Cost Accountant

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Job Summary:

We are seeking a detail-oriented and analytical Cost Accountant to join our team. This role involves designing and implementing a pricing structure, leveraging existing databases to develop strategic pricing models, and establishing processes for ongoing updates to purchasing and pricing frameworks. The ideal candidate will have strong problem-solving skills, data interpretation capabilities, and the ability to drive pricing strategies that optimize revenue, purchasing decisions, and customer engagement.

In addition, this role will be responsible for cost accounting functions, including margin analysis, standard cost development, and standard rate builds to support accurate financial reporting and operational efficiency.

Key Responsibilities:

• Develop and implement a pricing structure that aligns with business objectives and market trends.
• Utilize existing databases to create dynamic pricing models that optimize profitability and efficiency.
• Design processes to regularly update pricing and purchasing models, ensuring consistency and adaptability to market fluctuations.
• Analyze pricing data from industry standards, historical sales trends, competitors, and purchasing costs to provide actionable insights to decision-makers.
• Identify marketing and purchasing strategies aimed at increasing profitability.
• Develop measurement tools to track evolving market trends and purchasing price fluctuations.
• Determine appropriate sales and clearance pricing to boost customer traffic and maximize purchasing efficiency.
• Compare current sales trends and purchasing costs to previous periods and assess underlying causes for increases or decreases.
• Perform cost accounting activities, including tracking and analyzing material, labor, and overhead costs.
• Conduct margin analysis to evaluate product profitability and support pricing and purchasing decisions.
• Build and maintain standard cost rates for labor, materials, and overhead, ensuring alignment with operational and financial goals.
• Collaborate with finance, operations, and procurement teams to ensure accurate cost allocations and reporting.

Qualifications & Skills:

• Analytical Thinking: Strong ability to interpret pricing, purchasing, cost, and sales data.
• Communication: Excellent verbal and written communication skills to collaborate with procurement, store associates, office staff, and executives.
• Detail-Oriented: High accuracy in handling large sets of pricing, purchasing, and cost data.
• Problem-Solving: Ability to identify trends in declining sales, inefficient purchasing decisions, or cost variances and develop strategies for improvement.

Preferred Qualifications:

• Bachelor’s degree in Business, Finance, Accounting, Economics, Statistics, Supply Chain Management, or a related field.
• Experience working with pricing structures, predictive pricing models, purchasing analytics, cost accounting, and business intelligence software.
• Familiarity with ERP systems and financial reporting tools.

If you're passionate about building and optimizing pricing and cost strategies, we'd love to hear from you! Apply today and be a part of our dynamic team.

Job Type: Full-time

Pay: $70,000.00 - $80,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Vision insurance

Schedule:

• Day shift

Experience:

• Cost accounting: 2 years (Required)

Ability to Commute:

• The Woodlands, TX 77381 (Required)

Work Location: In person