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Description We are seeking a Sr. Cost Accountant to join our team in the scientific instrument manufacturing industry in Stillwater, Minnesota, United States. In this role, you will be responsible for overseeing the company's cost accounting system, ensuring the accuracy of inventory values and costs of sales, and providing assistance to operations personnel to enhance their understanding of product costs.

Responsibilities:

• Oversee the company's cost accounting system to maintain the accuracy of inventory values and costs of sales.

• Conduct cost revaluations as per company policy.

• Develop procedures to ensure new products are correctly recorded in the inventory system and maintain reporting attributes for existing products.

• Analyze manufacturing variances monthly and initiate or recommend changes in bill of materials and/or routings.

• Work on enhancing systems to increase efficiency, such as the use of statistical process for physical inventories and cycle counting of inventory.

• Develop and maintain a monthly capitalized variance methodology, documentation, and calculation.

• Collaborate with inventory personnel in performing cycle counts and periodic physical inventories, analyze data, chart results, and communicate results to the relevant parties.

• Assist inventory personnel with proper accounting on manual movement types in SAP.

• Conduct an annual analysis of standard costing, generating new standard costs in alignment with the annual calendar year budget and forecasts.

• Communicate month and year-end production results and make recommendations to relevant personnel.

• Support the year-end external auditor in relation to production results and inventory values.

• Analyze and review the level of obsolescence to ensure the financial statements reflect the proper net realizable value of inventory.

• Establish an obsolescence reserve methodology based on company policy in accordance with IFRS.

• Provide training and assistance to operations personnel to enhance their understanding of all components of product costs and their understanding of the cost center reporting.

• Analyze current trends and project future production results to identify and anticipate opportunities and issues, communicate these findings, and make recommendations to relevant personnel.

• Assist in the preparation of the company’s annual operating plan with respect to inventory costing and margin analysis and trends.

• Analyze inventory values and cost of sales to explain changes and trends.

• Review, analyze, and explain spending variances.

• Prepare monthly and quarterly managerial reporting as required to assist in explaining manufacturing activity and trends. Requirements • Minimum of 7 years of experience in a cost accounting role within the manufacturing industry

• Strong proficiency in SAP and Microsoft Excel

• Ability to analyze financial statements with a high level of accuracy

• Extensive knowledge and experience in manufacturing cost accounting

• Proven experience in cost accounting and standard cost accounting

• Familiarity with GAAP accounting principles and US GAAP

• Experience in conducting audits and ensuring compliance

• Strong skills in budgeting and forecasting for manufacturing operations

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