Cost Accounting Manager

Schaumburg, IL - USA

Monthly Salary: Not Disclosed

Posted on: 2 hours ago

Vacancies: 1 Vacancy

Job Summary

Our Client is hiring a Cost Accounting Manager to join their fast growing Finance team!

In this critical role the Cost Accounting Manager will help drive financial health and operational efficiency at the Company. This position leads all aspects of cost accounting with a focus on accurately accumulating analyzing and reporting product and inventory costs including variance analysis. As a strategic partner to the supply chain operations and logistics teams the Cost Accounting Manager delivers financial insights ensures compliance with company policies and U.S. GAAP and identifies opportunities for cost and process improvements. The role also involves collaboration with international business units to align cost accounting practices globally. Success in this role requires strong analytical skills advanced systems knowledge (SAP/Vistex) attention to detail and a proactive solutions-oriented mindset.

Key Responsibilities:

Costing Policy & Compliance

Develop and maintain cost accounting policies aligned with company accounting standards and internal controls to ensure efficiency accuracy and compliance.
Ensure cost accounting practices comply with U.S. GAAP and internal control standards.
Monitor and update procedures to reflect changes in operations systems or regulatory requirements.

Cost Analysis & Reporting

Accumulate analyze and report on product costs and variances delivering insights that support strategic and operational decision-making.
Prepare and maintain inventory costing models; update standard cost rates and perform profitability and variance analysis (e.g. PPV absorption).
Regularly generate and present detailed reports on product costs variances and margins to senior management.

Inventory Accuracy & System Integrity

Oversee inventory accuracy initiatives including the cycle count program physical inventory counts time studies and reconciliations.
Ensure accuracy of cost and inventory data within SAP; validate purchase order data and costing entries.
Serve as the subject matter expert (SME) for SAP and partner with operations and project teams to identify and implement system and process enhancements.

Cross-Functional Collaboration & Process Improvement

Provide financial expertise and guidance to supply chain logistics and operations teams.
Lead the manufacturing budget process and support issue resolution for designated sites.
Identify and implement process improvements related to cost tracking reporting and ERP system utilization (e.g. SAP Incorta).
Support internal and external audits and deliver training on cost accounting policies and product cost drivers.

Expected Skills and Qualifications:

Minimum of 5 years of progressive cost accounting experience in manufacturing distribution or a related environment.
Bachelors degree in Accounting Finance or a related field required; CPA preferred. An equivalent combination of education training and experience may be considered.
In-depth knowledge of cost accounting inventory valuation and U.S. GAAP.
Strong analytical critical thinking and problem-solving skills with high attention to detail.
Proven ability to manage multiple priorities in a fast-paced dynamic environment.
Excellent communication skills with the ability to clearly articulate complex financial information.
Self-starter with the ability to work independently and collaboratively across teams.
Demonstrated intellectual curiosity and a continuous improvement mindset.
Proficiency in Microsoft Office Suite especially Excel; experience working in a Windows environment.
Advanced proficiency in SAP (preferably SAP S/4HANA) and Vistex strongly preferred. Experience working with large and complex data sets.

Preferred Skills and Qualifications:

Experience with business intelligence tools such as Incorta or similar platforms.
Background in global operations or multinational environments.
Prior experience training others on cost accounting concepts or systems.

Travel:

Ability to travel up to 25%.

Pre-Employment Requirement:

Employment offers are contingent upon successful completion of a drug screen and background requirement is especially critical for safety-sensitive roles.

Our Client is hiring a Cost Accounting Manager to join their fast growing Finance team!In this critical role the Cost Accounting Manager will help drive financial health and operational efficiency at the Company. This position leads all aspects of cost accounting with a focus on accurately accumulat...