Cost Accounting Manager
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Job Description
POSITION SUMMARYThe Cost Accounting Manager will play a vital role in the financial operations of a manufacturingcompany, ensuring accurate cost accounting and financial reporting. This position involvesanalyzing manufacturing costs, preparing detailed analytical reports, and ensuring the companyadheres to financial regulations. This position requires strong background in accounting, deepunderstanding of manufacturing operations, cost accounting principles, excellent analyticalskills, and the ability to work collaboratively with various departments.KEY RESPONSIBILITIESCOST ANALYSIS AND REPORTING
? Develop, prepare and analyze periodic reports, including variance analysis for laborefficiency, materials usage/yields, purchase price variance, and overhead spending.Highlight key areas of concern and opportunities for improvement for departmentmanagers.
? Develop, prepare, and analyze product costs for materials, labor, and overhead.
? Develop standardized models to review profitability of products based on materials,labor, and overheads, in addition to incorporating sales and marketing allowances andall related costs.
? Develop and maintain pricing models to ensure competitive and profitable pricingstrategies. Analyze market trends, cost structures, and competitor pricing to informpricing decisions.
? Develop profitability reporting by Product Class, Customer, and Sales Channel.
? Identify cost-saving opportunities and recommend strategies to improve cost-efficiency.Maintain and track progress of opportunities against forecast throughout the year.
? Analyze purchased material, other supply costs, and perform cost-benefit analyses forvendor changes.
? Maintain cost system information for manufacturing and distribution operations, includingbills of material, crewing, and other related items.
? Provide ad hoc analyses and projections as needed to support decision-making.MONTH END REPORTING
? Perform account reconciliations and prepare journal entries for month end close.
? Analyze month end variances to Budget.
? Provide commentary for monthly distribution.
? Develop monthly follow up action plans based on commentary, margin aggravationdrivers and opportunities to improve the bottom line.INVENTORY MANAGEMENT
? Monitor and reconcile inventory balances, ensuring accurate valuation of inventory.
? Analyze and reconcile inventory balances monthly, participate in cycle/physical counts ifnecessary. Work closely with production and supply chain teams to optimize inventorylevels, reduce excess stock and improve storage costs.
? Participate in the monthly inventory counts and investigate discrepancies.
? Develop and report monthly inventory turns KPI.BUDGETING AND FORECASTING
? Assist in the development of annual budgets and financial forecasts for manufacturingoperations.
? Participate in the preparation of the annual plant operating budget, including standardproduct cost development, budgeted variances, cost center budgeting, headcountrequirements, volume analysis, raw material pricing analysis and overhead costs andallocations.
? Develop models for monthly production and absorption.
? Work with Plant Managers to review expenses that are incorporated into the Budget.FIXED ASSETS
? Assist with developing and analyzing capital project ROIs.
? Develop / provide reporting for new capital projects including status and spendingagainst budgets.
? Maintain Fixed Asset reconciliations and prepare journal entries for month end close.
? Prepare annual Property Tax Statements.REQUIRED KNOWLEDGE, SKILLS, AND ABILITIES
? Bachelor's degree in Accounting, Finance, or a related field.
? Minimum of 3-5 years of experience in cost accounting, preferably in a foodmanufacturing environment.
? In-depth knowledge of cost accounting principles, GAAP, and inventory management.
? Proficiency in Microsoft Office Suite (particularly Excel), accounting software and ERPsystems.
? Strong analytical skills and attention to detail.
? Excellent communication and interpersonal skills.
? Ability to work within a collaborative, fast-paced environment and re-prioritize tasks whenproject timelines shift.
? Demonstrated time-management and multi-tasking skills.
? Ability to work independently and as part of a team.
email: dgavello@allianceresourcegroup.com
Automate your job search with Sonara.
Submit 10x as many applications with less effort than one manual application.
