Senior Cost Accountant

2 Months ago • 5-5 Years • Account Management

Job Summary

Job Description

The Senior Cost Accountant will review cost standards, oversee annual manufacturing budgets and forecasts, and work closely with the operations team to deliver business objectives. They will prepare journal entries, analyze manufacturing costs, and collaborate with the manufacturing team to improve performance. They will also provide support in monthly and annual cost role activities and assist in the coordination of SOX activities related to inventory and manufacturing. This role involves financial analysis, variance analysis, and reporting to senior management.
Must have:
  • Bachelor's degree in Accounting, Finance, or related field required.
  • 5+ years of accounting or finance experience in manufacturing or supply chain.
  • Experience analyzing results and performing variance analysis.
  • Prior experience with Standard Costing practices.
Good to have:
  • MBA, CPA, CMA desirable.
  • Strong proficiency with ERP systems.
  • Strong communication skills at any level.
  • Strong proficiency in Microsoft Office, especially Excel.

Job Details

Collaboration drives Nordson’s success as a market leader in Industrial Precision Solutions and Advanced Technology. Our employees thrive in an environment where we help each other reach our personal best and enable our company to continuously improve and grow, and our customers to succeed. You will find Nordson employees sharing our success by giving back in the communities around the world where we live and work.

Essential Job Duties and Responsibilities


• Review cost standards, including maintaining periodic cost rolls and annual updates. Ensure the use of consistent methodology and provide key factors driving change.

• Oversee the annual manufacturing budgets and forecasts for short- and long-range operating objectives, organizational structure, and staffing requirements for manufacturing and engineering operating teams.

• Work closely with operations team to help deliver their business objectives by driving the high leverage financial opportunities, such as increased capacity utilization, material cost savings, streamlined logistics, product/process cost optimization, working capital reduction, capital effectiveness, and restructuring/sourcing projects.

• Provide financial analysis to all aspects of these organizations, including but not limited to gross margin analysis, labor, and overhead cost analysis.

• Prepare various journal entries, review month-end balance sheets, and run and reconcile OneStream reports. These responsibilities will have a focus on items related to manufacturing and inventory.

• Analyze actual manufacturing costs and prepare periodic reports comparing standard costs to actual production costs; review manufacturing variances (PPV, POV) and manufacturing absorption analysis reports; collaborate with manufacturing team to drive improved performance and accuracy of reporting.

• Provide support in the monthly and annual cost role activities. Work with Supply Chain to ensure accurate pricing of Raw Materials. 

• Assist in the coordination of SOX activities related to inventory and manufacturing. 

• Support Capital investment modelling for costs and savings. Track and report on results.

• Acts within scope of authority and consistent with Company objectives, guidelines, policies, and practices.

• Other duties as assigned.

Education and Experience Requirements

• Bachelor's degree in Accounting, Finance, or related field of study required.  MBA, CPA, CMA desirable.

• 5+ years of experience of accounting or finance experience supporting manufacturing or supply chain.

• 5+ years of experience analyzing results, performing variance analysis, identifying trends, and making recommendations for improvements to senior management.

• Prior experience with Standard Costing practices within manufacturing environment required.

• Working knowledge of manual and automated accounting systems, well-developed financial analysis capabilities, and demonstrated ability to manage micro computer operations and applications.

Preferred Skills and Abilities

• High energy level, comfortable performing multifaceted projects in conjunction with normal activities.

• Strong analytical and reasoning abilities.

• Strong numeric and spreadsheet skills.

• Well-organized with sound administrative skills.

• Strong proficiency with ERP systems. Experience using JD Edwards ERP is a plus.

• Strong communication skills with the ability to communicate effectively at any level.

• Ability to analyze and calculate ROI

• Strong proficiency in Microsoft Office – especially Microsoft Excel.

• Ability to work in a fast-paced environment with competing priorities; ability to multi-task.

Nordson Corporation provides equal employment opportunity to all applicants and employees. No person is to be discriminated against in any aspect of the employment relationship due to race, religion, color, sex, age, national origin, ancestry, disability, sexual orientation, gender identity, genetic information, citizenship status, marital status, pregnancy, veteran status or any other status protected by applicable federal, state, or local law. All employment offers are contingent upon successful completion of our pre-employment drug screening and background/criminal check, consistent with applicable laws.Third party recruiters and agencies should not contact employees of Nordson or its subsidiaries directly. Any resumes sent to a hiring manager or submitted to Nordson employees are considered unsolicited and property of Nordson. Nordson will not pay a placement fee unless the agency or recruiter has a signed contract with Nordson’s Human Resources department in advance of submitting a candidate for consideration. Verbal and written approvals will not be considered a valid contract for service.

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About The Company

At Nordson, we believe that anything is possible. We empower our global team of employees to engineer, manufacture, and market innovative products and systems that are essential to everyday life. These differentiated products and systems are used for precision dispensing and processing and serve a variety of end markets, including packaging, transportation, medical, and electronics. Founded in 1954, we are guided by our values of integrity, respect for people, customer passion, energy, and excellence. We care for our employees and provide them with opportunities to advance their careers and make an impact, inside and outside of work.

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