purpose and values, Kreg is dedicated to providing high-quality products to our customers by working together in a motivated, team-based environment.
Headquartered in Ankeny, Iowa (just off I-35 north of Des Moines), we create products that are available throughout North America in the nation’s major home improvement stores, such as Lowe’s, Home Depot, and Menards. Kreg emphasizes the importance of a healthy work-life integration through its flexible schedule and competitive benefits package. Besides medical, vision, and dental benefits, we also offer a “dress for your day” dress code, onsite fitness center, annual bonus opportunity, and volunteer time off, as well as paid parental leave, and wellness reimbursement. Each employee is a valuable member of the Kreg Team, and we are always looking for our next employee-owner to begin building their career with Kreg.
Accountant I – International & Cost Accounting
Role Clarity
The Accountant I – International & Cost Accounting provides support for financial analysis and general accounting activities, including month-end close, cost tracking, and financial reporting for both domestic and international operations. This role works with teams such as Operations, Supply Chain, and Engineering to help gather and maintain accurate data, assist in reviewing cost variances, and support budgeting and forecasting efforts. The position partners with Accounting, Operations, and Financial Planning & Analysis (FP&A) teams by preparing and organizing information that helps drive analysis, ensuring teams have reliable data to support informed business decisions
So, What’s the Gig?
- Support general accounting and month‑end close activities, including journal entries, account reconciliations, and financial record maintenance for inventory, cost of goods sold, and manufacturing expenses.
- Assist in preparing internal financial reports and analyses while ensuring compliance with accounting policies, internal controls, and data integrity standards.
- Support cost accounting processes by maintaining standard costs, labor and overhead rates, and assisting with inventory accounting, reconciliations, and audits.
- Analyze and summarize cost variances (materials, labor, overhead), and collect product cost data to support cost models, margin analysis, and operational decision-making.
- Assist with scenario analysis and monitor operational changes (production, sourcing, materials) to evaluate cost and profitability impacts.
- Support accounting and financial activities for our international operation, Kreg Europe, including month‑end close, journal entries, intercompany transactions, and consolidation support.
- Prepare and analyze recurring financial reports for international operations, highlighting cost trends, variances, and key drivers.
- Assist with budgeting, forecasting, and monitoring operational impacts (e.g., supply chain, sourcing, logistics) on international cost structures and margins.
- Collaborate cross‑functionally with Operations, Supply Chain, Engineering, and Accounting teams to support data driven decision‑making and consistent financial reporting.
- Contribute to process improvements, documentation, and effective use of ERP and financial systems to enhance reporting accuracy and efficiency.
- Perform other duties as assigned.
What We’re Looking For:
- Bachelor’s degree in Accounting, Finance, or a related field required.
- 0–2 years of experience in accounting, finance, or manufacturing environments preferred.
- Coursework or internship exposure to cost accounting or manufacturing finance preferred.
- Experience with Microsoft Excel required; ERP experience preferred.
Other Skills and Abilities We’re Looking For:
- Basic understanding of general accounting and cost accounting concepts.
- Strong analytical skills with attention to detail.
- Ability to organize data and communicate findings clearly.
- Willingness to learn, ask questions, and receive feedback.
- Ability to manage multiple tasks and meet deadlines.
- Strong collaboration and interpersonal skills.
- High level of integrity and professionalism.