What are the responsibilities and job description for the Cost Accountant position at TelAdvisor Group?
Description
The Cost Accountant is responsible for analyzing and reporting on manufacturing costs, inventory valuation, and cost variances to ensure accurate financial reporting and informed decision-making. This role supports U.S. operations by maintaining standard costs, participating in month-end close, and collaborating with operations, supply chain, and finance to improve profitability and cost efficiency across multiple manufacturing sites.
Essential Duties & Responsibilities
Race Winning Brands provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristics protected by federal, state, or local laws.
The Cost Accountant is responsible for analyzing and reporting on manufacturing costs, inventory valuation, and cost variances to ensure accurate financial reporting and informed decision-making. This role supports U.S. operations by maintaining standard costs, participating in month-end close, and collaborating with operations, supply chain, and finance to improve profitability and cost efficiency across multiple manufacturing sites.
Essential Duties & Responsibilities
- Maintain and update standard cost structures for materials, labor, and overhead.
- Analyze and report on purchase price variances, labor variances, and manufacturing overhead variances.
- Support product costing, cost rollups, and bill of material validations.
- Prepare and analyze cost of goods sold (COGS) reports and gross margin analysis.
- Review actual vs. standard costs and report significant variances.
- Support annual standard cost roll processes and year-end inventory valuation updates.
- Reconcile inventory between subledger and general ledger.
- Monitor and analyze inventory movements, scrap, and obsolescence.
- Assist in establishing and maintaining inventory reserve policies and calculations.
- Support cycle counts and annual physical inventory, including variance analysis.
- Participate in month-end close by preparing cost-related journal entries and accruals.
- Prepare detailed inventory and COGS schedules for financial reporting.
- Support internal and external audits with relevant cost documentation.
- Ensure compliance with US GAAP and internal controls related to inventory and costing.
- Work with manufacturing and operations to analyze production costs and improve profitability.
- Provide financial insights and modeling for pricing decisions, make/buy analysis, and capex evaluations.
- Partner with operations teams to track cost reduction initiatives and measure impact.
- Support ERP system improvements and automation of cost accounting processes.
- Education: Bachelor’s degree in Accounting, Finance, or related field (required).
- Experience: 3–5 years of relevant experience in cost accounting, preferably in a manufacturing environment.
- Computer Skills: Experience with standard cost systems, ERP systems (such as Dynamics 365, SAP, or NetSuite), and Excel-based analysis tools.
- Mathematical Abilities: Strong understanding of US GAAP, inventory accounting, and variance analysis.
- Communication Skills: Excellent verbal and written communication skills, with the ability to work effectively across departments.
- Other Skills: Ability to multi-task, meet deadlines, and take ownership of projects. Strong attention to detail and team player attitude.
- Eligible for Medical, Dental, Vision Insurance as of Day One
- Employer Paid Life and Disability Insurance
- HSA with Employer Contributions
- 401(K) Retirement Plan with Company Match
- Employee Wellness and Assistance Programs
- Paid Maternity/Paternity Leave
- Paid Time Off
- 13 Paid Company Holidays
Race Winning Brands provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristics protected by federal, state, or local laws.