Cost Accountant (Aerospace Industry) (Bloomington, MN)

New Production Site opening in Mendota Heights, MN!

As our Cost Accountant , you will be responsible for product costing, variance analysis, inventory reporting, inventory valuation, ESHs reporting, quote costing support, budget reporting, and preparation and compilation of select budgeting and forecasting models.

Who are we?

Join a well-established and growing company that's been a leader in the aerospace industry for over 100 years.

We specialize in manufacturing aluminum and magnesium components for commercial, regional, corporate, and military aircraft and engines.

This is your chance to be part of a legacy of innovation and excellence.

What will you do?


* Maintain monthly inventory valuation models, generate monthly inventory reports, coordinate annual physical inventory counts, prepare annual inventory audit schedules, and work to introduce cycle counting procedures.


* Calculate inventory obsolescence on a monthly basis.

Work to ensure obsolete inventory is identified and relieved from inventory when appropriate.


* Analyze and maintain inventory, material, and work center standard costs.


* Analyze and provide monthly margin analysis by part, customer, and product line to upper management.


* Play a key role in month end close process by managing and tracking plant related close activities, such as raw material counts, and execute inventory valuation process for final recording in financial statements.

Process these activities in a timely manner in line with close schedule.


* Calculate and report month end cost variance analysis for all cost centers within the company.

Report monthly gains and losses to management team; note any differences that relate to BOM issues.


* Account for and review tooling and pattern job analysis, identify and track losses and reconcile cost at the end of each month, provide updated weekly reporting to upper level management.


* Assist in the calculation of activity, overhead, and standard rates for each cost center based on budget, actuals, and anticipated production hours.


* Work with engineering and manufacturing to maintain appropriate costing structure.

IE: Are multiple rates needed in cost centers, are work cells being deployed and costed appropriately, or if new equipment has been deployed and if it changes costing structure.


* Create and provide production earned standard hours reports to departments on a timely basis.


* Assist controller with providing meaningful analysis for management including monthly reporting on departmental budgets, inventory, and other ad hoc items as requested.


* Compile financial data from multiple sources in a reporting format adequate for management to effectively analyze business trends, make informed long-term and short-term decisions, determine effects of costs on the business, compare actual costs to estimates and identify reasons for variances.


* Provide financial analysis and support for quoting, price ...