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Cost Accountant at Fairbanks Morse

Posted in General Business 30+ days ago.

Type: Full-Time
Location: Beloit, Wisconsin





Job Description:

Cost Accountant

This position is a key member of the Fairbanks Morse (FM) Finance team coordinating monthly cost accounting activities and supporting inventory functions within Fairbanks Morse. Required characteristics for success in this position include being highly organized, detail and deadline oriented, team focused and exhibiting positivity, while possessing the ability to multi-task in a fast-paced environment.

We offer outstanding benefits, 4O1K matching, Paid Time Off policy and tuition reimbursement!

In this role your responsibilities will include, but not be limited to the following:


  • Performs cost accounting activities, including valuation of inventory, analysis of manufacturing overhead variances, and creation of manufacturing product costs
  • Assists in calculation of standard rates for parts, labor and overhead
  • Performs reconciliation of purchase price variance on materials received, adjusting unit costs as required
  • Reconciles and investigates WIP job variances
  • Reviews spare parts costs and provides updates as needed
  • Supports internal, external, and customer audits; performs duties adhering to SOX controls
  • Assists with GL period close activities, including the preparation of journal entries, account reconciliations and financial statements
  • Prepares monthly reporting comparing actual to budget for assigned accounts
  • Assists with physical inventory counts and administering the cycle count program
  • Assists with the quoting process
  • Actively seeks continuous improvement to be implemented within owned processes


Basic qualifications for this role include:

  • Bachelors Degree if Finance or Accounting
  • 2+ years of accounting experience in a manufacturing environment

  • Must have knowledge of regulatory requirements including GAAP, FASB, etc.
  • Must be proficient in MS Office; strong Excel skills required


Preferred Skills and Experience include:

  • Experience performing cost accounting functions is preferred
  • Proficient in use of an ERP computer software package; Oracle experience strongly preferred


This position requires access or potential access to Unclassified Naval Nuclear Propulsion Information, which is Not Releasable to Foreign Nationals (NOFORN) data. Therefore, to meet NOFORN requirement, you will have to provide proof of US Citizenship and attest that you do not have dual citizenship. Acceptable proof of US Citizenship is a US Passport, US Birth Certificate or Naturalization Certificate

Fairbanks Morse is known for its culture where it seeks to enable the full release of human possibility through individual development while achieving strong financial returns. We invest in our employees and provide opportunities for them to make a difference while building a culture that reflects our core values of Integrity, Teamwork and Velocity. Each person has the opportunity to truly make an impact as an integral part of a collective team.

Other details


  • Pay Type Salary
  • Required Education Bachelor's Degree
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  • Beloit, WI 53511, USA





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