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Cost Accountant

The Timken Company
Crestwood, Texas, United States
Closing date
Feb 15, 2024

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Job Role
Contract Type
Full Time
Your Career Begins at Timken
If you're ready for a challenging career that provides you with the ability to advance personally and professionally, look to Timken. Our associates make the world more productive by improving the efficiency and reliability of the machinery that keeps industry in motion. Timken Power Systems, a division of the Timken Company, is currently seeking a Principal Cost and Accounting Analyst in Houston, Texas. The Principal Cost and Accounting Analyst will take a lead role in a broad range of accounting activities in support of Timken Gears & Services and Timken Motor & Crane Services Gulf Coast Central Region locations. This position will support the TPS Gulf Coast Central Region Controller and guide local operations in Broomfield, CO, Houston, TX, Mokena, IL, and Pasco, WA in inventory and job costing management, analyses/reporting of financial results and in developing and/or maintaining effective procedures and internal controls in accordance with SOX/GAAP. The position will oversee fixed asset and capital expenditure reporting, project management from accounting perspective, and related controls for the region. In addition, the position will assist with monthly closing/reporting processes, including providing management with timely and meaningful reports and thorough analyses of business performance. This position reports to the Controller - TPS Gulf Coast Central.   Responsibilities Include
  • Ensure timely and accurate completion of monthly accounting closing and annual reporting requirements in compliance with GAAP, standard operating procedures, internal controls/SOX including analyzing and reporting results and analyzing performance variances
  • Facilitate financial reporting, analysis, and validation of fixed assets and capital expenditures including forecasting, budgeting, preparing, and tracking Timken capital appropriation requisitions (ARs) or local capital approvals, tracking and processing disposals, and overseeing external property tax, sales and use tax local audits, and internal audits
  • Develop, evaluate, and oversee processes and controls to validate inventory and implement action plans to identify and resolve exceptions. This includes reviewing and validating inventory in stock, work in process, DMR and inspection as well as monitoring annual physical inventories, cycle counts and OSMI reviews
  • Review, analyze, and validate job costing and margins including timely closing of jobs, troubleshooting, and resolution of exceptions
  • Complete general ledger journal entries into the company's ERP system and account reconciliations in Blackline.   Basic Qualifications
    • 5 years of experience with job costing, monthly close, and financial reporting, 7 years preferred
    • 5 years of experience with GAAP and SOX compliance requirements     
    • 5 years of experience with large enterprise system
    • 2 years of experience with sales & use tax, property tax, and/or internal audits
    • 2 years of experience with inventory management
    • Advanced skills in Microsoft Excel
    • Advanced understanding of accounting procedures and good business practice
    • Demonstrates ability to lead efforts to produce accurate and meaningful operational reports
    • Bachelor Degree in Accounting or related
    • Willing and able to travel up to 25% Key Attributes
      • Effective problem identification, analysis, and resolutions skills
      • Attention to detail, accuracy, and neatness working with figures
      • Independent worker who takes ownership of assigned responsibilities through to completion
      • Work efficiently alone, as well as collaboratively within a team
      • Effective and professional verbal and written communication skills in person and on the telephone
      • Multi-task, identify priorities, meet deadlines This full-time position is eligible to participate in the company's short-term incentive program, paid time off plan, 401k, and comprehensive benefits package including medical, dental, and vision. Qualified candidates can apply for this position by clicking on the link located in the job posting at All qualified applicants shall be treated equally according to their individual qualifications, abilities, experiences and other employment standards. There will be no discrimination due to gender or gender identity, race, religion, color, national origin, ancestry, age, disability, sexual orientation, veteran/military status or any other basis protected by applicable law.

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