Cost Accountant

Wabtec Corporation

Buffalo Grove, IL


Position summary

ake yours and someone else's life better? Wabtec has been doing that for decades and we will continue to do so! Through our people, leadership development, services, technology and scale, Wabtec delivers better outcomes for global customers by speaking the language of industry.

Wabtec Bus Solutions Finance Team

At Wabtec Bus Solutions, we draw strength from our differences while we revolutionize the way the world moves for future generations. And you can too! Our flexible work environment provides you a chance to change the world without giving up your personal life. We put our customers first - exemplified by our mission: "Unlock our customers' potential by delivering innovative and lasting transportation solutions. Sound like a team you would like to be part of. Come build your career with Wabtec Bus Solutions.

How will you make a difference?

As a member of the Wabtec Bus Solutions Team, you will be responsible for Preparing inventory and cost journal entries, the coordination and reconciliation of physical inventory or cycle counts. Perform Cost Maintenance to ensure inventory transactions and cost of sales are properly recorded, analyzes changes in product design, raw materials, manufacturing methods or service provided to determine effects on costs

What do we want to know about you?

  • Oracle Experience or other ERP cost accounting/inventory systems.

  • Knowledge of MS Excel, including pivot tables, lookup tables, etc.

  • Minimum 2 years of cost accounting experience in a manufacturing environment required

  • Bachelor's Degree

What will your typical day look like?

  • Prepares inventory and cost journal entries.

  • Coordinate and reconcile physical inventory or cycle count activities in lieu of physical. Monitor compliance to ABC cycle counting program throughout the year.

  • Perform required cost maintenance to ensure inventory transactions and cost of sales are properly recorded.

  • Participates on New Product Development teams. During the design phase, tracks estimated product cost versus previously established target costs. Participates in cost reduction reviews and activities. Recommends cost efficiencies in new product layouts.

  • Analyzes changes in product design, raw materials, manufacturing methods, or services provided, to determine effects on costs.

  • Complete Sarbanes-Oxley assessment for Inventory.

  • Identify and report on significant cost changes monthly both on an item-by-item basis and on the overall impact to COS - based on maintaining and reporting on current costs in the Oracle system. Reporting to include changes identified as structure changes and price changes.

  • Updates and reviews pending (current) standard costs monthly against frozen standard cost. Reports on large variations and reviews impact on product margins.

  • Supports initial sales bid quoting of new items/contracts by working with engineering to understand the new product, identify current reference or similar products, and work up cost estimates.

  • Prepare sales and margin reports by product line and investigate deviations from forecast/plan.

What about the physical demands of the job?

  • Ability to work in plant for inventory counts (10% of job) - may have high humidity.

  • Wearing Steel Toed shoes

You may also be asked to perform other duties outside of your function or trade, for which adequate training will be provided if necessary.

Wabtec will only employ those who are legally authorized to work in the U.S. for this opening. Any offer of employment is conditioned upon the successful completion of a drug screen (as applicable) and fitness for duty test (as applicable).


Wabtec Corporation is committed to taking on the world's toughest challenges. In order to fulfill that commitment we rely on a culture of leadership, diversity and inclusiveness. We aim to employ the world's brightest minds to help us create a limitless source of ideas and opportunities. We believe in hiring talented people of varied backgrounds, experiences and styles...people like you! Wabtec Corporation is committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or expression, or protected Veteran status. If you have a disability or special need that requires accommodation, please let us know.