Manager of Cost Accounting

Ensign-Bickford Industries • Simsbury, CT

30d

About The Position

We are seeking a highly skilled and experienced Manager of Cost Accounting. This position plays a crucial role in the organization by analyzing and managing the costs associated with our operations. This position will be responsible for overseeing department spending, absorption costing, variance analysis, headcount management, and inventory planning. The ideal candidate will possess strong analytical skills, attention to detail, and the ability to communicate effectively with cross-functional teams. This role serves as a key position within our finance department, offering opportunities for professional development, growth, and succession.

Requirements

• Bachelor’s degree in Accounting, Finance, or a related field; CPA or CMA preferred.
• 7+ years of progressive experience in cost accounting or financial analysis, preferably in an aerospace or manufacturing environment.
• Strong understanding of absorption costing, variance analysis, and inventory management principles.
• Proficient in financial modeling, forecasting, and budgeting.
• Advanced Excel skills and experience with ERP systems (IFS a plus).
• Excellent analytical, problem-solving, and organizational skills.
• Strong communication and interpersonal skills, with the ability to work collaboratively across departments.
• Attention to detail and a commitment to accuracy in financial reporting.

Responsibilities

• Department Spending Management: Monitor and analyze departmental budgets and expenditures, ensuring alignment with financial goals and identifying areas for cost savings and efficiency improvements.
• Absorption Costing : Develop and maintain absorption costing methodologies to accurately allocate costs to products and services, ensuring compliance with accounting standards and regulations.
• Variance Analysis: Conduct variance analysis related to material, labor, and overhead costs. Investigate discrepancies and provide actionable insights to management for decision-making.
• Headcount Analysis: Collaborate with HR and department managers to analyze headcount trends, assess labor costs, and provide recommendations for staffing efficiency and effectiveness.
• Inventory Planning: Oversee inventory management processes, including valuation, turnover analysis, and optimization strategies to ensure inventory levels are aligned with production and sales forecasts.
• Reporting: Prepare and present comprehensive cost reports to senior management, highlighting financial performance, cost trends, and strategic recommendations.
• Collaboration: Work closely with engineering, production, and supply chain teams to ensure accurate cost tracking and reporting, as well as to support new product development and project initiatives.
• Continuous Improvement: Identify and implement process improvements in cost accounting practices and tools to enhance accuracy and efficiency.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Number of Employees: 1,001-5,000 employees