Cost Accountant

Date Posted	August 18, 2025
Industry	General Accounting
Job Status	Full-time
Salary	Not Specified
Website	https://libman.com/

Description:

**MONDAY-FRIDAY; LOCATED IN ARCOLA, IL -ONSITE REQUIRED**

Shift: M-F 8a-4:30p

SUMMARY

Responsible for assigning inventory numbers, creating costing bills of material, calculating unit costs for material and freight, as well as prepare inventory costs for analysis. Prepare, analyze and review inventory costing sheets to be used for book and income tax reporting and setting unit sales prices.

PRIMARY RESPONSIBILITIES

Process and develop routings for rework or display production

Compute and update material costs in a cost element program daily based on:

Actual prices from supplier invoices

Allocation of domestic freight charges

Allocation of international freight charges including duties and customs charges

Any additional adjustments for discounts, tooling expenses, etc.

Assign item numbers for inventory items and set up finished goods and made in items in the ERP system

Set up bill of materials for racking kits and enter sales comments describing components for pick ticket and sales orders

Update Inventory Costing Sheets by:

Calculating material, labor, and overhead costs for injection, extrusions, and assembly

Verifying proper assets costs are being used for calculation

Analyzing the change in unit cost since the last calculation

Reporting the details in gross margin and selling, general & administrative costs

Verify all items in system have a standard cost on weekly and monthly basis

Assist in inventory discrepancies resolution related to production reporting errors, BOM errors, Syspro issues, etc.

Perform receipts and review discrepancies for outside warehouse transfers

Prepare, review, and analyze physical inventory:

Participate in meetings leading up to physical inventory as well as the inventory count take itself

Review issues that occurred in the prior physical and develop improvements

Audit standard box counts for this year and compare to prior year. Request second count on any unexplained material variances

Review physical counts being reported for strange amounts, incorrect part numbers or unusual pack sizes

Cost Raw Components and update unit costs for new standards

Update and analyze costing bills of material to production bills of material

Assist with Month end Close Process related to inventory:

Verify that all inventory has positive balances

Calculate, review, and post monthly inventory entries

Review for any other transactions needed in other Libman companies

Other duties as assigned

ADDITIONAL RESPONSIBILITIES

Maintain costing file on items both electronic and hard copy

Shred documents

KNOWLEDGE AND SKILL REQUIREMENTS

Bachelor’s degree in accounting or related field with five years of daily cost accounting experience

Strong organization skills with the ability to multitask

Knowledge of generally accepted accounting rules

Knowledge of income tax basis rules

Working knowledge of freight costing including customs and duties

Knowledge of Microsoft Office

Able to operate following office machines

Adding machine

Copy machine

Computer

Scanner

Printer

PHYSICAL DEMANDS

Must be able to work at a computer for long periods of time. Must be able to lift 15-20 pounds occasionally.

WORKING CONDITIONS

**MONDAY-FRIDAY; LOCATED IN ARCOLA, IL -ONSITE REQUIRED**

Working conditions are normal for an office environment. Work requires extensive work using a computer. Responsibilities may require evening and weekend work in response to work load.

SPECIAL REQUIREMENTS

Must pass:

Pre-employment drug screen and physical

Background check

Apply

https://libman.com/node/200353