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Cost Accountant

FerreroFranklin Park, IL

$71,219 - $94,959 / year

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Overview

Schedule
Full-time
Career level
Senior-level
Remote
On-site
Compensation
$71,219-$94,959/year
Benefits
Health Insurance
Paid Vacation
401k Matching/Retirement Savings

Job Description

About the Role:

We have a current opening for a Cost Accountant and are actively reviewing applications.

At Ferrero, The Cost Accountant, reporting to the Plant Controller, supports the financial performance and cost control of the plant by preparing and monitoring the budget, forecasts and actuals, ensuring accurate industrial cost accounting and variance analysis, and providing regular financial insights to support operational and strategic decision making. The role also supports investment and fixed asset control in line with Group policies and ensures full compliance with Finance guidelines and procedures, acting as a key financial business partner to the Plant Controller and Operations team.

The Finance Industrial Controlling function ensures the accuracy, transparency, and strategic use of financial data related to manufacturing operations, enabling data-driven decisions across local and global teams. It supports the preparation of budgets, forecasts, variance analyses, and investment evaluations to strengthen production efficiency and financial compliance.

The Cost Accountant role serves as a key Finance partner within the Franklin Park Plant, translating operational performance into actionable financial insights. Reporting to the Plant Controller, the Cost Accountant supports cost control, budgeting, capital project analysis, and monthly closings while embedding financial rigor into daily plant operations.

Main Responsibilities:

  • Support the Plant Controller in the preparation of the annual budget and standard cost setting (bill of materials, labor, overhead).
  • Monitor and analyze industrial costs, standard costs, and production variances, providing regular performance reporting and insights.
  • Perform month end close activities including preparation of journal entries and required reports detailing results including analysis and explanations.
  • Support the monthly forecast and Group planning cycles including risks and opportunities.
  • Prepare financial analyses for capital projects, including business cases, ROI, and support to Group approval processes.
  • Support capital projects and fixed-asset management, including asset capitalizations and disposals along with the periodic fixed assets physical inventory.
  • Perform cost simulations and project economics to support new products or changes in production flows.

About You:

  • Bachelor's degree in Accounting, Finance or a related field.
  • 3 years of experience in industrial controlling, cost accounting, budgeting, month end close and financial analysis in a manufacturing environment.
  • Strong knowledge of production processes, standard costing, and SAP, including fixed-asset management.
  • Ability to work cross-functionally with Operations and support finance leadership (Plant Controller).
  • Strong analytical and problem-solving skills, with a track record of improving cost transparency and process efficiency.
  • Strong knowledge of Excel and working with a large volume of data.

Artificial Intelligence Disclosure

As part of our recruitment process, Ferrero may use artificial intelligence (AI) enabled tools to assist with reviewing candidate applications. These tools are used solely to support recruiters by summarizing application information and identifying potential alignment with job requirements. AI does not independently screen out or select candidates, and it does not replace human judgment. Final decisions regarding candidate progression are always made by Ferrero recruiters and hiring managers.

Our Benefits & Perks:

Careers with caring built in - discover our benefits here.

The base salary range for this position is $71,219 - 94,959. Actual compensation will be determined based on experience, qualifications, and other job-related factors permitted by law. This range represents the anticipated salary for this position at this time.

In addition to base salary, we offer a comprehensive benefits package, including health insurance, retirement plans, paid time off, and other benefits.

About Ferrero:

Ferrero began its journey in the small town of Alba in Piedmont, Italy, in 1946. Today, it is one of the world's largest sweet-packaged food companies, with many iconic brands sold in countries all over the world. Find out more about Ferrero at ferrero.com.

DE&I at Ferrero:

Ferrero is committed to building a diverse and inclusive culture in which all employees feel welcomed and appreciated and have the same opportunities. We believe all our people are equally talented in their own way. In nurturing the curiosity and natural abilities of our employees, we provide them, generation after generation, the means to succeed personally and professionally, enabling them to craft their journey at Ferrero. The diversity of our talents is what makes our work environment multicultural, innovative, and highly rewarding.

Find out more here.

Ferrero is an equal opportunity employer and complies with all applicable human rights laws. Ferrero will recruit, hire, train, and promote all persons without regard to race, creed, color, sex (including pregnancy, gender, sexual orientation, and gender identity), religion, national origin or ancestry, age, disability, or history of disability (except where physical or mental abilities are a bona fide occupational requirement and the individual is not able to perform the essential functions of the position even with reasonable accommodations), citizenship, or any other protected characteristic.

Ferrero will accommodate the needs of applicants with disabilities throughout all stages of the selection process. If you need accommodation during the recruitment process, please advise the People & Organization (HR) Representative. Information relating to the need for accommodation and accommodation measures will be addressed confidentially.

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FAQs About Cost Accountant Jobs at Ferrero

What is the work location for this position at Ferrero?
This job at Ferrero is located in Franklin Park, IL, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.
What pay range can candidates expect for this role at Ferrero?
Candidates can expect a pay range of $71,219 and $94,959 per year.
What employment applies to this position at Ferrero?
Ferrero lists this role as a Full-time position.
What experience level is required for this role at Ferrero?
Ferrero is looking for a candidate with "Senior-level" experience level.
What benefits are offered by Ferrero for this role?
Ferrero offers following benefits: Health Insurance, Paid Vacation, 401k Matching/Retirement Savings, and Health & Wellness Programs for this position. Actual benefits may vary depending on the employer's policies and employment terms.
What is the process to apply for this position at Ferrero?
You can apply for this role at Ferrero either through Sonara's automated application system, which helps you submit applications 10X faster with minimal effort, or by applying manually using the direct link on the job page.