Cost Accountant
Salary: $90,000 - $110,000 per year
Location: Elgin, IL
Posted: July 10 2025
Minimum Degree:
Relocation Assistance: Not Available
Now Hiring: Cost Accountant (100% On-Site – Elgin, IL)
We are seeking a full-time Cost Accountant to join our growing finance team. This is a 100% on-site position based in Elgin, IL.
Why Join Us?
We offer a competitive compensation package and exceptional benefits, including:
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Salary: $90,000 – $110,000
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Bonus: 10% targeted annual bonus based on company performance
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Medical Insurance: Three plan options
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Dental & Vision Insurance
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Short- and Long-Term Disability
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Life Insurance
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401(k): 100% company match up to 5%
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Paid Time Off: 11 paid holidays plus vacation time
Company Overview
We are a global leader in the design, manufacturing, and distribution of CNC machinery, with a 100-year legacy of excellence. With over $225 million in annual revenue and 700+ employees across the U.S., Switzerland, and China, we operate with a streamlined regional leadership structure focused on performance, quality, and continuous improvement.
Role Summary
The Cost Accountant plays a key role in supporting our U.S. manufacturing operations by delivering accurate and insightful cost reporting and analysis, helping drive informed decisions that impact profitability and efficiency.
Key Responsibilities
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Analyze and report on manufacturing costs, variances, and margins
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Partner with production and operations to ensure accurate cost tracking
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Review sales quotes to ensure full and accurate cost allocations
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Perform profitability and cost analysis for products and product lines
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Monitor and reconcile inventory transactions, including cycle counts and adjustments
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Support the budgeting, forecasting, and financial planning processes
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Prepare and post journal entries for month-end close
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Assist in compiling monthly financial reporting packages
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Investigate and explain significant expense variances
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Reconcile key accounts and resolve discrepancies
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Continuously improve cost accounting procedures and internal controls
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Support special projects and financial initiatives as assigned
Qualifications
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Bachelor’s degree in Accounting, Finance, or related field
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CPA or MBA preferred
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Minimum 3 years of cost accounting experience in a manufacturing environment
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Solid understanding of US GAAP
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ERP experience required; Oracle JDE preferred
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Proven career progression in accounting roles
Skills & Competencies
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Proficiency in Excel and financial analysis tools
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Strong understanding of standard costing, inventory valuation, and variance analysis
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Attention to detail with strong analytical and problem-solving skills
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Excellent communication and collaboration abilities
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Ability to work independently and meet deadlines in a dynamic environment
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Comfortable working across teams within a global organization