Essential Duties and Responsibilities:
• Maintains the standard cost system including, but not limited to, setting material standards, determining labor and overhead rates, and periodic reporting. • Reconciles the perpetual inventory balance to the GL timely and accurately. • Provides relevant metrics to operations management to drive lower manufacturing cost and improve inventory turns. • Analyzes product gross margins and identifies opportunities for improvement. • Leads the finance process re-engineering project in support of the Infor LN (ERP system) implementation. Helps influence change in legacy processes and systems. May need to help educate other participants on the project regarding the merits of cost accounting. • Assists in the preparation of the annual operating plan for the US production and distribution functions. • Provides reports as needed in support of product costing and other analysis. • Tracks productivity initiatives in the manufacturing and distribution environment. • Coordinates best practices for costing with other production sites. • Tracks excess and obsolete (E&O) inventory, calculates the required provision based on company policy and works with operations to reduce E&O. • Oversees the accounting for cycle counting and the year-end physical inventory. • Supports the general accounting function to close the books in a timely fashion. • Works with external auditors to answer questions about the company’s costing processes and control environment. • Maintains records in accordance with US GAAP and company accounting policies. • Drives process and system improvements across the finance organization, including design and implementation of key controls over financial reporting. Implements best practices where possible. • Where appropriate, keeps financial information and plans confidential. • Other duties as necessary.
While the role does not have any direct reports, it’s a position which requires the ability to influence an outcome and to work effectively in cross functional teams. Given the importance of the business initiatives, it’s critical the Cost Accounting Manager has the capability to overcome obstacles and to drive a project to completion. In this capacity, the Cost Accounting Manager will need to work with local leadership as well as finance and operational leaders in other business units outside of the US.
Education and Experience: university degree in accounting or finance; master’s is preferred but not required; five or more years of experience in a manufacturing environment; experience working in a multi-national company.
IT Skills: advanced skills using Microsoft office products. Deep knowledge of costing and ERP systems is critical for the role. Working knowledge of Infor LN or another tier 1 ERP package is required. Knowledge of lean manufacturing is beneficial in supporting the system implementation.