Cost Accountant

Muncie Power Products

Location Pin Icon
Tulsa, OK

Job Description

As posted by the hiring company

Job Overview:


We are Muncie Power  

At Muncie Power Products, "We Build Trust" is not just a slogan it is the way we do business. As a leading manufacturer of power take-offs and fluid power components, we have been building trust for more than 85 years with our dependable, quality products and dependable customer service. We want the next generation of employees to continue that legacy. As a mid-size company, Muncie Power Products provides a culture that values our employees by offering professional development, wellness opportunities, and a supportive work environment.


Headquartered in Muncie, Indiana, we are a 5 Star AchieveWell certified company in the state of Indiana (highest award in the state of Indiana). We are looking for the right candidate to maintain and continue to build that achievement.


Muncie Power Products employees bring professionalism and dedication to the job, and in return, formal training is provided to become knowledgeable product experts. Our employees know, no matter the role, that they are an integral part of a team. Integrity and follow through are at the forefront of importance. From accounting, to HR, customer service, sales, IT, and assembly; we know we are not just making truck parts—we are meeting our customers’ challenges with engineered solutions.


Location: Tulsa, OK


Department: Accounting


Work environment: Office


Reports to: Cost Accounting Supervisor


Supervises: No


Salary Grade: 15


Job description summary:

Our organization is seeking a highly skilled cost accountant. The primary role of this position will support new product development processes including, but not limited to, cost estimating and developing other product development project financial information. The cost accountant is responsible for performing accounting functions in support of month end close, accurate valuation of products, inventory, and cost of goods sold as workload allows. This position requires a quick learner with high levels of attention to detail, collaboration, teamwork, and flexibility in a fast-paced environment. There is a critical technical focus on validating product structures and manufacturing steps, creating estimates, preparing cost change analyses, and communicating the potential or realized financial impact.



Essential duties & responsibilities:

  • Support new product initiatives by developing product cost estimating tools, pro forma profitability
  • Track variance and updates project workbook with realized values
  • Collaborate with internal departments to meet financial product and project goals
  • Analyze changes in product design, raw materials, manufacturing methods, and outside manufacturing services to determine the financial impact on product costs
  • Assist in maintaining the standard cost system including, but not limited to, setting and updating part costs, auditing product structures, manufacturing methods and costs for accuracy, analyzing the effects of cost changes on materials and work center updates, assisting in recommending rate changes and proposed cost roll dates, and performing various cost rolls and validating accuracy
  • Plan and schedule assigned activities to meet deadlines and due dates
  • Adhere to IFRS guidelines
  • Support monthly close processes
  • Conduct various analyses outside of new product development including, but not limited to, comparing standard manufacturing and procurement costs to actual costs, reviewing and tracking inventory, and work order variances
  • Perform a variety of clerical and technical duties as allowed, such as assisting in the automation of office functions, supporting physical inventory preparations and activities, supporting the surcharge database, and verifying cost savings
  • Recommend improvements in internal cost accounting procedures and controls
  • Other duties as required


Experience and skills:

  • Bachelor's degree in accounting, finance, or related field  
  • Minimum one (1) to three (3) years manufacturing experience or equivalent
  • CMA certification preferred
  • Knowledge or experience in new product development and/or cost estimating is a plus
  • Knowledge of sound accounting principles, their laws, and internal controls
  • Strong work ethic, self-management, research, analytical, and organizational skills
  • Ability to manage competing priorities with flexibility to effectively adapt to changing conditions and job assignments
  • Effective written and verbal communication skills
  • Ability to challenge status quo professionally and respectfully within the organization
  • Experience using Microsoft Office applications is required, must be strong in Excel
  • Capable of creating change across functional and departmental boundaries
  • Self-motivated with a strong desire to succeed
  • Able to make recommendations and effectively participate in the implementation of company policies and procedures
  • Ability to work well with others
  • Effectively able to present information in one-on-one and small group situations


Muncie Power Products is committed to providing exceptional products and customer service to all of our internal and external customers. We expect our employees to support our core competencies and mission. All employees are responsible for following company policies and procedures, observing safety rules and regulations, and may be required to complete tasks outside their normal responsibilities. It is imperative that all employees possess a pleasant and friendly attitude toward customers and co-workers. Muncie Power Products employees are self-motivated, quick learners, and resourceful.


Physical activity:

Stand 1–33%

Sit       67–100%

Walk   1–33%

Fine manipulation    1–33%

Climb or balance      1–33%

Stoop, kneel, crouch, crawl 1–33%

Reach above the shoulder 1–33%

Twist/turn       1–33%

Use hands to push/pull       1–33%


Weight demands:

1–10 pounds            1–33%

11–25 pounds          1–33%

26–50 pounds          0%

51–75 pounds          0%

Over 75 pounds       0%



Muncie Power Products offers a highly competitive compensation and benefit package including Medical, Dental, Prescription, Life Insurance, Dependent Life, Accidental Death & Dismemberment (AD&D) Insurance, Short-Term Disability, Long-Term Disability, Wellness Program Incentives, Flexible Spending Account, 401(k) Plan with Company match, Employee Assistance Program, Vision, Voluntary Life with Long-Term Care, Voluntary Accident. 


Muncie Power Products is an Equal Opportunity Employer

This description is intended to describe the general content of and requirements for the performance of this position. It is not to be construed as an exhaustive statement of duties, responsibilities, or requirements.