Virginia Transformer Corp · 4 days ago
Cost Accountant- Capital Projects
Roanoke, VA
Full-time
Hybrid
Mid, Senior Level
4+ years expVirginia Transformer Corp is the largest U.S.-owned producer of power transformers in North America, known for its commitment to quality and innovation. The Cost Accountant / Financial Analyst for Capital Projects will provide financial analysis, cost control, and reporting for significant capital initiatives, working cross-functionally to ensure projects align with company goals and budgets.
3D PrintingComputerElectronicsEnergyHardwareManufacturingMining
Responsibilities
Develop and maintain detailed cost tracking models for all capital expenditures (CAPEX), including budgets, commitments, forecasts, and actuals
Review and validate purchase orders, change orders, and invoices for proper coding and compliance with project funding
Partner with Project Managers to prepare and update project financial forecasts and identify cost variances
Prepare monthly capital project financial summaries for senior leadership, including variance analysis and cash flow projections
Support business case development, cost-benefit analysis, and return-on-investment (ROI) evaluations
Ensure accurate project closeout, fixed asset capitalization, and depreciation setup in accordance with company policy
Maintain accurate cost structures and allocation methods for capital and indirect costs
Reconcile project costs to general ledger and fixed asset systems
Monitor spending patterns and identify cost-saving opportunities or process inefficiencies
Support plant and regional cost accounting initiatives that align with broader manufacturing finance objectives
Assist in preparing annual and long-term capital budgets
Consolidate project-level forecasts into organizational reports for Finance and Operations
Provide ad hoc analysis, scenario modeling, and variance reviews for capital investments
Participate in month-end close processes related to capital projects (accruals, journal entries, reconciliations)
Ensure compliance with GAAP, company capitalization policies, and internal control requirements
Support internal and external audits by providing capital project financial documentation
Recommend and implement process improvements for project accounting and reporting workflows
Qualification
Required
Bachelor's degree in Accounting, Finance, or related field required
4–8 years of experience in cost accounting, project accounting, or financial analysis
Strong analytical and problem-solving skills with meticulous attention to detail
Knowledge of capital project accounting, cost controls, and capitalization principles
Effective communication and collaboration with project, engineering, and finance teams
Demonstrated ability to streamline data and communicate insights to leadership
Comfortable working in a hybrid office/project site environment
Preferred
CPA, CMA, or MBA preferred
Experience within manufacturing, construction, or industrial capital project environments highly desirable
Proficiency or hands-on experience with ERP Systems: SAP, Oracle, or NetSuite (Project Systems / Project Accounting modules)
Proficiency or hands-on experience with Project Controls Software: Oracle Primavera P6, Microsoft Project, or Procore
Proficiency or hands-on experience with Financial Planning & Analysis Tools: Power BI, Tableau, Adaptive Insights, or Anaplan
Proficiency or hands-on experience with Cost Management Applications: EcoSys, ARES Prism, or Deltek Cobra (preferred)
Advanced Excel Skills: Pivot tables, financial modeling, and scenario analysis
Company
Virginia Transformer Corp
Virginia Transformer is an engineering company that manufactures transformers.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Prabhat Jain
Chief Executive Officer
Recent News
Google Patent
2025-04-04
2025-01-09
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