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Cost Accountant

Company Description

Smiths Interconnect is a leading provider of technically differentiated electronic components, subsystems, microwave and radio frequency products that ensure high speed, secure connectivity of critical applications in the defence, aerospace, communications and industrial markets. Our microwave technology is used in radar, communication and surveillance systems that are mission-critical and operate in extreme environments in aerospace and defence. Our microwave components and connectors ensure optimal performance, durability and safety of space satellites. Our semi-conductor test products are used to test highly sophisticated semi-conductors and electronic circuits in communication systems, gaming products and computing devices. Our in-flight antenna systems give passengers internet connectivity gate-to-gate on planes around the world. Our connector and cable solutions ensure reliability of critical medical equipment, and safe operation of trains and transport systems.One of five divisions of Smiths Group, Smiths Interconnect employs over 2000 people. We have a global presence selling our products in over 50 countries with manufacturing facilities in nine countries and offices across North America, Europe and Asia.

Job Description

The Cost Accountant is responsible for providing comprehensive financial support to several departments across SII.  The position is responsible for the accurate and timely reporting of results through balance sheet integrity and providing a rigorous control environment.  Responsibilities include month-end closing, cost accounting, financial reporting, variance analysis, internal controls compliance and balance sheet management.  

Responsibilities:

  • Performs key activities for the month end close in line with the financial calendar & reporting guidelines.
  • Generate monthly inventory reconciliations, inventory profiling to avoid over procurement, driving accuracy through management of the cycle count process, ensuring accurate recording, and understanding of inventory issues, scrap, and obsolete items.
  • Ensure sound financial control procedures exist throughout the manufacturing site, conduct inventory audits and revise procedures as required.  Maintain knowledge of the latest accounting policies, practices, and procedures to ensure full integrity and compliance of financials.
  • Control and maintenance of overhead rate structure, support the annual rates review and track against actuals.
  • Prepare relevant journal entries, analyse, and adjust accruals as needed, perform account analysis on various balance sheet and P&L accounts.
  • Maintain and update Project Sales and Cost of Sales files to support the monthly process for reporting revenue and cost of sales.
  • Support SII with actual cost data for projects and/or production items to include hours per unit (HPUs) as required.
  • Support external and internal audit requests.
  • Assist with developing and implementing process improvements.
  • Perform other general accounting projects and tasks as assigned.

Qualifications

Technical Knowledge, Skills and Abilities:

  • Knowledge of accounting principles including GAAP and IRFS.
  • Must have excellent PC skills to include advanced command of MS Excel and competence in word.
  • Ability to simultaneously manage several objectives and prioritize as needed.
  • Detailed oriented and strong analytical skills.
  • Excellent verbal and written communication skills.
  • Strong organizational skills and ability to multi-task.
  • Ability to work effectively under pressure to meet deadlines.
  • Ability to work independently.
  • Possess a positive attitude, hands on personality, and a desire to work with other people in multiple departments.
  • Demonstrated ability to learn new software as required, familiarity with Oracle a plus.
  • Ability to effectively present complex topics to division management and senior management

Experience:  Minimum of five (5) years of business experience; public accounting experience highly desirable. Experience in manufacturing business for both government and commercial customers a plus.

Education:  Bachelor’s degree in accounting, Economics or related field required.

Security: U.S. Person required (U.S. Citizen or Permanent Resident). May be required to obtain a clearance.

Additional Information

Why Smiths Interconnect?

  • Global Impact: As part of Smiths Group, a global engineering leader, you’ll be working on ground-breaking technologies that make a difference in industries that are shaping the future.
  • Career Growth: Opportunities for professional development and career progression across Smiths Interconnect and the wider Smiths Group.
  • Innovative Culture: Join a collaborative and innovative team, where your ideas and contributions are valued and rewarded.
  • Competitive Package: We offer a competitive salary, benefits package, and performance-related incentives.

We believe that different perspectives and backgrounds are what make a company flourish. All qualified applicants will receive equal consideration for employment regardless of race, colour, religion, sex, sexual orientation, gender identity, national origin, economic status, disability, age, or any other legally protected characteristics. We are proud to be an inclusive company with values grounded in equality and ethics, where we celebrate, support, and embrace diversity.

At no time during the hiring process will Smiths Group, nor any of our recruitment partners ever request payment to enable participation – including, but not limited to, interviews or testing. Avoid fraudulent requests by applying jobs directly through our career’s website (Careers - Smiths Group plc)

We believe that different perspectives and backgrounds are what make a company flourish. All qualified applicants will receive equal consideration for employment regardless of color, religion, sex, sexual orientation, gender identity, national origin, economic status, disability, age, or any other legally protected characteristics. We are proud to be an inclusive company with values grounded in equality and ethics, where we celebrate, support, and embrace diversity.

At no time during the hiring process will Smiths Group, nor any of our recruitment partners ever request payment to enable participation – including, but not limited to, interviews or testing. Avoid fraudulent requests by applying jobs directly through our career’s website (Careers - Smiths Group plc)

Average salary estimate

$75000 / YEARLY (est.)
min
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$65000K
$85000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Cost Accountant, Smiths Group

At Smiths Interconnect, we’re on the lookout for a talented Cost Accountant to join our dynamic team located in sunny Tampa, FL. As a Cost Accountant, you will play a crucial role in providing comprehensive financial support across various departments. Your main responsibility will be to ensure accurate and timely reporting while maintaining balance sheet integrity and a rigorous control environment. You’ll be diving into the month-end closing processes, managing inventory reconciliations to avoid over-procurement, and driving accuracy through effective management of the cycle count process. Your keen analytical skills will come into play as you conduct inventory audits and assist with internal controls compliance. We value a proactive approach, so you’ll be instrumental in preparing journal entries, adjusting accruals, and analyzing P&L accounts to maintain financial transparency. If you have a positive attitude, enjoy collaborating with multiple departments, and are eager to implement process improvements, Smiths Interconnect could be your next home. Join us, and you’ll not only work on cutting-edge technologies that impact important industries like defense and aerospace, but you’ll also be part of a supportive and innovative culture where your contributions are genuinely valued. Together, let’s harness technology to create a world where critical applications can thrive.

Frequently Asked Questions (FAQs) for Cost Accountant Role at Smiths Group
What are the responsibilities of a Cost Accountant at Smiths Interconnect?

As a Cost Accountant at Smiths Interconnect, you will be responsible for month-end closing activities, financial reporting, variance analysis, and maintaining internal controls. Key activities include performing accurate monthly inventory reconciliations, managing the overhead rate structure, and preparing relevant journal entries. You will also conduct inventory audits and assist in process improvements, ensuring sound financial control procedures throughout the manufacturing site.

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What qualifications do I need to apply for the Cost Accountant position at Smiths Interconnect?

To qualify for the Cost Accountant position at Smiths Interconnect, a candidate must hold a Bachelor’s degree in accounting, economics, or a related field. Additionally, five years of business experience is required, preferably with public accounting experience. It's important to have a knowledge of GAAP and IFRS, as well as strong PC skills, particularly advanced proficiency in MS Excel.

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What kind of work environment can I expect as a Cost Accountant at Smiths Interconnect?

At Smiths Interconnect, as a Cost Accountant, you'll find yourself in a collaborative and innovative environment. Our company values teamwork and supports professional growth, offering opportunities for career progression within Smiths Interconnect and the broader Smiths Group. We pride ourselves on celebrating diverse perspectives, creating an inclusive workplace where everyone feels valued.

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How does Smiths Interconnect support professional development for Cost Accountants?

Smiths Interconnect is committed to the growth of its employees. As a Cost Accountant, you will have opportunities for professional development through training programs, mentorship, and involvement in cross-departmental projects. Our culture encourages continuous learning and innovation, ensuring that you stay abreast of the latest accounting principles and practices.

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Is remote work an option for the Cost Accountant position at Smiths Interconnect?

While the Cost Accountant position at Smiths Interconnect primarily operates from our Tampa location, we recognize the importance of work-life balance. Our policies may allow for some flexible working options once you are established in your role. We encourage discussions around remote work opportunities with your manager as part of our commitment to a supportive work environment.

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Common Interview Questions for Cost Accountant
What accounting software are you familiar with, and how did you use it as a Cost Accountant?

In my previous roles as a Cost Accountant, I primarily used Oracle for financial reporting and managing accounts. I leveraged its reporting tools to provide clear insights into inventory levels and cost structures, which helped management make informed decisions. I am eager to learn new software as required, showcasing my adaptability and commitment to staying updated in this evolving field.

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Can you describe a challenge you faced during a month-end close process?

In a previous position, I encountered discrepancies during the month-end close that impacted financial reporting. To tackle this, I initiated an in-depth review and collaborated closely with cross-functional teams to identify the root cause. We discovered errors in inventory valuation which we subsequently corrected, improving the accuracy of our reports. This experience underscored the importance of teamwork and process oversight.

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How do you ensure accuracy in financial reporting?

Ensuring accuracy in financial reporting involves a structured approach. I adhere to a checklist for month-end steps, perform thorough reconciliations, and maintain an open line of communication with department heads to clarify any variances. This way, I can catch issues early and address them promptly, which not only promotes accuracy but builds trust within the organization.

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What is your experience with inventory management and how do you approach it?

I have significant experience in inventory management, particularly in conducting cycle counts and reconciliations. My approach is to regularly analyze inventory levels and implement best practices to minimize scrap and obsolete items. By maintaining accurate records and collaborating with production and procurement teams, I ensure alignment with financial goals and operational efficiency.

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Why do you want to work at Smiths Interconnect as a Cost Accountant?

I admire Smiths Interconnect's commitment to innovation and excellence in technology that impacts critical sectors like defense and aerospace. The opportunity to contribute to this mission as a Cost Accountant excites me, as I believe my skills in financial reporting and my passion for analytical work can support the company's continued success in delivering high-quality components.

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How do you handle tight deadlines and pressure in your role as a Cost Accountant?

Handling tight deadlines requires organization and prioritization. I focus on breaking down larger tasks into manageable steps and utilize time management tools to keep track of progress. I also communicate clearly with my team about timelines and potential challenges, allowing us to work collaboratively under pressure while ensuring the quality of our outputs isn't compromised.

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How would you explain complex financial information to someone without a finance background?

When explaining complex financial concepts, I aim to simplify the information by breaking it down into relatable terms and using visual aids such as charts or graphs. I relate the concepts to real-world scenarios so that the listener can grasp the implications without feeling overwhelmed by jargon, making it easier for them to understand the financial landscape.

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Describe a time when you identified and implemented a process improvement.

In my last role, I noticed our inventory reconciliation process was overly manual and time-consuming. I researched automation software that could streamline the process. After presenting my findings and receiving approval from management, we implemented the new tool, reducing our reconciliation time by 40% and minimizing errors, which significantly increased our efficiency.

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What role does compliance play in your work as a Cost Accountant?

Compliance is paramount in the role of a Cost Accountant. I ensure that all financial practices adhere to GAAP and IFRS standards, conducting regular audits and reviews of our processes. This not only safeguards our financial integrity but also builds trust with stakeholders and external auditors, which is essential in maintaining the company’s reputation and avoiding legal issues.

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How do you stay updated on changes in accounting standards and practices?

I actively engage in continuous professional education by attending workshops, webinars, and industry conferences. I also subscribe to relevant accounting journals and follow industry leaders and organizations on social media to keep abreast of changes in accounting standards and best practices. This ongoing learning is crucial for effective performance as a Cost Accountant.

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Founded in 1851 and headquartered in London, United Kingdom, Smiths Group is a multinational technology company serving the medical technology, security and defense, industrial, energy, and aerospace markets.

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DATE POSTED
April 12, 2025

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