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Cost Accountant

Company: Modern Industries

Cost Accountant


The cost accountant position is accountable for the ongoing analysis of process constraints, target costing projects, margin analysis, and tracing costs back to underlying activities. The cost accountant must also construct and monitor those cost-effective data accumulation systems needed to provide an appropriate level of costing information to management.

Cost Accounting:

  • Establishment of labor & machine rates
  • Standard Cost versus Actual Cost variance analysis
  • Balance sheet responsibility for inventory accounts
  • Construct data accumulation systems for a cost accounting system
  • Create and review the controls needed for data accumulation and reporting systems


  • Maintenance of part costs in ERP system
  • Active participation in inventory reduction projects
  • Review standard and actual costs for inaccuracies
  • Update standard costs in the bill of materials
  • Accumulate and apply overhead costs as required by generally accepted accounting principles
  • Review standard and actual costs for inaccuracies


  • Daily/Weekly/Monthly Management reporting
  • Fixed asset tracking
  • Trains and instructs other employees as directed
  • Cross train with Accounting Supervisor and Controller
  • Also helpful to have experience manipulating large databases
  • Report on periodic variances and their causes, focusing in particular on spending and labor variances
  • Strong analytical skills
  • ERP experience is a must
  • Able to work independently

Supervises: None

Education / Certifications:
Bachelor’s degree in Accounting required
CPA or CMA certification preferred but not required

Required Experience:

  • Cost Accounting: 3 years

Job Demands - Physical:

  • Sitting position exposed to computer screen 85% of day
  • Must be able to lift up to a maximum of 50 pounds without assistance

Working Conditions:

  • Safety glasses required in designated areas
  • Must exercise care and safe work practices to avoid injury

Job Type: Full-time

Pay: $42,368.00 - $65,245.00 per year


  • 401(k)
  • Health insurance

Physical Setting:

  • Office


  • Monday to Friday


  • Bachelor's (Preferred)


  • Accounting: 3 years (Preferred)

Work Location:

  • One location

Work Remotely:

  • No
Salary Range
$35,000.00 - 49,000.00
per Year
Salary range estimated by
Phoenix, AZ 85004, US