Manager, Cost Job Description

Manager, Cost Job Description

174 votes for Manager, Cost
Manager, cost provides input on the ability to comply with contract terms, suggest contract revisions, and assist with drafting of contractual requirements; help business units understand contractual requirements, as well as how to apply and comply with contractual requirements.

Manager, Cost Duties & Responsibilities

To write an effective manager, cost job description, begin by listing detailed duties, responsibilities and expectations. We have included manager, cost job description templates that you can modify and use.

Sample responsibilities for this position include:

New deal cost quotes, activity based costing
Help to implement costing system
Support evaluation of costing system replacement / consolidation
Will enhance current costing methodology and data to improve business analysis
Work closely with Supply Chain team
Design reporting and analysis for the Supply Chain team
Develop operations Key Performance Indicators (KPI’s)
Responsible for leading the budgeting and planning process for Supply Chain
Ensure financial information is accurate
Plan, study and collect data, such as for raw material purchases, inventory and labor, to determine costs of business activity

Manager, Cost Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Manager, Cost

List any licenses or certifications required by the position: CPA, PMP, CMA, APICS, AWS, ACE, AACEI, PMI, CECRL, B2

Education for Manager, Cost

Typically a job would require a certain level of education.

Employers hiring for the manager, cost job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Accounting, Finance, Surveying, Engineering, Technical, Construction, Construction Management, Business, MBA, Management

Skills for Manager, Cost

Desired skills for manager, cost include:

Access and Visio
Bayer Group accounting and reporting requirements
Contractual and drafting skills
Corporate Financial Manual and the ability to apply proper policies to business issues
Cost control
FAR/DFARS and legal/contract terms and conditions
Federal income tax aspects of commercial construction projects
Health care management
MS Excel and PowerPoint

Desired experience for manager, cost includes:

Analyze data obtained through downloads from mainframe computer systems and records results
Analyze changes in product design, raw materials, manufacturing methods or services to determine effects on costs
Analyze manufacturing costs and prepares periodic reports comparing standard vs
Compile cost information to be used in operating budget preparation
Maintain and updates data warehouse sales analysis files
Reconcile perpetual inventory records to accounts

Manager, Cost Examples


Manager, Cost Job Description

Job Description Example
Our growing company is hiring for a manager, cost. 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 manager, cost
  • Development as a strong business partner of the manufacturing, purchasing and engineering teams
  • Financial oversight of inventory valuation and physical inventory reconciliations
  • Provide business and corporate ad-hoc decision support analyses to optimize performance and earnings with an emphasis on cost improvements
  • Manages team that serves as key support mechanism for branch location issues including training, PI and cycle counting support and system variance issues
  • Development of internal self-audit programs to ensure integrity of data and reporting assist management in directing and controlling activities
  • Prepare and issues periodic cost reports to senior technical staff
  • Review the cash flow prepared by junior technical staff and issues to senior technical staff
  • With minimal supervision, reviews all change orders in accordance with the client’s approval process
  • Review invoices for the project and ensure that junior technical staff codes the invoices where applicable and forwards them to the client’s accounts payable department
  • Provide procurement services for the client, where applicable, for construction and engineering services, including preparing RFP and bid analysis
Qualifications for manager, cost
  • Bachelor’s degree or Master’s degree in Accounting from an accredited College or University
  • Strong Individual contributor with 10+ years of professional experience in FP&A mainly in Cost Management working in Global roles, with proven ability to translate large volumes of data into meaningful analysis that is insightful/ actionable assisting the CFO
  • Experience in providing high quality insights into data and analysis with a commercial focus
  • Supporting senior managers and finance partners providing leadership across the enterprise, to deliver genuine and sustained cost reform
  • Build and maintain effective relationships with a range of senior leaders who will ultimately seek your insight, advice and support
  • Present analysis and hypotheses to senior business and finance stakeholders to drive decision making and effective actions

Manager, Cost Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of manager, cost. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for manager, cost
  • Works closely across other departments and internally within the accounting group in providing cost and fixed asset support
  • Provides reports and interprets the results of operations to the highest levels of management
  • Assists with various external audits as required
  • Demonstrates expertise in a variety of cost and fixed asset concepts, practices, and procedures
  • Issue orders, instructions and other contract documentation required to administer the contract works in accordance with the client’s standing orders and financial regulations
  • Track and analyze the COGS
  • Monitor expenses, operation/production costs against budget and provide explanations
  • Develop and streamline inventory internal controls
  • Update and maintain standard costs
  • Reconcile physical inventory and cycle counts
Qualifications for manager, cost
  • Sound general computer skills - QUEST, MS Office Suite
  • Knowledge of the market for consulting services
  • Results orientated and self-starter
  • Degree or certificate in a related field, Quantity Surveying, Project Management
  • Understanding of CSR for switched, facility & special access in addition to IXC/LD invoice structure and elements
  • Understanding of FCC/Contracts, elements (USOCs), terms and conditions, rate plans, CABS, CSR, ASR and DLR’s

Manager, Cost Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of manager, cost. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for manager, cost
  • Reports monthly on PPV, product costing, production scrap, cycle count scrap, backflush variance and revaluation variance
  • Reviews purchasing plan prices and launches of product costing runs on customer quarters
  • Assist in month end general ledger close and prepare journal entries
  • Assist in the preparation of annual operating budgets, forecasts and variance analysis
  • Develop financial system improvements, upgrades and controls
  • Evaluate process deficiencies, formulate corrective action plans and develop process improvements and procedural controls
  • Support financial reviews and audits conducted by independent auditors
  • Manage the month end inventory and cost accounting close process
  • Audit the inventory cycle count process to ensure the inventory counts are being done accurately and that the documented procedures are being followed
  • Actively drive Operations in tracking and controlling inventory levels
Qualifications for manager, cost
  • ERP Experience, possibly Oracle EBS or SAP
  • History of forming partnerships with and making concise presentations to company executives
  • Degree qualified in an Engineering (preferably Mech or Elect) and or cost management discipline
  • Must be familiar with different forms/categories of contracts particularly in India, also experience in FIDIC
  • Must have outstanding communication skills in written and spoken in Hindi, Marathi and English
  • Must be able to work both independently with a proactive approach and collaboratively as part of a multi-cultural team

Manager, Cost Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of manager, cost. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for manager, cost
  • Provides functional support over areas of responsibility including project schedules, cost control, contract administration and quality control
  • Month-end closing activities in conjunction with the corporate calendar
  • Ownership of Project Accounting and Aftermarket Accounting activities
  • Revenue recognition and cost of sales actuals and forecast
  • Coordinate Cost review process
  • Sales/margin analysis for actuals, forecasting and AOP
  • Partner with Operations for coordination of annual physical inventory
  • Partnering with various levels of Operations including Leadership team, project leadership, mfg., and project controls
  • Support Internal Controls compliance for Cost management activities
  • Support for both internal and external audits
Qualifications for manager, cost
  • 8+ year experience as a Senior Estimator in the within the civil construction industry
  • Should be able to demonstrate the ability to work under pressure and to tight deadlines
  • Complete month-end to a high level of accuracy ensuring all variances are fully understood and all required accruals are posted
  • Complete Finance and Plant Monthly Scorecards
  • Has overall responsibility for developing annual Plant and Module budgets
  • SAP or Strong Accounting Information System knowledge essential

Manager, Cost Job Description

Job Description Example
Our innovative and growing company is looking for a manager, cost. 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 manager, cost
  • Oversees monthly close reporting package
  • Assist in the production of the annual budget and forecasts
  • Work closely with the transition team to track and assess opportunities to accelerate key transitions supporting cost reduction
  • Support the Product Cost Manager to ensure we meet F135 product cost objectives
  • Maintain and Update standard costs on a frequent basis
  • Assist in Physical existence testing
  • Create new models or enhance SAP for changes in our processes and or business
  • Assistance in the preparation of Monthly Financial Statement according to U.S. GAAP
  • Reconciliation of inventory and variance accounts on a monthly basis with comparison to forecast
  • Monitor and report on all inventory control activities in accordance with SOX requirements
Qualifications for manager, cost
  • Experience of Manufacturing Plant Knowledge desirable
  • Ability to use written and oral communication skills to influence management behaviours that drive cost, improve cash flow and emphasises good controls
  • Strong problem solving and an ability to think creatively and generate solutions
  • Bachelor’s degree in engineering / engineering technology, business administration/finance or construction management
  • Intermediate to Advanced knowledge in the use of VBA, SQL, and Oracle language a plus
  • Intermediate knowledge statistical analysis in the areas of sampling, distributions, probability, hypothesis testing

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