Junior Cost Accountant

Job Description

Job Description

Summary

The Junior Cost Accountant is responsible for performing professional‑level cost accounting activities, including analyzing proposed standard costs, validating Bills of Materials and purchased part costs prior to production, and evaluating cost variances. This role maintains the integrity of the Enterprise Resource Planning (ERP) system to ensure accurate costing, supports financial reporting, and contributes to monthly, quarterly, and annual close processes. The Junior Cost Accountant exercises independent judgment in analyzing financial data, identifying cost drivers, and recommending corrective actions.

Essential Job Duties

• Maintain and enhance the ERP system to ensure accurate application of standard costing methodology, including developing standard costs for manufactured goods and new products.
• Analyze manufacturing costs, standard cost variances, and operational performance, providing insights and recommendations to management.
• Participate in month‑end, quarter‑end, and year‑end close activities, including preparing journal entries, reviewing cost accounts, and ensuring accurate financial reporting.
• Prepare and interpret cost reports for Operations, identifying trends, cost drivers, and opportunities for improvement.
• Conduct detailed cost reconciliations and investigate discrepancies, ensuring compliance with accounting standards and internal controls.
• Contribute to the annual cost roll and operating budget process, including standard cost development, cost center budgeting, headcount analysis, volume forecasting, and raw material pricing analysis.
• Collaborate with Supply Chain and the Bill of Materials team to evaluate cost impacts, support cost updates, and ensure accurate product costing.
• Oversee and validate inventory‑related activities, including cycle counts and physical inventory audits, ensuring accurate valuation and reporting.
• Analyze complex cost accounting issues and provide recommendations to management to support strategic decision‑making.
• Ensure compliance with ITAR, DFARS, and internal financial policies.

Education & Experience

Required Qualifications

Physical Demands & Working Conditions