Cost Accountant
Siemens Energy
Company Overview
Siemens Energy AG
HeadquartersMunich, Germany
Founded2020
SizeApproximately 96,000 employees worldwide (source: siemens-energy.com). Revenue of 31 billion euros in fiscal year 2023 (source: siemens-energy.com).
What They Do
Siemens Energy focuses on energy technology across the entire value chain, including power generation, transmission, and storage. Core areas include gas turbines, steam turbines, hybrid power plants with hydrogen, power generators, transformers, and renewable technologies led by Siemens Gamesa Renewable Energy (SGRE). This positioning makes the company a global leader in wind energy, with technologies estimated to support about one-sixth of the world's electricity generation (source: siemens-energy.com). The products and services include both conventional and renewable energy solutions, such as onshore and offshore wind turbines from SGRE, grid infrastructure, and hydrogen electrolysis systems that help customers reduce carbon emissions and enhance efficiency through integrated systems for resilient energy grids (source: energydigital.com).
Projects & Track Record
Notable completed projects include the first power plant in South Africa, built in 1895 by Siemens' predecessors, as well as the introduction of high-voltage direct current systems in 1903. Modern achievements include the manufacturing of critical components for regional energy centers and supporting one-sixth of global electricity through its technologies (source: energydigital.com). Current major projects include a 280-megawatt electrolysis system being delivered to the utility EWE in Germany, expected to produce up to 23,000 tons of green hydrogen annually. Additionally, there are localization efforts such as the Siemens Energy Dammam Hub in Saudi Arabia for component manufacturing to strengthen resilient energy sectors (source: energydigital.com).
Recent Developments
In the past two years, Siemens Energy reported strong results for fiscal year 2023 with a revenue of 31 billion euros, despite challenges in the wind business. The company achieved all annual targets and set goals for 2028, aiming for a profit margin of 14-16% before special items and annual revenue growth in the low double digits (source: siemens-energy.com). Recent announcements include securing an investment-grade rating from Moody’s and agreements to accelerate wind order growth. By the end of 2025, 85% of revenue for fiscal year 2026 and 60% for 2027 had already been secured (source: siemens-energy.com).
Working There
Siemens Energy offers positions in engineering, project management, manufacturing, sales, research and development, as well as leadership roles. Departments include Gas Services, Grid Technologies, Siemens Gamesa (Wind), Hydrogen, and corporate areas for finance, execution, and innovation. The corporate culture emphasizes a decentralized approach that has been maintained since the spin-off, with CEO Christian Bruch highlighting the passion of "Team Purple" for energy challenges and innovation in Berlin (source: siemens-energy.com). Hiring occurs at key locations in Germany, including Berlin, Erlangen, and Mülheim, as well as at global expansion sites to meet the high demand for electrification and wind remediation roles (source: siemens.com).
Last updated on Jul 28, 2026 | Report an issue
Job Description
As a Cost Accountant, you will play a key role in supporting the financial performance of a fast-paced manufacturing operation by analyzing inventory, production costs, and financial results to provide actionable insights for business decisions. You will collaborate with Operations, Production, Supply Chain, and Finance teams to ensure accurate product costing, inventory valuation, financial reporting, and forecasting. Your work will help identify risks, improve financial transparency, and drive operational efficiency while ensuring compliance with accounting standards and company policies.
How You'll Make an Impact
- Prepare accurate and timely financial reporting, forecasts, and cost analyses by monitoring inventory balances, production orders, production variances, and other key financial metrics to support business decision-making
- Maintain product costing within SAP, support the annual cost roll process, and analyze material costs, inventory valuation, excess and slow-moving inventory, and manufacturing variances to identify financial risks and improvement opportunities
- Partner with Operations, Production, Supply Chain, and Finance teams to provide financial guidance, investigate cost variances, and improve the accuracy of manufacturing and inventory reporting
- Prepare ad hoc financial reports and analyses for plant leadership, U.S. and global headquarters, while supporting internal and external audit requests and ensuring compliance with accounting standards and internal controls
- Leverage digital reporting and analytics tools, including SAP, Alteryx, Tableau, and Microsoft Excel, to automate reporting, improve data visibility, and support continuous process improvements across the finance organization
- Drive financial accuracy and operational excellence by identifying opportunities to improve costing processes, reporting capabilities, inventory controls, and overall financial performance
What You Bring
- Bachelor's degree in Accounting, Business Administration with an Accounting emphasis, Finance, or a related field
- 2-4 years of experience in cost accounting, manufacturing accounting, financial analysis, or a related finance role within a manufacturing or industrial environment
- Strong knowledge of cost accounting principles, inventory accounting, manufacturing costing, financial reporting, forecasting, and ERP systems; experience with SAP preferred
- Advanced Microsoft Excel skills required; experience with or willingness to learn digital reporting and analytics tools such as Alteryx and Tableau
- Strong analytical, communication, organizational, and problem-solving skills with the ability to collaborate across cross-functional teams, manage multiple priorities, and meet deadlines in a fast-paced environment
- Applicants must be legally authorized for employment in the United States without need for current or future employer-sponsored work authorization. Siemens Energy employees with current visa sponsorship may be eligible for internal transfers.
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Apply now
Job expired?Please let Siemens Energy know you found this job on Rejobs. It helps us grow and get more people working in renewable energy.
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About the role
August 20, 2026
August 20, 2026
Full time
On-site
Company
- Richland, Mississippi, United States
2-4 years
UTC-05:00