Cost Accounting Analyst

Description

Labconco Corporation, a leading manufacturer of laboratory equipment with a 100-year legacy of innovation, quality, and customer focus, is seeking a driven and analytical Cost Accounting Analyst to join our team and help shape the financial performance of our growing organization.

In this highly visible role, you will lead key cost accounting functions, including inventory valuation, standard costing, and manufacturing variance analysis, while also contributing to budgeting, forecasting, and broader financial planning initiatives. Partnering with teams across Operations, Manufacturing, Engineering, and Finance, you will develop financial models, analyze cost drivers, uncover opportunities for improvement, and deliver actionable insights that support strategic decision-making.

This is an excellent opportunity for a self-motivated professional who enjoys solving complex business challenges, influencing operational performance, and making a measurable impact within a collaborative and innovative manufacturing environment.

 Essential Duties and Responsibilities

• Maintain and update standard costs (materials, labor and overhead), as well as lead detailed variance analysis and communicate key drivers.
• Oversee and optimize inventory accounting (e.g., inventory valuation, reserves, obsolescence, etc.); monitor and perform analysis on inventory levels, turns, and aging.
• Oversee and support physical inventory counts and cycle count programs.
• Partner with operations, supply chain, and procurement to understand product cost drivers; collaborate to develop opportunities for improvement (e.g., supplier change, make vs. buy, efficiencies, etc.).
• Partner and work cross-functionally with business leaders to support the development of the Company’s annual budget, forecasts, and long-range plans; perform financial modeling, analyze key drivers, and provide insights to guide decision-making.
• Perform financial analysis, including product pricing, cost, and margin analysis for existing products, as well as future product launches; support post-launch reviews to assess actual vs. expected performance.
• Partner and work cross-functionally with subsidiary business unit leaders to support monthly financial reviews; analyze performance, identify key drivers and variances, and provide actionable insights to support decision-making.
• Assist with pricing strategy, including detailed analysis and communication with business partners.
• Introduce incremental improvements to key reporting to support the overall decision-making process of the business; ensure reporting capabilities evolve as business practices change and improve.
• Work with IT and other departments to manage business data collection to ensure accuracy and integrity of data collected.

Other DutiesPerforms other job duties as assigned by Sr. Financial Analyst or Finance Management.
Work ScheduleNormal working hours are typically 8 hour work day within the operating hours of 7:30am - 6:00pm Monday – Friday; unless otherwise discussed and/or established by the manager or seasonal schedule changes. From time to time additional hours may be required, as needed. This position is expected to work onsite. 

Requirements

Required Skills & Abilities To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• To perform this job successfully, an individual should be proficient in Microsoft Office software such as Word and Excel and Power Point skills. Previous experience in Cognos and Query are a plus.
• Ability to analyze and interpret large sets of data.
• Ability to effectively present information and respond to questions from groups of managers, clients, customers
• Ability to analyze data and apply math and reasoning to problem-solving.
• Ability to multitask and prioritize projects.

Education and Experience

• Bachelor’s degree in accounting, finance or related field;
• 3+ Years of relevant finance and costing experience
• Manufacturing experience is a plus
• Experience working with ERP and large datasets.

Work Environment & Physical RequirementsThe conditions and physical demands described are representative of those required to perform the essential functions of this job. Occasionally, employees may be required to perform these physical activities as needed for certain tasks. Reasonable accommodations may be made to enable individuals with disabilities to perform these functions.

• Work environment noise level is usually moderate.
• Regularly talk and hear.
• Occasionally stand, walk, sit, use hands to handle or feel, and reach with hands and arms.
• Occasionally climb or balance, stoop, kneel, crouch, crawl, and taste or smell.
• Occasionally required to perform these lift and/or move up to 25 pounds (with assistance as needed).
• Use specific vision abilities, including close vision, distance, color, peripheral, depth perceptions, and the ability to adjust focus.

Benefits

• PTO, 9 paid holidays, Medical, HSA, FSA, Dental, Vision, 401k (Traditional and Roth), Company paid life insurance, LTD & STD.

EOE/M/F/Vet/Disabled