Senior Financial Analyst, Manufacturing
11 days ago
Minneapolis
Job Description Johnson Screens is recognized worldwide as a pioneering provider of custom screening and separation solutions and stands out for its commitment to continuous innovation and industry leadership. With over a century of expertise, Johnson Screens has played a crucial role in making manufacturing processes cleaner and safer, and its products are embedded in essential systems from water purification to environmental protection, ensuring communities have access to clean resources and safer surroundings. The company’s legacy is built on a foundation of collaboration, integrity, and results, guiding its team to deliver excellence and protect natural resources for generations to come. What makes Johnson Screens an exceptional workplace is its dedication to fostering open-mindedness, confidence, and professional growth, empowering individuals to contribute bold ideas, challenge conventions, and achieve meaningful results. Employees benefit from a supportive, collaborative culture where their voices matter and personal development is truly valued. Joining Johnson Screens means being part of a passionate, purpose-driven team that shapes innovative solutions and helps address real world challenges every day. Position Summary The Senior Cost Accountant plays a key role in managing cost planning, budget performance, variance analysis, and inventory control in a manufacturing environment. This position ensures accurate cost accounting, supports operational efficiency, and provides financial insights that drive profitability. Collaborating across operations, supply chain, procurement, and finance, the Senior Cost Accountant identifies cost drivers, optimizes resource utilization, and supports data-driven decision-making. Essential Responsibilities Budgeting & Cost Planning • Develop, manage, and monitor manufacturing cost budgets., • Prepare detailed cost estimates for materials, labor, and overhead allocations., • Forecast production costs and adjust budgets in response to fluctuations in demand, pricing, or resources. Cost Control & Performance Monitoring • Track and analyze actual production costs versus standards and budgets., • Investigate and explain variances in material usage, labor efficiency, and overhead absorption., • Recommend corrective actions and collaborate with operations to improve cost efficiency. Inventory & Materials Management • Oversee accurate valuation of raw materials, WIP, and finished goods inventories., • Monitor inventory turnover, obsolescence, and scrap; propose measures to minimize waste and carrying costs., • Partner with procurement and supply chain teams to evaluate supplier pricing, lead times, and cost impact., • Implement and maintain effective inventory costing methods (standard, FIFO, LIFO, weighted average)., • Establish and maintain standardized procedures for cycle counting and reconciliation. Reporting & Financial Analysis • Prepare and present reports on production costs, inventory levels, and cost variances., • Deliver insights on cost trends and operational efficiency to support business decisions., • Contribute to capital project evaluations through cost-benefit and ROI analyses. Cross-Functional Collaboration • Partner with procurement on cost-effective sourcing strategies., • Coordinate with supply chain to align production schedules and inventory goals., • Provide cost data and analysis to support operations, engineering, and leadership. Risk Management & Compliance • Maintain accurate and compliant cost records aligned with GAAP/IFRS standards., • Identify and assess risks related to inventory, supply chain disruptions, and production costs., • Ensure adherence to internal controls, policies, and regulatory requirements. Qualifications • Bachelor’s degree in Accounting, Finance, Industrial Engineering, or related field; CMA, CPA, or CIMA preferred., • In-depth knowledge of cost accounting principles, inventory control, and production processes., • Proficiency with ERP systems; SAP experience strongly preferred., • Advanced Excel and financial modeling capability., • Strong analytical, communication, and cross-functional collaboration skills.