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We are looking for a skilled Cost Accountant to support manufacturing finance operations for a Contract position based in Groton, Connecticut. This role focuses on cost control, inventory accuracy, and financial reporting in a production environment, while partnering with operational teams to improve visibility into plant performance. The ideal candidate brings strong experience in standard costing, variance review, and month-end accounting activities within manufacturing.
Job Responsibility
Manage inventory count activities, including cycle counts and physical inventory reviews, and investigate discrepancies to improve accuracy
Establish annual standard costs for existing products and newly introduced materials, ensuring costing data remains current and reliable
Analyze manufacturing cost performance by tracking production variances and identifying underlying operational drivers
Review labor and overhead results, including absorption impacts, and provide clear explanations for significant fluctuations
Prepare and record manufacturing-related journal entries required for the monthly financial close process
Contribute to budgeting and forecasting efforts by supplying cost data, trend analysis, and operational insights
Develop and distribute recurring cost and performance reports on a daily, weekly, and monthly basis for finance and operations stakeholders
Monitor production spending levels and help maintain controls around manufacturing expenses
Evaluate inventory, purchase price, and other cost variances to support informed decision-making and financial accuracy
Requirements
Demonstrated experience in cost accounting within a manufacturing environment
Strong knowledge of standard costing methods, cost analysis, and variance reporting
Ability to assess inventory variance, purchase price variance, and overall manufacturing performance trends
Experience preparing journal entries and supporting month-end close activities
Familiarity with forecasting, budgeting support, and inventory planning concepts
Working knowledge of overhead rate analysis, labor costing, and absorption accounting
Proficiency with ERP systems such as Epicor and strong reporting skills in a production setting