Staff Cost Accountant

Location: Bedford, MA

Build a career powered by innovations that matter! At Novanta, our innovations power technology products that are transforming healthcare and advanced manufacturing—improving productivity, enhancing people’s lives and redefining what’s possible. We create for our global customers engineered components and sub-systems that deliver extreme precision and performance for a range of mission-critical applications—from minimally invasive surgery to robotics to 3D metal printing.

Novanta is one global team with over 26 offices located in The Americas, Europe and Asia-Pacific. Looking for a great place to work? You have found it with a culture that embraces teamwork, collaboration and empowerment. Come explore Novanta.

Position Summary

The Staff Cost Accountant supports the month-end close process and cost accounting function by preparing journal entries, reconciling inventory, analyzing excess and obsolete (E&O) inventory, closing manufacturing work orders, and coordinating recurring review meetings with cross-functional stakeholders. This role requires strong attention to detail, familiarity with cost accounting principles, and the ability to collaborate with operations, finance, and supply chain teams.

Essential Duties and Responsibilities

Prepare and book journal entries as part of the month-end close process, ensuring accuracy and timeliness in accordance with GAAP and company policy.

Prepare monthly inventory reconciliations, identifying and resolving discrepancies between physical counts, system records, and general ledger balances.

Prepare the excess and obsolete (E&O) inventory analysis template, evaluating inventory aging and recommending reserve adjustments.

Review and close completed manufacturing work orders, ensuring costs are properly relieved and variances are analyzed and recorded.

Schedule and facilitate recurring review meetings with relevant stakeholders (e.g., operations, supply chain, finance) to discuss inventory, cost variances, and close-related items.

Support other month-end, quarter-end, and year-end close activities as needed.

Assist with internal and external audit requests related to cost accounting and inventory.

Identify opportunities to improve cost accounting processes and internal controls.

Bachelor's degree in Accounting, Finance, or related field.

1–3 years of accounting experience, preferably in a manufacturing or cost accounting environment.

Working knowledge of standard costing, inventory accounting, and month-end close processes.

Proficiency in Microsoft Excel; Oracle ERP experience required.

Strong analytical, organizational, and communication skills.

Ability to work cross-functionally and manage multiple deadlines.

Compensation

The salary for this role will range from 62,400.00 - 93,300.00 USD annual based on full-time employment. Salary offers are based on a wide range of factors including but not limited to location, relevant skills, training, experience, education, etc.

Certain roles may be eligible for performance-based incentive compensation and/or long-term incentives. Incentives could be discretionary or non-discretionary depending on the plan.

Novanta supports all aspects of your life’s needs. This position provides a full range of medical, financial, and other benefits to make your quality of life better.

Novanta is proud to be an equal employment opportunity and affirmative action workplace. We consider all qualified applicants without regard to race, color, religion, sex (including pregnancy), sexual orientation, gender identity or expression, national origin, military and veteran status, disability, genetics, or any other category protected by federal law or Novanta policy.

Please call +1 781-266-5700 if you need a disability accommodation for any part of the employment process.