Cost Accounting Manager

Cost Accounting Manager Overview

• The Cost Accounting Manager oversees the cost accounting function, ensuring accurate financial reporting and compliance with industry standards.
• Develops and implements cost accounting processes aligned with corporate objectives and strategic goals.
• Collaborates with senior management to support company-wide informational and reporting requirements effectively.
• Supervises cost accounting staff, fostering professional growth and maintaining high performance standards.
• Leads manufacturing budget processes, coordinating with personnel to establish annual product standard costs.
• Ensures compliance with FDA regulations and adherence to company policies governing financial activities.
• Provides accurate documentation and reporting, supporting strategic decision-making and operational efficiency.
• Contributes to the development of manufacturing capacity assumptions and product cost calculations.
• Offers a comprehensive benefits package, including medical insurance, paid time off, and tuition assistance.

Cost Accounting Manager Key Responsibilities & Duties

• Supervise cost accounting staff, ensuring efficient operations and adherence to corporate objectives.
• Develop and administer cost accounting processes, programs, and internal reports effectively.
• Coordinate cost accounting activities to ensure consistent inventory valuation methods and accurate reporting.
• Lead manufacturing budget processes, collaborating with personnel to determine annual standard costs.
• Ensure compliance with FDA regulations and company policies in all financial activities.
• Prepare and review monthly inventory reports, assessing reserve requirements during month-end close.
• Seek approval for improvements to cost accounting programs and processes from senior management.
• Collaborate with senior management to align cost accounting functions with strategic goals.
• Provide accurate and persuasive communication in business discussions and technical documentation.

Cost Accounting Manager Job Requirements

• Bachelor’s degree in Finance, Accounting, or a related field is required; Master’s degree preferred.
• 5-8 years of progressive experience in financial analysis or accounting management.
• Proven ability to manage multiple priorities and meet tight deadlines effectively.
• Strong understanding of inventory valuation methods and manufacturing cost calculations.
• Excellent communication skills for composing reports and engaging in business discussions.
• Knowledge of FDA regulations and compliance requirements in financial activities.
• Proficiency in developing and implementing cost accounting processes and programs.
• Ability to lead and supervise staff, fostering professional growth and high performance.
• Commitment to ongoing education and staying updated on relevant industry regulations.