Manager, Cost Accounting

Manager, Cost Accounting Overview

• The Manager, Cost Accounting oversees the cost accounting function, ensuring accurate financial reporting and supporting strategic goals.
• Develops and implements cost accounting processes and internal reports aligned with corporate objectives.
• Collaborates with senior management to ensure cost accounting supports company-wide informational needs.
• Leads the manufacturing budget process, establishing annual standard costs for products.
• Supervises staff, ensuring consistent valuation methods and accurate inventory costing.
• Ensures compliance with FDA regulations and company policies in all cost accounting activities.
• Provides strategic input to improve cost accounting programs and processes.
• Supports the organization’s financial health through effective cost analysis and reporting.

Manager, Cost Accounting Key Responsibilities & Duties

• Develop and administer cost accounting processes, ensuring alignment with corporate objectives.
• Supervise cost accounting staff, fostering professional growth and ensuring high-quality output.
• Coordinate inventory valuation and monthly reporting, ensuring accuracy and compliance.
• Lead the manufacturing budget process, collaborating with personnel to establish product costs.
• Assess and improve cost accounting programs, processes, and internal reporting mechanisms.
• Ensure adherence to FDA regulations and company policies in all accounting activities.
• Provide detailed financial analysis to support strategic decision-making.
• Collaborate with cross-functional teams to optimize cost accounting practices.

Manager, Cost Accounting Job Requirements

• Bachelor’s degree in Finance, Accounting, or a related field; Master’s preferred.
• 5-8 years of progressive experience in financial analysis or accounting management.
• Proven ability to manage multiple priorities and meet tight deadlines.
• Strong understanding of FDA regulations and compliance requirements.
• Proficiency in developing cost accounting processes and internal reporting systems.
• Excellent communication skills for effective business discussions and report composition.
• Experience in inventory valuation and manufacturing budget processes.
• Knowledge of standard costing and capacity assumptions in manufacturing.