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:

Salary: $90,000 – $110,000

Bonus: 10% targeted annual bonus based on company performance

Medical Insurance: Three plan options

Dental & Vision Insurance

Short- and Long-Term Disability

Life Insurance

401(k): 100% company match up to 5%

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

Analyze and report on manufacturing costs, variances, and margins

Partner with production and operations to ensure accurate cost tracking

Review sales quotes to ensure full and accurate cost allocations

Perform profitability and cost analysis for products and product lines

Monitor and reconcile inventory transactions, including cycle counts and adjustments

Support the budgeting, forecasting, and financial planning processes

Prepare and post journal entries for month-end close

Assist in compiling monthly financial reporting packages

Investigate and explain significant expense variances

Reconcile key accounts and resolve discrepancies

Continuously improve cost accounting procedures and internal controls

Support special projects and financial initiatives as assigned

Qualifications

Bachelor’s degree in Accounting, Finance, or related field

CPA or MBA preferred

Minimum 3 years of cost accounting experience in a manufacturing environment

Solid understanding of US GAAP

ERP experience required; Oracle JDE preferred

Proven career progression in accounting roles

Skills & Competencies

Proficiency in Excel and financial analysis tools

Strong understanding of standard costing, inventory valuation, and variance analysis

Attention to detail with strong analytical and problem-solving skills

Excellent communication and collaboration abilities

Ability to work independently and meet deadlines in a dynamic environment

Comfortable working across teams within a global organization