Cost Accountant I

9 Minutes ago • 2-4 Years • $60,700 PA - $83,400 PA
Accounting

Job Description

This entry-level Cost Accountant I position on the Finance Team supports Wabtec Bus Solutions. The role involves daily cost maintenance in the ERP system, generating inventory reports, assisting with month-end close activities, and account reconciliation. You will also support yearly Standards updates. The ideal candidate will possess excellent organizational and analytical skills, be detail-oriented, knowledgeable in operations, and adept at identifying problems under tight deadlines. This position is crucial for optimizing financial processes related to inventory, sourcing, and cost structure, helping the company manage costs effectively.
Good To Have:
  • Experience with Oracle ERP system.
  • Experience in using Power BI and OneStream applications.
Must Have:
  • Bachelor's Degree (B. S.)
  • Two to four years related cost accounting experience in a manufacturing environment.
  • Experience with ERP cost accounting systems.
  • Advanced user of MS Excel, including pivot tables, lookup tables.
  • Perform required cost maintenance in ERP system daily.
  • Review pending standard costs monthly against frozen standard cost.
  • Review bill of materials and routings for accuracy monthly.
  • Prepare weekly/monthly labor efficiency reports.
  • Generate weekly cycle count reports and monitor compliance.
  • Prepare inventory and cost month-end close journal entries.
  • Prepare and maintain monthly inventory accounts reconciliation.
  • Support Physical Inventory auditing team.
  • Support yearly Material Standards updates.
  • Willing to spend time on the shop floor to gain understanding of manufacturing process and costs.
Perks:
  • Health benefits
  • Welfare benefits
  • Retirement benefits
  • Annual bonus (if eligible)
  • Relocation assistance (if eligibility requirements are met)

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It’s not just about your career or job title… It’s about who you are and the impact you will make on the world. Because whether it’s for each other or our customers, we put People First. When our people come together, we Expand the Possible and continuously look for ways to improve what we create and how we do it. If you are constantly striving to grow, you’re in good company. We are revolutionizing the way the world moves for future generations, and we want someone who is ready to move with us.

Who will you be working with?

You'll be joining as a qualified Cost Accountant I, on our Finance Team. You will work with our Bus Solutions Cost Accountant Manager performing daily cost maintenance in the EPR system, generating various Inventory reports, assisting with month-end close activities and account reconciliation tasks, and supporting yearly Standards updates and other related activities.

How will you make a difference?

As an entry-level cost accountant within Bus Solutions, you will support the business in costing, have excellent organizational and analytical skills while being detail oriented, knowledgeable on operations and identifying problems working under tight deadlines. This will help the company contain costs, identify areas needed for review. This role is critical for the success of the financial processes with regard to inventory, sourcing and cost structure

What do we want to know about you?

We would like to know if you meet the following criteria:

  • Bachelor's Degree (B. S.). Two to four years related cost accounting experience in a manufacturing environment.
  • Computer Skills: To perform this job successfully, an individual should have experience with ERP cost accounting (experience with Oracle is preferred) reporting systems. Advanced user of MS Excel, including pivot tables, lookup tables, etc. Experience in using Power BI and OneStream applications is helpful.

What will your typical day look like?

  • Performs required cost maintenance in ERP system daily and reviews pending (current) standard costs monthly against frozen standard cost. Reports on large variations and reviews impact on product margins. Analyzes changes in product design, raw materials, manufacturing methods, or services provided, to determine effects on costs.
  • Reviews bill of materials and routings for accuracy monthly and as needed. Prepares weekly/monthly labor efficiency reports and analyzes routed hours to actuals trends.
  • Generates weekly cycle count reports and monitors compliance with ABC cycle counting program throughout the year. Maintains ABC cycle count codes in ERP system quarterly.
  • Prepares inventory and cost month-end close journal entries, generates monthly inventory reports, updates OneStream reports. Prepares and maintains monthly inventory accounts reconciliation.
  • Supports Physical Inventory auditing team. Supports yearly Material Standards updates, assists in gathering material cost data and identifies areas for cost-accuracy improvements.

What about the physical demands of the job?

  • Hybrid once training is completed
  • Use a computer for extended periods
  • Occasionally lift/move up to 10 pounds
  • Stand, walk, and navigate facilities
  • Must be willing to spend time on the shop floor to gain understanding of the manufacturing process and costs

You may also be asked to perform other duties outside of your function or trade, for which adequate training will be provided if necessary.

Relocation assistance may be provided if eligibility requirements are met.

will only employ those who are legally authorized to work in the U.S. for this opening. Any offer of employment is conditioned upon the successful completion of a drug screen (as applicable) and fitness for duty test (as applicable).

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