Senior Cost Accountant
Radford, VA - USA
Job Summary
The Senior Cost Accountant is responsible for leading and supporting plant-level cost accounting activities including inventory valuation cost analysis overhead rate development and audit support. This role provides oversight and guidance to a Junior Cost Accountant and serves as a key financial partner to Operations Engineering FP&A and other cross-functional teams.
This position may be filled at a level commensurate with the candidates experience skills and qualifications.
- Review monthly journal entries and balance sheet account reconciliations related to inventory and cost accounts
- Perform excess and obsolete (E&O) inventory reporting and reserve analysis
- Lead physical inventory planning execution reconciliation and follow-up reporting for internal and external audits
- Develop and maintain standard labor material fixed and variable overhead rates
- Develop and maintain DOD standard labor and overhead rates
- Drive margin improvement and costing initiatives in partnership with Operations and Engineering
- Perform inventory capitalization analysis
- Support internal and external audit requests and reviews
- Provide guidance oversight and technical support to the Junior Cost Accountant
Cost Accounting & Inventory Responsibilities
- Analyze bills of materials and routings to prepare new items for cost rollups
- Perform cost rollups and activate new items in the ERP system
- Prepare weekly and monthly inventory reporting by plant and product line
- Manage work orders including weekly and monthly variance analysis
- Analyze and reconcile miscellaneous inventory scrap and pending inventory transactions
- Prepare monthly journal entries and inventory account reconciliations
- Plan and lead physical inventories and support the annual standard cost update
- Analyze make-versus-buy decisions and support operational cost optimization initiatives
- Utilize OneStream and ERP systems to retrieve analyze and report financial data
- Recommend and implement process improvements to enhance accuracy controls and reporting timeliness
- Support or lead special projects and cross-functional initiatives as required
- Strong knowledge of cost accounting principles inventory valuation and manufacturing accounting
- Experience developing labor material and overhead cost rates
- Ability to analyze and explain cost variances and inventory valuation impacts
- Strong analytical organizational and problem-solving skills
- Ability to work effectively with cross-functional manufacturing and finance teams
- Experience supporting internal and external audits
- Bachelors degree in Accounting or Finance
Years of experience and level of responsibility will vary depending on the candidates background skill set and demonstrated capabilities.
- 35 years of progressive accounting or cost accounting experience in a manufacturing environment
- CPA CMA or other relevant professional certification
- Experience with ERP systems (e.g. Oracle) and financial reporting tools (e.g. OneStream)
- Experience leading or mentoring junior accounting staff
- Medical Dental Vision and Prescription Drug Coverage
- Spending accounts (HSA Health Care FSA and Dependent Care FSA)
- Paid Time Off and Holidays
- 401k Retirement Plan with Matching Employer Contributions
- Life and Accidental Death & Dismemberment (AD&D) Insurance
- Paid Leaves
- Tuition Assistance
About Regal Rexnord
Regal Rexnord is a publicly held global industrial manufacturer with 30000 associates around the world who help create a better tomorrow by providing sustainable solutions that power transmit and control motion. The Companys electric motors and air moving subsystems provide the power to create motion. A portfolio of highly engineered power transmission components and subsystems efficiently transmits motion to power industrial applications. The Companys automation offering comprised of controls actuators drives and precision motors controls motion in applications ranging from factory automation to precision control in surgical tools.
The Companys end markets benefit from meaningful secular demand tailwinds and include factory automation food & beverage aerospace medical data center warehouse alternative energy residential and commercial buildings general industrial construction metals and mining and agriculture.
Regal Rexnord is comprised of three operating segments: Industrial Powertrain Solutions Power Efficiency Solutions and Automation & Motion Control. Regal Rexnord has offices and manufacturing sales and service facilities worldwide. For more information including a copy of our Sustainability Report visit .
Equal Employment Opportunity Statement
Regal Rexnord is an Equal Opportunity and Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race color religion sex/gender sexual orientation gender identity pregnancy age ancestry national origin genetic information marital status citizenship status (unless required by the applicable law or government contract) disability or protected veteran status or any other status or characteristic protected by law. Regal Rexnord is committed to a diverse and inclusive workforce. We are committed to building a team that represents diverse and inclusive backgrounds perspectives and skills. If youd like to view a copy of the companys affirmative action plan for protected veterans/individuals with disabilities or policy statement please email you have a disability and you believe you need a reasonable accommodation in order to search for a job opening or to submit an online application please e-mail
Required Experience:
Senior IC
About Company
Regal Beloit and Rexnord Corporation merged in 2001 to create Regal Rexnord. Find out more about the brands that make up our power transmission portfolio.