The Cost Accounting Manager is responsible for leading the sourcing inventory and costing management function. They will be responsible for bidding sourcing and contracting to ensure that the companys operational needs are met considering price quality and delivery and to ensure continuity of supply. They will be responsible for managing the companys inventory to ensure proper paperwork and transactions are followed as well as manage cycle counts reconciliation. They will be responsible for updating standard costs analyzing purchase price variance production variance and inventory reconciliations/adjustments.
Job Duties and Responsibilities
*Developing procurement strategies that are inventive and cost-effective.
*Sourcing and engaging reliable suppliers and vendors.
*Negotiating with suppliers and vendors to secure advantageous commercial terms.
*Reviewing existing contracts with suppliers and vendors to ensure on-going feasibility cost value and terms.
*Building and maintaining long-term relationships with vendors and suppliers.
*Performing risk assessments on potential contracts and agreements.
*Preparing procurement reports and analyzing purchase price variance.
*Manage entire importing process working with vendors freight forwarders ports trucking shipping lines.
*Manage purchasing forecasts min/max levels with reorder points.
*Manage inventory including receipts transfers and adjustments.
*Manage cycle counts and yearly physical counts as well as reconciling to book balance and explaining variances.
*Manage creating and updating bill of materials as well as customer formulas.
*Analyze and explain production variances.
*Manage and update delivered standard costs of all inventory items running cost roll-ups and analyzing/explaining inventory revaluation.
*Manage inventory month end closing responsibilities.
*Partner with operations and logistics on inbound deliveries transfers inventory organization and production.
*Manage supervise and develop purchasing buyer.
ills Experience Required
*5-10 years Supply Chain/Cost Accounting/Inventory Control/Purchasing experience required.
*Bachelor in Business Management/Accounting/Supply Chain or related experience is required.
*In-depth experience and strong command of Excel required.
*In-depth understanding of accounting principles concerning inventory costs sales and gross margin.
*Must demonstrate high level of systems knowledge. This individual will be required to retrieve information from the Inventory Purchasing and Accounting ERP system Microsoft Dynamics 365 Finance & Operations and will need to possess the analytical skills to interpret data and summarize findings to management.
*Must be analytical and possess problem solving skills.
*Strong written and verbal communication skills.
*Working knowledge of inventory and purchasing management software (e.g. ERP).
*Outstanding communication and interpersonal abilities.
*Reliable and trustworthy.
*Ability to quickly adapt to changes in direction and/or project approach.
Job Specific Competencies
*Productivity (completes work in a timely manner)
*Quality (gets the job done correctly)
*Initiative (completes work with minimum supervision and seeks new and better methods to do the job)
*Dependability (shows up to work and responds promptly to all call outs)
*Attendance (employees record for being at work regularly and on time)
*Communication (effectively communicates with team members and management)
*Teamwork (works effectively with team management and customers)
*Customer focus (consistently focuses on the customer)
*Ethics Integrity and Character (treats people honestly and with respect)
*Safety (displays strong commitment to safety and completes safety training)
Required Experience:
Manager
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