Manufacturing Cost Accountant Job Description
Manufacturing cost accountant
provides analysis and review of plant operational costs to plant leadership, financial planners and cost accounting management.
Manufacturing Cost Accountant Duties & Responsibilities
To write an effective manufacturing cost accountant job description, begin by listing detailed duties, responsibilities and expectations. We have included manufacturing cost accountant job description templates that you can modify and use.
Sample responsibilities for this position include:
Set up systems and processes for the costing function, this includes the full range of Cost Accounting activities
Prepare and provide analysis of cost variance
Work closely with Supply Chain to provide them with support relating to cost related matters
Forecast and budgeting for Product Controllers
Conduct Rotational Inventory Audit (physical stock count)
Ensure SOX and internal compliance
Assist each company with physical inventory counts and cycle counts
Assists PE companies with month end close
Participate in the preparation of the annual plant operating budget including standard product cost development, budgeted variances, cost center budgeting, headcount requirements, volume analysis and raw material pricing analysis
Participates in the coordination & preparation of plants’ operating forecasts vs
Manufacturing Cost Accountant Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Manufacturing Cost Accountant
List any licenses or certifications required by the position: CMA, APICS
Education for Manufacturing Cost Accountant
Typically a job would require a certain level of education.
Employers hiring for the manufacturing cost accountant job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Accounting, Finance, Education, Business, Manufacturing, Engineering, MBA, Department of Education, Business/Administration, Communications
Skills for Manufacturing Cost Accountant
Desired skills for manufacturing cost accountant include:
Plant operations and ensure strong working relationships with both plant management and plant finance personnel
SAP
Cost Accounting Experience
Cost accounting in a manufacturing environment
Cost reduction impact on financials
GAAP
Inventory flow
Microsoft office programs
Operations process and manufacturing principles
Particularly Excel
Desired experience for manufacturing cost accountant includes:
Ability to speak fluent English and Mandarin for communication wtih regional business partners, particularly in Greater China
0-3+ years of accounting experience with some cost knowledge
Self-motivated with a go-getter attitude
Plan, organize and direct all the activities of the cost accounting function
Oversee inventory accuracy, E&O, valuation, LCM and borrowing base requirements
Continually drive improvement of a standard costing system to provide management with better information for decision making
Manufacturing Cost Accountant Examples
1
Manufacturing Cost Accountant Job Description
Job Description Example
Our company is growing rapidly and is hiring for a manufacturing cost accountant. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for manufacturing cost accountant
- Develop and maintain standard costs
- Perform the monthly closing activities including preparation of manufacturing variances along with supporting analysis
- Proactive analysis of variances and communication of issues and opportunities to operations management
- Develop metrics and tracking system for major cost drivers
- Participate in profitability analysis in regards to quoting and costing
- Work with Manufacturing to conduct physical inventory audits for the quarter-end and year-end physical inventory
- Communicate / Educate internal and external organizations regarding the cost data
- Manage the day to day financial and data analysis for cost and manufacturing within the business (UK and Belgium manufacturing sites), working with Manufacturing and Supply Chain to drive efficiencies in production and purchasing
- Prepare variance analysis report for inventory, manufacturing cost and standard cost variances
- Records, monitors, reports and communicates function/business results
Qualifications for manufacturing cost accountant
- A meticulous and independent individual is important
- Bachelor's Degree from an accredited university or college OR a High School Diploma / GED with a minium of 4 years of experience in Finance
- Minimum of 3 years of experience in Product Cost
- Minimum of three 3 years of accounting experience in a manufacturing environment
- Public accounting experience with a ‘big 4’
- Strong desire to move up within the organization
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Manufacturing Cost Accountant Job Description
Job Description Example
Our innovative and growing company is hiring for a manufacturing cost accountant. 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 manufacturing cost accountant
- Performs ongoing comparison of objectives and their achievement, consistently uses steering actions to achieve the targets set by the respective business in terms of new orders, sales, profits and cash
- Reports regularly major business figures including KPI's to management of the respective business or local entity level
- Analyses deviations in detail and prepares presentations and decision memos for management or the respective business or local entity level
- Prepares and coordinates planning (budget and forecast) activities for major business figures (EVA, Profit, Investments, NCE, Cash flow) at entity level
- Prepares and edits monthly and quarterly reports
- Accomplishes planning, controlling, accounting and reporting activities of costs and of special projects
- Coordinates and organizes all financial and commercial activities within the scope of the applicable business processes for sales and bidding
- Takes responsibility for preparation and analysis of complex accounting issues
- Prepares and interprets monthly financial statements of reporting units
- Operations FP&A
Qualifications for manufacturing cost accountant
- Minimally 5 years in Cost Accounting, preferably with knowledge of inventory related work
- Knowledge and experience in SOX and process/system implementation and improvements would be highly considered
- Manufacturing Cost Accountant for GigaFactory Two, located in Buffalo, New York
- Bachelor's degree in accounting or related area (or equivalent) with evidence of exceptional ability
- Minimum 3 years’ experience in Accounting preferably in a large manufacturing environment(Experience in solar industry is a significant advantage and will be preferred)
- Must be able to collaborate and build positive relationships with other teams within Finance cross-functionally outside Finance to effectively make recommendations, implement process improvements
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Manufacturing Cost Accountant Job Description
Job Description Example
Our company is looking for a manufacturing cost accountant. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for manufacturing cost accountant
- Prepare and analyze monthly and quarterly gross margin reports by product, customer and warehouse
- Analyze changes in product design, raw materials or manufacturing methods to determine effects on cost
- Variance analysis and review of cost allocation assumptions and rates
- Responsible for overall Physical Inventory and related audits
- Assist in month-end close of the General Ledger as it relates to COGS and Inventory accounting
- Responsible for the timely and accurate completion of the monthly close, including the preparation of monthly journal entries
- Responsible for monitoring the movement of inventory, validation of the cost of goods sold, and monthly plant and terminal inventory reconciliation for accuracy and completeness
- Coordination with Operations and Plant Managers to facilitate the periodic update of the standard costs in the bill of materials
- Perform various product profitability and margin analysis including a monthly product costing variance analysis
- Assist with the timely and accurate maintenance, preparation and issuance of plant and corporate cost statements
Qualifications for manufacturing cost accountant
- Bachelor's degree in accounting or related area or equivalent experience, CPA or MBA preferred, but not required
- Minimum 3 years’ experience in Accounting preferably in a large manufacturing environment with evidence of exceptional ability (Experience in solar industry is a significant advantage and will be preferred)
- Demonstrated advanced proficiency in the Microsoft Windows Suite to include Outlook, Word, Excel, and PowerPoint
- The ability to become and remain organized
- The ability to effectively analyze data formulate recommendations and present findings
- Possess a comprehensive understanding of plant operations and its product lines by working in a cross functional capacity in the product development process
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Manufacturing Cost Accountant Job Description
Job Description Example
Our company is looking for a manufacturing cost accountant. 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 manufacturing cost accountant
- Participating in weekly, monthly and quarterly gross margin analysis for each product
- Maintains responsibility for routine compilation of parts manufacturing costs for payroll, inventory accountability, distribution of factory labor, verification of actual costs and computation of variances in coordination with operations management
- Assist with the month end close and create monthly journal entries
- Financial analytics including variance, work in process and expenses
- Bridge plan/forecast to actual with comprehensive explanations
- Analyze labor, material, inventory, and purchase price variances and work to reduce costs and create lean manufacturing processes
- New product costing and capital expenditure analysis
- Also help with process improvement for plant/ ad hoc analysis
- High level Financial Analyst role will work within multiple sub-groups of the Charlotte campus BA (Business Administration) organization representing the Manufacturing Large Gas Turbine & Manufacturing Hot Gas Path business segments
- Lead digitalization topics, process improvements using current tools (Tableau/ Celonis, ) manufacturing teams/groups
Qualifications for manufacturing cost accountant
- Able to work independently and effectively work on multiple projects simultaneously
- The ability to adjust work direction within shifting priorities
- Recognizes cross-functional cross-Finance impacts and takes action to address needs
- Minimum of 1-3 years’ experience with cost accounting (Financial/Manufacturing Costing & Analysis)
- Microsoft Office (Excel technical skills – Pivot tables, VLookup, ) experience
- CPA or CMA or MBA
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Manufacturing Cost Accountant Job Description
Job Description Example
Our innovative and growing company is hiring for a manufacturing cost accountant. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for manufacturing cost accountant
- Lead process improvement initiatives within the BA organizations in order to achieve productivity and efficiency gains
- Forecast and report foreign exchange impacts within business
- Coordinate ad hoc reporting tasks with Business Controlling organizations
- Continuous improvement and digitalization lead for the MGT & MHG BA organizations in Charlotte, NC
- Introduce new ideas for further improvements within the business
- Coordinate process improvement workshops within the BA team to drive productivity and further efficiency
- Conduct production plan scenario analysis and comparisons in order to convey business strategy and situation
- Reports to the Director of Finance
- Collaborates with our Technical and R&D organizations on the development of the costing methodology, cost standards, and KPI reporting
- Supports and maintains our ERP system to accurately reflect costing methodology
Qualifications for manufacturing cost accountant
- Minimally a degree in Finance and/or Accounting, or Engineering
- Positive “can do” attitude and highly analytical
- Must have a strong Cost systems background and have excellent analytical skills
- The incumbent needs to have a Bachelor’s Degree in Accounting or Finance(or of similar qualifications)
- Bachelor’s degree or higher in Accounting or closely related field
- Experience with general ledger accounting is a plus