About the position
As a Director of Cost Accounting, you will be responsible for working within the framework of a team and performing the following activities: Oversee all aspects of global cost of goods sold, inventory accounting and valuation, and provide strategic direction for the cost accounting function. Maintain and manage the Systems, Applications, and Products (SAP) costing system to ensure accurate product costs, inventory valuation, and variance analysis. Manage the monthly, quarterly, and annual financial close process for costing and inventory modules, to ensure accuracy of transactions, journal entries, account analysis, and reconciliations, processes and procedures documentation, as applicable. Provide technical guidance and mentoring to ensure consistent application of cost accounting principles across domestic and international manufacturing plants. Generate accurate and timely inventory and costing reports to support continuous improvement initiatives in the Operations team. Collaborate with the Operations, Engineering, and global Finance teams when preparing financial analysis of manufacturing variances, gross margin, and excess and obsolete inventory. Review standard costs quarterly and cost roll-ups for new products and production operations, investigate and resolve significant variances. Identify opportunities and develop new and robust processes for increased productivity, efficiency, and continuous process improvement. Interact with internal and external auditors, providing various analysis and audit schedules to ensure compliance with internal control procedures. Prepare ad hoc reports, perform research on cost accounting questions, and contribute to special projects, as needed. Provide daily management oversight to the cost accounting team, offering timely informal feedback, and coaching.
Responsibilities
- Oversee all aspects of global cost of goods sold, inventory accounting and valuation.
- Maintain and manage the SAP costing system for accurate product costs and inventory valuation.
- Manage the monthly, quarterly, and annual financial close process for costing and inventory modules.
- Provide technical guidance and mentoring for consistent application of cost accounting principles.
- Generate accurate and timely inventory and costing reports.
- Collaborate with Operations, Engineering, and Finance teams for financial analysis.
- Review standard costs quarterly and cost roll-ups for new products.
- Identify opportunities for increased productivity and efficiency.
- Interact with auditors to ensure compliance with internal control procedures.
- Prepare ad hoc reports and contribute to special projects.
- Provide daily management oversight to the cost accounting team.
Requirements
- Bachelor's degree in Accounting or Finance with an emphasis in accounting.
- Minimum of 10 years of experience using a standard cost model in the manufacturing industry.
- Minimum of 5 years of hands-on management experience overseeing cost accountants.
- Thorough understanding of manufacturing variances, overhead absorption, inventory valuation, and standard cost.
- Extensive experience with inventory and COGS account reconciliations.
- Proficiency in month-end closing and working in a fast-paced environment.
- Advanced proficiency in Microsoft Office applications, particularly in Word and Excel.
- Strong analytical, problem-solving, and financial troubleshooting skills.
- Excellent written and verbal communication skills.
- Attention to detail with a strong focus on accuracy and completeness.
- Strong time management and organizational skills.
- Experience with inventory cycle count process.
Nice-to-haves
- Strong preference for those with experience using SAP software.
Benefits
- Training and mentorship with ongoing learning and development courses.
- On-campus wellness activities.
- Comprehensive medical, dental, and vision coverage.
- Education reimbursement program.
- 401(k) program with discretionary employer match.
- Generous vacation accrual and paid holiday schedule.
