Cost Accountant

About This Role

This Cost Accountant role is central to the company's accounting function, focusing on identifying and coding costs for capital project spending, particularly for plant and inventory workstreams. The position involves close collaboration with project controllers, procurement, and accounts payable to ensure proper GAAP accounting conclusions for expenditures, including capitalization and general ledger allocation of plant and fixed asset costs. A critical aspect of this role is managing the company's fixed assets register, ensuring accurate classification, support, and timely placement of assets in service.

Responsibilities

• Partner with project controllers, procurement, accounts payable, and other stakeholders to review project spend for proper capitalization treatment under company policy
• Maintain complete supporting documentation for capitalization conclusions, asset records, depreciation, and disposals in accordance with accounting policy and internal controls
• Support internal and external audits by providing fixed asset schedules, transaction support, control evidence, and timely responses to inquiries
• Partner with project controllers, procurement, and accounts payable to confirm asset descriptions, ownership, location, useful life, cost center, and placed-in-service status
• Align with project team for single source of truth related to capital project portfolio reporting as empowering projects teams to focus on progressing their projects
• Manage the capital project lifecycle, including additions, transfers, placed-in-service dates, disposals, retirements, and other changes to the fixed asset register
• Monitor construction-in-progress balances and coordinate the timely transfer of completed projects into the appropriate fixed asset categories
• Run monthly depreciation, validate system calculations, and prepare or post the related journal entries as part of the month-end close
• Reconcile the fixed asset subledger to the general ledger each month and research and resolve reconciling items promptly
• Prepare fixed asset journal entries for additions, transfers, disposals, impairments, reclassifications, and other required adjustments
• Prepare monthly and quarterly fixed asset roll-forwards, capital expenditure schedules, and related financial reporting support
• Coordinate periodic physical inventories and asset verification procedures and investigate identified discrepancies
• Identify opportunities to improve and automate fixed asset accounting, capitalization review, reconciliation, and reporting processes
• Support other accounting responsibilities and special projects as assigned as the Company's operations and asset base continue to grow

Requirements

• Bachelor's degree in accounting, finance, or a related field