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IMI · 3 days ago

Senior Cost Accountant

University Park, MD

Full-time

Hybrid

Mid, Senior Level

$95K/yr - $115K/yr

5+ years exp

IMI is a company focused on creating solutions and building careers. The Senior Cost Accountant will play a key role in the Finance function, responsible for financial reporting, analysis, and ensuring cost accounting principles are applied effectively to drive performance improvements.

EnergyInnovation ManagementManufacturingOil and Gas

Responsibilities

Analyzes actual manufacturing costs compared to standrd costs to ensure accuracy of standards and provide insight on any over/under absorption

Be responsible for obsolete inventory reporting, analysis and management overrides

Business partner with our Supply Chain team to understand current purchase price variances and trends to make necessary updates to standard costs. Additionally, work with Supply Chain to co-ordinate and control inventory counts; with the aim of removing our annual count and embedding a perpetual counting process

Scrap Reporting - Partner with Quality Assurance (QA) to help identify, understand and reduce scrap

Support the site Finance Director with regular FP&A reporting and analysis, identifying trends in performance to drive performance and improve future forecasts

Provides management with reports specifying and comparing factors affecting prices and profitability of products or services

Manages the execution of the annual cost roll and works collaboratively with various departments to maintain precise and reliable data

Conducts thorough reviews of job variances and partners with cross-functional teams to determine root causes and drive improvements

Be able to identify a new business need and support development of the required information and reporting

Deputise for the site Finance Director as required

Ad-hoc analysis and projects as required

Qualification

Cost AccountingFinancial AnalysisForecastingCPACMAOracleBusiness CommunicationProblem SolvingTeam Collaboration

Required

Bachelor's degree in Accounting or related field

5-8 + years in a Cost Accounting manufacturing environment

Demonstrated financial acumen delivering forecasting, variance analysis and data interpretation of results

Ability to problem solve and work with ambiguity to resolve issues

Excellent business communication skills in English

Collaborative team player who will embrace IMI's One Big Team ethos

Preferred

CPA or CMA is preferred

Previous experience of Oracle would be an advantage, but not essential

Benefits

Multiple health plans to choose from: HMO, PPO, and High Deductible Health Plans with a low-cost share

Best-in-class 401K plan with zero vesting and up to 6% contribution matching

14-week maternity leave at full pay (Adoption benefits are equivalent)

4-week paternity leave at full pay (Adoption benefits are equivalent)

Employee Resource Groups that offer community and support, like our Pride Network and Network of Women groups

PTO, encompassing inclusive holidays

Career Development opportunities (IMI’s ‘Catalyst’ Program)

Employer contribution for Health Savings Account, and in many cases free virtual telemedicine, and teletherapy.

Mental Health and wellness programs to support you and your family

Full suite of voluntary benefits to tap into, including but not limited to: Critical illness insurance, hospital indemnity, legal insurance, identity theft protection, and pet insurance or home & auto insurance through our discount advantage platform

Short & long-term disability as well as basic life insurance at 2x your basic salary at no cost to the employee

Free financial advisors, webinars, and classes through Charles Schwab

Annual Employee Stock Purchase Plan with option to purchase IMI shares at a reduced employee only price - no opportunity to lose, only to profit or refund your investment 100%

Company

IMI

IMI is a global leader in fluid and motion control, serving markets underpinned by three long-term growth trends – automation, energy efficiency and healthcare demand.

Founded in 1862

Birmingham, Birmingham, GBR

10001+ employees