Absorption Jobs (NOW HIRING)

Cost Accounting Analyst – Accounting and Finance

On-Site Location: Positions in North Phoenix and Tempe

Requirement: Must be a US Citizen or Permanent Resident due to ITAR requirements

Classification: Full Time, exempt

Industry: Aerospace & Defense Manufacturing

Position Overview

We seek a highly analytical and operationally engaged Cost Accounting Analyst to support our manufacturing locations in North Phoenix and Tempe area. This role is a hybrid between cost accounting and financial planning & analysis, combining strong technical accounting capabilities, with analytic skills, and forward-looking financial insight.

This individual will be a business partner with plant leadership to assist in making informed decisions about pricing, operational efficiency and product profitability. The role requires someone comfortable booking journal entries, explaining standard vs. actual variances, analyzing SKU-level margins, reporting financial results to management, and building budgets and forecasts.

The position requires daily in-office presence.

Key Responsibilities

Cost Accounting & Technical Accounting

• Maintain and enhance standard costing systems (labor, overhead, material standards).
• Ensure inventory accuracy and cost integrity in the ERP system.
• Analyze and report on standard vs. actual variances (labor, material, overhead, purchase price, absorption, mix/volume).
• Prepare and post journal entries for inventory, reserves, accruals, and cost allocations.
• Partner with operations to review BOMs, routings, and cost drivers for accuracy.

Operational Finance

• Perform daily / weekly SKU-level margin analysis to identify pricing, mix, scrap, labor efficiency, and overhead absorption issues.
• Monitor KPIs including gross margin, absorption, labor efficiency, scrap, and PPV.
• Develop actionable insights and recommendations to improve margins and working capital.
• Create and maintain financial models to support operational and pricing decisions.
• Support annual budgeting and periodic forecasting processes.

Business Partnership

• Act as a financial advisor to site managers and the CFO.
• Translate financial results into operational language and actionable next steps.
• Proactively identify / communicate areas of margin erosion or cost leakage.
• Participate in operational meetings and drive accountability through data.

What Success Looks Like

• Variance analysis is timely, clear, and drives action.
• SKU margin visibility improves pricing discipline and cost management.
• Standards are accurate and reflect operational reality.
• Operations leaders view finance as a value-added partner, not just a reporting function.
• Plan vs. actual gaps are identified early and addressed proactively.

Qualifications

Required

• Bachelor’s degree in accounting or finance.
• 3+ years of experience in cost accounting within a manufacturing environment.
• Strong understanding of:
  • Standard and absorption costing
  • Variance analysis
  • Manufacturing overhead allocation
  • Inventory accounting
• Experience preparing and posting journal entries.
• Advanced Excel skills (pivot tables, lookups, financial modeling).
• Qualitative and quantitative analytic skills.
• Strong communication skills — able to explain financial results to non-financial stakeholders.

A plus

• Experience in aerospace, defense, precision machining, or discrete manufacturing.
• CMA or CPA certification.
• ERP experience in a manufacturing system.

Competencies & Traits

• Highly analytical with strong attention to detail.
• Comfortable working in both accounting and forward-looking planning environments.
• Naturally curious — asks “why” and digs into root causes.
• Operationally minded and business-oriented.
• Self-starter who thrives in a hands-on manufacturing environment.
• Comfortable challenging assumptions.
• Able to toggle between tactical execution (journal entries) and strategic analysis (margin improvement).

Why This Role Matters

This position sits at the intersection of accounting discipline and operational performance. It is critical to ensure cost integrity, increase product margins, and provide financial visibility across manufacturing sites and the business in general. The successful candidate will directly influence profitability and serve as a trusted financial partner site management and business finance leadership.

THE ABOVE JOB DESCRIPTION REFLECTS THE GENERAL DETAILS CONSIDERED NECESSARY TO DESCRIBE THE PRINCIPAL FUNCTIONS OF THE JOB IDENTIFIED. IT IS NOT TO BE CONSTRUED AS A DETAILED SUMMARY OF ALL THE WORK REQUIREMENTS THAT MAY BE INHERENT IN THE JOB, AND MAY BE REVISED FROM TIME TO TIME.

Team oriented company with top paying wages and benefits in the valley in regards to the Aerospace Industry. To qualify for consideration, all candidates must be able to work 40+ hours per week in a fast paced, high-demand, quality environment. All candidates must also have sufficient verbal and written communication skills as well as good problem solving skills.

CMI Group is equal opportunity employer providing competitive wages and benefits. Medical, dental, vision, disability and life insurance available. 401(k) with company match.

This is an equal opportunity employer and will not discriminate against any employee or applicant due to age, race, disability, veteran status, religion, sexual orientation, gender or any other protected classification. VEVRAA federal subcontractor. This company provides provide equal employment opportunities to applicants without regard to race, color, religion, gender, age, national origin, or disabilities in compliance with federal and state laws including:

• The Civil Rights Act of 1964 as Amended
• Age Discrimination Act of 1967 as Amended
• Rehabilitation Act of 1973
• Vietnam Era Veterans Readjustment Act of 1974
• Americans with Disabilities Act Amendment Act of 2009 (ADAAA)
• The Wagner-Peyser Act as Amended.
• The Workforce Innovation and Opportunity Act
• Fair Credit Reporting Act, 15 U.S.C. 1681 et seq