Cost Accountant

Job Description

Cost Accountant | AAR

The Tone:
This is a full-time role at AAR, located in Wood Dale, IL, with a planned relocation to the Merchandise Mart (Chicago) in early 2027. AAR focuses on the flow of products, where inventory is a key asset. This position is vital for accurately accounting for product costs, reporting business profitability, and establishing excellence in inventory accounting to ensure desired returns on investment.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: In-person, Wood Dale, IL (with planned relocation to Merchandise Mart, Chicago, in early 2027)

• Mission: Own the accurate accounting of product costs, inventory management, and profitability reporting to support business investment returns.
• Tech Stack: Microsoft Office products, IMOPS (plus), Browser (plus), Lawson (plus)

What You’ll Actually Do
• Inventory System Management: Maintain the accuracy of the perpetual inventory system, including costs used, reconciliation to general ledger accounts, and proper recording of cost of sales.
• Process Enhancement: Continuously improve the efficiency and effectiveness of accounting operations specifically related to inventory.
• Reporting & Analysis: Provide critical reporting and in-depth analysis to support inventory, repair orders, and the cost of sales for internal and external needs.
• Cost Lifecycle Accounting: Accurately account for the costs of inventory and repair orders at the time of purchase, as they are carried in stock, and upon invoicing following a sale.
• Compliance & Control: Ensure all assigned accounting areas adhere to AAR policies and generally accepted accounting principles (GAAP), maintain internal controls, and assist with financial audits.

The Must-Haves
• Background: Bachelor of Arts (B.A.) or Bachelor of Science (B.S.) degree in accounting from a four-year college or university.
• Experience: Demonstrated proficiency and experience with various computer software, including Microsoft Office products.
• Skills: Strong mathematical and analytical abilities are required for this role.
• Bonus: Knowledge of IMOPS, Browser, and Lawson accounting software is a plus.