Cost Accounting Manager Job Description
Cost accounting manager
provides expert opinion on US & Local GAAP, internal control policies and Moody’s Global Accounting Policies (MGAP).
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:
Works extensively with SAP, Microsoft Excel, Access and SQL databases Hyperion Financial Management (HFM) and EPM consolidation tools
Support the entries and maintenance of the general ledger for by ensuring proper, accurate, and timely recording of transactions in accordance with GAAP and Company policies
Support current Internal Control environment to ensure that accounting records are accurate and in compliance with GAAP
Support the NA Supply Chain Finance organization as a lead super user and trainer in SAP-related deployment matters within both the St
Plan, organize and direct all the activities of the cost accounting function to include transactions affecting inventory and various other cost of sales expenses
Supervision of 3 accountants with responsibilities for Fixed Assets, Capital Expenditure Review, inventory transactions, standard costs, product and process costing, ad hoc analysis, and daily production reporting
Consolidating financial data for forecasts and monthly reporting, including development and maintenance of financial models to consolidate analytical data quickly and accurately
Managing the monthly reporting package sent to Corporate Finance
Actively collaborating with IT team and the global finance team to ensure alignment and accuracy of financial data
Serving as the finance point of contact for the reporting system (EFI Monarch) within the company
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:
SAP
US GAAP
GAAP
Capital budgeting
Excel
Global and regional logistics operations and industry
International direct and indirect taxes global customs regimes
Operational roles and responsibilities
ERP systems
GAAP accounting and automated accounting systems
Desired experience for cost accounting manager includes:
Ability to interact with individuals in various functional areas and different levels within the organization
Developing a system to capture and monitor margins
Analyzing and reporting this information to help drive meaningful business decision making
Identifying areas of inefficiency and leading projects that streamline routine financial reporting and data collection processes
Acting as the Finance Lead for the new ERP system implementation
Cost accounting responsibilities, which includes supporting annual standard costing, ad hoc product costing analysis, month-end close, and master data maintenance
Cost Accounting Manager Examples
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Cost Accounting Manager Job Description
Job Description Example
Our company is growing rapidly and is hiring for a cost accounting manager. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for cost accounting manager
- 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
Qualifications for cost accounting manager
- 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
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Cost Accounting Manager Job Description
Job Description Example
Our company is looking to fill the role of cost accounting manager. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for cost accounting manager
- 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
Qualifications for cost accounting manager
- 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
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Cost Accounting Manager Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of cost accounting manager. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for cost accounting manager
- 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
Qualifications for cost accounting manager
- 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
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Cost Accounting Manager Job Description
Job Description Example
Our innovative and growing company is hiring for a cost accounting manager. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for cost accounting manager
- 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
Qualifications for cost accounting manager
- 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
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Cost Accounting Manager Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of cost accounting manager. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for cost accounting manager
- 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
Qualifications for cost accounting manager
- 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