Senior Cost Accountant

Senior Cost Accountant

At Okuma America Corporation, the Senior Cost Accountant plays a critical role in ensuring the accuracy, integrity, and strategic value of our financial operations. This position supports sound business decision-making through cost accounting expertise, financial analysis, reporting, inventory management, and process improvement initiatives. Working cross-functionally with teams across the organization, the Senior Cost Accountant helps drive operational excellence while supporting Okuma's commitment to innovation, quality, and long-term success.

The identification of essential job functions does not display an exhaustive list of all duties that may be assigned to this position, nor does it restrict related work that may be assigned. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Make an Impact

Cost Accounting & Inventory Management

- Coordinate all cost accounting activities and reporting processes.

- Monitor weekly cost calculations and investigate negative inventory issues.

- Perform inventory close activities and reconcile inventory balances across multiple warehouse locations.

- Support cycle count programs, investigate inventory discrepancies, analyze price variances, and assist with issue resolution.

- Establish annual labor and overhead rates.

- Perform average cost analysis for Board and Mechanical Exchange revenue.

- Review, analyze, and explain production variances on a routine basis.

- Conduct quarterly inventory reserve analyses.

- Analyze landed costs and record related accruals.

- Perform royalty analysis and record liabilities within Microsoft Dynamics 365 (D365).

Financial Reporting & Month-End Close

- Lead month-end and year-end close processes to ensure timely and accurate financial reporting.

- Prepare and post journal entries and reconcile balance sheet accounts.

- Perform bank reconciliations.

- Prepare monthly financial reports and analysis for management.

- Prepare quarterly and annual consolidation packages for the parent company using Stravis-Link.

- Reconcile machine revenue and cost of goods sold (COGS) accounts.

- Perform ad hoc financial analysis to support business objectives and strategic initiatives.

Fixed Assets & Compliance

- Manage fixed asset accounting, including additions, disposals, reconciliations, and depreciation.

- Coordinate internal fixed asset audits and ensure compliance with company policies and regulatory requirements.

- Reconcile construction-in-progress (CIP) accounts and record depreciation expenses.

- Prepare annual property tax returns.

- Ensure accounting practices comply with applicable laws, regulations, and company policies.

Audit & Regulatory Support

- Assist with annual financial statement audits and quarterly reviews.

- Prepare schedules, reports, and supporting documentation for auditors.

- Support required reporting to governmental and regulatory entities in a timely and accurate manner.

- Maintain strong internal controls and promote compliance across financial processes.

Process Improvement & Business Partnership

- Develop and implement systems for collecting, analyzing, verifying, and reporting financial information.

- Conduct financial analyses that identify trends, risks, opportunities, and cost-saving initiatives.

- Drive continuous improvement efforts across accounting processes and workflows.

- Collaborate with operational, manufacturing, and leadership teams to support informed business decisions.

- Provide support to other areas of the Accounting Department as needed.

- Adhere to all company policies, procedures, and safe work practices.

Preferred Qualifications & Skills

- Bachelor's degree in Accounting, Finance, or a related field.

- Five or more years of progressive accounting experience with a strong focus in cost accounting and inventory accounting.

- Manufacturing industry experience strongly preferred.

- Experience with ERP systems; Microsoft Dynamics 365 experience preferred.

- Strong understanding of Generally Accepted Accounting Principles (GAAP).

- Experience supporting external audits and financial reporting processes.

- Advanced proficiency in Microsoft Excel and financial analysis tools.

- Strong analytical and problem-solving capabilities.

- Excellent attention to detail and organizational skills.

- Ability to manage multiple priorities and meet deadlines in a fast-paced environment.

- Effective written and verbal communication skills.

- Proven ability to collaborate across departments and build productive working relationships.

- CPA or CMA designation is a plus.

The Okuma Difference

At Okuma, innovation is more than a goal. It is part of who we are. As one of the world's leading manufacturers of CNC machine tools, we invest in advanced technology, employee development, and strong customer relationships. Our team members enjoy a collaborative environment where knowledge sharing, continuous learning, and professional growth are encouraged.

When you join Okuma, you become part of an organization that values excellence, teamwork, integrity, and customer success. You'll have opportunities to influence business performance through financial leadership, strengthen operational decision-making, and help drive continuous improvement across the organization.

Supporting Your Success

At Okuma, we invest in our employees' well-being and professional growth. Our comprehensive benefits package includes:

- Competitive bonus opportunities

- Pension plan

- 401(k) retirement savings plan

- Medical, dental, and vision coverage

- Company-paid disability insurance

- Flexible spending accounts (FSA)

- Gym membership health reimbursements

- Wellness programs

- Tuition reimbursement

- Generous paid time off (PTO)

- Paid holidays

- Paid parental leave

- Flexible scheduling options

- Professional development and training opportunities

Equal Opportunity & Accommodations

Okuma America Corporation is an Equal Opportunity Employer and is committed to fostering an inclusive workplace. Qualified applicants will be considered for employment without regard to any status protected by applicable law.

Reasonable accommodations may be made to enable qualified individuals with disabilities to participate in the application process and perform the essential functions of the position.

This job description is intended to describe the general nature and level of work being performed and is not intended to be an exhaustive list of all responsibilities, duties, or qualifications required. Responsibilities may change based on business needs.

Qualifications

Experience/Training/Education

- BS degree in Accounting or Finance

- 5 – 7 years of relevant cost accounting experience

Knowledge/Skills/Abilities
General: 
•    Ability to work independently with minimal supervision.
•    Ability to plan, prioritize, organize work, effectively handle multiple projects with track record of successful project completion, and work positively under pressure.
•    Exceptional organizational skills with the ability to multitask and manage a range of responsibilities and competing priorities while working under pressure to meet deadlines
•    Superb time management and organizational skills with the ability to meet regular and frequent deadlines
•    Team player and positive attitude are essential.

Technical:  
•    Computer proficiency to include intermediate Microsoft Excel, Word, and Office skills as well as Internet research skills. D365 and Onestream experience is a plus.

Communication: 
•    Possess strong communication skills, both written and verbal
•    Excellent verbal and written communication skills, as well as exceptional listening skills
•    Exceptional ability to speak and write effectively in a business environment
•    Exceptional ability to ask necessary questions

Math & Reasoning: 
•    Ability to define problems, collect data, establish facts, and draw valid conclusions
•    Ability to carry out instructions furnished in written, oral, or diagram form
•    Ability to manage multiple projects simultaneously and willingness to adapt to change and take initiative
Physical and Environmental Elements
Physical Demands: 
•    Ability to sit continuously for over 3/4 of normal work shift, and stand, walk, and reach with hands and arms for at least 1/4 of the normal work shift
•    Ability to lift and carry, push, or pull up to 10 pounds 
•    Ability to stoop, crouch and reach 
•    Ability to talk or hear continuously
•    Ability to see clearly to do all work-related tasks (clear or corrected vision at 20 inches or less) 
•    Ability to operate a vehicle and possess a valid driver's license
•    Finger dexterity is required frequently for over 3/4 of the normal work shift including operating a phone, computer/ electronic equipment

Work Environment: 
•    Position is typically performed in the office environment with standard equipment and moderate noise levels (examples: computers, printers, fax, copiers, light traffic, and phone)
•    Position will occasionally interact with the production/warehouse environment. Thus, the employee may be exposed to an open warehouse area where temperatures may be subject to outdoor conditions in terms of cold and heat. 
•     There is exposure to various tools and equipment as well as forklift operations and corresponding noise levels

Special Requirements
•    Maintain annual OSHA safety certifications as required by job duties
•    Driving record that is insurable
•    Live within a reasonable commutable distance of the corporate office