Xylem is a Fortune 500 global water solutions company dedicated to advancing sustainable impact and empowering the people who make water work every day. As a leading water technology company with 23,000 employees operating in over 150 countries, Xylem is at the forefront of addressing the world's most critical water challenges. We invite passionate individuals to join our team, dedicated to exceeding customer expectations through innovative and sustainable solutions.In our manufacturing environment, the Senior Cost Accountant is a trusted partner who helps drive smarter business decisions. This role goes beyond numbers — you’ll work closely with operations, finance, and leadership to understand what drives costs, identify opportunities for efficiency, and ensure resources are being used wisely. From tracking raw materials to analyzing finished goods, you’ll play a key role in shaping strategies that improve performance and strengthen profitability.This position requires full-time, on-site presence.SENIOR COST ACCOUNTANT CORE RESPONSIBILITIES: To perform the job successfully, an individual must be able to perform each essential duty satisfactorily. <ul><li>Product Costing:<ul><li>Calculate and track the cost of manufactured products, including Raw materials, Direct labor, and Factory overhead (utilities, depreciation, etc.).</li><li>Maintain Bill of Materials (BOM) and Routing Costs accurately in the ERP system (SAP).</li></ul></li><li>Standard Cost Development &amp; Maintenance:<ul><li>Develop standard costs for each product or production process.</li><li>Annual review and update of standard costs based on actuals or changes in operations.</li><li>Analyze changes in production or procurement that impact costs.</li></ul></li><li>Variance Analysis:<ul><li>Support monthly, quarterly, and annual financial reviews.</li><li>Identify and explain variances between: Standard vs. Actual Costs, Planned vs. Actual Material Usage, Labor Efficiency (actual hours vs. standard hours), and Overhead Absorption Variances.</li><li>Prepare variance reports for operations and finance teams to support corrective actions.</li></ul></li><li>Inventory Valuation &amp; Control:<ul><li>Monitor and reconcile inventory accounts (raw materials, WIP, finished goods).</li><li>Ensure proper valuation methods (FIFO, weighted average, etc.) are applied.</li><li>Participate in cycle counts and full physical inventory audits.</li></ul></li><li>Budgeting and Forecasting:<ul><li>Support manufacturing budgets (material, labor, overhead).</li><li>Assist in long-term planning for capital expenditures and cost reduction strategies.</li></ul></li><li>Cost Allocation:<ul><li>Support the month end close process through the preparation and posting of journal entries and general ledger reconciliations.</li><li>Allocate indirect costs (e.g., utilities, rent, maintenance) across cost centers or product lines using cost drivers (e.g., machine hours, labor hours).</li></ul></li><li>ERP and Manufacturing System Support:<ul><li>Maintain cost-related data in ERP systems (SAP).</li><li>Ensure integration of cost accounting with production, purchasing, and inventory modules.</li></ul></li><li>Additional Duties:<ul><li>Ensure compliance with internal controls and accounting standards (e.g., GAAP, IFRS).</li><li>Coordinate with external auditors during audits.</li><li>Process capital expenditures.</li><li>Collaborate with production, purchasing, and logistics teams.</li><li>Ad-hoc analysis as needed.</li></ul></li></ul>SENIOR COST ACCOUNTANT QUALIFICATIONS:<ul><li>Bachelor’s degree in Business Administration or financial/accounting with 3-5 years of business experience</li><li>Must have a working knowledge of United States Generally Accepted Accounting Principles (“US GAAP").</li><li>Must have the ability to engage business process owners in a direct yet professional manner, thoroughly evaluate business processes, and quickly identify potential control gaps.</li><li>Requires demonstrated skill in written and oral communications and interview skills.</li><li>Advanced Microsoft Excel, PowerPoint skills, and SAP ERP system.</li><li>Highest standards of accuracy and precision; highly organized. Articulate with excellent verbal and written communication skills.</li><li>Ability to think creatively, highly driven and self-motivated</li></ul>The estimated salary range for this position is $100,000 to $120,000.   Starting pay is dependent on multiple factors, such as skills, experience and work location, and is not typically at the top of the range.  At Xylem we offer a competitive compensation package with a generous benefit package, including Medical, Dental, Vision plans, 401(k) with company contribution, paid time off, paid parental leave and tuition reimbursement.Xylem doesn’t provide visa sponsorship for this position.#LI-RR1Join the global Xylem team to be a part of innovative technology solutions transforming water usage, conservation, and re-use. Our products impact public utilities, industrial sectors, residential areas, and commercial buildings, with a commitment to providing smart metering, network technologies, and advanced analytics for water, electric, and gas utilities. Partner with us in creating a world where water challenges are met with ingenuity and dedication; where we recognize the power of inclusion and belonging in driving innovation and allowing us to compete more effectively around the world.<div>At Xylem, you'll not only contribute to solving water issues but also have the chance to make a difference through our paid Volunteer Program, Xylem Watermark. We prioritize our employees' well-being through inclusion and belonging as well as our Employee Resource Groups (ERG). Proud to be an Equal Employment Opportunity (including disability and veterans) and Affirmative Action workplace, Xylem fosters an inclusive environment free from discrimination or harassment. </div><div>  </div><div>Please note that the information in this job description outlines the general nature of the position and is not an exhaustive list of duties. Xylem is dedicated to providing reasonable accommodations to enable all employees to perform their essential job functions. We reserve the right to modify this job description and assign additional duties as needed. Embrace the opportunity to be part of Xylem's transformative journey in shaping the future of water technology! #XylemCareers #GlobalImpact #WaterInnovation </div>

Xylem is the global leader in advanced technologies, solutions and services that address the world&rsquo;s biggest water challenges. We enable our customers to dramatically improve the way water and wastewater is used, managed, conserved, re-used and returned to nature. At every level, our global team is committed to access, equity, inclusion, and diversity. Our goal is for all our colleagues to be involved, respected, valued, connected, and free to bring their authentic selves and ideas. If you are excited and passionate about solving water, we want to hear from you.

Senior Cost Accountant

Xylem is a Fortune 500 global water solutions company dedicated to advancing sustainable impact and empowering the people who make water work every day. As a leading water technology company with 23,000 employees operating in over 150 countries, Xylem is at the forefront of addressing the world's most critical water challenges. We invite passionate individuals to join our team, dedicated to exceeding customer expectations through innovative and sustainable solutions.In our manufacturing environment, the Senior Cost Accountant is a trusted partner who helps drive smarter business decisions. This role goes beyond numbers — you’ll work closely with operations, finance, and leadership to understand what drives costs, identify opportunities for efficiency, and ensure resources are being used wisely. From tracking raw materials to analyzing finished goods, you’ll play a key role in shaping strategies that improve performance and strengthen profitability.This position requires full-time, on-site presence.SENIOR COST ACCOUNTANT CORE RESPONSIBILITIES: To perform the job successfully, an individual must be able to perform each essential duty satisfactorily.&nbsp;<ul><li>Product Costing:<ul><li>Calculate and track the cost of manufactured products, including Raw materials, Direct labor, and Factory overhead (utilities, depreciation, etc.).</li><li>Maintain Bill of Materials (BOM) and Routing Costs accurately in the ERP system (SAP).</li></ul></li><li>Standard Cost Development &amp; Maintenance:<ul><li>Develop standard costs for each product or production process.</li><li>Annual review and update of standard costs based on actuals or changes in operations.</li><li>Analyze changes in production or procurement that impact costs.</li></ul></li><li>Variance Analysis:<ul><li>Support monthly, quarterly, and annual financial reviews.</li><li>Identify and explain variances between: Standard vs. Actual Costs, Planned vs. Actual Material Usage, Labor Efficiency (actual hours vs. standard hours), and Overhead Absorption Variances.</li><li>Prepare variance reports for operations and finance teams to support corrective actions.</li></ul></li><li>Inventory Valuation &amp; Control:<ul><li>Monitor and reconcile inventory accounts (raw materials, WIP, finished goods).</li><li>Ensure proper valuation methods (FIFO, weighted average, etc.) are applied.</li><li>Participate in cycle counts and full physical inventory audits.</li></ul></li><li>Budgeting and Forecasting:<ul><li>Support manufacturing budgets (material, labor, overhead).</li><li>Assist in long-term planning for capital expenditures and cost reduction strategies.</li></ul></li><li>Cost Allocation:<ul><li>Support the month end close process through the preparation and posting of journal entries and general ledger reconciliations.</li><li>Allocate indirect costs (e.g., utilities, rent, maintenance) across cost centers or product lines using cost drivers (e.g., machine hours, labor hours).</li></ul></li><li>ERP and Manufacturing System Support:<ul><li>Maintain cost-related data in ERP systems (SAP).</li><li>Ensure integration of cost accounting with production, purchasing, and inventory modules.</li></ul></li><li>Additional Duties:<ul><li>Ensure compliance with internal controls and accounting standards (e.g., GAAP, IFRS).</li><li>Coordinate with external auditors during audits.</li><li>Process capital expenditures.</li><li>Collaborate with production, purchasing, and logistics teams.</li><li>Ad-hoc analysis as needed.</li></ul></li></ul>SENIOR COST ACCOUNTANT QUALIFICATIONS:<ul><li>Bachelor’s degree in Business Administration or financial/accounting with 3-5 years of business experience</li><li>Must have a working knowledge of United States Generally Accepted Accounting Principles (“US GAAP").</li><li>Must have the ability to engage business process owners in a direct yet professional manner, thoroughly evaluate business processes, and quickly identify potential control gaps.</li><li>Requires demonstrated skill in written and oral communications and interview skills.</li><li>Advanced Microsoft Excel, PowerPoint skills, and SAP ERP system.</li><li>Highest standards of accuracy and precision; highly organized. Articulate with excellent verbal and written communication skills.</li><li>Ability to think creatively, highly driven and self-motivated</li></ul>The estimated salary range for this position is $100,000 to $120,000.   Starting pay is dependent on multiple factors, such as skills, experience and work location, and is not typically at the top of the range.  At Xylem we offer a competitive compensation package with a generous benefit package, including Medical, Dental, Vision plans, 401(k) with company contribution, paid time off, paid parental leave and tuition reimbursement.Xylem doesn’t provide visa sponsorship for this position.#LI-RR1Join the global Xylem team to be a part of innovative technology solutions transforming water usage, conservation, and re-use. Our products impact public utilities, industrial sectors, residential areas, and commercial buildings, with a commitment to providing smart metering, network technologies, and advanced analytics for water, electric, and gas utilities. Partner with us in creating a world where water challenges are met with ingenuity and dedication; where we recognize the power of inclusion and belonging in driving innovation and allowing us to compete more effectively around the world.<div>At Xylem, you'll not only contribute to solving water issues but also have the chance to make a difference through our paid Volunteer Program, Xylem Watermark. We prioritize our employees' well-being through inclusion and belonging as well as our Employee Resource Groups (ERG). Proud to be an Equal Employment Opportunity (including disability and veterans) and Affirmative Action workplace, Xylem fosters an inclusive environment free from discrimination or harassment.&nbsp;</div><div> &nbsp;</div><div>Please note that the information in this job description outlines the general nature of the position and is not an exhaustive list of duties. Xylem is dedicated to providing reasonable accommodations to enable all employees to perform their essential job functions. We reserve the right to modify this job description and assign additional duties as needed. Embrace the opportunity to be part of Xylem's transformative journey in shaping the future of water technology! #XylemCareers #GlobalImpact #WaterInnovation&nbsp;</div>

Senior Cost Accountant

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