Senior Cost Accountant
Elgin, IL
Full-Time | On-site Only
Salary: $100,000–$110,000 + 10% Annual Bonus Target
Comprehensive Benefits Package
About the Company
A global leader in the design, manufacturing, and distribution of CNC machine tools is seeking an experienced Senior Cost Accountant to support its U.S. operations. With a 100-year legacy of precision engineering and innovation, this organization operates across North America, Europe, and Asia with more than 700 employees and $225 million in annual revenue. Now under the ownership of a prominent middle-market private equity firm, the company is focused on growth, operational excellence, and long-term value creation.
This is a critical opportunity for a finance professional to play a strategic role in supporting the profitability and efficiency of a complex, multi-site manufacturing environment. The position is located full-time at the company’s U.S. headquarters in Elgin, IL, with no remote or hybrid option.
Position Overview
The Senior Cost Accountant will be responsible for delivering accurate and timely cost reporting and financial insights to manufacturing and operations leadership. This role partners cross-functionally with production and engineering teams to ensure the integrity of cost tracking, inventory valuation, and margin analysis.
Key Responsibilities
Analyze and report on manufacturing costs, variances, and gross margins
Collaborate with operations and production teams to ensure accurate cost tracking across facilities
Review customer quotes for accuracy and completeness of cost allocations
Conduct profitability and cost analysis across products and product lines
Monitor inventory transactions, cycle counts, and adjustments to ensure accuracy
Support month-end close activities, including journal entries and account reconciliations
Assist in budgeting, forecasting, and ongoing financial planning processes
Provide variance explanations and support for monthly financial reporting packages
Maintain and improve cost accounting procedures and internal controls
Participate in annual audit preparation and provide supporting documentation
Support ad hoc financial analysis and special projects as needed
Qualifications
Bachelor’s degree in Accounting, Finance, or a related field
CPA or MBA preferred
Minimum of 3 years of cost accounting experience in a manufacturing environment
Solid knowledge of U.S. GAAP and manufacturing cost principles
Experience with ERP systems required; Oracle JDE preferred
Strong Excel skills and ability to perform in-depth financial analysis
Demonstrated experience managing deadlines and working independently in a fast-paced environment
Excellent communication and collaboration skills across departments
Work Location and Travel
This position is 100% on-site at the Elgin, IL headquarters
Less than 5% travel is expected
Compensation and Benefits
Salary: $100,000–$110,000 annually
Performance-based bonus: Up to 10% annually based on company results
Benefits include:
Medical, dental, and vision insurance
Life and disability insurance
401(k) with 100% company match up to 5%
Paid vacation and sick leave
11 company-paid holidays
Career development support