Cost Accountant

Title: Cost Accountant

Location: 

Remote-USA

time type

Full time

job requisition id

7843

Join the People Helping People

 

PSCU/Co-op Solutions is now Velera! PSCU and Co-op Solutions became a single entity on January 2, 2024, and our new company name was announced on May 7, 2024. Our new brand represents our combined company’s shared mission and unique ability to drive velocity and positive momentum for credit union success in a new era of financial services.

 

 

The Opportunity

The Cost Accountant will be responsible for developing, analyzing, and maintaining Velera’s operating cost structure and allocation methodologies for client and product level profitability reporting and analysis. This role enables leadership to confidently present findings and recommendations to executive management using data from the Oracle profit and cost management tool, which supports financial decision-making related to client and product pricing.

 

Day in the Life

• Improve financial data and analytic capabilities with current tools for the pricing function.

• Investigate and implement integration of internal systems to enhance allocation methodology.

• Utilize available RPA or AI functionality to continuously refine allocations and drive efficiency by utilizing activity and cost trend data.

• Partner with internal teams as appropriate to develop, test, analyze and refine allocation methodologies by product/solution and client.

• Maintain cost accounting calculations and procedures within Oracle.

• Analyze cost drivers, recommend cost-saving measures, and refine calculation schemes.

• Continuously improve cost accounting processes and systems by identifying and presenting effective solutions and strategies to leadership.

• Review and reconcile accounts, conduct cost audits, and ensure compliance with financial audits on regular basis.

• Assist in the preparation of budgets and forecasts.

• Collaborate with the finance team to support month-end and year-end closing processes with a high priority on accuracy.

• Operate as a data source expert to streamline analytics and identify the “source of truth” for costs used in pricing analysis.

• Provide financial analysis and support for pricing decisions and profitability analysis

 

 

Qualifications

• Bachelor’s degree in accounting, Finance, or a related field.

• Minimum 5 years experience in finance preferred

• Proven experience as a cost accountant, cost analyst or similar role

• Minimum of 2 years’ experience with Oracle EPM PCM-Profit and Cost Management

• Professional certification (e.g., CPA, CMA) is preferred.

• Strong knowledge of cost accounting principles and practices.

• Knowledge of Generally Accepted Accounting Principles (GAAP)

• Familiarity and mindset to use RPA and AI technologies for process improvement.

• Experience in the payment industry or a similar sector a plus

• Working knowledge of Activity Based Costing (ABC) Methodology

 

 

  

About Velera

At Velera we are committed to fostering a workplace where every employee feels valued, respected, and connected. We understand, attract and engage a diverse workforce where every employee can live up to their full potential; ensuring that our employee base reflects the consumers we serve. The result of this effort is an inclusive environment where diverse talent thrives. We strive to foster a safe and inclusive work environment for people to bring their authentic selves in order to build a better community within our company and with our partners.   Learn more about our commitment to Diversity, Equity, and Inclusion HERE!

 

 

Pay Equity

$75,800.00

to

$96,700.00

Actual Pay will be adjusted based on experience and other job-related factors permitted by law.

 

 

Great Work/Life Benefits!

• Competitive wages

• Medical with telemedicine

• Dental and Vision

• Basic and Optional Life Insurance

• Paid Time Off (PTO)

• Maternity, Parental, Family Care

• Community Volunteer Time Off

• 12 Paid Holidays

• Company Paid Disability Insurance

• 401k (with employer match)

• Health Savings Accounts (HSA) with company provided contributions

• Flexible Spending Accounts (FSA)

• Supplemental Insurance

• Mental Health and Well-being: Employee Assistance Program (EAP)

• Tuition Reimbursement

• Wellness program

• Benefits are subject to generally applicable eligibility, waiting period, contribution, and other requirements and conditions

 

Velera is an Equal Opportunity Employer. We consider applicants without regard to race, color, religion, age, national origin, ancestry, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, veteran status, disability, genetic information, citizenship status, or membership in any other group protected by federal, state or local law.

 

Velera is an Equal Opportunity Employer that complies with the laws and regulations set forth in the following "EEO is the Law" Poster and the "EEO is the Law" Poster Supplement. Velera will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the legal duty to furnish information.