Genfare Looking for Sr. Cost Accountant at Elk Grove Village, IL  Full Time

Building the people that build the world.

With platforms in HVAC and Detection and Measurement, SPX Technologies builds innovative solutions that enable a safer, more efficient, sustainable world. Through our RiSE talent development framework, we Reach, Identify, Strengthen, and Engage our employees to support them in their continued development. We’re a global company of problem solvers, collaborators, and innovators, and our businesses build solutions that impact the world.

As part of Detection and Measurement, Genfare is a leader in configurable fare collection systems in the public transit industry. By creating high quality equipment and payment systems to improve the rider experience, we empower equitable mobility and provide services to better connect communities.

Overview

Under general direction, the cost accountant position is responsible for all aspects of Manufacturing and Production costing analysis and inventory for all business locations. The cost accountant is responsible for comparing standard cost to actual cost and identifying and explaining variances by customer, part number and production jobs. The cost accountant must also work closely with engineering and manufacturing personnel to resolve variances and adjust Bills of Materials (BOM’s).

Roles & Responsibilities

• Develop and maintain a cost accounting system that ensures accurate costing
• Conduct a thorough analysis of manufacturing costs, identifying areas for improvement and cost-saving opportunities.
• Monitor and control inventory levels, ensuring accuracy in valuation and reporting
• Update standard costs and ensure accuracy in the Bill of Materials (BOM’s)
• Prepare, analyze, and report monthly gross margin analysis by customer, revenue streams and product lines
• Analyze changes in product design, raw materials, manufacturing methods, or service to determine effects on costs
• Responsible for account reconciliation of physical inventories and cycle counts
• Prepare periodic inventory reserves reconciliation, analyzing inventory for risk, and monitoring with support from internal stakeholders
• Assist in month-end and year-end closing by preparing monthly journal entries, account reconciliations
• Maintain pricing model and support pricing activities
• Work on special projects as required

Qualifications

• Bachelor’s degree in Accounting/Finance or similar discipline and six (6) years in
• manufacturing cost accounting experience is preferred.
• Proficiency in Excel, experience in manipulating large databases a plus
• Significant hands-on experience using an integrated ERP system
• Solid understanding of manufacturing operations, inventory, and cost accounting
• Understanding of U.S. GAAP as it applies to a manufacturing environment is required
• Strong analytical, communication, organizational, and problem-solving skills.
• Extraordinary interpersonal skills to work in conjunction with other departments.
• Must be a team player who also works well independently.
• Must be able to analyze data, draw conclusions, interpret results, and make
• recommendations.

How we live our culture

Our culture is at the center of what we do and, more importantly, who we are. Our core values set a standard for how we manage ourselves, and our Leadership Model sets the standard for how we engage with each other. Whether you are an individual contributor or you lead a large team, each of us leads at SPX.

What benefits do we offer?

We know that the well-being of our employees is integral. Our benefits include:

• Generous and flexible paid time off including paid personal time off, caregiver, parental, and volunteer leave
• Competitive health insurance plans and 401(k) match, with benefits starting day one
• Competitive and performance-based compensation packages and bonus plans
• Educational assistance, leadership development programs, and recognition programs

Our commitment to embrace diversity to build a culture of inclusion at SPX

We value different backgrounds, experiences, and voices at SPX, and we are committed to challenging ourselves, openly communicating, and striving to improve every day. We believe in creating an inclusive work environment where everyone has a voice and is encouraged to realize their fullest potential.

SPX is an affirmative action and equal opportunity employer committed to making selection decisions without regard to race, color, religion, sex, sexual orientation or identity, national origin, age, disability, veteran status, or any other legally protected basis.