Cost Accountant - Hayward Tyler

• Client: Hayward Tyler
• Job Title: Cost Accountant
• Website: https://haywardtyler.com/
• Location: Colchester, VT

About Hayward Tyler

Hayward Tyler designs, manufactures, and services performance-critical electric motors and pumps for the global energy and chemical industries, as both an OEM supplier and trusted partner. At Hayward Tyler, you'll be both challenged and supported, working on exciting projects and growing your skills alongside industry experts. We pride ourselves on creating a welcoming environment where the brightest minds use the latest analysis tools to tackle tough challenges. Join us to be part of a profitable company with a long history and a global reputation for innovation, quality, and reliability, all while enjoying the beauty of the Burlington, VT area.

The Role

The Cost Accountant is responsible for overseeing all aspects of cost accounting and inventory management within the organization's manufacturing operations, for both government contracts under FAR (Federal Acquisition Regulation) standards and standard fixed-price contracts under standard accounting practices. Working closely with the Senior Financial Analyst, the Cost Accountant will play a key role in analyzing and reporting on costs, margins, and inventory data to support strategic decision-making. The primary duties and responsibilities include:

Cost Accounting

• Analyze and report on product costs, including materials, labor, and overhead, ensuring accuracy and compliance with relevant contract specifications and accounting standards.
• Monitor and report on variances between standard costs and actual costs for all types of contracts, identifying and addressing discrepancies as needed.
• Assist in the development and maintenance of standard cost systems for inventory valuation and product costing, aligning with contract requirements and accounting best practices.
• Collaborate with cross-functional teams to ensure accurate cost allocations and accounting treatments for various contract types and business operations.

Inventory Management

• Coordinate and conduct physical inventory counts and cycle counts to ensure accurate inventory records across all contract types and business units.
• Investigate and resolve discrepancies in inventory counts, proposing adjustments as necessary to maintain integrity of financial reporting.
• Review and update average costs in the bill of materials and inventory registry to reflect current pricing and cost trends for all contracts and product lines.
• Analyze inventory aging and assess provision calculations for accuracy, adjusting as needed to reflect business realities and contract obligations.
• Work with relevant stakeholders to identify and dispose of obsolete inventory in accordance with contractual requirements and accounting principles.

Analysis and Reporting

• Analyze financial data and performance metrics related to cost of goods sold, inventory, and contract activities, providing insights to support decision-making and strategic planning efforts.
• Prepare ad hoc reports and analyses to address specific business needs and inquiries, demonstrating agility and responsiveness to evolving requirements.
• Collaborate with the Senior Financial Analyst to reconcile balance sheet and P&L accounts, ensuring accuracy and completeness of financial statements and regulatory filings.
• Utilize ERP and CRM systems to extract and analyze data and identify trends for cost optimization.

Minimum Qualifications/Winning Attributes

• Bachelor’s degree in Accounting, Finance, Business Administration, or related field.
• Proficiency in Microsoft Excel, PowerPoint, and other productivity software.
• Strong analytical skills and attention to detail, with the ability to interpret and communicate complex financial information effectively.
• Previous experience in cost accounting, manufacturing operations, or related fields, with exposure to government contracts, fixed-price contracts, and standard accounting practices preferred.
• Familiarity with ERP systems and inventory management software, with the ability to adapt to different platforms and reporting requirements.
• Ability to work independently and collaboratively in a fast-paced, dynamic environment, prioritizing tasks and meeting deadlines with minimal supervision.
• Strong interpersonal skills and a commitment to building positive relationships with colleagues and stakeholders at all levels of the organization.

Additional Requirements

• Experience with contracts through the Department of Energy (DOE) or other government agencies is a plus.
• A willingness to work extended hours and travel domestically or internationally as needed to support inventory management and contract activities.
• High professional standards of accuracy, completeness, and timeliness in all work activities, with a focus on delivering high-quality results under tight deadlines.
• Excellent communication and interpersonal skills, with the ability to convey complex concepts and recommendations to diverse audiences in a clear and concise manner.

Hayward Tyler is committed to being an employer of choice, and is dedicated to the health and wellbeing of our employees.

We believe that a strong and healthy employee benefits package makes for strong, healthy (and happy!) employees. We are proud to offer a full range of benefits, including:

• Medical plans – 2 options to choose from, a high-deductible health plan and open access plus plan
• Health Savings Account (HSA) available with generous company funding
• Dental Insurance
• Vision Insurance
• Flexible Spending Accounts
• Short and long term disability coverage
• Life, AD&D insurance
• Travel insurance
• Travel Assist Program
• 401(k) program with employer matching funds
• EAP program
• Free gym membership
• Wellness reimbursement of $100 annually
• Education reimbursement up to $10,000 per year
• 11 paid company holidays
• Generous paid time off
• Costco membership reimbursement
• Company parties, outings, season tickets for local UVM hockey games, movie passes, Vermont State Parks day-use passes, etc.
• Profit sharing plan

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Gallagher, Flynn, & Company, LLP has been retained to conduct this search. 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 clients 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.