Cost Accountant

We're Watts. Together, we're reimagining the future of water.

We feel proud every day about what we do. We're all part of the same crucial mission, no matter what function we support -- it's to provide safe, clean water for the world, and to protect our planet's most valuable resource.

What we do:

For 150 years, Watts has built best-in-class products that are trusted bycustomers in residential and commercial settings across the world.We areat theforefront of innovation, working with cutting-edge technology to provide smart andconnected, sustainable water solutions for the future. Watts is a leading brand with aquality reputation - and we have a dynamic future ahead.

Reporting to the Controller, the Cost Accountant is responsible for analyzing and managing production costs to ensure operational efficiency and financial profitability. The Cost Accountant will monitor and report on costs related to materials, labor, and overhead, providing detailed variance analysis and insights for decision-making. This role also involves maintaining accurate inventory valuations, preparing budgets, and supporting cost-saving initiatives. The Cost Accountant will collaborate across teams to optimize processes and ensures compliance with internal controls and financial regulations.

PRINCIPAL RESPONSIBILITIES AND DUTIES:

• Perform detailed analysis of production costs, including materials, labor, and overhead, and compare them to standard costs or budgets.
• Identify, investigate, and explain variances between actual costs and standard costs, providing actionable insights to management.
• Oversee inventory accounting, ensuring accurate valuations of raw materials, work-in-progress, and finished goods while reconciling discrepancies.
• Establish and maintain standard cost systems, updating them to reflect changes in production methods or market conditions.
• Generate periodic cost reports that track trends, highlight variances, and assess the impact on financial performance.
• Collaborate with leadership to develop cost budgets and forecasts, ensuring alignment with company objectives.
• Work closely with production teams to identify inefficiencies and recommend process improvements to reduce costs and enhance profitability.
• Maintain compliance with financial regulations and provide support during internal or external audits by preparing accurate cost-related documentation.
• Offer cost insights to management for decisions related to pricing, resource allocation, and operational strategies.
• Coordinate inventory cycle count program, audit results, and ensure overall program compliance
• Provide support for the Site's Inventory reporting requirements and reduction efforts
• Perform month end financial close process for manufacturing operations such as month end journal entries and reconciliations

EDUCATION: BS/BA in Accounting or Finance.

EXPERIENCE:

• 5+ years of professional accounting experience, preferably with a focus on cost accounting or financial analysis.
• Previous work experience in a manufacturing or production environment is required.
• Proficiency in cost analysis, variance analysis, standard costing, and inventory reconciliation.
• Familiarity with manufacturing processes and cost drivers, including raw materials, work-in-progress, and finished goods.
• Familiarity with IT systems as they relate to financial functions and operational areas.
• Microsoft office skills, particularly strong in Excel.
• Experience supporting internal or external audits, particularly in cost-related areas.
• Proven ability to collaborate effectively with cross-functional teams, including finance, operations, and management.

MANAGEMENT/SUPERVISION:

• No Direct Reports

PHYSICAL REQUIREMENTS:

While performing the duties of this job, the employee is frequently required to walk, talk, and/or hear. The employee is occasionally required to stand, sit, and use hands to finger, handle, or feel. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include: close vision, color vision, peripheral vision, depth perception and ability to adjust focus.

WORK ENVIRONMENT:

• Work in office environment
• May occasionally be required to perform job duties outside the manufacturing setting.

Watts is committed to equal employment opportunity. We follow a policy of administering all employment decisions and personnel actions without regard to race, color, religion, creed, sex, pregnancy, national origin, sexual orientation, age, physical or mental disability, genetic disposition or carrier status, marital status, military or veteran status, minorities, or any other category protected under applicable federal, state, or local law. Consistent with the obligations of state and federal law, Watts will make reasonable accommodations for qualified individuals with disabilities. Any employee who needs a reasonable accommodation should contact Human Resources.

Watts in it for you:

Please note that the following benefits apply only to permanent roles and do not apply to internship roles.

• Competitive compensation based on your skills, qualifications and experience
• Comprehensive medical and dental coverage, retirement benefits
• Family building benefits, including paid maternity/paternity leave
• 10 paid holidays and Paid Time Off
• Continued professional development opportunities and educational reimbursement
• Additional perks such as fitness reimbursements and employee discount programs
• Learn more about our benefit offerings here: https://tapintowattsbenefits.com/

How we work:

At Watts, our culture is team-oriented and supportive. Employees here genuinely care about the quality of their work, and about each other. Our people are the heart of who we are and contribute to our longevity and continued success.

And this is a place where you can have a big career. No matter your role, there are opportunities for learning and development, and your daily contributions make a meaningful impact on the lives of people who use our products and on the future of water.

Watts is committed to equal employment opportunity. We follow a policy of administering all employment decisions and personnel actions without regard to race, color, religion, creed, sex, pregnancy, national origin, sexual orientation, age, physical or mental disability, genetic disposition or carrier status, marital status, military or veteran status, minorities, or any other category protected under applicable federal, state, or local law. Consistent with the obligations of state and federal law, Watts will make reasonable accommodations for qualified individuals with disabilities. Any employee who needs a reasonable accommodation should contact Human Resources.