Cost Accountant

IMI plc

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The Cost Accountant serves as a strategic finance partner to Operations, Supply Chain, and Commercial teams, delivering accurate, data-driven manufacturing cost insights to support tactical and long-term decision‑making. This role owns cost integrity and forecast accuracy for the Farmington, CT manufacturing facility and is responsible for translating complex operational and financial data into actionable recommendations that drive profitability, efficiency, and performance improvement.

The ideal candidate is highly analytical, detail‑oriented, and capable of leveraging financial and operational data to identify trends, quantify risks, model scenarios, and influence cross‑functional decision‑making.

Onsite M-F with Remote Flexibility

• Drive accuracy of Bills of Materials (BOMs), routings, labor standards, and overhead allocations to ensure reliable product costing.
• Evaluate and validate overhead and indirect labor absorption methodologies to ensure appropriate cost recovery.
• Conduct periodic cost audits to identify discrepancies and recommend corrective actions.

• Lead the annual cost roll process, including validation of labor and overhead rate updates.
• Process cost updates within the ERP system and assess financial impact on inventory valuation, balance sheet, and P&L.
• Quantify revaluation impacts and clearly communicate financial implications to leadership.

• Develop, manage, and continuously improve plant‑level cost forecasts using data‑driven methodologies.
• Build scenario models to simulate the impact of changes in volume, mix, pricing, and input costs on profitability.
• Monitor key performance indicators (KPIs) to ensure financial objectives are met and risks are proactively identified.

• Perform detailed monthly variance analysis (standard vs. actual), including gross margin and absorption analysis.
• Identify root causes of cost variances and provide fact‑based recommendations to improve margin performance.
• Present clear, data‑supported insights to management to support corrective actions.

• Analyze material cost fluctuations and purchase price variance (PPV).
• Partner with Supply Chain and Sales to mitigate inflationary pressures through pricing strategies, sourcing improvements, or cost optimization initiatives.

• Lead finance activities related to annual physical inventory counts.
• Partner with Operations and Supply Chain to improve cycle count accuracy and strengthen internal controls, with the long‑term objective of eliminating reliance on annual full counts.
• Own quarterly Excess & Obsolete (E&O) reserve calculations and proactively drive initiatives to reduce exposure.

• Partner with Quality and Operations to analyze scrap, yield, and efficiency data to support cost reduction initiatives.
• Evaluate financial impact of process improvements, automation, lean initiatives, and capital investments.
• Conduct financial analysis for capital expenditure proposals, including ROI and payback modeling.

• Deliver clear, concise monthly and ad hoc financial reports…