Cost Accounting Manager Job Description
Cost Accounting Manager Duties & Responsibilities
To write an effective cost accounting manager job description, begin by listing detailed duties, responsibilities and expectations. We have included cost accounting manager job description templates that you can modify and use.
Sample responsibilities for this position include:
Cost Accounting Manager Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Cost Accounting Manager
List any licenses or certifications required by the position: CPA, CMA, APICS, SAP, CECRL, B2, SOX, UK, CIMA
Education for Cost Accounting Manager
Typically a job would require a certain level of education.
Employers hiring for the cost accounting manager job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Accounting, Finance, MBA, Business, Business/Administration, Education, Manufacturing, Finance/Accounting, Public Administration, Management
Skills for Cost Accounting Manager
Desired skills for cost accounting manager include:
Desired experience for cost accounting manager includes:
Cost Accounting Manager Examples
Cost Accounting Manager Job Description
- Tracking all aspects Capital projects from start to fruition
- Supporting ad hoc reporting requests from Sales, Operation and Corporate Finance
- Analyze costing and inventory data to provide management recommendations and action plans to drive cost reductions and/or improve productivity
- Develop OH rates in partnership wit the brands
- Support the month-end close process including reporting repair/refurbishment costs vs
- Ongoing analysis and business group support, plus help in identifying and resolving inventory issues and related financials
- Ensure that spending is recorded accurately in the books
- Ensure that balance sheet accurately reflects current assets and liabilities of the relevant area of the business
- Ongoing analysis and business group support, plus help in identifying and solving control problems and issues
- Someone who is tech-savvy to help improve the quote system program
- Previous Cost Accounting experience
- Knowledge of Financial Statements and of the Budgeting / Forecasting process
- Previous experience with Financial Analysis / Reporting, General Ledger, and Trend Analysis
- Previous experience with EFI Monarch
- Minimum 10 years of Cost Accounting experience in a manufacturing setting
- JD Edwards/AS400 experience preferred
Cost Accounting Manager Job Description
- Prepare and review of monthly financial statements (P&L, B/S, and Cash Flow)
- Assist in preparation of quarterly forecasts and annual budget
- Conduct weekly meetings with the production team to review project costs
- Develop project budgets in conjunction with producers
- Refresh and update the weekly cost report
- Prepare cash flow estimates based on forecasted production spend
- Code and process payments related to productions
- Work with operational personnel and make/buy decisions, capacity issues
- Perform month-end closing tasks review results of jobs executed by a third party provider
- Conduct regularly scheduled team meetings to review team goals and performance
- BA / BS in Business, Supply Chain, Accounting, or Finance
- Experience in manufacturing, supply chain or factory operations desired
- 5+ years of experience in Accounting or Finance performing cost accounting responsibilities
- Professional experience in network marketing or health and wellness industry a plus
- Five years or more of experience in cost accounting in a manufacturing environment along with management experience
- Assist in M&A integration efforts, primarily around understanding the acquiree’s costing methodologies and how they are recorded in systems
Cost Accounting Manager Job Description
- Participate in annual standard cost roll and margin move analysis
- Assist with the coordination and deliverables for quarterly reviews and annual audits performed by external auditors
- Provide support to seed supply management to ensure the system meets all contractual obligations and partner with IT to drive for solution/resolution
- Assist in execution of annual physical inventories for Aiken, SC and Wadsworth, OH plants
- Develop cost model for products
- Provide inventory and gross margin reporting, including COGS, scrapped material, manufacturing & price variances, standard cost changes, warranty & inventory reserves, cost closing process,inventory reconciliations
- Review costs to ensure they are current and accurately reflect manufacturing costs
- Review, analyze, and establish standard labor and overhead rates for products on an annual basis
- Partner with senior management to analyze monthly gross margins
- Assist with identification and execution of productivity initiatives
- High degree of accuracy & efficiency
- Possess a willingness and ability to work hands-on and with a sense of urgency, in a fast-paced, entrepreneurial environment
- Must have strong cost accounting background and a sound understanding of generally accepted accounting principles
- Experience working with manufacturing personnel on the development and analysis of standard costs
- Masters in Accounting, CPA and/or MBA is a plus
- Minimum of 5 years of progressive, relevant experience, with a mix of public accounting and global publicly company industry experience
Cost Accounting Manager Job Description
- Lead SAP implementation for FICO
- Oversee cycle count program
- Process month-end journals and prepare related month-end reconciliations
- Ensure SOX compliance and support both internal and external audits
- To elaborate prepare, and submit to the main operational and administrative employees the daily report plant of efficiency, effectiveness, productivity, hours standards, overhead and production support cost, scrap, generated in the plant(s)
- Provides guidelines for standard cost approaches used in business decisions
- Calculates and sets up annual standard costs, ensures updates for new products and monthly variance analysis
- Drives internal reviews with BUs for Product equipment Margin reviews, Cost accounting, Cost accrual, Variances, Inventory levels
- Determine and implement cost accounting procedures
- Monthly analysis and management reporting to track meat and ingredient costs
- Minimum 8-10 years of progressive accounting experience in manufacturing environment (preferably biologics or medical device), with an emphasis on cost accounting, variance analysis and financial reporting
- Experience with accounting for capital projects required (preferably including Site construction)
- Strong systems and reporting background
- Attention to detail – ability to thoroughly analyse data and identify trends and key data points to improve our business
- Strong sense of collaboration and service orientation to contribute to business needs and develop trust with management and peers
- Strong interpersonal skills and an effective cross-functional communicator possessing ability to manage up and manage down
Cost Accounting Manager Job Description
- Provide labels with SAP and Business Warehouse support and analysis as needed
- Maintain various inventory management mapping tables in SAP
- Monitor and report on costing relationships that require additional review and investigation
- Assists in the coordination of quarterly and year-end 10Q, 10K and tax schedules
- Lead the development, analysis and management of EOL & LCM inventory reserve
- Plans, collects and analyzes data to determine appropriateness of finished goods costs and other inventory related business activities
- Manage and coordinate FSBP Manufacturing financial analysis and reporting
- Analyze trends and results (routine and adhoc) and provide feedback to management team
- Coordinate the budget and forecasting process resulting in accurate, robust, and timely submissions
- Support plant finance and operations management along with thorough analysis and prompt response
- Occasional travel for off-site meetings (<10%)
- 9+ years of project based experience working in the areas described above, either within industry and/or as an external advisor
- 9+ years of experience in industry or with a consulting organization
- Prefer CPA, CMA or CISA
- Bachelors degree in Finance/Accounting with 9+ years of experience including 3-4 years of cost accounting in a complex manufacturing environment
- Background in understanding and applying complex cost accounting principles including capitalization of variances, E&O reserves, and experience with rolling standard costs