Cost Accounting Senior Manager

Job Responsibilities

1.) Cost Accounting Management

• Oversee all aspects of cost accounting activities, including cost allocation, cost analysis, and cost/inventory control measures.
• Develop and maintain costing systems to accurately track and report on product costs, ensuring alignment with company goals and financial objectives.
• Oversee Balance Sheet reconciliations and ensure compliance with corporate policies.
• Oversee and analyze inbound/outbound freight/customs costs globally, collaborate with logistics to drive timely/accurate recording into financial statements in an efficient manner
• Analyze cost variances and trends, providing insights and recommendations to optimize operational efficiency and profitability.
• Collaborate with cross-functional teams to ensure accurate cost data is utilized in financial statement reporting and decision-making processes.

2.) Process Improvement and Optimization

• Identify opportunities to streamline cost accounting processes and enhance reporting accuracy and timeliness.
• Implement best practices and methodologies to optimize cost allocation methodologies and enhance overall cost visibility.
• Drive continuous improvement initiatives to enhance the effectiveness of cost accounting.

3.) Cross-Functional Collaboration

• Collaborate with internal stakeholders, including operations, procurement, logistics and finance teams, to gather relevant cost data and ensure alignment with organizational objectives.
• Serve as a subject matter expert on cost accounting matters, providing guidance and support to other departments as needed.

4.) Foster a culture of transparency and accountability by effectively communicating cost-related information across the organization

5.) Financial Planning and Analysis (FP&A) Support

• Assist in budgeting and forecasting processes, providing insights into cost drivers and potential financial impacts.
• Prepare financial reports and presentations for senior management, highlighting key cost metrics and variance analysis.
• Conduct financial modeling and scenario analysis to support strategic decision-making and resource allocation.

6.) Data Modeling and Analysis

• Utilize advanced Excel skills to develop and maintain complex data models for cost analysis and financial reporting.
• Extract and manipulate large datasets from various sources to support cost accounting and FP&A activities.
• Perform thorough data analysis to identify trends, patterns, and anomalies, offering actionable recommendations to improve cost accounting accuracy and efficiency.
• Provide insightful analytics to Senior management (Ops Accounting and FP&A).

Qualifications

• Bachelor’s degree in Accounting, Finance, or related field; Master’s degree or CPA preferred.
• Minimum of 4-5 years of experience in cost accounting or related roles, preferably in a manufacturing or similar industry. Overall +10 years of experience in progressive accounting & financial analysis roles.
• Strong proficiency in Excel, including advanced functions such as VLOOKUP, PivotTables, and complex formulae.
• Experience with data modeling and analysis, preferably using tools such as Power Query, Power Pivot, or similar.
• Solid understanding of accounting, financial planning and analysis concepts, with the ability to translate financial data into actionable insights.
• Excellent analytical and problem-solving skills, with a keen attention to detail.
• Strong communication and interpersonal skills, with the ability to effectively collaborate with cross-functional teams.
• Proven ability to manage multiple priorities and meet deadlines in a fast-paced environment.
• Experience with ERP systems and cost accounting software is a plus.
• Continuous learning mindset with a willingness to adapt to evolving business needs and technology advancements.
• Hands on accounting leader, proven track record of ability to coach and develop accounting talent