Sr. Cost Accountant

INTRODUCTIONBarksdale, founded in 1949, is a leading manufacturer of highly engineered control products. As a subsidiary of Crane Co. a $2B industrial conglomerate, Barksdale has a leading brand position in instrumentation, with focus on General Industrial, Oil & Gas and Transportation end markets. With proprietary technologies, Barksdale's valves, regulators, pressure switches electronic and speed instrumentation products have carved a niche for themselves in demanding applications. Supported by strong financial standing, the business is positioned to continue double-digit annual growth over the next 5 - 10 years.JOB SUMMARYThe Senior Cost Accountant manages the cost accounting function, including month-end close, cost analysis, and inventory valuation. Key responsibilities include preparing journal entries, ensuring accurate inventory valuation, maintaining the standard cost system, analyzing cost variances, and updating product costs. The role also involves collaborating with cross-functional teams, assisting with audits, and participating in ad hoc projects. This position requires strong analytical skills and effective cross-departmental collaboration.KEY RESPONSIBILITIESMonthly TasksManage the month-end closing process for cost accounting, including preparing journal entries and account reconciliations.Coordinate with the supply chain team to review and reconcile physical consignment inventory discrepancies between the ERP system and the supplier's system.Lead and conduct Excess & Obsolete (E&O) review meetings with vertical Product Managers to manage E&O risks, analyze E&O inventory, and record E&O reserves.Review cycle count adjustments, ensuring inventory discrepancies are appropriately addressed -and updated in the system.Perform warranty accrual analysis.Calculate inventory turnover analysis by product line.Review work-in-process (WIP) and resolve outstanding issues.Perform analysis for tariffs, freight, and duties, and book appropriate reserves.Analyze manufacturing variances and book required adjustments.Maintain and manage the standard cost systemReview and approve Product Change Requests.Provide weekly outlook for material variances based on current factorsMonitor item master for cost fluctuations resulting from implemented BOM updatesEvaluate incurred costs against earned absorption to identify risksopportunities by product linesPerform account reconciliation of inventories and cost of salesQuarterly TasksPerform quarterly analysis of inventory for the lower of cost and net realizable value (NRV) and make necessary adjustments.Annual TasksAssist with financial statement audits.Coordinate with the Inventory Manager and lead the finance-side efforts for the annual physical inventory.Establish annual intercompany transfer pricesCollaborate with the Quality Control team to review customer warranty contracts.The preceding functions have been provided as examples of the types of work performed by employees assigned to this job classification. Management reserves the right to add, modify, change or rescind work assignments and to make reasonable accommodations as needed.Experience and Qualifications Needed:Education:Bachelor's degree in Accounting, Finance, or related field (CPA or CMA preferred).Experience:Minimum of 5 years of cost accounting experience, preferably in a manufacturing or production environment.Proven ability to analyze and maintain standard costs, and manage inventory valuation.Experience with financial statement audits and ad hoc financial analysis projects.Skills:Proficiency in accounting software and ERP systems (e.g., SAP, Oracle, or similar).Advanced Excel skills for data analysis and reporting.Strong analytical, problem-solving, and organizational skills.Knowledge:In-depth understanding of cost accounting principles and inventory management.Familiarity with cycle counting and physical inventory processes.Collaboration:Ability to work cross-functionally with other departments to resolve cost-related issues and munication:Strong verbal and written communication skills to effectively present findings and recommendations.Skills:Cost Accounting: Expertise in cost accounting principles, including variance analysis, standard cost maintenance, and inventory valuation.Financial Analysis: Strong ability to analyze financial data and provide actionable insights into cost trends and profitability.ERP and Accounting Software: Proficiency with ERP systems (e.g., SAP, Oracle) and advanced Excel for data analysis and reporting.Month-End Close: In-depth experience managing the month-end close process, preparing journal entries, and performing account ventory Management: Knowledge of inventory control processes, cycle counting, and accurate inventory valuation.Problem Solving: Strong analytical skills to identify issues, resolve variances, and recommend practical solutions.Attention to Detail: Exceptional accuracy and attention to detail in financial reporting and munication: Excellent written and verbal communication skills for cross-functional collaboration and presenting financial data.Project Management: Ability to handle ad hoc projects, prioritize tasks, and meet deadlines.Collaboration: Strong teamwork skills to work effectively with other departments and resolve cost-related issues.Salary range: $89,800 to $110,000 with 5% bonus potential. Several factors contribute to actual salary, including experience in a similar role or performing comparable job responsibilities, skills, training, and other qualifications. Compensation packages also include comprehensive benefits, 401K contribution and match, Paid Time Off, paid holidays, tuition reimbursement and more. Some roles may be eligible for participation in performance-based bonus programs.

Created: 2025-02-09