Manager, Inventory & Cost Accounting
Manager, Inventory & Cost Accounting
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Job Description
About Redwood Materials
Manager Inventory & Cost Accounting
As the Manager Inventory & Cost Accounting you will play a pivotal role in our finance team overseeing the inventory & cost accounting function and providing strategic financial guidance to support business decision making. This position offers an exciting opportunity to drive cost optimization initiatives ensure accuracy in inventory and cost accounting processes and contribute to the financial success of an emerging growth company within a dynamic and fast-paced environment.
Responsibilities Will Include:
- Assist in leading the Inventory and Cost accounting function overseeing the accurate and timely recording of manufacturing costs inventory valuation and cost allocations in accordance with US GAAP and company policies.
- Establish and maintain costing methodologies for products and production processes.
- Ensure accurate valuation of inventory including raw materials work-in-progress (WIP) and finished goods (FG) applying appropriate cost methods (e.g. FIFO LIFO weighted average) and conducting periodic inventory reconciliations.
- Perform regular variance analysis to evaluate actual costs investigating and explaining variances to management and operational teams.
- Assist in the preparation of monthly quarterly and annual financial statements providing inventory and cost-related insights and analysis to support external reporting requirements and audit activities.
- Collaborate with finance and operational teams to develop annual budgets and periodic forecasts for manufacturing costs providing input on cost assumptions trends and projections.
- Conduct in-depth analysis of product costs manufacturing variances and cost drivers to identify opportunities for cost reduction process improvement and operational efficiency.
- Establish and maintain effective internal controls over inventory and cost accounting processes ensuring compliance with SOX requirements and facilitating audit readiness.
- Partner with procurement production engineering and supply chain teams to ensure alignment of inventory and cost accounting activities with broader business objectives and operational initiatives.
- Collaborate with cross-functional teams to identify opportunities to streamline and automate cost accounting processes leveraging technology and best practices to enhance efficiency accuracy and data integrity.
- Other duties as assigned.
Desired Qualifications:
- Bachelors degree in accounting Finance or related field; CPA or CMA certification preferred.
- 5 years of progressive experience in inventory and cost accounting within a large corporate environment preferably within a publicly traded multinational organization.
- Strong understanding of cost accounting principles standard costing methodologies and manufacturing processes.
- Experience with ERP systems (e.g. SAP Oracle) and cost accounting software; proficiency in Microsoft Excel for data analysis and reporting.
- Strong leadership skills with the ability to work independently and as part of a team.
- Detail-oriented with strong organizational and time management skills capable of managing multiple priorities and meeting tight deadlines in a fast-paced environment.
- Excellent analytical and problem-solving skills with the ability to interpret complex financial data and communicate findings effectively to stakeholders.
- Excellent verbal and written communication skills with the ability to effectively communicate complex accounting concepts to non-accounting colleagues.
- Self-motivated and proactive with a commitment to continuous learning and professional development.
The position is full-time. Compensation will be commensurate with experience.
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Required Experience:
Manager
Employment Type
Full Time
