Cost Accountant - Chroma Technology Corp

• Client: Chroma Technology Corp
• Position Title: Cost Accountant
• Website: https://www.chroma.com/
• Location for the Position: Bellows Falls, Vermont

About Chroma:

Founded in 1991 and headquartered in Bellows Falls, Vermont, Chroma Technology Corp is a leading global manufacturer of precision optical filters, serving industries such as aerospace, life sciences, astronomy, and industrial applications. We are proud to be a 100% employee-owned company and a Certified B Corp.

Every member of our enterprise shares in the responsibilities and rewards of our endeavors. Our commitment extends to scientific advancement, community upliftment, and the well-being of our people.

Your Impact:  

The Cost Accountant plays a crucial role in analyzing and managing the company's costs, ensuring accurate financial reporting, and identifying opportunities for cost reduction and efficiency improvement. This position is responsible for the preparation, analysis, and reporting of cost data for both Chroma and our subsidiary, 89 North Inc., assisting management in making informed business decisions. Key responsibilities include developing cost standards, implementing cost systems, and ensuring the accuracy of financial records.

This role requires collaboration with various departments across the organization, including our subsidiary, 89 North Inc., to ensure accurate inventory records, explain and document variances, and identify and eliminate areas of waste.

Primary Responsibilities:  

• Develop, implement and maintain cost accounting systems, procedures and records
• Develop and maintain standard costs for manufactured and purchased items
• Calculate direct labor and overhead rates by work center
• Cost all jobs to determine profitability and ensure accurate pricing
• Prepare and analyze cost reports, identifying and researching trends and variances 
• Identify areas for cost reduction and work with the appropriate people to develop strategies and procedures to control those areas
• Ensure accurate cost allocation
• Provide detailed cost information to management for decision-making
• Analyze financial performance and profitability of products
• Analyze yield to optimize production efficiency
• Support Sales in determining proper pricing to maintain competitive and healthy profit margins
• Prepare inventory valuation and ensure inventory records are accurate and complete
• Assist in preparation of annual budgets and financial forecast
• Ensure compliance with accounting standards and internal control procedures
• Perform ad-hoc analysis and reporting as needed
• Monthly bank reconciliation
• Month end close for subsidiary 89 North, Inc including allocations, accruals, sales tax and financial statements

Additional Job Responsibilities for All Employees-Owners:

• Protect the company by adhering to standards and procedures, participating in safety and security training, being diligent about the handling of company data, and reporting all safety and security concerns
• Learn and keep yourself informed by asking questions and attending Company meetings, Board meetings, reading corporate emails and communication
• Adopt an entrepreneurial attitude to help ensure the Company's success, including innovation, customer focus, problem solving, cost containment and commitment to quality
• Adhere to all other responsibilities as defined in the Rights and Responsibilities for All Employee Owners at Chroma Technology found in the Employee Handbook 

Ideal Experience:  

• Minimum five years of cost accounting experience, preferably in manufacturing
• Expert-level proficiency in Microsoft Excel
• SQL knowledge
• Strong ability to analyze and resolve problems
• Report writing experience
• Excellent attention to detail and follow-through on projects
• Ability to organize projects and work independently
• Self-starter, detail oriented, independent worker
• Ability to organize and manage multiple priorities
• Ability to work effectively with all individuals/groups within the organization
• Excellent interpersonal skills

Benefits and Perks:

Health & Wellness:

• Medical, Dental, Vision Insurance: Employer-provided, no-deductible coverage; Chroma pays the majority of premiums and covered costs
• FSA and Employee Assistance Program
• Wellness Reimbursement
• Registered nurse onsite at Bellows Falls location as well as weekly on-site massage therapy

Time Off:

• Generous paid time off includes 80 hours of vacation time, 80 hours of sick/personal time, and 10 paid holidays in an employee’s first year
• Additional leave: parental leave, bereavement leave, and short- and long-term disability for qualified employees
• Sabbatical program

Retirement & Financial Benefits:

• 401(k) plan with company contributions
• Cash profit sharing and stock profit sharing

Professional Development:

• Education assistance and professional development opportunities

Physical Demands:

• Enter data into computer systems and/or produce documents, typically utilizing a computer keyboard
• Close vision for computer work
• Communicate with (specify internal/external customers and/or vendors) utilizing phone
• Regular, predictable attendance to ensure availability to (internal customers, external customers, and/or direct reports)
• Ability to sit and/or stand at work station for extended periods of time

#Chroma

Gallagher, Flynn, & Company, LLP has been retained to conduct this search. Interested candidates may apply through application link hosted by Workable. While we appreciate all interest in this opportunity, only candidates most closely aligned with our search will be contacted.

Disclaimer: What's listed above is representative of the responsibilities of the position but is not meant to be an exhaustive list. Responsibilities may change during employment at the company's discretion. Gallagher, Flynn and Company and our client do not discriminate in employment based on race, color, religion, sex (including pregnancy and gender identity), national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, membership in an employee organization, retaliation, parental status, military service, or other non-merit factors.