Smiths Machine

Sr. Cost Accountant/Analyst

Smiths Machine • $80K — $95K *
Chicago, IL 60629In-Person
Manufacturing & Automotive
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • 5+ years of accounting experience in a manufacturing environment with a focus on cost accounting principles.
  • Bachelor's degree in accounting, finance, or a related field.
  • Expertise in cost accounting, inventory valuation, and manufacturing variance analysis.
  • Familiarity with bills of materials, cost centers, and inventory control processes.
  • Proficient in Microsoft Excel and experience with ERP systems.
  • Knowledge of U.S. GAAP related to inventory and manufacturing accounting.
  • Strong communication and problem-solving skills for cross-functional collaboration.

Responsibilities

  • Analyze and prepare cost reports for materials, labor, and overhead.
  • Review and ensure accuracy of bills of materials.
  • Collaborate with production and supply chain for precise costing practices.
  • Monitor inventory valuation and resolve cost discrepancies.
  • Assist in budgeting and forecasting based on cost trends and production data.
  • Via variance analysis, identify opportunities for cost savings.
  • Support month- and year-end closing with accurate cost entries.

Benefits

  • Opportunity to work in a fast-paced manufacturing environment.
  • Contribute directly to the company's financial health and operational success.
  • Collaborative environment with cross-functional teams.
  • Engagement in strategic decision-making processes related to cost efficiency.
Full Job Description
Job Description

Summary

This pivotal role, is responsible for analyzing manufacturing costs, preparing financial reports, and ensuring accurate cost management within our production processes. This position offers an exciting opportunity to apply accounting skills within a fast-paced manufacturing environment, contributing directly to the company's financial health and operational success.

Essential Duties and Responsibilities

  • Prepare and analyze cost reports related to materials, labor and overhead.
  • Regular review of bill of materials for accuracy.
  • Partner with production and supply chain to ensure accurate costing and establish/maintain best practices.
  • Monitoring inventory valuation and reconciling cost discrepancies.
  • Support physical inventory counts and reconciliations.
  • Assisting with budgeting and forecasting based on cost trends and production data.
  • Collaborating with operations and finance teams to improve cost efficiency.
  • Conducting variance analysis and identifying cost-saving opportunities.
  • Supporting month- and year-end close processes with accurate cost entries.
  • Maintaining cost accounting systems and ensuring data integrity.
  • Support pricing and profitability decisions.
  • Understanding cost accounting standards, industry trends, and best practices.
  • Assist with audits by providing detailed documentation of cost accounting procedures, account reconciliations, and financial data interpretation.


Qualifications

  • At least 5 years of proven experience in accounting within a manufacturing industry environment with a strong understanding of cost accounting principles.
  • Bachelor's degree in accounting, finance, or equivalent experience.
  • Demonstrated knowledge of cost accounting, inventory valuation, standard costing, and manufacturing variance analysis.
  • Experience working with bills of materials, cost centers, inventory controls, and product cost structures.
  • Proficiency in Microsoft Excel and prior use of an ERP system.
  • Solid understanding of U.S. GAAP and its application to inventory and manufacturing accounting.
  • Strong communication, organization, and problem-solving skills with the ability to collaborate across Operations, Engineering, Supply Chain, and Finance.
  • Manage detailed financial information with accuracy.
  • Ability to interpret complex financial reports and conduct cost analysis to support strategic decision-making.
  • Excellent organizational skills with attention to detail.


Additional Information

About Smiths Machine

Smiths Machine is a manufacturing company that specializes in precision machining and assembly services. The company was founded in 1980 and is headquartered in Indianapolis, Indiana. Smiths Machine has a team of experienced machinists and technicians who use state-of-the-art equipment to produce high-quality parts and components for various industries, including aerospace, defense, medical, and transportation. The company's services include CNC machining, turning, milling, grinding, and assembly. Smiths Machine is committed to providing its customers with high-quality products and services and has a reputation for delivering on-time and on-budget.
Learn more about Smiths Machine
Size
15,050 employees
Industry
Manufacturing & Automotive
NASDAQ
SMGZY
* Ladders Estimates

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