Cost Accountant II

Ingersoll Rand
Southern Pines, NC Full Time
POSTED ON 12/27/2022 CLOSED ON 10/8/2023

What are the responsibilities and job description for the Cost Accountant II position at Ingersoll Rand?

Location: Southern Pines, NC, US, 28387
Req ID: 4040


Ingersoll Rand is committed to achieving workforce diversity reflective of our communities. We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to age, ancestry, color, family or medical care leave, gender identity or expression, genetic information, marital status, medical condition, national origin, physical or mental disability, political affiliation, protected veteran status, race, religion, sex (including pregnancy), sexual orientation, or any other characteristic protected by applicable laws, regulations and ordinances.

Job Title: Cost Accountant

Reports To: Plant Controller

Location: Southern Pines, NC

FLSA Status: Exempt


Position Summary: The Cost Accountant is responsible for supporting the controller during monthly, quarterly and year end close, preparing journal entries and monthly account reconciliations, publish operational & financial performance reports and assist with physical inventory and other inventory control processes. This role will also have opportunities to drive a better understanding of operational results, improve product/operational costs, and participate in division wide initiatives.

Responsibilities:

  • Update product standard cost (new products and product cost maintenance) for parts produces and sourced in Southern Pines, NC
  • Support controller in the annual cost role process
  • Ad Hoc analysis (comparative analysis) for product families and across product lines
  • Review and analyze cost variances (PPV, Usage Variances, etc.) for monthly reporting and overall improvement of standard costing
  • Prepare Journal Entries for month end close
  • Prepare monthly account reconciliations
  • Publish regular reports for operational & financial performance (metrics/results) in a timely manner with zero defects
  • Assist in annual physical inventory processes (documentation for PI exemption, PI counts and audits, or other cycle count tracking activities)
  • Monitor processes and controls relating to inventory transactions and reporting failures and areas for improvement
  • Provide support for process improvement and product development teams
  • Support Sarbanes-Oxley compliance and internal/external auditors
  • Provide routine and ad hoc analysis and reports related to inventory, standard costs, and product and process costing


Qualifications:

  • Bachelor’s Degree in Accounting, Finance, Economics and/or equivalent qualifications with 1 Years of Manufacturing Cost Accounting experience.
  • Ability to use or learn Oracle R12, MFG Pro, and other ERP systems.
  • Experience with Hyperion Consolidation tools a plus.
  • Experience with US GAAP and SOX preferred
  • Very proficient in Excel, strong working knowledge of other Office programs (PowerPoint, Word, etc)
  • Exceptional analytical skills
  • Ability to manage multiple critical projects in a fast paced environment
  • Ability to work well in a cross-functional environment
  • Excellent communication skills, both written and spoken
  • Must work well with internal and external customers


SAFETY REQUIREMENTS: While performing the duties of this job, the employee must wear OSHA approved safety glasses, safety shoes (steel toe) and hearing protection entering the manufacturing and warehouse area. The following is a summary of the Job Safety Analysis (JSA) that was performed for this job.


  • Hazard communication, fire safety, Personnel Protective Equipment (PPE), & detailed JSA training will be reviewed before any job assignment.
  • The JSA describes identified hazards and what protection the employee must take to protect himself from injury.

PHYSICAL DEMANDS: The physical demands described here are representative of those that an employee must meet to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.


  • While performing the duties of this job, the employee is regularly required to walk and stand; use hands to finger, handle, or feel; reach with hands and arms; and talk or hear
  • The employee is occasionally required to sit and climb or balance
  • Repetitive motion of hands and shoulders
  • The employee may be required to lift more than 35 pounds and must get assistance by using a material handling device or get assistance from other employees
  • Some exposures to chemicals
  • Capable and willing to crawl, crouch, lay prone and work within tight areas
  • Specific vision abilities required by this job include close vision, distance vision, the ability to adjust focus, and depth perception
  • Use of telephone, computer, radios, paging systems and other communication devices as needed

WORK ENVIRONMENT: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.


  • While performing the duties of this job, the employee is frequently exposed to moving mechanical parts, toxic or caustic chemicals, airborne particles and vibration from hammering of parts and using hand tools
  • Since it is a manufacturing environment, the noise level is usually loud due to the different machinery being operated (i.e. forklifts, hand tools, machines in other departments) and the testing that occurs. Normal noise exposure in the area ranges from 80-90 dba; hearing protection is required while on the plant floor

Ingersoll Rand Inc. (NYSE:IR), driven by an entrepreneurial spirit and ownership mindset, is dedicated to helping make life better for our employees, customers and communities. Customers lean on us for our technology-driven excellence in mission-critical flow creation and industrial solutions across 40 respected brands where our products and services excel in the most complex and harsh conditions. Our employees develop customers for life through their daily commitment to expertise, productivity and efficiency.

Salary : $61,500 - $77,900

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